The article summarises the key financial reporting requirements for disclosure of information relating to operating segments under IFRS 8.
Latest News, Opinion and Technical Articles for Accounting.
Exposure Draft: The Proposed Disclosures Simplification for Subsidiaries Without Public Accountability
The article summarises the proposal by IASB on a new standard to simplify the disclosures requirements for subsidiaries without public accountability.
Provisions, Contingent Liabilities and Contingent Assets: Comparison between MPSAS 19, MFRS 137 and Section 21 of MPERS
The article compares the requirements for provisions, contingent liabilities and contingent assets under MPSAS 19, MFRS 137 and Section 21 of MPERS.
Agriculture: Comparison between MPSAS 27, MFRS 141 and Section 34 of MPERS
Understand the differences on how preparers account for agriculture activity between MPSAS 27, MFRS 141 and Section 34 of MPERS.
Investment Property: Comparison between MPSAS 16, MFRS 140 and Section 16 of MPERS
The article provides a comparison on the financial reporting requirements for investment property under MPSAS 16, MFRS 140 and Section 16 of MPERS.
Property, Plant and Equipment: Comparison between MPSAS 17, MFRS 116 and Section 17 of MPERS
The article provides a comparison on the accounting treatment for property, plant and equipment under MPSAS 17, MFRS 116 and Section 17 of MPERS.
Presentation of Financial Statements: Comparison between MPSAS, MFRS and MPERS
A comparison of the financial reporting requirements in MPSAS, MFRS and MPERS relating to the presentation of financial statements.
Employee Benefits: Comparison between MPSAS 25, MFRS 119 and Section 28 of MPERS
The article discusses the significant differences on the accounting requirements for employee benefits under MPSAS 25, MFRS 119 and Section 28 of MPERS.
Factsheet Series: Accounting for Defined Benefit Plan
Lets understand how entities account for defined benefit plans given to employees as part of their post-employment benefits.
Factsheet Series: Accounting for Employee Benefits
Understand how entities should account for their employee benefits. The accounting for short-term benefits are rather straight-forward. Entities should focus on the accounting for the tricker part – post-employment benefits.