IAS 16 covers the aspects of accounting for property, plant and equipment and represents the list of items falls into 'Tangible' Non-Current Assets.
IFRS (International Financial Reporting Standard )16 has significantly changed the accounting for leases across the globe. Most of the entities are busy managing these impacts for reporting their numbers of the previous financial year.
The International Accounting Standards Board (IASB) is an independent and privately funded body that develops and approves IFRS standards. Prior to 2003, standards were issued as International Accounting Standards (IASs). In 2003, IFRS 1 was issued and all new standards are now known as IFRS standards.
Disclosures of COVID-19 related impacts on business through various statutory documents during finalization of accounts
Here's what you need to know about Accounting Fraud and Fraud Triangle
Cloud accounting software can help you to beat COVID-19 crisis
There always will be a need for that human element - human intelligence - at the other end of AI technology. In fact, according to a leading research firm, Gartner, AI is set to create more jobs than it will replace, leaving workers, including accountants with options.
This article mainly covers business model for amortisation method and its accounting aspects under Ind AS 109.
Know the Accounting pivots that will help an organization emerge stronger and better than ever in this crisis. Businesses should automate their processes make it appealing for investments.
Impact of COVID-19 on Financial statement
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