IFRS 16 – Leases (Recognition, Measurement and Disclosure)

The International Accounting Standards Board introduced IFRS 16 in 2019, which marked an enormous change in the accounting treatment of leases. Earlier, a compa

IFRS 15 – Revenue from Contracts with Customers

IFRS 15 outlines how and when an IFRS reporter would recognise revenue and requires such companies to make more meaningful, relevant disclosures to readers of f

IFRS 14 – Regulatory Deferral Accounts

Overview IFRS 14 Regulatory Deferral Accounts permits an entity that is a first-time adopter of International Financial Reporting Standards to continue to accou

IFRS 13- Fair Value Measurement

IFRS 13 – Fair Value Measurement is a standard developed by the IAS that provides guidance on how to measure fair value in financial reporting. The standa

IFRS 12-Disclosure of Interests in Other Entities

Overview IFRS 12 Disclosure of Interests in Other Entities is a consolidated disclosure standard requiring a wide range of disclosures about an entity

IFRS 11 – Joint Arrangements | Overview

International Financial Reporting Standard (IFRS) 11 prescribes the accounting treatment of joint arrangements, which occur when two or more entities have contr

IFRS 10 — Consolidated Financial Statements

The International Financial Reporting Standard (IFRS) 10, Consolidated Financial Statements, is the key to facilitating financial statements reflecting the econ

IFRS 9 Financial Instruments | Meaning and Overview

IFRS 9 is a set of international financial reporting standards issued by the International Accounting Standards Board (IASB) that outlines the rules for account

IFRS 8 – Operating Segments

Scope IFRS 8 applies to the separate or individual financial statements of an entity (and to the consolidated financial statements of a group with a parent): wh

IFRS 7 – Financial Instruments: Disclosures

Overview IFRS 7 Financial Instruments: Disclosures require a business to disclose information on the financial instruments’ relevance to the entity and th