Disclosures Under Ifrs

1. Location of the disclosure requirements for PPE, intangible assets, and inventories in IFRS and in the account Standards Codification: The base standards for PPE is IAS 16 Property implant and Equipment and IAS 36, loss of Assets. For US GAAP the standards ar located in ASC 360 Property, arrange and Equipment, ASC 410-20, Asset Retirement Obligations-Asset Retirement Obligations, and ASC 835-20 Interest Capitalization of Interest. The uncomplicated standard for impalpable Assets is IAS 38. For US GAAP the standards are ASC 350-30. The truthful standards for inventories is IAS 2 and for US GAAP the standard is ASC 330. 2. Method for rhythm alpha fetoproteins goodwill, other intangible assets, and PPE: goodwill is value at historic terms. Goodwill arising on eruditeness of a occupation is carried at hail as set up at the period of accomplishment. (AFP financial Statements, post 4, F-20 Item J-1) separate Intangible Assets are valued at their his torical cost as well. Intangible assets acquired in a business combining and acknowledge separately from goodwill are initially acknowledge at their fair value at the acquisition date (which is regarded as their cost).

Subsequent to initial recognition, intangible assets acquired in a business combination are reported at cost little accumulated amortization and accumulated impairment loss. (AFP pecuniary Statements, handbill 4, F-20 Item J-2,J-3) Property Plant and Equipment is valued at historical cost. Items of property, plant and equipment are measured at acquisition cost less accumulated depreciation and impairment losses, if an y. (AFP Financial Statements, Note 4, F-20! Item k. Inventory Valuation: AFP Provida has a fine amount of inventories and those inventories are also valued at historical cost. Specifically the lower of cost or net- realizable value. The inventories are declared at the lower of cost and net realizable value. AFP Financial Statements, Note 4, F-19, Section I. Location of...If you motivation to foil a full essay, order it on our website: BestEssayCheap.com

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