Hello everyone! Can somebody help me? Which public companies provide their reports both in accordance with IFRS and GAAP ? Thank you beforehand for help!
Dear All Greeting In UAE work visa would be for 3 years and cost would be paid by the employer and in my company it is practice to debit as administration expense. Employees must has to complete 3 years and if he/she leave the job prior to three years he has to pay back the [...]
Dear all, As I know , as per IFRS there is no prior year adjustment anymore , and back dated entries are not allowed once the year closed and figures reported , Hence the actual variance will be booked in the next year PL , example : if company A , estimated an income in [...]
Do anyone know where I can download copy of US GAAP and US GAAP APB? Thanks Dessanti for your answer Our position is less than 1%, we bought in the active market Euro a little position to speculate in market price. The IAS 39 don't include equity investment as applicable financial asset to recognized the [...]
Hi... I will really appreciate if someone can tell me the format of writing inventory auditing report. Thank u very much, Ibn Hi Please give some more information regarding what you need Hi.. thanx. Recently i have taken physical stock at out warehouse n have noticed some discrepencies. i wanna repot it. i want to [...]
Does it exist a definition for financial instruments? I am confused with the different perceptions of financial instruments. Thanks. Sincerely yours Emilio Dear Emilio, a Financial instrument is any contract that gives rise to a financial ass...
Dear all, during an interview I was asked this question and I am still in doubt about the reply. If you need to audit an entity which is going to change from a cash basis to an accrual basis accounting system, what would you audit first and why? Thanks...
Dear all, Is it fair to value inventory at updated standard costs even if the inventory item was manufactured at a time when standard costs were much lower? Regards, Grace Hi Divine I experienced this issue in 1995 It is fair and possible but al...
What measures are being taken by UK's ASB to bring UK GAAP into line with international standards? What are the advantages of a closer international harmonization of accounting olicies for multi national companies and investors? well Esther the UK leads the path i.e. the UK tax authorities are the only ones in Europe which accept [...]
Dear All , I need to attend IFRS classes , Do you know if there is any classes available in Dubai ( Not training sessions ) what i need is any institute or University or anything else , have IFRS / IAS classes with certificate ( i repeat Not training conferences , by the way [...]
Hi ,I m doing a project on objective of financial reporting ,but one of te question is heating on me and i will really appritiate if some of u can give me ur suggestion. well ,the question is whether the stewarship and financial report should have seperae objectives or not ? Cause some of te articles [...]