Gripping GAAP Notes

A summary of the definition, categories, measurement, systems, and net realisable value of inventory as well as the manufacturing cost and application rates and extended credit terms.

A summary of the definition, elements of the definition, initial and subsequent measurement (amortization and impairment), recognition and disclosure of investment property in terms of IAS 38

A summary of the important definitions in IAS 36, the impairment test and indicator review, recoverable amount and disclosure. Includes an example with journal entries of different scenarios that can occur when an asset is impaired.

A summary of short term employee benefits and the accounting treatment thereof

A summary of the definition, measurement and calculation of borrowing cost (IAS 23)

A summary of the types of liabilities, recognition criteria, measurement and disclosure of contingent assets and liabilities according to IAS 37 and how to treat events after reporting date according to IAS 10

This document briefly describes what is deferred tax. It includes the difference between deferred tax asset and deferred tax liability

Latest exam pack questions and answers, perfect for exam preparation

Latest exam pack questions and answers, perfect for exam preparation