by pieter@pvdz.co.za | Oct 15, 2021 | Assets, Expenses
IAS 2 Inventories (‘IAS 2’) requires that items of inventory must be measured at the lower of cost or net realisable value (‘NRV’). One of the inputs to determine NRV is the estimated costs necessary to make the sale. The IFRS Interpretations Committee (‘IFRIC’)...
by pieter@pvdz.co.za | Aug 6, 2019 | Assets
Over the past year or so, the IFRS Interpretations Committee (IFRIC) have discussed how cryptocurrencies should be accounted for. The IFRIC considered two aspects in this regard, namely holding of cryptocurrencies and initial coin offerings (ICO). This article briefly...
