IFRS Solved Exam Questions - IFRS 5 Non-Current Assets Held for Sale || Financial Reporting Lectures
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- Опубликовано: 18 сен 2024
- Financial Reporting Lectures - In this International Financial Reporting Standards (IFRS) video, a comprehensive past exam question that covers IFRS 5 (Non-Current Assets Held for Sale & Discontinued Operations) has been fully solved. The accounting standards covered in this past exam question are:
- IFRS 5 (Non-Current Assets Held for Sale & Discontinued Operations)
- IAS 10 (Events After the Reporting Date)
- IAS 36 (Impairment of Assets)
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- This video effectively covers the relevant Financial Reporting and Advanced Financial Reporting (Corporate Reporting or Strategic Business Reporting) syllabus of all professional accountancy bodies globally (including the Association of Chartered Certified Accountants (ACCA), Chartered Institute of Management Accountants (CIMA), Certified Public Accountant (CPA) exams, Institute of Chartered Accountants (ICA) exams among several others) as well as any Bachelors and Masters level accounting courses globally.
Came in handy today😊
Good to hear this. Hopefully the whole exam went really well.
Showing how to treat impairment under Held for Sale Assets (like Property A) would have been great.
And also 'further impairment' after the year end (not really sure if I'm correct here)
But hey all the same great lectures, using different standards to answer a 'single' question.
To be able to properly calculate impairment, you need some pieces of information. This question is essentially an IFRS 5 question first and foremost, so the question’s requirement (especially for Property A) was geared towards IFRS 5.
For how to calculate impairment, you can refer to this other video we posted earlier, which was purely dedicated to accounting for impairment of assets under IAS 36 -
ruclips.net/video/EQQ1WC1hCv4/видео.html
@@MSLBusinessSchool Watched your crash courses on government grants. Would like to know how to treat grant income when paid over say 3 years in the SOFP. would the balance also go to CL and NCL as deferred grant income.
also can I get your contact cos I would like to enrol