Category: IFRS
IFRS-9 – Financial Instruments

IFRS-9 – Financial Instruments

Introduction Many users of financial statements and other interested parties have told the board that the requirements in IAS-39 are difficult to understand apply, interpret. They ...

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IFRS 2 – Share Based Payment

IFRS 2 – Share Based Payment

Need of IFRS 2 - Share Based Payment Share-plans and share-option plans have become a common feature of remuneration packages for directors, senior executives and other employees ...

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IFRS 1- First time Adoption of International Financial Reporting Standards

IFRS 1- First time Adoption of International Financial Reporting Standards

First Time Adoption of International Financial Reporting Standards When an entity that reports under an accounting framework other than the International Financial Reporting ...

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IFRS 3 – Business Combinations

IFRS 3 – Business Combinations

The objective of the IFRS is to enhance the relevance, reliability and comparability of the information that a reporting entity provides in its financial statements about a ...

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IFRS 5 Non-current assets held for sale and discontinued operations

IFRS 5 Non-current assets held for sale and discontinued operations

The objective of this IFRS is to specify the accounting for assets held for sale and the presentation and disclosure of discontinued operations.The IFRS require: Held for ...

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IFRS 8 – Operating Segments

IFRS 8 – Operating Segments

The IFRS requires publicly held entities to report certain information about the followings:Their products and services. The geographic areas. Their major customers.The ...

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IFRS 4 Insurance Contracts

IFRS 4 Insurance Contracts

ObjectiveThe objective of this IFRS is to specify the financial reporting for insurance contracts by any entity that issues such contracts until the board completes the second ...

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IFRS 6 – Exploration for and Evaluation of Mineral Resources

IFRS 6 – Exploration for and Evaluation of Mineral Resources

Objectives The objective of this IFRS is to specify the financial reporting for the exploration for and evaluation of mineral resources. Exploration and evaluation expenditure ...

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