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2018-Obligation in Accounting and Auditing for Enterprises & CIFRS for SME and Full CIFRS for Cambodia (download File or read online)

Phnom Penh HR December 25, 2018 Books-Accounting, Books-Auditing, F7, IFRS for SME, P2

Obligation in Accounting and Auditing for Enterprises & CIFRS for SME and Full CIFRS for Cambodia (download File or read online) This is public document by NAC workshop of Cambodia. Advertisement from Phnom Penh HR Phnom Penh HR is the best recruitment and consulting company in Cambodia and Asia, and our services by ACCA | CPA, Diploma in Cambodia Tax,

Principles of The consolidated Statement of Profit or Loss

Phnom Penh HR May 12, 2018 F3, F7, P2

Principles of The consolidated Statement of Profit or Loss ( Income Statement) PRINCIPLES OF THE CONSOLIDATED STATEMENT OF PROFIT OR LOSS The consolidated statement of profit or loss shows the profit generated by all resources disclosed in the related Consolidated statement of financial position, i.e. the net assets of the parent company ( P) and its subsidiary (S). The consolidated

IAS 12 Income Tax

Phnom Penh HR May 11, 2018 F7, IAS 12 Income Taxes, P2

IAS 12 Income Tax Income Tax IAS 12 income taxes states that there are two elements of tax that will need to be accounted for: (1)Current tax ( the amount of income taxes payable/recoverable in respect of the taxable profit/loss for a period); (2)Deferred tax ( an accounting adjustment aimed to match the tax effects of transactions to the relevant

Financial Instruments

Phnom Penh HR May 11, 2018 F7, IAS 32 Financial Instruments: Presentation, IAS 39 Financial Instruments: Recognition and Measurement, IFRS 7 Financial Instruments: Disclosures, IFRS 9 Financial Instrument, P2

Financial Instruments Financial instrument A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. There are four reporting standards that deal with financial instruments: -IAS 32 financial instruments: presentation -IAS 39 financial instruments: recognition and measurement -IFRS 7 financial instruments: disclosure -IFRS 9 Financial

IAS 36-Impairment of Asset

Phnom Penh HR May 11, 2018 F7, IAS 36 Impairment of Assets, P2

IAS 36-Impairment of Asset IAS 36 applied to all assets other than -Inventory (IAS2) -Construction contracts (IAS11) -Deferred tax assets (IAS12) -Assets arising from employee benefits (IAS19 is exclude from the paper) -Financial assets included in the scope of IAS32 -Investment property measured at fair value (IAS40) -Non-current assets classified as held for sale (IFRS5) Impairment An impairment exists if:

IFRS 5 – Non-Current Assets Held For Sale and Discontinued Operations

Phnom Penh HR May 11, 2018 F7, IFRS 5 Non-current Assets Held for Sale and Discontinued Operations, P2

IFRS 5 – Non-Current Assets Held For Sale and Discontinued Operations Non-Current Assets Held For Sale Classification as Non-Current Assets Held For Sale : Non-Current Assets Held For Sale …..through a sale transaction rather than though continuing use. The following conditions must apply: 1.the asset must be available for immediate sale in its present condition 2.The asset must be highly probable, meaning

Intangible Asset

Phnom Penh HR May 11, 2018 F7, IAS 38 Intangible Assets, IFRS 3 Business Combinations, P2

Intangible Asset IAS 38 Intangible Assets Definition An intangible asset is an identifiable non-monetary asset without physical substance. Intangible assets include items such as: -Licences and quotas -Intellectual property, e.g. patents and copyrights -Brand names -Trademarks -Goodwill For an asset to be identifiable, it must fall into one of two categories: 1.It is separable- the asset can be bought or

Non-Current Assets

Phnom Penh HR May 11, 2018 F7, IAS 16 Property, Plant and Equipment, IAS 20 Accounting for Government Grants and Disclosure of Government Assistance, IAS 23 Borrowing Costs, IAS 40 Investment Property, P2

Non-current assets | Long Term Assets | Fixed Assets Learning Objectives 1. IAS 16 Property, plant and equipment 2. IAS 20 Accounting for Government Grants and Disclosure of Government Assistance 3. IAS 40 Investment Property 4. IAS 23 Borrowing costs ————————————————————————————————————- 1. IAS 16 Property, plant and equipment Definition: Property, plant and equipment are tangible assets held by an entity

IAS 2 Inventory

Phnom Penh HR May 1, 2017 F3, F7, IAS 2 Inventory, P2

IAS 2 Inventory Scope The following items are excluded from the scope of the standard. •Work in progress under construction contracts (covered by IAS 11 Construction contracts) •Financial instruments (ie shares, bonds) •Biological assets Definitions  Inventories are assets: – Held for sale in the ordinary course of business; – In the process of production for such sale; or – In

IAS 2 Inventory ( F3)

Phnom Penh HR January 21, 2017 F3, F7, IAS 2 Inventory, P2

IAS 2 INVENTORY (F3) LEARNING OBJECTIVE I.INVENTORY IN THE FINANCIAL STATEMENTS II.YEAR-END INVNETORY ADJUSTMENTS III.TYPES OF INVENTORY IV.IAS 2 INVENTORIES V.METHODS OF CALCULATING THE COST OF INVENTORY I. INVENTORY IN THE FINANCIAL STATEMENTS $ $ Revenue x Opening Inventory X Purchases X Less: Closing Inventory (x) Cost of Sales/cost of goods sold (x) Gross Profit x At the beginning of

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