Update: Consolidation worksheets

Preparing consolidated financial statements can be stressful. It can be difficult to visualise exactly what to do, and where the journal entries to bring everything together should go.


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Accounting Policies – an Introduction for IFRS

What are accounting policies?

Accounting policies are the specific principles, bases, conventions, rules and practices applied by an entity in preparing and presenting financial statements. This article contains some useful information for your IFRS studies.

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When can a Company Depart from IFRS Accounting Standards?

Departure from accounting standards

In very rare circumstances, an entity may need to produce financial reports which do not comply with a specific accounting standard, if compliance with the standard would be so misleading they do not provide useful information to users, and the financial statements would no longer be fairly presented.

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