ACCA Paper F 7 Financial Reoirting F7FR Session01 d08
Teks penuh
Dokumen terkait
¾ Many accounting standards now require assets or liabilities to be measured at fair value, IAS 39 on financial instruments and IFRS 3 on business combinations being two examples.
¾ If it is not practicable to determine the period specific effects of an error on comparative information for prior periods presented, the entity shall restate the opening
¾ An entity shall present current and non-current assets and current and non-current liabilities as separate classifications on the face of the statement of financial position,
¾ When the cost model is used, the fair value of property, plant and equipment when this is materially different from the carrying
¾ Subsequent expenditure on an acquired in-process research and development project is accounted for like any cost incurred in the research of development phase of internally
¾ After initial recognition, an entity that chooses the cost model shall measure all of its investment property using the cost model in IAS 16 Property, Plant and Equipment, that is
The reduction of closing inventory in the consolidated statement of comprehensive income would reduce the profit for the year and hence the accumulated profit/retained earnings
The consolidated statement of comprehensive income shows the income generated by the group’s resources (= net assets in consolidated statement of
