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IFRS 3 has specific guidance on how some items are recognised and measured. This article summarises this specific guidance and provides examples to illustrate its application.
How should the identifiable assets and liabilities be measured?
General guidance for preparers of financial statements that supports the commitment to high quality, consistent application of IFRS.
This article in our ‘Insights into IFRS 8’ series sets out further application issues and information regarding other standards involving operating segments.
This article in our ‘Insights into IFRS 8’ series sets out the requirements for entity-wide disclosures.
This article sets out the segment information that needs to be disclosed in the consolidated financial statements of the reporting entity.
The impact of the International Financial Reporting Interpretations Committee’s (IFRIC) agenda decision on cloud computing costs was bigger than some expected.
The debate over goodwill amortisation has never seemed to go away.
The global IFRS team at Grant Thornton International Ltd have released their updated Example Interim Consolidated Financial Statements 2022
Seven key areas businesses need to consider regarding climate change and the implications when preparing their financial statements.
The articles in our ‘Insights into IAS 36’ series have been written to assist preparers of financial statements and those charged with the governance of reporting entities understand the requirements set out in IAS 36, and revisit some areas where confusion has been seen in practice.
Step 6 of applying the guidance in IAS 36 relates to recognising or reversing and impairment losses. This article focuses on part of this step; recognition of impairment losses. For reversing impairment losses refer to our article ‘Insights into IAS 36 – Reversing impairment losses’.
The articles in our ‘Insights into IAS 36’ series have been written to assist preparers of financial statements and those charged with the governance of reporting entities understand the requirements set out in IAS 36.
IFRS 8 ‘Segmental Reporting’ aligns external reporting with what is reported internally by management by identifying and reporting operating segments.
Our ‘Insights into IFRS 8’ series considers some key implementation issues and includes interpretational guidance in certain problematic areas.