by pieter@pvdz.co.za | Oct 5, 2023 | Assets, Expenses, Presentation and disclosure
IFRS requires entities to consider and account for the impairment of assets. This ensures that their carrying amounts do not exceed the economic benefits expected from the asset. Some accounting standards contain specific impairment requirements for assets...
by pieter@pvdz.co.za | Mar 11, 2023 | Assets, Liabilities
In October 2022 the IFRS Interpretations Committee (“IFRIC’) published an agenda decision on accounting for rent concession involving forgiveness. This article briefly considers their decision. Rent forgiveness arrangement The lessor accounted for the lease in...
