Accounting Policies Estimates and Errors: IAS 8
Introduction –Accounting Policies Estimates and Errors: IAS 8 IAS 8 in Financial Reporting FR (F7) governs the following topics: Selection of accounting policies/changes in accounting policies Changes in accounting estimates
Accrual Concepts In Accounting: The Fundamental Accounting Principle-F3
The accrual concept in accounting is a fundamental accounting principle that states that transactions and events should be recorded in the financial statements when they occur, rather than when cash
IFRS 5 – Noncurrent Asset Held for Sale & Discontinued Operations
This IFRS deals with two things, noncurrent assets held for sale and discontinued operations The basic concept here is to understand that the non-current asset held for sale, a part
Exploring The World of IFRS: Insights for IFRS ACCA Diploma Candidates
Welcome to this detailed article on the International Financial Reporting Standards (IFRS) or IFRS diploma. If you are an ACCA candidate on the direction to turning into a licensed finance
Variance Accounting: Definition, Top Reasons and Types of Variances – F2 ACCA Exam
What is Variance or Variance Accounting? Variances accounts serve as a critical tool which actually differentiate between actual budget and expected budgets. Variance accounting can actually be favourable when actual
