WebbPhilippine Interpretations Committee i Introduction When it comes to accounting for their transactions and disclosing the required information in their financial statements, companies in the Philippines have been consistently applying Philippine Financial Reporting Standards or PFRSs since the adoption of these standards in 2005. WebbIAS 38 outlines the accounting requirements for intangible assets, which are non-monetary assets which are without physical substance and identifiable (either being separable or arising from contractual or other legal rights). Intangible assets meeting the relevant recognition criteria are initially measured at cost, subsequently measured at cost or …
Philippine Accountancy Guide - Apps on Google Play
WebbPhilippine Accounting Standard 16 Property, Plant and Equipment OBJECTIVE The objective of this Standard is to prescribe the accounting treatment for property, plant … WebbStandards are developed and issued in the public interest by the International Accounting Standards Board (IASB). The IASB is the standard-setting body of the IFRS Foundation … dwg inspection services
IFRS - IAS 38 Intangible Assets
WebbRecorded video discussions for the April 2, 2024 (Sunday - PM Session) Review on Special Topics - Review on Philippine Accounting Standards (Part 1) - 2. WebbThe objective of this Standard is to prescribe the accounting treatment for intangible assets that are not dealt with specifically in another Standard. This Standard requires an entity to recognise an intangible asset if, and only if, specified criteria are met. The Standard also specifies how to measure the carrying amount of intangible assets and Webb25 sep. 2014 · PAS 38 Intangible Assets Archives - Philippine Accounting Updates Monday, 27 February 2024 Tags: PAS 38 Intangible Assets IAS 16 & 38 Amendment – … dwg insulation