Business
Business related articles
Change In The Accounting Policies Applicable For E&E Costs
August 5, 2016
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,…
Accounting Policies In Extractive Industries Outside IFRS 6
August 5, 2016
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…
An Example Of Target And Life Cycle Costing
August 4, 2016
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…
Purpose Of Consolidated Financial Statements
August 4, 2016
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…
9 Must Do Tasks Before Thinking for Change Management
July 26, 2016
9 Must Do Tasks Before Thinking for Change Management
You might agree with me that Change Management is a CRITICAL issue for any organization. This critical issue cannot be…
How To Calculate Unrealised Profit In Inventory Consolidation
July 11, 2016
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…
How To Present Non Controlling Interest In Consolidated Financial Statements
July 9, 2016
How To Present Non Controlling Interest In Consolidated Financial Statements
The Non Controlling Interest (NCI) is entitled to a share of consolidated equity because it is a contributor of equity…
What Are Short Term Paid Absences
July 7, 2016
What Are Short Term Paid Absences
Employees may be entitled to be paid during certain absences, such as annual recreational leave or short periods of illness.…
Where The Application of IAS 17 Is Out of Scope
July 5, 2016
Where The Application of IAS 17 Is Out of Scope
Operating leases and Capital leases for under the scope of IAS 17. But all leases are not regulated by IAS…
Does Lessee Acquire The Leased Asset For Good?
July 5, 2016
Does Lessee Acquire The Leased Asset For Good?
Under a lease agreement the lessee does not acquires the asset itself but the right to use the asset for…