IFRIC Tentative Agenda Decision

IFRIC tentatively decided that demand deposit with restricted use is cash and cash equivalents.

IFRIC Tentative Agenda Decision: Demand Deposits with Restriction of Use

by THEACCSENSE September 27, 2021January 2, 2023

IFRIC tentatively decided in its September 2021 meeting that a demand deposit with restriction of use is cash and cash equivalents.

IFRIC tentatively decided that on the accounting treatment for cash received via electronic transfer for settlement of a financial asset.

Financial Accounting

IFRIC Tentative Agenda Decision: Cash Received via Electronic Transfer as Settlement for a Financial Asset

by THEACCSENSE September 27, 2021January 2, 2023

IFRIC tentatively decided that on the accounting treatment for cash received via electronic transfer for settlement of a financial asset.

Financial Accounting

IFRIC Tentative Agenda Decision: Costs necessary to sell inventories

by THEACCSENSE April 20, 2021January 2, 2023

In addition to the IFRIC Tentative Agenda Decision: Preparation of financial statements when an entity is no longer a going concern, IFRIC on 12 February 2021 also issued another tentative agenda decision – Costs necessary to sell inventories. This tentative agenda decision is open for public comments until 14 April 2021. What are the accounting […]

Preparation of financial statements - going concern consideration

Financial Accounting

IFRIC Tentative Agenda Decision: Preparation of financial statements when an entity is no longer a going concern

by THEACCSENSE April 19, 2021January 2, 2023

On 12 February 2021, the IFRS Interpretation Committee (“IFRIC”) issued a tentative agenda decision on the issue relating to the preparation of financial statements when an entity is no longer a going concern. The tentative agenda decision is open for public comments until 14 April 2021. This issue submitted to IFRIC is quite an interesting […]

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