IFRS 7 Financial instruments Disclosures High level summary

Topics hide Scope IFRS 7 Financial instruments Disclosures High level summary Easy understand IFRS 7 Disclosures financial instruments IFRS 7 Financial instruments Disclosures High level summary IFRS 7 Financial instruments Disclosures High level summary IFRS 7 Financial instruments Disclosures High level summary IFRS 7 Financial instruments Disclosures High level summary IFRS 7 Financial instruments Disclosures … Read more

What Is Fintech reporting IFRS 15

Topics hide What Is Fintech or Financial Technology And Its Benefits? Financial Technology or Fintech? Example Fintech presentation of Revenue Significant accounting policies – Fintech Revenue C. Interest D. Fintech Fees and commission E. Net trading income F. Net income from other financial instruments at fair value through profit or loss G. Dividend income Notes … Read more

Disclosure profit or loss items

Topics hide Disclosure profit or loss items Disclosure important profit or loss items guidance Disclosure important profit or loss items example 4 Important profit or loss items 4(a) Sale of freehold land 4(b) Impairment of other assets 4(c) Disposal of plant and equipment 4(d) Litigation settlement 4(e) Recognition of tax losses Disclosure profit or loss … Read more

Inventory costing 2 better understand

Inventory costing – is about costs allocated to value inventory in stock at the end of a reporting period and calculate the costs of sales/gross profit earned in a period. Most operations comprise retail or wholesale operations, using relatively simple inventory costing systems such as FIFO, LIFO or Average Costs, other operations such as manufacturing … Read more

Disclosure financial assets and liabilities

Disclosure financial assets and liabilities Introductory guidance Disclosing financial assets and liabilities (financial instruments) in one note Users of financial reports have indicated that they would like to be able to quickly access all of the information about the entity’s financial assets and liabilities in one location in the financial report. The notes are therefore … Read more