Filter insights by:
Filters applied:
General guidance for preparers of financial statements that supports the commitment to high quality, consistent application of IFRS.
Accounting is a language that does not live from being conceptually perfect, but from being generally accepted and understandable
IFRS 3 has specific guidance on how some items are recognised and measured. This article summarises this specific guidance and provides examples to illustrate its application.
How should the identifiable assets and liabilities be measured?
The impact of the International Financial Reporting Interpretations Committee’s (IFRIC) agenda decision on cloud computing costs was bigger than some expected.
What is a reverse acquisition and how do you account for it?
This IFRS viewpoint introduces situations in which mergers and acquisitions are accounted for as reverse acquisitions and how they should be accounted for.
Introducing IFRS 8, key implementation issues and interpretational guidance in certain problematic areas.
Business combinations are infrequent transactions that are unique for each occurrence. IFRS 3 ‘Business Combinations’ contains the requirements and despite being fairly stable in the ten years since its been released, still provides challenges when accounting for these transactions in practice.
Mergers and acquisitions are becoming more and more common as entities aim to achieve their growth objectives. IFRS 3 ‘Business Combinations’ contains the requirements for these transactions, which are challenging in practice.
Acquisitions of businesses can take many forms and can have a fundamental impact of the acquirer’s operations, resources and strategies. These acquisitions are known as mergers or business combinations which should be accounted for using the requirements in IFRS 3 ‘Business Combinations’.
Under IFRS 16 Leases, determining the correct lease term is significant for a number of reasons, find out why in our latest IFRS 16 insight.
How do you treat a variable lease payment in the financial statements of an interim period?
Are you prepared for IFRS 16? Do you understand the discount rate? Find out more