Accounting

NON-CURRENT ASSET HELD FOR SALE AND DISCONTINUED OPERATION – IFRS 5

IFRS 5 Non-current Assets held for sale or for Discontinued Operations outlines how to account for noncurrent assets held for sale(or to distributed to owners), in general terms, assets (or disposal groups) held for sale are not depreciated, are measured at the lower of carrying amount and fair value less cost to sell, and are […]

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IFRS 17: INSURANCE CONTRACTS

Objective IFRS 17 Insurance Contracts establishes the principles for the recognition, measurement, presentation and disclosure of Insurance contracts within the scope of the Standard. The objective of IFRS 17 is to ensure that an entity provides relevant information that faithfully represents those contracts. This information gives a basis for users of financial statements to assess the effect

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