At Entrepreneurial Hub, our Accounting category delivers expert-driven, practical insights tailored for students, professionals, and business owners. Authored by a “Qualified Chartered Accountant”, having deep expertise in International Financial Reporting Standards (IFRS/IAS/IFRIC/SIC), Financial Analysis, Technology & Data-Driven Accounting, and Financial Reporting & Compliance.
We simplify complex accounting concepts into clear, actionable knowledge helping you stay compliant, make informed financial decisions, and adapt to evolving global standards. Whether you’re mastering core principles or exploring advanced reporting frameworks, our content is built on real-world experience and professional accuracy.
FVPL commonly referred as Fair Value Through Profit and Loss is a key classification under IFRS 9 used for financial assets and liabilities measured at fair value. All gains and losses are recognized directly in “profit or loss”, impacting earnings immediately. IFRS 9 · Financial Instruments · Accounting Standards What … Read More
FVOCI also referred as Fair Value Through Other Comprehensive Income is a classification under IFRS 9 used for certain financial assets. It allows changes in fair value to be recorded in other comprehensive income instead of profit or loss. IFRS 9 · Financial Instruments FVOCI – Fair Value ThroughOther ComprehensiveIncome … Read More
IFRS 15 5 Step Model provides a structured framework for ‘Recognizing Revenue from Customer Contracts’. It helps businesses identify obligations, determine transaction prices, and recognize revenue accurately and consistently. By following IFRS 15 5 Step Model, companies can Ensure transparent financial reporting and compliance with international accounting standards. IFRS Explained … Read More
Cost Model vs Revaluation Model are two accounting approaches used under IAS 16 to measure fixed assets after initial recognition. While the ‘cost model’ records assets at historical cost, the ‘revaluation model’ reflects fair value changes over time. Understanding the difference helps businesses choose the right method for accurate financial … Read More
IFRS 9 is a key accounting standard that governs the classification, measurement, and impairment of financial assets and liabilities. It introduces the expected credit loss model, improving how businesses recognize risk and report financial performance. Understanding IFRS 9 is essential for accurate financial reporting and compliance in modern accounting. IASB … Read More
A Basic Earnings Per Share Calculator helps investors and businesses quickly ‘measure profitability‘ on a per-share basis. By dividing net income by the weighted average number of outstanding shares, this tool provides a clear view of financial performance. It’s essential for comparing companies and making informed investment decisions. Learn how … Read More
IAS 16 STATES that Property, plant and equipment is Initially Measured at its cost, Subsequently Measured either using a ‘cost or revaluation model‘, and depreciated so that its depreciable amount is allocated on a systematic basis over its useful life. International Accounting Standard 16 📘 IAS 16 🌐 IFRS · IASB … Read More
The ‘OBJECTIVE’ of IAS 40 is to prescribe the accounting treatment for Investment Property and related disclosure requirements. IFRS Standard Issued by: IASB Effective: 1 January 2005 Last Revised: 2016 Supersedes: IAS 25 📋 Table of Contents What is IAS 40? Objective & Core Principle Scope & Definitions Recognition Criteria Measurement: Fair … Read More
Reversal of Impairment Loss is INCREASING the value of a previously Impaired asset when there is a change in circumstances indicating that the ‘Impairment Loss’ is NO longer necessary. IAS 36 · IFRS · Financial Reporting Table of Contents What Is Reversal of Impairment Loss? Conditions for Reversal The Reversal … Read More
Lessor Accounting focuses on how asset owners recognize lease income, classify leases, and report financial performance under modern standards like IFRS 16. It involves distinguishing between Finance and Operating leases, each with different recognition and measurement approaches. Understanding lessor accounting is essential for accurate financial reporting and compliance. Learn how … Read More