This edition of IFRS in Focus outlines the recent amendments to IAS 16 Property, Plant and Equipment and IAS 38 Intangible Assets dealing with acceptable methods of depreciation and amortisation.

Based on feedback from stakeholders that providing illustrative examples would help entities understand and apply the amendments, the Board added two examples (Examples 4-5) to the Guidance on …

A Closer Look IAS 36 Impairment of non-financial assets – reminders and hot topics Contents What to test for impairment loss under IAS 36 and when How to determine recoverable amount

To reflect the extended content of IAS 8, the IASB is changing the title of the standard to ‘Basis of Preparation of Financial Statements’ once IFRS 18 is effective.

Under IAS 39, the fair value option for financial assets can also be applied when the asset is part of a group of assets or assets and liabilities that is managed on a fair value basis or when it has an …

IAS 39 restricts the application of hedge accounting for groups of items and net positions such that in some cases hedge accounting cannot be achieved, resulting in an accounting outcome that doesn’t …

When an interim financial report is presented in accordance with IAS 34 for part of the period covered by an entity’s first IFRS financial statements, IFRS 1 requires additional disclosures in that interim …

Dec 19, 2024 · Deloitte provides industry-leading audit and assurance, tax and legal, consulting, financial advisory and risk advisory services to nearly 90% of the Fortune Global 500® and …

Volume C: Financial Instruments—IAS 39 and related Standards, which provides guidance on the application of IFRS Accounting Standards dealing with financial instruments, for entities that have not …

In January 2008, the International Accounting Standards Board (the IASB) issued a revised IFRS 3 Business Combinations and a revised IAS 27 Consolidated and Separate Financial Statements, …