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IFRS 5 Non-current Assets Held for Sale and Discontinued Operations

IFRS 5 Non-current Assets Held for Sale and Discontinued Operations (freeaccastudymaterial.com)

IFRS 5 Non-current Assets Held for Sale and Discontinued Operations Overview IFRS 5 Non-current Assets Held for Sale and Discontinued Operations outlines how to account for non-current assets held for sale (or for distribution to owners). In general terms, assets (or disposal groups) held for sale are not depreciated, are …

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IFRS 4 Insurance Contracts

IFRS 4 Insurance Contract (freeaccastudymaterial.com)

IFRS 4 Insurance Contracts Overview IFRS 4 Insurance Contracts applies, with limited exceptions, to all insurance contracts (including reinsurance contracts) that an entity issues and to reinsurance contracts that it holds. In light of the IASB’s comprehensive project on insurance contracts, the standard provides a temporary exemption from the requirements …

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IFRS 3 Business Combinations

IFRS 3 Business Combinations (freeaccastudymaterial. com)

IFRS 3 Business Combinations Overview IFRS 3 Business Combinations outlines the accounting when an acquirer obtains control of a business (e.g. an acquisition or merger). Such business combinations are accounted for using the ‘acquisition method’, which generally requires assets acquired and liabilities assumed to be measured at their fair values …

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IFRS 2 Share-based Payment

IFRS 2 — Share-based Payment (freeaccastudymaterial.com)

IFRS 2 — Share-based Payment Overview IFRS 2 Share-based Payment requires an entity to recognise share-based payment transactions (such as granted shares, share options, or share appreciation rights) in its financial statements, including transactions with employees or other parties to be settled in cash, other assets, or equity instruments of …

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IFRS 1 First time adoption of IFRS

IFRS 1 (freeaccastudymaterial.com)

IFRS 1 Overview IFRS 1 First-time Adoption of IFRS (International Financial Reporting Standards) sets out the procedures that an entity must follow when it adopts IFRSs for the first time as the basis for preparing its general purpose financial statements. The IFRS grants limited exemptions from the general requirement to …

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