ACCA Articles

• November 13, 2023 What’s new in IFRS in 2024? 2 new standards, amendments to 4 standards.
• November 13, 2023 What's new in IFRS in 2023? 1 new standard, amendments to 3 standards.
• September 1, 2014 IFRIC Interpretation 10 - Interim Financial Reporting and Impairment (detailed review) Objective This interpretation prescribes the guide lines that whether an entity should reverse an impairment loss on goodwill which is recognized in the interim financial reports of the entity if circumstances at the ...
• September 1, 2014 IFRIC Interpretation 5 - Rights to Interests arising from Decommissioning, Restoration and Environmental Rehabilitation Funds References (detailed review) Objective The objective of this interpretation is to prescribe the guidelines for the accounting treatment of contributors’ interest in restoration, decommissioning and environmental rehabilitation funds in the ...
• September 1, 2014 IFRIC Interpretation 4 - Determining whether an Arrangement contains a Lease (detailed review) Objective It is a common part of business activities that an entity may enter into an arrangement in which it allows another entity the right of use for a specific asset (i.e. Property, Plant and Equipment) against ...
• September 1, 2014 IFRIC Interpretation 2 - Members’ Shares in Co-operative Entities and Similar Instruments (detailed review) Objective The objective of this interpretation is to prescribe the accounting principles for the classification of ‘members’ interest in ‘Co-operative and other similar entities’ and financial instruments hav ...
• September 1, 2014 IFRIC Interpretation 1 - Changes in Existing Decommissioning, Restoration and Similar Liabilities (detailed review) Objective This Standard deals with the accounting treatment of revenue and costs related to construction contracts. As normally in the construction industry the duration of projects spans beyond one year and project ...
• July 23, 2014 IFRS Detailed Reviews: Ordered List The full list of IFRS detailed reviews prepared by ReadyRatios expert.
• May 19, 2014 IFRS 11 - Joint Arrangements (detailed review) Objective This standard defines joint control, along with the guidelines for the identification of type of joint arrangement in which entity is involved. It also prescribes the accounting principles which are ...
• May 19, 2014 IAS 8 - Accounting Policies, Changes in Accounting Estimates and Errors (detailed review) Objective This standard purports to enhance and maintain the reliability and comparability of financial statements by providing guidelines for the selection and application of accounting policy, treatment of change in ...
• May 7, 2014 IFRS 7 - Financial Instrument Disclosures (detailed review) Objective Users of financial statements frequently needs information about the impact of financial instruments on the financial aspects of the entity, including entity’s exposure to any risks relating to those ...
• May 7, 2014 IFRS 6 - Exploration for and Evaluation of Mineral Resources (detailed review) Objective This standard prescribes the guide lines to be used by the entities which are engage in exploration and evaluation activities, to deal with the accounting treatment of exploration for and evaluation of mineral ...
• May 7, 2014 IFRS 4 - Insurance Contracts (detailed review) Objective This standard prescribes the guide lines for the accounting treatment of insurance contracts which are issued by entity as insurer along with related disclosure requirements: Which reflects amounts ...
• May 7, 2014 IAS 34 - Interim Financial Reporting (detailed review) Objective This standard prescribes the guidelines for an entity regarding the preparation of interim financial statements by providing information about the minimum contents of interim financial reports along with the ...
• May 7, 2014 IAS 33 - Earnings Per Share (detailed review) Objective This standard prescribes the guide lines for the determination of earnings per share and its presentation requirements, which provide comparable basis to evaluate the performance of the entity with other ...
• May 7, 2014 IAS 1 - Presentation of Financial Statements (detailed review) Objective This standard prescribes the guide lines to be used by the entity, in the presentation of general purpose financial statements, to make sure that financial statement of the entity are comparable both with its ...
• May 5, 2014 IFRS 1 - First Time Adoption of International Financial Reporting Standards (detailed review) Objective This standard prescribes the guidelines for the preparation and presentation of first IFRS financial statements and interim financial reports of the entity for the period they cover and which entails the high ...
• April 18, 2014 IAS 19 - Employee Benefits (detailed review) Objective This standard prescribes the guidelines for the entity to deal with the accounting treatment of employee benefits and related disclosure requirements. This standard requires that the entity should recognize ...
• April 16, 2014 IFRS 9 - Financial Instruments (detailed review) Objective This standard prescribes the guidelines to be followed by an entity for the recognition and measurement of financial asset and financial liability in the financial statements, which will produce the relevant ...
• April 14, 2014 IFRS 3 - Business Combination (detailed review) Objective This standard prescribes the guidelines to enhance the relevance, reliability and comparability of the financial information reflected by the acquirer in its consolidated financial statements in respect of a ...