IFRS 3 Business Combinations (‘IFRS 3’) governs how entities account for the acquisition of businesses. One element of...
Business combinations: Post-acquisition payments to sellers
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Expenses
Disclosure of impairment
IFRS requires entities to consider and account for the impairment of assets. This ensures that their carrying amounts...
Accounting for employee share plans
Companies use employee share plans (or employee stock ownership plans as they are also called in some jurisdictions) to...
Accounting for VAT on leases
The accounting treatment of VAT was considered by the IFRS Interpretations Committee (the IFRIC) during some of its meetings in...
Inventory write-downs: Estimated costs to sell
IAS 2 Inventories (‘IAS 2’) requires that items of inventory must be measured at the lower of cost or net realisable value...
Accounting for Black Economic Empowerment transactions
During March 2018 the Department of Trade and Industry issued a financial reporting pronouncement (FRP2) on the accounting...