Factsheet - TheAccSense

Learn Key takeways on operating segments

Financial Accounting

Factsheet Series: 9 Key takeways of IFRS 8 Operating Segments

by TheAccSense Team August 17, 2021August 17, 2021

The article summarises the key financial reporting requirements for disclosure of information relating to operating segments under IFRS 8.

Understand how entities account for defined benefit plans for post-employment benefits given to employees.

Financial Accounting

Factsheet Series: Accounting for Defined Benefit Plan

by TheAccSense Team July 19, 2021August 7, 2021

The accounting for employee benefits depends on the benefits provided by the entities.

Financial Accounting

Factsheet Series: Accounting for Employee Benefits

by TheAccSense Team July 16, 2021August 7, 2021

Fair value reflects the price that would be received to sell an asset or paid to transfer a liability.

Financial Accounting

Factsheet Series: IFRS 13 Fair Value Measurement

by TheAccSense Team July 12, 2021August 7, 2021

Assets classified as held for sale requires a different measurement principle and a discontinued operation requires a different presentation and disclosure.

Financial Accounting

Factsheet Series: Assets Held for Sale and Discontinued Operations

by TheAccSense Team July 11, 2021August 7, 2021

Understand how entities prepare their cash flow statement under IAS 7.

Financial Accounting

Factsheet Series: Preparation of Cash Flows Statement in IAS 7

by TheAccSense Team July 8, 2021August 7, 2021

Assets within the scope of IAS 36 need to be assessed for impairment either annually or when there is an indication.

Financial Accounting

Factsheet Series: What is impairment of asset in IAS 36?

by TheAccSense Team July 7, 2021August 9, 2021

Entities need to understand how they satisfy their performance obligations to customers in order for revenue to be recognised

Financial Accounting

Factsheet Series: Revenue Recognition in IFRS 15 (Part 2)

by TheAccSense Team July 1, 2021August 8, 2021

IFRS 15 introduces the 5-step process for revenue recognition

Financial Accounting

Factsheet Series: Revenue Recognition in IFRS 15 (Part 1)

by TheAccSense Team June 28, 2021August 8, 2021

IAS 21 explains how entities should account and report the effects of changes in Foreign Exchange Rates in their financial statements

Financial Accounting

Factsheet Series: Key principles in reporting the effects of changes in Foreign Exchange Rates

by TheAccSense Team June 27, 2021August 8, 2021