C3 – IAS 40 – Financial Learning Hub

Effects of the COVID-19 on 2020 Reporting Periods

Posted on 30 September 2020 by finlearnhub in C3 - IAS 10, C3 - IAS 2, C3 - IAS 20, C3 - IAS 36, C3 - IAS 37, C3 - IAS 38, C3 - IAS 40, C3 - IFRS 13, C3 - IFRS 15, C3 - IFRS 16, C3 - IFRS 9

For reporting periods ending on or after 31 January 2020, the effects of the COVID-19 would need to be incorporated into the preparation of financial statements. The financial reporting implications will depend on the facts and circumstances of each entity. The following are some of the financial reporting considerations that entities and engagement teams need … Continue reading Effects of the COVID-19 on 2020 Reporting Periods →

IAS 40 – Investment Property

Posted on 24 March 2020 by finlearnhub in C3 - IAS 40

An investment property is land or buildings or both, that is held by an entity to earn rentals and/or for its capital appreciation potential. One of the distinguishing characteristics of investment property is that it generates cash flows largely independent of the other assets held by an entity. The following are not investment property: Property … Continue reading IAS 40 – Investment Property →