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.
Per FRS 109, para 5.1.1, financial assets such as equity instruments shall be initially measured at fair value. And subsequently measured...
In Singapore FRS 36, paragraph 96 ”The annual impairment test for a cash-generating unit to which goodwill has been allocated may be...
When there was a judgement made in prior year without concrete evidence of support. The audit should have qualified it. When in...
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