Diploma IFRS FastTrack Revision Batch Starts From 7th May 2022 | Enroll Now - Classified Ad

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Diploma IFRS FastTrack Revision Batch Starts From 7th May 2022 | Enroll Now - Classified Ad

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Recognition and Initial Measurement of Property, Plant and Equipment (PPE) as per IAS 16

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  T ngible fixed asset is a key resource for any business and generally represents a significant portion of the net worth captured on the balance sheet. These fixed assets help businesses to run its operating activities and thereby generating revenue. Apart from generating future economic benefits, amount of such tangible assets is also used in various vital ratios which are regularly analysed by the users of financial statements. IAS 16 -“Property, Plant, and Equipment” (PPE), is a basic and vital International Financial Reporting Standard (IFRS) that provides guidelines on the accounting of tangible fixed assets. IAS 16 provides the accounting principles for recognition, initial and subsequent measurement, presentation, derecognition and disclosure for the PPE in the financial statements. In essence, IAS 16 provides in depth guidance on the topics like when to recognise PPE in the financial statements, how to measure asset initially i.e. measurement basis (viz. cost), which expen...
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ACCA Diploma in IFRS June 2025 Exam: Fees, Dates, Study Tips & Complete Guide

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  The ACCA Diploma in IFRS (DipIFR) is a globally recognized qualification designed for finance professionals looking to enhance their understanding of International Financial Reporting Standards (IFRS). The upcoming June 2025 IFRS exam is a great opportunity for candidates to advance their careers in accounting and financial reporting. Here’s everything you need to know about the June 2025 DipIFR exam :  1. Exam Date The ACCA Diploma in IFRS examination is expected to be held on the 05 th & 06 th of June-25 . Candidates should keep an eye on the ACCA website/email for updates. 2. Registration Deadlines Candidates must register for the exam within the specified deadlines. The expected registration deadline for the June 2025 IFRS is on/before 07-April-2025. Standard Registration : Closes approximately 2 months prior the exam date How to Register? Visit the official ACCA website. Create an ACCA account or log in. Fill out the DipIFR registration f...
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IFRS 13: Fair Value Measurement – Part 2

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  In our previous blog–  IFRS 13: Fair Value Measurement- Part 1 , we discussed on the definition of fair value and key aspects of which management requires to consider while determining fair value under IFRS 13. Fair value is an exit price, thus while measuring fair value one should consider the price of such asset or a liability on the basis of its units (standalone or within group like CGU) and its characteristics, price in a principal market or most advantageous market, price in hypothetical transaction between market participants & the price to take exit from that asset or a liability or group. We have discussed these concepts with the help of suitable examples.   In this blog, we will further discuss the few more concepts required for fair value measurement viz. factors to consider for a non-financial asset, valuation techniques and hierarchy of information to be used while determining FV. We know that fair value is not an entity specific measure but is mark...
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