Tag: bdo

IFRS IN PRACTICE 2020-2021 IFRS 15 REVENUE FROM CONTRACTS WITH CUSTOMERS

Posted on By alishan No Comments on IFRS IN PRACTICE 2020-2021 IFRS 15 REVENUE FROM CONTRACTS WITH CUSTOMERS

On 28 May 2014, the International Accounting Standards Board (IASB) published IFRS 15 Revenue from Contracts with Customers. IFRS 15 sets out a single and comprehensive framework for revenue recognition, which supersedes (IAS 18 Revenue and IAS 11 Construction Contracts) and the accompanied Interpretations. In common with other recently issued IFRSs, IFRS 15 includes comprehensive…

Read More “IFRS IN PRACTICE 2020-2021 IFRS 15 REVENUE FROM CONTRACTS WITH CUSTOMERS” »

BDO IFRS Publications, IFRS

IFRS IN PRACTICE 2020-2021 IAS 36 Impairment of Assets Including guidance on the impact of COVID-19

Posted on By alishan No Comments on IFRS IN PRACTICE 2020-2021 IAS 36 Impairment of Assets Including guidance on the impact of COVID-19

IAS 36 Impairment of Assets sets out requirements for impairment which cover a range of assets (and groups of assets, termed ‘cash generating units’ or CGUs). A number of assets are excluded from its scope (e.g. financial instruments and inventories) and IAS 36 is therefore predominately applicable to property, plant and equipment, intangible assets and…

Read More “IFRS IN PRACTICE 2020-2021 IAS 36 Impairment of Assets Including guidance on the impact of COVID-19” »

BDO IFRS Publications, IFRS