Jhanzayb (ACA)

The objective of IAS 40 – Investment Property is to prescribe the accounting treatment for investment property and related disclosure requirements. Last Updated – May, 2026 Skip to content Entrepreneurial Hub IFRS Standard IAS 40 – Investment Property A definitive guide to IAS 40: understanding its scope, recognition criteria, measurement models, transfers, … Read More

Provision in accounting a concept as per IAS 37 represent a company’s estimated liabilities or obligations, which are recognized in financial statements as an expense and liability. Provisions are typically created when there is uncertainty about the amount or timing of a liability, but the company has a legal or … Read More

The concept consolidated vs unconsolidated financial statements depicts that Consolidated FS reflect the financial statements of parent company and its subsidiaries as a single economic entity and Unconsolidated FS reflect the financial statements of a single entity. Last Updated – May, 2026 Financial Reporting Accounting Standards Corporate Finance Consolidated vs … Read More

IAS 16 – Property, Plant and Equipment states that property, plant and equipment (PPE) 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. Last Updated – May, 2026 … Read More

IAS 17 vs IFRS 16 a concept that relates to leasing. IAS 17 is the International Accounting Standard (IAS) for leases that was issued by the International Accounting Standards Board (IASB) in 1982, while IFRS 16 is the new leasing standard that was issued by the IASB in 2016. Last … 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. Last Updated – May, 2026 Home Accounting Reversal of Impairment Loss IAS 36 – Impairment of Assets · Reference Guide Reversal … Read More