Disclosures Under Ifrs

1. Location of the disclosure requirements for PPE, intangible assets, and inventories in IFRS and in the wee-wee Standards Codification: The base standards for PPE is IAS 16 Property implant and Equipment and IAS 36, blemish of Assets. For US GAAP the standards ar located in ASC 360 Property, make up and Equipment, ASC 410-20, Asset Retirement Obligations-Asset Retirement Obligations, and ASC 835-20 Interest Capitalization of Interest. The uncomplicated standard for impalpable Assets is IAS 38. For US GAAP the standards are ASC 350-30. The aboveboard standards for inventories is IAS 2 and for US GAAP the standard is ASC 330. 2. Method for legal community alpha fetoproteins goodwill, other intangible assets, and PPE: free grace is value at historic terms. Goodwill arising on science of a occupation is carried at speak to as formal at the while of encyclopaedism. (AFP pecuniary Statements, post 4, F-20 Item J-1) opposite Intangible Assets are val ued at their historical cost as well. Intangible assets acquired in a business gang and acknowledge separately from goodwill are initially accept 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 depreciatio n and impairment losses, if any. (AFP Fina! ncial 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-doable value. The inventories are declared at the lower of cost and net realizable value. AFP Financial Statements, Note 4, F-19, Section I. Location of...If you requirement to foil a full essay, order it on our website: BestEssayCheap.com

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