How the lessors provide rent concessions My three children visit the school that rented its building with all the classes from the local municipality. However, due to lockdown, all children were forced to stay at home and the school charged much lower fees to the parents for the scholarship....
Companies usually sell more than one product, each of which is subject to its own market forces. Some products are profitable and others are not. Some require more assets while others require less.
Therefore, IFRS 16 has done away with the operating versus finance lease distinction and requires accounting for all leases to be ‘on-balance sheet’ for lessees. This IFRS-16 course, with reading materials, and case examples, is designed to help in smooth implementation of IFRS-16. It ...
Examples include a liability associated with a pending lawsuit or a liability associated with the company’s future cost of fixing a product under warranty. When comparing US GAAP and IFRS, differences in the definition of the word “probable” and the measurement techniques used can lead to diff...
“Based on the number of leases and current level of disaggregation, combined with the level of understanding of IFRS 16 required to properly account for leases, we determined that it would be completely impractical to track the ROU and Lease Liability without a lease specific software.” ...
FinancialReportingStandardsandaccountingupdatesforindividual countries.Tosubscribe,visit.iasplus. iGAAP2005GuidanceonhowtoapplybothofthesecomplexStandards, FinancialInstruments:IAS32andIAS39Explainedincludingillustrativeexamplesandinterpretations. KeyDifferencesBetweenIFRSsandUSGAAPIncludesastatusreportonwhatisbeingdoneabout...
The Unconventional Guide to Tax Bases– very clearly explained how to determine the tax base of assets and liabilities Deferred Tax: The Only Way to Learn It– a quick reading for quick understanding of the deferred tax concept. Tax Reconciliation under IAS 12 With Example– one of the most ...
iGAAP 2005 Financial Instruments: IAS 32 and IAS 39 Explained Guidance on how to apply both of these complex Standards, including illustrative examples and interpretations. First-time Adoption: A Guide to IFRS 1 Application guidance for the "stable platform" Standards effective in 2005. Share-based...
1,900 Cash and cash equivalents (27,900) 100 - - 250 - - (27,550) 8,256 (2,300) 3,000 2,700 3,250 500 (40) 15,366 (1) The amendment requires that the link between the reconciliation and the balances and amounts presented in balance sheet and cash flow statement is explained...
Illustrative IFRS financial statements 2022 Investment funds Visit viewpoint.pwc.com Illustrative IFRS financial statements 2022 – Investment funds Illustrative IFRS financial statements 2022 – Investment funds This publication provides an illustrative set of financial statements, prepared in accordance with ...