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Tag: Interpretation

If, and only if…

The International Accounting Standards Board (IASB) sometimes writes requirements in the form ‘if A is the case, an entity shall do B’. But in other places it writes such requirements in the form ‘if, and only if, A is the case, an entity shall do B’. Are those two forms intended to have different meanings?… Continue reading If, and only if…

Published January 25, 2022
Categorized as Uncategorized Tagged Drafting, History, IASC, Interpretation

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Academic Asset Cash flows Concepts Conceptual Framework Consolidation Cryptocurrency Depiction Disclosure Discounted future cash flows Discount rate Drafting Environment Example FASB Financial performance Financial statements: general Financial statements: objective Foreign currency Goodwill History IASC Impairment Insurance contracts Intangible Label Liability Measurement Mismatch Obligation OCI Own credit risk Pensions Presentation Primary financial statement Real Options Recognition Reporting entity Residual Revenue Right Standard setting Tax Transition Uncertainty

Recent Comments

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    Hi Sam, nice to hear that a member of the Steering Committee is still interested in the topic.

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