INTERNATIONAL FINANCIAL ACCOUTING REPORTING STANDARDS SCRIPTS:
IAS:20 GOVT. GRANT ASSIT
IAS 20 Accouting for government grants and disclosure of government assistance requires government grants to be recognized if there is reasonable assurance and complies with specific coniditions ..
IAS:23 BORROWING COST
IAS 23 deals with the accounting of borrowing cost which include all costs incurred in connection with the borrowing of funds and in particular the interest cost. It consists of qualifying asset that takes substential period of time to get ready for its intended use or sale.e.g constructed properties.
IAS:16 PROPERTY,
PLANT,EQUIP.
IAS 16 deals with companies longterm tangible fixed assets that are ued for operations intene to use for sale and adminstration purposes.
Two Methods:
Straight Line
Reducing method
IAS:40 INVESTMENT PROPERTY
IAS: 40 deals with longterm capital appreciation held to earn rental income .In separate portion we deal with significant porton occupied.
IAS:36 IMPAIRMENT OF ASSETS
IAS:36 deals with prudence concept amount by which carrying amount of asset exeeds recoverable amount.It occurs when an asset loss,damage,obselete or stolen.
There are also other standards disclosing all factors like: IAS 8(CHANGE IN ACCOUNTING POLICY,ESTIMATES),IAS 7(CASHFLOWS), IAS 33(EPS), others like RATIO ANALYSIS, .It depends upon chain conceptual framework that accountings and factors and precedure works.Regulating bodies works under professional ethics an accounting standards like IFRS, GAAP (used in america).
You can find official standards like IFRS 15,IFRS 9 on official website.
IFRS Foundation Website.
DISCLAIMER: This website provide general information doesnot represent official views of IFRS foundation