Weakness of ias 38 in cryptocurrency

Feby 8, 2020
weakness of ias 38 in cryptocurrency

weakness of ias 38 in cryptocurrency

IAS 36 seeks to ensure that an entity's assets are not carried at more than their recoverable amount (i.e. the higher of fair value less costs of disposal and value in use). With the exception of goodwill and certain intangible assets for which an annual impairment test is required, entities are required to conduct impairment tests where there is an indication of impairment of an asset, and ...

 · Welcome to Sleepy Classes. Top Quality GS Coaching. FREE. Creating IAS from the grassroots of our nation. All the Free Courses available here: On YouTube (ar...

 · Audio article is a new initiative of Drishti IAS for aspirants preparing for Civil Service Examination. In this special program, Drishti will provide crux of important English articles from ...

IAS 38 IFRS Blog is Cryptocurrency an intangible asset? February 3 IFRS 9 Expected credit loss model April 8 A recap on IFRS 9 for investments IFRS 9 and 15 Reporting non gaap measures January 1 IFRS 9, 15 and 16 Impact on interim financial statements July 12 ... segment is a known weakness in the accounting standard. ? ...

individual accounts (section 395(1)(a) of the Act), whereas those prepared in accordance with EU-adopted IFRS are IAS individual accounts (section 395(1)(b) of the Act). 8 FRS 102 (March 2018) 1.5 An entity whose debt or equity instruments are publicly traded, or that files, or is in the

The International Accounting Standards Board issued IFRS 8, ‘Operating segments’ in November 2006. The standard replaces IAS 14, ‘Segment reporting’. It applies to annual reporting periods beginning on or after 1 January 2009. Early adoption is permitted. The key implementation issues are as follows:

 · EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and …

To print this article, all you need is to be registered or login on Mondaq.com. Generally, cryptoassets, including cryptocurrencies such as Bitcoin, are transferrable digital assets which utilise Distributed Ledger Technologies (DLT) to verify and secure transactions without the intervention of any middleman, that is, a decentralised structure.

Technical EW ias Long-term (12 months): ullish Short-term(1-4 weeks): Sideways then bullish Ripple declined as we expected in previous report, but we still think it’s a part of correction in wave IV. It found support at 1.9 and correction can be completed at this stage around 38…

Performing Audit Procedures in Response to Assessed Risks 1783 • The characteristics of the class of transactions, account balance, or disclosure involved • The nature of the specific controls used by the entity, in particular, whether they are manual or automated • Whether the auditor expects to obtain audit evidence to determine if the entity's controls are effective in preventing or ...

weakness of ias 38 in cryptocurrency