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Business combinations involving entities under common control are outside the scope of MFRS 3 Business Combinations (MFRS 3.2(c)), and there is no other specific MFRS guidance. Accordingly, management should use its judgement to develop an accounting policy that is relevant and reliable, in accordance with Paragraphs 10 to 12 of MFRS 108 Accounting Policies, Changes in Accounting Estimates and Errors.

Business combinations involving entities under common control are outside the scope of MFRS 3 Business Combinations (MFRS 3.2(c)), and there is no other specific MFRS guidance. Accordingly, management should use its judgement to develop an accounting policy that is relevant and reliable, in accordance with Paragraphs 10 to 12 of MFRS 108 Accounting Policies, Changes in Accounting Estimates and Errors.

Business combinations involving entities under common control are outside the scope of MFRS 3 Business Combinations (MFRS 3.2(c)), and there is no other specific MFRS guidance. Accordingly, management should use its judgement to develop an accounting policy that is relevant and reliable, in accordance with Paragraphs 10 to 12 of MFRS 108 Accounting Policies, Changes in Accounting Estimates and Errors.

Business combinations involving entities under common control are outside the scope of MFRS 3 Business Combinations (MFRS 3.2(c)), and there is no other specific MFRS guidance. Accordingly, management should use its judgement to develop an accounting policy that is relevant and reliable, in accordance with Paragraphs 10 to 12 of MFRS 108 Accounting Policies, Changes in Accounting Estimates and Errors.

If an entity earns revenues denominated in foreign currency: • how are these revenues translated into the entity’s functional currency? • are related deferred revenue (advance payments) and accrued revenue amounts treated as monetary or non-monetary items for the purposes of MFRS 121 The Effects of Changes in Foreign Exchange Rates

The IASB has published IFRS 16 ‘Leases’ completing its long-running project on lease accounting. This special edition of IFRS News series explains the key features of the new Standard and provides practical insights into its application and impact.

The IASB has published IFRS 16 ‘Leases’ completing its long-running project on lease accounting. This special edition of IFRS News series explains the key features of the new Standard and provides practical insights into its application and impact.

The IASB has published IFRS 16 ‘Leases’ completing its long-running project on lease accounting. This special edition of IFRS News series explains the key features of the new Standard and provides practical insights into its application and impact. We have covered the introduction and scope of IFRS 16 in the March 2016 issue. In this issue, the details of the new lessee accounting approach are discussed.

The IASB has published IFRS 16 ‘Leases’ completing its long-running project on lease accounting. This special edition of IFRS News series explains the key features of the new Standard and provides practical insights into its application and impact.

This issue discusses the accounting for financial liabilities with a demand feature (on-demand financial liabilities). This publication considers the accounting implications when the entity no longer expects the counter-party to demand repayment.

This is a series of issues that provide guidance on the practical application issues of MFRS 107 Statement of Cash Flows. Part V will be the last section of the series of Cash flow statements – common pitfalls and application issues.

This is a series of issues that provide guidance on the practical application issues of MFRS 107 Statement of Cash Flows. There are a number of presentation issues that have created differences in the practical application of MFRS 107.

This is a series of issues that provide guidance on the practical application issues of MFRS 107 Statement of Cash Flows. There are a number of presentation issues that have created differences in the practical application of MFRS 107.

Applying MFRS 107 Statement of Cash Flows gives rise to a number of interpretive and application issues. Increasingly, regulators and other commentators on financial statements are highlighting errors or inconsistencies in application of the standard.

Applying MFRS 107 Statement of Cash Flows gives rise to a number of interpretive and application issues. Increasingly, regulators and other commentators on financial statements are highlighting errors or inconsistencies in application of the standard.

This issue discusses the accounting for financial liabilities with a demand feature (on-demand financial liabilities). This publication considers the accounting implications when the entity no longer expects the counter-party to demand repayment.