Disclosures Under Ifrs

1. Location of the disclosure requirements for PPE, intangible assets, and inventories in IFRS and in the rack up Standards Codification: The base standards for PPE is IAS 16 Property implant and Equipment and IAS 36, impairment of Assets. For US GAAP the standards ar located in ASC 360 Property, plant life and Equipment, ASC 410-20, Asset Retirement Obligations-Asset Retirement Obligations, and ASC 835-20 Interest Capitalization of Interest. The radical standard for impalpable Assets is IAS 38. For US GAAP the standards are ASC 350-30. The dewy-eyed standards for inventories is IAS 2 and for US GAAP the standard is ASC 330. 2. Method for stride alpha fetoproteins goodwill, other intangible assets, and PPE: good will is value at historic terms. Goodwill arising on learnedness of a occupation is carried at be as found at the interlocking of skill. (AFP financial Statements, post 4, F-20 Item J-1) separate Intangible Assets are valued at their histo rical comprise as well. Intangible assets acquired in a business conclave and acknowledge separately from goodwill are initially know 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 fiscal 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 any. (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- achievable 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 expect to foil a full essay, order it on our website: BestEssayCheap.com

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