IAS 36: If and when to undertake an impairment review
INTERNATIONAL FINANCIAL REPORTING STANDARDSThis article explains if and when a detailed impairment test as set out in IAS 36 is required.
IFRS 16 ‘Leases’ applies to most entities reporting under IFRS Accounting Standards that engage in leasing transactions and often has a significant impact on lessees’ financial statements, particularly in relation to property and high‑value equipment.
Our Insights into IFRS 16 series summaries key areas of the standard and aims to demystify those key requirements that are challenging to apply in practice.
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IAS 36 - Overview of the Standard
INTERNATIONAL FINANCIAL REPORTING STANDARDSThis article provides an ‘at a glance’ overview of IAS 36’s main requirements and outlines the major steps in applying those requirements.
Insights into IFRS 13 - Fair value measurement
International Financial Reporting StandardsA summary of IFRS 13: Fair value measurement and detailed commentary on various aspects of applying this Standard from the perspective of a preparer working alongside a valuation expert.
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1 min read
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23 Jun 2021
Identifying the acquirer
IFRS 3Business 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.
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6 min read
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14 Mar 2021
Identifying a business combination within the scope of IFRS 3
IFRS 3Mergers 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.
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5 min read
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14 Mar 2021
Identifying the acquisition date
IFRS 3Acquisitions 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’.
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5 min read
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14 Mar 2021
The acquisition method at a glance
IFRS 3As one of the most referred to Standards, IFRS 3 has been in place for more than ten years and has undergone a post-implementation review by the IASB.
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11 min read
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09 Feb 2021
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Less than a minute
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03 Dec 2020