IFRIC

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Carbon credit accounting under IFRS

Dear IFRSListers Has anyone in the group dealt with carbon credit accounting under IFRS yet? If so, please advise. Regards Vatsala No business case as such. IFRIC 3 dealt with Emissions and was applied by many companies until its withdrawal in 2005 as it resulted in massive volatilities in the financial statements though it was [...]

By |December 15th, 2008|IFRS|0 Comments

Loan Impairment

Is there any guideline for measurement of loan impairment and recognition of interest income by using effective rate method Asim well Esther the UK leads the path i.e. the UK tax authorities are the only ones in Europe which accept IFRS reporting to the extent that its website http://www.hmrc.gov.uk/ does have a section allocated to [...]

By |December 14th, 2008|IFRS|0 Comments

IFRS vs IAS

Hi everyone I want to know the difference between IFRS and IAS.  As, there are IAS 1 to 41 standards already existing then why IFRS 1 to 8 was developed. Secondly, are these two standards working parallel to each other or IAS is abondoned and now IFRS is working? If someone could please guide me.Well [...]

By |August 28th, 2008|IFRS|0 Comments