Hi all My company has a 50% shareholding in a joint venture company, A. A has a wholly owned subsidiary (B) and is going to transfer its interest in this subsidiary to its shareholders (i.e. 50% to my company and 50% to the other joint venturer). How shall my company account for such purchase of [...]
Dear all If the life of an Asset is revised. Should we give effect retrospectively or prospectively. Please give refernce from IFRS/IAS. and is it mandotary to revise the whole class of assets life. e.g if one truck is working in desert /rough areas an...
Dear All this is just to inform you that the IASB issued today an International Financial Reporting Standard (IFRS) designed for use by small and medium-sized entities (SMEs). You can download all the related documents - Standards - Basis of Conclusions - Illustrative Financial Statements Presentation and Disclosure Checklist here (you need to register at [...]