Summary of IFRS Standards
Budget: $10 – $30 USD
Visit the website of IFRS (www.ifrs.org) and also the websites of International Accounting firms such as Ernst& Young, PwC, KPMG, Deloitte, and BDO. Report on the following accounting standard. Also, you should visit SOCPA website (www.socpa.org.sa)
1. IFRS-5 Noncurrent assets held for sale and discontinued operations.
2. IFRS-16 Leases
3. IAS 16- Property, plant, and equipment.
4. IAS 38 Intangible assets
5. IAS 36 Impairment of assets.
6. Briefly explain the principles of IAS 2 with regard to the valuation of inventory.
7. Briefly explain the principles of IAS 41 with regard to the valuation of agricultural and biological items.
You can also refer to other sources for reliable information.
Make sure that your report will give sufficient information for anyone who wants to know about these standards.
1. IFRS-5 Noncurrent assets held for sale and discontinued operations.
2. IFRS-16 Leases
3. IAS 16- Property, plant, and equipment.
4. IAS 38 Intangible assets
5. IAS 36 Impairment of assets.
6. Briefly explain the principles of IAS 2 with regard to the valuation of inventory.
7. Briefly explain the principles of IAS 41 with regard to the valuation of agricultural and biological items.
You can also refer to other sources for reliable information.
Make sure that your report will give sufficient information for anyone who wants to know about these standards.