IAS 36 - Estimating the recoverable amount
INTERNATIONAL FINANCIAL REPORTING STANDARDSDefinitions of recoverable amount and fair value less costs of disposal (FVLCOD) and an overview of value in use (VIU).
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IAS 36 - Value in use: estimating future cash inflows and outflows
INTERNATIONAL FINANCIAL REPORTING STANDARDSIn our three-part series on Step 4 of the impairment review on estimating the recoverable amount, this article discusses estimating future cash inflows and outflows in value in use (VIU) calculations.
IAS 36 - Allocating assets to cash-generating units
INTERNATIONAL FINANCIAL REPORTING STANDARDSThe second of a three-part series on cash-generating units (CGUs), this article discusses how to allocate assets to CGUs.
IAS 36 - Allocating goodwill to cash-generating units
INTERNATIONAL FINANCIAL REPORTING STANDARDSThe third of a three-part series on cash-generating units (CGUs), this article discusses how to allocate goodwill to CGUs.
IAS 36 - Identifying cash-generating units
INTERNATIONAL FINANCIAL REPORTING STANDARDSIn this article, we discuss how to identify cash-generating units (CGUs).
IFRS technical updates
IFRSThis newsletter highlights IAS and IFRS amendments, proposed amendments, and decision points that have been released from April 2021 to October 2021.
Amendment to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors
IFRSThis amendment was released on 12 February 2021 by the IASB. This amendment helps entities to distinguish between accounting policies and accounting estimates. This article is part of our IFRS technical updates newsletter.
Proposed amendment to IFRS 17 Insurance Contracts
IFRSIn the October 2021 meeting, the IASB deliberated on the proposed amendment aiming at companies to improve usefulness of the comparative information presented on initial application of IFRS17 and IFRS 9. This article is part of our IFRS technical updates newsletter.
Amendment to IAS 12 Income Taxes
IFRSThis amendment was released by the IASB on 7 May 2021. This amendment looks at the deferred tax related to assets and liabilities arising from a single transaction. This article is part of our IFRS technical updates newsletter.
Proposed amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates
IFRSIn the April 2021 meeting, the IASB proposed amendments setting out accounting for when no foreign exchange rate exists. This amendment aims to help companies determine whether a currency can be exchanged into another currency, and what accounting to apply if the currency cannot be exchanged. This article is part of our IFRS technical updates newsletter.
IFRIC Update — Committee’s agenda decisions
IFRSThe IFRS Interpretations Committee decided to finalise an agenda decision that includes the material explaining how IFRS principles are applied to the fact pattern submission. This article is part of our IFRS technical updates newsletter.
Example Financial Statements 2021
IFRSWe are pleased to share Example consolidated financial statements 2021 to assist you in your preparation of your financial statements inline with the latest International Financial Reporting Standards (IFRS) changes.
