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.
When apply discount on lack of marketability (DLOM) and lack of control (DLOC) on enterprise value (EV), it is a multiple of EV x (1-DLOM) x (1-DLOC). But apply the discount on Equity value would lowe
In accordance with SFRS109, investment in equity instruments must be subsequently measured at fair value. In limited circumstances, cost represents the best estimate when recent information not avail
In contract revenue to recognise using input method, one of the key audit procedures is to ascertain the budgeted cost of the project contract is reasonable. We need to test the underlining assumptio