IAS 36 – Impairment of Assets
Impairment is determined by comparing CARRYING VALUE of the asset with it’s RECOVERABLE AMOUNT. It will be higher of Fair Value less Cost of DisposalView More
Author: Vishal Gupta
IAS 16 Property, Plant and Equipment (PPE)
by Vishal Gupta It covers the aspects of accounting for property, plant and equipment and represents the list of items falls into “Tangible” Non-Current Assets.View More
IFRS at a Glance
By Vishal Gupta International Financial Reporting Standards (IFRS) set common rules so that financial statements can be consistent, transparent and comparable around the world. The InternationalView More