Search results with tag "Ifrs viewpoint"
IFRS Viewpoint - Grant Thornton International
www.grantthornton.globalIFRS Viewpoint Global Accounting Tax Relevant IFRS IAS 1 Presentation of Financial Statements IAS 10 Events after the Reporting Period IFRS 7 Financial Instruments: Disclosures Our ‘IFRS Viewpoint’ series provides insights from our global IFRS team on applying IFRSs in challenging situations. Each
IFRS Viewpoint 4 - Common Control Business Combinations
www.grantthornton.globalunder common control? This is an important issue because common control combinations occur frequently but are excluded from the scope of IFRS 3 – the IASB’s standard on business combination accounting. This IFRS Viewpoint gives you our views on how to account for common control combinations.
IFRS Viewpoint 3 - Inventory Discounts and Rebates
www.grantthornton.globalIAS 2 ‘Inventories’ requires that: ‘trade discounts, rebates and other similar items are deducted in determining the cost of purchase’. The treatment of trade discounts is therefore clear. Settlement discounts The treatment of settlement discounts is not specified by IAS 2. However, in November 2004 the IFRS Interpretations
IFRS Viewpoint - Grant Thornton International Ltd. Home
www.grantthornton.globalFramework) in determining the appropriate accounting. For example, for reasons we will explain, in the case of a loan from a parent to a subsidiary that pays interest at less than the market rate, the difference between the loan amount and the fair …
IFRS Viewpoint 7 - When the going concern basis is not ...
www.grantthornton.globala going concern basis, it shall disclose that fact, together with the basis on which it prepared the financial statements and the reason why the entity is not regarded as a going concern” (IAS 1.25). IAS 1 appears then to suggest that a departure from the going concern basis is required when the specified circumstances exist.
IFRS Viewpoint - grantthornton.global
www.grantthornton.globalOn 22 December 2017, the President of the United States signed into law what is commonly known as the ‘Tax Cuts and Jobs Act’. The Act is the most comprehensive reform of US taxation