Update: IAS 2 Inventories multiple choice quiz

If you’re studying IAS 2 Inventories, why not test your knowledge with our multiple choice quiz? By practicing questions you’ll improve your study and recall, ideal for people who learn best by ‘doing’ rather than just reading.

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Update: IAS 20 Government Grants quiz

If you’re studying IAS 20 Government Grants, why not test your knowledge with our multiple choice quiz? Click here to try the quiz. By practicing questions you’ll improve your study and recall, ideal for people who learn best by ‘doing’ rather than just reading.

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The Essentials About Borrowing Costs for IAS 23

What are Borrowing Costs? Borrowing costs are interest and other costs incurred by an entity in connection with the borrowing of funds. Borrowing costs may include – Interest on bank overdrafts and short-term and long-term borrowings (including inter-company borrowings). – Amortisation of discounts or premiums relating to borrowings – Amortisation of ancillary costs incurred in …

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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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