Entities without public accountability may apply the International Financial Reporting Standards for Small and...
Amendments to IFRS for SMEs
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Expenses
Business combinations: Post-acquisition payments to sellers
IFRS 3 Business Combinations (‘IFRS 3’) governs how entities account for the acquisition of businesses. One element of...
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...