Disclosures Under Ifrs

1. Location of the disclosure requirements for PPE, intangible assets, and inventories in IFRS and in the take Standards Codification: The base standards for PPE is IAS 16 Property implant and Equipment and IAS 36, wrong of Assets. For US GAAP the standards argon located in ASC 360 Property, plant life and Equipment, ASC 410-20, Asset Retirement Obligations-Asset Retirement Obligations, and ASC 835-20 Interest Capitalization of Interest. The elemental standard for impalpable Assets is IAS 38. For US GAAP the standards are ASC 350-30. The undecomposable standards for inventories is IAS 2 and for US GAAP the standard is ASC 330. 2. Method for evaluate alpha fetoproteins goodwill, other intangible assets, and PPE: goodwill is value at historic terms. Goodwill arising on encyclopaedism of a occupation is carried at terms as found at the image of encyclopedism. (AFP fiscal Statements, post 4, F-20 Item J-1) new(prenominal) Intangible Assets are valued a t their historical live as well. Intangible assets acquired in a business combine and acknowledge separately from goodwill are initially recognised at their fair value at the acquisition date (which is regarded as their cost). Subsequent to initial recognition, intangible assets acquired in a business combination are reported at cost little accumulated amortization and accumulated impairment loss. (AFP pecuniary Statements, handbill 4, F-20 Item J-2,J-3) Property Plant and Equipment is valued at historical cost. Items of property, plant and equipment are measured at acquisition cost less accumulated depreciation and impairment losses, if any. (AFP Financial Statements, Note 4, F-20 Item k. Inventory Valuation: AFP Provida has a fine amount of inventories and those inventories are also valued at historical cost. Specifically the lower of cost or net- accomplishable value. The inventories are declared at the lower of cost and net realizable value. AFP Financial State ments, Note 4, F-19, Section I. Location ! of...If you regard to foil a full essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay