IFRS 12 Disclosure of Interest in Other Entities

General principles of IFRS financial statements

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1 – The Architecture of IFRS Financial Statements: Principles Before Standards General principles financial statements  – Financial statements under IFRS are often approached as a collection of standards: IAS 1 for presentation, IAS 7 for cash flows, IFRS 15 for revenue, IFRS 16 for leases, IFRS 9 for financial instruments. In practice, however, this standards-first … Read more

Control in debt restructuring in Structured entity Only 1 Perfect Quality Read

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Control in debt restructuring in Structured entity provides a case of obtaining control in a transaction. Following is a case on the assessment whether certain stakeholders in a transaction/structure have obtained control over a certain entity in the transaction in line with the requirements of IFRS 10 Consolidated financial statements. Only one stakeholder can be … Read more