In ICO, it is common for certain coin issue to development team as incentives. As coin is not equity instruments, the coin issued is not considered share based payment. Also, it should not be account for as real value at the time of just issued. Rather, it is employee short term benefits. We have to account for it when it is issued to staff and exchanged for their services provide.
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
For change of accounting policy for PPE from cost model to revaluation model. It is not follow FRS 8 as exempted from prior year adjustment. The change will apply prospectively from the date of reva