by Accountant Town | Aug 16, 2019 | Balance Sheet
Accounting Principles – Cash and Funds A fund should without exception be understood to mean an asset. We think about funds as meaning cash, but we can no more say that all funds are cash than that all cash belongs to funds except with the introduction of the...
by Accountant Town | Aug 16, 2019 | Balance Sheet
Accounting Principles – Deferred Expense The items in this group are variously referred to as deferred assets, deferred debits, deferred charges to operations and deferred charges to expense. They have also been referred to as “assets by courtesy.” Rather more...
by Accountant Town | Aug 16, 2019 | Interpretations
IFRIC 9 Reassessment of Embedded Derivatives Interpretation on the Reassessment of Embedded Derivatives The International Financial Reporting Interpretations Committee (IFRIC) issued IFRIC 9, “Reassessment of Embedded Derivatives” to make clear the specific aspects of...
by Accountant Town | Aug 16, 2019 | Interpretations
IFRIC 10 Interim Financial Reporting and Impairment Interpretation of Interim Financial Reporting and Impairment The International Financial Reporting Interpretations Committee (IFRIC) issued IFRIC 10, “Interim Financial Reporting and Impairment” to addresses the...
