What do we mean by "convergence"? What are industry standards for financial statement analysis based on? What is the main purpose of financial accounting? How do the International Financial Reporting Standards impact individuals, businesses, investors, and lenders? What is the purp...
These twin objectives mean that prices charged to customers at a particular time do not necessarily cover the costs incurred by the supplier at that time. In this case, the recovery of such costs is deferred and they are recognised through future sales. IFRS does not have specific requirements...
What does "normal" profit mean in economics? What are the main objectives of the IMF? What is a countervailing duty? Why is it needed, and how does it work? What is fiscal policy? What are some of its benefits? What is saving? What role does it play in financial markets? What is ...
Global minimum top-up tax under BEPS 2.0 Are disclosures in 2022 necessary before tax laws are changed? How should companies account for hyperinflationary economies? ESMA enforcement priorities for 2022 Calling for transparency and consistency within annual reports ...
Without this exemption, it could mean that each individual extraction unit (such as an oil rig) would be treated as a CGU. IFRS 6 therefore also gives some flexibility when defining a CGU.Once the technical and commercial feasibility of extracting a mineral resource has been demonstrated, the...
So, what does this mean for insurers and other financial institutions that need to adopt IFRS 17? Simply stated, it’s time to redouble efforts to focus on data – and its accuracy, aggregation, governance, transparency, and usability. Analytics and modelling are vital components in this e...
As illustrated in Figure 1, under IFRS 17, insurance contract liabilities consist of three components under the general measurement model which is often referenced as the Building Blocks Approach (BBA) – probability-weighted mean present value of future cash flows (expected PV of cash flows), ...
Romania is a member of the European Union since 2007, thus accountin... M Gîrbin,N Albu,N Albu 被引量: 3发表: 2012年 Deviations from the Mandatory Adoption of IFRS in Europe? Why Non-Adoption Does Not Mean Non-Compliance Using Worldscope data, Pownall and Wieczynska (2018) [...
The main issue here is how to account for thecurrent and future consequencesof Thefuture recovery (settlement) of the carrying amount of assets (liabilities)recognized in the entity’s financial statements. Here, if the future recovery or settlement will make future tax payments larger or smaller...
What does this mean? The amendments are not expected to cause a significant change in segment reporting. The amendments are broadly consistent with what is applied in practice in relation to the determination of the CODM. Additional disclosures proposed may shed some light in areas where segment ...