IFRS means International Financial Reporting Standard Equity means Equity
IFRS Equity means Equity computed on the basis of IFRS
For more info I can suggest you to visit these website:
http://www.ifrslist.com/ (is a free community about IFRS. I suggest you to join it)
http://www.ifrslist.com/tag/equity/
Regards
There are currently 13 IFRS standards...
International Financial Reporting Standards (IFRS) are new standards and Interpretation about accounting applied in several countries. IFRS are issued by IASB For more info I suggest you to visit related links
There are several costing items that has change in the adoption of IFRS, for in GAAP the stock valuation or material pricing adopted is LIFO and FIFO but in IFRS only FIFO is adopted etc
The possessive form of the singular noun equity is equity's.
net new equity is given by the formula; new equity-old equity- addition to retained earnings
It depends whether IFRS or GAAP
IFRS
There are currently 13 IFRS standards...
Dear IFRS 1 is the International financial reporting standard n. 1 related to First Time Adoption of IFRS. I can suggest you to visit these website to receive more info about: http://www.ifrslist.com/ (is a free community about IFRS. I suggest you to join it) http://www.ifrslist.com/category/ifrs-1/ http://www.iasplus.com/standard/ifrs01.htm Regards
International Financial Reporting Standards (IFRS) are new standards and Interpretation about accounting applied in several countries. IFRS are issued by IASB For more info I suggest you to visit related links
IFRS and IAS in the Philippines are implemented and adopted in order to prepare the general purpose financial statements. To comply with every IFRS, it grants limited exemptions from the general requirement.
There are several costing items that has change in the adoption of IFRS, for in GAAP the stock valuation or material pricing adopted is LIFO and FIFO but in IFRS only FIFO is adopted etc
accounting profession challenges when using IFRS
IFRS, International financial reporting standard re Standards Interpretations and the Framework adopted by the IASB (International Accounting Standard Board). For more info I can suggest you to visit these website: http://www.iasb.org http://www.ifrslist.com/ (is a free community about IFRS. I suggest you to join it) http://www.ifrslist.com/tag/iasb/ http://www.iasplus.com/country/useias.htm (IFRS per Country) Regards
IFRS, or International Financial Reporting Standards, are used by public companies in many countries around the world as the accounting standard for financial reporting. It is also often used by private companies, non-profit organizations, and government entities in countries where IFRS is adopted.
Yes, dividends will have an impact on the retained earnings. It is important to note that dividends are considered to be a distribution of income and do not appear on the income statement. They will however be reduction in retained earnings on the statement of retained earnings or statement of changes in shareholders' equity (IFRS).
IAS-39/32 or in future IFRS-9 will apply. all kinds of fin inst will be under the coverage of these three std's.