Dubai auditor professionals are challenged in handling cash-generating units (CGU) and impairment of assets. They must determine the recoverable amount of CGU/ assets. It can be quite simple, especially when …
As a globally acknowledged accounting criterion, IFRS 4 has significant importance in reporting. It offers guidelines or directions for the recognition, measurement, and disclosure of insurance contracts. This article seeks …
For financial and accounting reporting purposes, IFRS 2 plays a vital role in navigating share-based payment transactions. IFRS 2 improves transparency and stability, it offers rules for accounting treatment and …
Today’s stern business environment and the increasing importance of sustainability make planned asset management crucial to unlocking unrivaled growth opportunities. Within the dynamic landscape of Dubai, a worldwide epicenter of …
To determine how IFRS 3 should be leveraged to acquire assets, audit firms in Dubai must first determine if the asset(s) acquired represents a business combination. Suppose the conclusion is …
