IFRS Accounting
FEATURED ARTICLES
All articles in this category pertain to IFRS accounting. International Financial Reporting Standards (IFRS) are the set of financial reporting guidelines issued by the International Accounting Standards Board. The standards establish accounting policies and rules for determining how transactions are reported around the world and are intended to ensure comparable, consistent, and transparent financial reporting.
Learn more about IFRS accounting below.
Recent articles
Interest Expense Calculation Explained with a Finance Lease Example and Journal Entries
How to account for interest expense.
Practical Expedient in Accounting Explained: Adopting ASC 842 and IFRS 16 with Ease
How to account for practical expedient.
Lessor vs. Lessee Accounting Explained: FASB, IFRS, and GASB
An overview of accounting treatment for lessors and lessees under the new standards.
Interest Rate Implicit in the Lease under IFRS 16 Explained
Understand the rate implicit in a lease under IFRS 16.
Lease Accounting: What Are the New Challenges for Lessees?
Learn how the new accounting standards will impact lessees.
Potential Impairments of Leased Assets and the Right-of-Use Asset under ASC 842 and IFRS 16
Learn about the impairment considerations for lease assets.