Application of IFRS standards

The article discusses the prospects for the introduction of the Russian accounting practice of International financial reporting standards (IFRS), the calculation of the fair value of the biological asset of horse breeding organizations under IFRS. A number of methods of calculation of fair value, a technique based on market value and calculation based on the method of profit capitalization and money flow discounting are considered to justify the effectiveness of supply chain management.

9p longtimenosee10 26-04-2024 2 1   Download

The application of IFRS 15 will affect the recognition of revenue in enterprises, especially in the real estate business because their characteristics are different from normal businesses. Due to the importance of applying IFRS 15 and the specifics of the real estate business, the author has studied the influence of the characteristics of the real estate industry on revenue accounting in real estate enterprises.

9p viohoyo 25-04-2024 3 1   Download

IFRS 16 was created to replace the international accounting standard number 17 (IAS 17). In this research paper, we apply qualitative research methods to analyze the current situation of applying IFRS 16 in enterprises in Vietnam and thereby offer solutions to help Vietnamese enterprises apply IFRS 16 widely, bringing a lot of value to Vietnamese businesses.

6p longtimenosee09 08-04-2024 2 1   Download

This paper emphasizes the context and the method of fair value measurement according to International Financial Reporting Standards No 13 (IFRS 13). The term "fair value" is a new concept in Vietnam because of the dominant application of historical cost. Vietnam has gradually updated the fair value method, with historical cost method to assess each kind of asset at timing of financial statement.

8p vilarry 01-04-2024 7 1   Download

The purpose of this study was to investigate the adaptation of International Financial Reporting Standards (IFRS) in supply chain management. This article provides a comprehensive critical analysis of the provisions of IFRS for accounting for intangible assets from the point of view of their practical application in supply chain. The objects of the study were Russian companies, because generally while composing financial statements in accordance with IFRS, there might be problems of accounting for intangible assets due to the imperfection of these regulations.

6p longtimenosee06 27-03-2024 3 2   Download

Continued part 1, part 2 of ebook "Wiley IFRS 2010: Interpretation and application of International Financial Reporting Standards 2010" provides readers with contents including: leases; income taxes; employee benefits; shareholders’ equity; earnings per share; interim financial reporting; operating segments; accounting policies, changes in accounting estimates, and errors; foreign currency; related-party disclosures; specialized industry accounting;...

677p mocthanhdao0210 19-11-2023 7 6   Download

Part 1 of ebook "Wiley IFRS 2010: Interpretation and application of International Financial Reporting Standards 2010" provides readers with contents including: introduction to international financial reporting standards; presentation of financial statements; statement of financial position; statements of income, comprehensive income, and changes in equity; statement of cash flows; fair value; financial instruments; revenue recognition, including construction contracts;...

665p mocthanhdao0210 19-11-2023 7 4   Download

Ebook "The impact of IFRS on industry" provides specific guidance on applying IFRS in a diverse range of sectors. Opening with an overview of IFRS, including a summary of all the standards, the book goes on to provide detailed coverage of the standards that can impact all industries, including IAS-40, IFRS 1, and IFRS 5. Thereafter, it offers practical advice and guidance on the application of IFRS in specific industries, including automotive; oil and gas; bio-sciences; infrastructure; airlines; media and communications; government-owned entities;...

273p mocthanhdao0210 19-11-2023 11 6   Download

The paper examines the factors that influence the process of applying international financial reporting standards to Vietnamese SMEs. The author conducted a survey of 100 general accountants in small and medium-sized enterprises to identify factors affecting the application of international financial reporting standards for small and medium-sized enterprises. Research has shown that the legal environment factor has a greater influence on the application of international financial reporting standards for small and medium-sized enterprises than those of cultural and business environment.

7p alucardhellsing 04-05-2022 35 2   Download

The overall research objective of this dissertation is to study factors affecting the application of IFRS standards in Vietnamese enterprises.

27p trinhthamhodang8 20-10-2020 27 1   Download

Worldwide application of IFRS (International Financial Reporting Standard) not only standardize the accounting treatments but also helpful in producing true and fair financial statements. All the counties using IFRS (International Financial Reporting Standard) can easily make comparisons of their financial statements across the industries and countries. Because of its fair results these are highly reliable standards for the allocation of resources and for keeping the accounting records.

13p nguyenminhlong19 21-04-2020 32 1   Download

Throughout this publication we have made reference to IFRS 4, the Implementation Guidance and Basis for Conclusions accompanying the Standard, as well as other current statements of IFRS. Direct quotations from IFRSs are included in dark blue within the text. A column noted as Reference is included in the left margin of Sections 1 through 15 to enable users to identify the relevant paragraphs of IFRS 4, the Interpretation Guidance and Basis for Conclusions as well as references to other applicable Standards.

41p bin_pham 06-02-2013 48 4   Download

The IASB issued IFRS 4 in March 2004 to provide interim guidance on accounting for insurance contracts. The Standard is the result of the first phase (phase I) of the IASB's project to develop an accounting standard to address the many complex and conceptual problems in insurance accounting. Before introduction of the Standard, IFRSs did not address specific insurance issues, while certain IFRSs specifically excluded insurance business. This resulted in diversity in the accounting practices of insurers.

78p bin_pham 06-02-2013 43 6   Download

Over the last several decades, the standards of US GAAP and associated guid- ance have grown to many thousands of pages. By contrast, IFRS is substantially shorter in length. The principles-based nature of IFRS standards may facilitate an enhanced focus on the economic purpose of a company’s business activities in its financial reports. This may make it possible for businesses to produce financial reports that are less complex for investors and other users of financial information.

20p taisaovanchuavo 26-01-2013 47 3   Download

While a significant number of nations have adopted or accepted IFRS, in order to achieve the true benefits of a uniform set of accounting standards, it is important that IFRS is adopted by nations in a manner consistent with those issued by the IASB. In addition, it is equally important that they are applied and enforced in a consistent manner. Therefore, there must also be a mechanism to ensure that auditing standards and the practices of auditors facilitate consistent application of IFRS. Similarly, over time there must be improved coordination of global regulatory review.

7p taisaovanchuavo 26-01-2013 34 6   Download

Financial Instruments: Disclosures This version includes amendments resulting from IFRSs issued up to 17 January 2008. IAS 30 Disclosures in the Financial Statements of Banks and Similar Financial Institutions was issued by the International Accounting Standards Committee in August 1990. In April 2001 the International Accounting Standards Board (IASB) resolved that all Standards and Interpretations issued under previous Constitutions continued to be applicable unless and until they were amended or withdrawn.

68p mimidu 16-07-2010 238 116   Download

Business Combinations This version includes amendments resulting from IFRSs issued up to 17 January 2008. IAS 22 Business Combinations was issued by the International Accounting Standards Committee in October 1998. It was a revision of IAS 22 Business Combinations (issued in December 1993), which replaced IAS 22 Accounting for Business Combinations (issued in November 1983).

203p mimidu 16-07-2010 294 120   Download

First-time Adoption of International Financial Reporting Standards This version includes amendments resulting from IFRSs issued up to 17 January 2008. IFRS 1 First-time Adoption of International Financial Reporting Standards was issued by the International Accounting Standards Board in June 2003.

91p mimidu 16-07-2010 867 671   Download