Historical Cost | Accounting, Financial, Tax

Accounting Framework of the IFRS for Small Business [SMEs]

“Small and Medium-sized Entities [SMEs]” has different meanings in different territories. The definition in the context of the IFRS for SMEs is entities that do not...

Basic Accounting12 years ago

Basic Accounting: Assumptions, Principles, Constraints

The Financial Accounting Standards Board (FASB) attempts to base U.S. GAAP on a number of key theoretical assumptions, principles, and constraints which are commonly known as...

Accounting12 years ago

Property, Plant, and Equipment Valuation

Considerable confusing discussion has occurred for years on the subject of valuing property, plant, and equipment. Much of the confusion comes about as a result of...