Accounting
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New Requirements For Reporting Under IFRS 7
A growing scope of design often has a downside also. With leasing, Mezzanine and Co. offer a variety of sources…
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The Key Components of Core Goodwill
Before writing about the Key Components of Core Goodwill, we must say what the Goodwill is. Goodwill is an intangible…
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A Gain Or Loss On Initial Recognition Of A Biological Asset
In the case of biological assets a loss may take place on initial recognition for the reason that costs to…
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Problemetic Aspects Of IAS 41 Accounting for Biological Assets
International Accounting Standard (IAS) 41 was a controversial standard when it was initially issued in 2000, mainly for the reason…
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Possible Future Developments For Accounting For Extractive Activities
There are some possible future developments related to the accounting for extractive activities. For example, in 1998, the International Accounting…
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Change In The Accounting Policies Applicable For E&E Costs
Paragraph 13 of IFRS 6 allows an entity to change its accounting policies related to E&E costs. In this regard,…
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Accounting Policies In Extractive Industries Outside IFRS 6
Extractive industries faces complexities in determining the accounting policies in order to apply to expenditures it incurs that are outside…
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An Example Of Target And Life Cycle Costing
A focus on the planning and design stage of a new product: Â Conventional costing records costs only as they are…
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Purpose Of Consolidated Financial Statements
The consolidated financial statements combine the financial statements of all the entities within a group. The entities in the group…
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How To Calculate Unrealised Profit In Inventory Consolidation
Do all transactions require adjustment entries for NCI? No, not all transactions require an adjustment entry for the Non-Controlling Interest…
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