Archive

IAS 40 – Investment Property What is investment property and how is it distinguished from owner-occupied property? Investment property is

IAS 38 – Intangible Assets Why are intangible assets so important in the modern economy? In the modern economy there

IAS 37 – Provisions, Contingent Liabilities and Contingent Assets Why is accounting for provisions and contingencies particularly sensitive to uncertainty?

IAS 36 – Impairment of Assets Why is impairment accounting necessary under IFRS? According to the definition of an asset

IAS 34 – Interim Financial Reporting What is the purpose of interim financial reporting? Interim financial reporting is intended to

IAS 33 – Earnings per Share What is earnings per share and why is it important? Earnings per share (EPS)

IAS 32 – Financial Instruments: Presentation What is the main focus of IAS 32? IAS 32 is the earliest of

IAS 28 – Investments in Associates and Joint Ventures Why do entities make strategic investments in other entities? Business entities

IAS 23 – Borrowing Costs Why do borrowing costs form part of the cost of an asset? Most non-financial assets

IAS 21 – The Effects of Changes in Foreign Exchange Rates Why do changes in foreign exchange rates create accounting