In the initial application of FRS116. There are two way to recognize right of use assets under adjustment to opening balance
1 it is to right of use asset as if since commence date. The cumulative depreciation are adjusted to retained earnings
2 to recognize the right of use asset equal to lease liability on initial application. There will be have any retained earning effect.
In business valuation, enterprise value is the value of the business. It includes any intangible assets not booked such as goodwill,...
To perform walk through in audit with the objective to ascertain the audit assertions. We need to understand the control or process in...
Per FRS 109, para 5.1.1, financial assets such as equity instruments shall be initially measured at fair value. And subsequently measured...
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