Financial Accounting
- Accounting
Items of Statement of Profit or Loss And Other Comprehensive Income
Items of Statement of Profit or Loss And Other Comprehensive Income are given and described shortly below. • Income and…
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Items of Statement of Financial Position or Balance Sheet
The following are the items of Statement of Financial Position or Balance Sheet. They are described shortly. • Assets. Assets…
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How Did IFRS 13 Define The Transport Costs?
Let us see, How IFRS 13 Defined The Transport Costs. Transport costs are defined in Appendix A of IFRS 13…
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Why And When Was The IASB formed?
The understanding of the structure of the IASB and its role in the determination of IFRSs much of which information…
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How to Calculate Current Tax Expense | Calculation of Current Tax Expense
Current tax expense is the recognition of taxes payable to the taxation authorities in respect of a particular period. The…
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Difference Between Ordinary Shares And Preference Shares
Shares are parts of a company. Shares are issued with specific rights attached. Shares are then given different names to…
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Accounting for Lease Incentives As Per IAS 17
Accounting for lease incentives: In order to encourage prospective lessees to enter into non-cancellable operating leases, the lessors sometimes propose…
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What is a Lease? | What is a Lease Agreement?
What is a Lease? Does every service contract constitute a lease agreement? International Accounting Standards (IAS) 17 answered to these…
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The Characteristics of Joint Venture Company
Characteristics of Joint Venture Company have been set by IFRS 11. The word ‘arrangement’ describes an activity or an operation…
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What Is A Joint Venture Or A Joint Arrangement?
 My student asked me, what is a Joint Venture? Do you know, what is a Joint Venture or a Joint…
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