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Articles by Vishal Gupta

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IAS 36 - Impairment of Assets

Vishal Gupta 29 May 2020 at 10:06

IAS 36 - Impairment of Assets

IAS 16 - Property, Plant & Equipment

Vishal Gupta 28 May 2020 at 10:02

IAS 16 covers the aspects of accounting for property, plant and equipment and represents the list of items falls into 'Tangible' Non-Current Assets.

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.