Ias ifrs - Guides d'étude, Notes de cours & Résumés

This is a summary of the IAS + IFRS in this module

IFRS Global Final Exam Questions & Answers 2024/2025 ISOCO Agreement - ANSWERSSet the necessary standards and improvements to existing standards for IASC to achieve acceptance of IAS as a basis of account for cross-border listings International Accounting Standards Board (IASB) - ANSWERS1. Develop high quality, globally accepted financial reporting standards 2. Promote use and rigorous application of IFRS 3. Take into account needs of a wide range of entities and constituents 4....

This is a summary of the IAS + IFRS in this module

This is a summary of the IAS + IFRS in this module

Summaries of 1. IAS 32 and IFRS 9 (Financial instruments) 2. IFRS 5 Non-current assets held for sale 3. IFRS 13 Fair value measurement 4 . IAS 36 Impairment loss 5. IAS 38 Intangible assets 6. Conceptual framework 7. IFRS 15 Revenue with contracts 8. IFRS 16 Leases 9. Foreign transactions 10. IAS 19 Employee benefits 11. IAS 28 Equity method of accounting 12. IAS 16 Property plant and equipment 13. IFRS 3Business combination Used to do calculations and answer discussion quest...

How is revenue treated that is receivable 2 years after the goods are delivered? correct answer: The amount of revenue initially recognised is the amount receivable discounted to present value. Interst is then applied to the receivable as interest income over 2 years IFRS 9 requires investments in equity instruments to be measured and accounted for ( in the absence of any election at initial recognition)? correct answer: Fair value with changes going through profit or loss What are acce...

Key topics of the course Financial Accounting and Reporting (324059-M-6), Master Accountancy, Tilburg University. Easy to study summary that contains all important points from the course, clearly divided by IFRS and IAS topics like IFRS 16 Leases, IAS 36 Impairment of assets etc.

IAS 37 (Provisions, Contingent Liabilities & Contingent Assets) Exam Questions & Answers 2024/2025 What does it Not Apply to? - ANSWERS* Non-onerous executory contracts. * Financial Instruments in IAS 39. * Insurance contracts as in IFRS 4. Provision - ANSWERSA liability of uncertain timing and amount. Liability - ANSWERSPresent obligation as a result of a past event, the settlement of which will result in an outflow of economic benefits. Present Obligation - ANSWERSMay have ...

International Accounting Standards (IAS, IFRS,) Exam with Complete Solutions

ACCA SBR Exam Questions with Correct Answers What if not followed IAS or IFRS? - Answer-Not True and Fair = UNETHICAL Why PRINCIPLES not RULES? - Answer-Principles harder to circumvent Why have a FRAMEWORK? - Answer-Provides guidances for standards setters Gives guidance where no standards exist Helps all parties with intrerpretation 2 x Useful qualities of financial information - Answer-RELEVANCE = Influences Decisions FAITHFUL REPRESENTATION = Complete, Neutral, No Errors Wha...