I am really struggling with remember the International Accounting Standards. I need to know 1,2,7,8,10,16,18,36,37 and 38. Just wondering if anyone could help me out. Thank you
Accounting A2 Unit 3 Watch
- Thread Starter
- 12-03-2016 18:16
- Official Rep
- 14-03-2016 19:30
Sorry you've not had any responses about this.
Why not try posting in a specific subject forum- you might have more luck there.
Here's a link to our subject forum which should help get you more responses.
- 14-05-2016 14:45
Stick them on your wall and look at them everything
- 16-05-2016 01:44
https://quizlet.com/_2adhq2 Here you go bb
*IAS 36 Impairment of assets, remember that you have to compare it's carrying amount (Value of asset after deducting depreciation and impairment), and it's recoverable amount
THE RECOVERABLE AMOUNT is in turn the higher of it's fair value (value it can be sold for less costs involved in selling it), and it's value in use (present value of the future economic benefits from continued use). If the recoverable amount is lower than the carrying amount, it is brought down to the recoverable amount and this reduction is an expense !
IAS 10: remember adjusting and non adjusting events