It is effective from 1 Jan 2019 for lease with initial period more than 12 months and not low value item. It has to take into account of option to renew.
Transition application - for remaining lease with less than 12 months from initial application, that is from 1 Jan 2019, can choose not to apply FRS116.
In business valuation, enterprise value is the value of the business. It includes any intangible assets not booked such as goodwill,...
To perform walk through in audit with the objective to ascertain the audit assertions. We need to understand the control or process in...
Per FRS 109, para 5.1.1, financial assets such as equity instruments shall be initially measured at fair value. And subsequently measured...
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