IAS 2 Inventories (‘IAS 2’) requires that items of inventory must be measured at the lower of cost or net realisable value...
Inventory write-downs: Estimated costs to sell
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Assets
Deferred tax assets for tax losses
Entities may find themselves in a position where they had tax losses due to the weak economic conditions, even before the...
Accounting for cryptocurrencies
Over the past year or so, the IFRS Interpretations Committee (IFRIC) have discussed how cryptocurrencies should be accounted...
Accounting for Black Economic Empowerment transactions
During March 2018 the Department of Trade and Industry issued a financial reporting pronouncement (FRP2) on the accounting...