IASB exposure draft on Practice Statement on management commentary proposes guidance on how and what information included in the commentary.
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Posted inIslamic Finance
Financial Reporting for Waqf Institutions: What’s there?
In this article, we bring you the summary of key financial reporting requirements for Waqf institutions under the newly released AAOIFI FAS 37.
Posted inTechnology
Digital Competency Assessment Tools: Your first step to Embrace Technology
It is time to perform check on digital competency for accountants. Find out the available digital competency assessment tools in this article.
Posted inFinancial Accounting
Factsheet Series: 9 Key takeways of IFRS 8 Operating Segments
The article summarises the key financial reporting requirements for disclosure of information relating to operating segments under IFRS 8.
Posted inFinancial Accounting
Exposure Draft: The Proposed Disclosures Simplification for Subsidiaries Without Public Accountability
The article summarises the proposal by IASB on a new standard to simplify the disclosures requirements for subsidiaries without public accountability.
Posted inFinancial Accounting
Factsheet Series: Accounting for Defined Benefit Plan
Lets understand how entities account for defined benefit plans given to employees as part of their post-employment benefits.
Posted inFinancial Accounting
Factsheet Series: Accounting for Employee Benefits
Understand how entities should account for their employee benefits. The accounting for short-term benefits are rather straight-forward. Entities should focus on the accounting for the tricker part – post-employment benefits.
Posted inFinancial Accounting
Factsheet Series: IFRS 13 Fair Value Measurement
Understand the principles in fair value measurement of assets and liabilities in this article. It also provides readers with the summary of the required disclosures relating to fair value of assets and liabilities.
Posted inFinancial Accounting
Factsheet Series: Assets Held for Sale and Discontinued Operations
Understand what will happen when assets are classified as held for sale or when there is a discontinued operation in this article.
Posted inFinancial Accounting
Factsheet Series: Preparation of Cash Flows Statement in IAS 7
Cash is the heart of any businesses. Understanding your cash flows position is a crucial to your business strategy and action. Learn the preparation of cash flows statement in this article.