by Accountant Town | Aug 16, 2019 | What Is It
IFRS 7: Financial instruments: disclosures The International Accounting Standards Board (IASB) released International Financial Reporting Standard 7 (IFRS 7) to address the topic of disclosures required for financial instruments. The notes to the financial statement...
by Accountant Town | Aug 16, 2019 | What Is It
IFRS 8: Operating segments The International Accounting Standards Board (IASB) released International Financial Reporting Standard 8 (IFRS 8) to address the topic of operating segments. As many large conglomerates are involved in several lines of business, the...
by Accountant Town | Aug 16, 2019 | What Is It
IFRS 9: Financial Instruments The International Accounting Standards Board (IASB) released International Financial Reporting Standard 9 (IFRS 9) to address the topic of financial instruments. As financial instruments come in ever increasing varieties, each with its...
by Accountant Town | Aug 16, 2019 | What Is It
IFRS 10 Consolidated Financial Statements IFRS 10 was created to establish principles for the reporting of consolidated financial statements. Consolidated financial statements are the statements of multiple entities which are combined into one all-encompassing report....
by Accountant Town | Aug 16, 2019 | What Is It
IFRS 11 Joint Arrangements IFRS 11 covers the financial treatment for Joint Arrangements between separate companies which come together in order to achieve a common goal. This standard supercedes IAS 31 starting periods on and after January 1, 2013. The IASB defines...
