In this article, we would like to tell you more about IAS 36, but the main topic will be about Annual Reporting. What can you find on their website? We will guide you through. Let’s start reading this article together!
Meet Annual Reporting for your annual reporting
What is IAS 36 about? IAS 36 talks about the impairment of assets. Because the information is extensive, we will only describe in a few words what IAS 36 is about, then we will move on to annualreporting.info, what they offer and what kind of information you can find there. IAS 36 is mainly about impairment testing, in which case it is about assets, as we also mentioned a moment ago. What you have to deal with a lot in this area are, for example, leases and cash flows. So we would like to refer you to the website and will now go into what they have to offer. So we’re not going to tire you with complicated information!
If you click on the website and take a preliminary look, the first thing you will see is: IFRS topics A – Z. This is incredibly helpful, because they thus explain to you what each word means. Because indeed, it sometimes feels like a language all its own, everything to do with Annual Reporting, so it’s wise to take a look at that list first before you start looking at the real definitions of IFRS and the real definitions of IAS themselves.
When we click on it, we see that it is an alphabetical order, which is always up-to-date, as they themselves state. You’ll find explanations including:
- Amortised Cost
- Historical cost measurement
- What do levies look like?
And we think a hundred more have been worked out, maybe hundreds. In other words, do you have a question about a concept? Then chances are very good that the concept is in there. And you know, you can assume from us, that you are absolutely dealing with a reliable source of information. And that’s what you need! What’s also nice is that everything is in one place instead of scattered all over the Internet.
Do you need more information about IAS 36?
We hope that everything is clear at this point. If there are things still unclear or if you need more information about IAS 36 or IAS in general, please do not hesitate to ask your questions via www.annualreporting.info. They are happy to help you with all your questions about IAS or IFRS, for example IAS 36 or any other standard designed. They are of great importance in the world of accountants, but tax advisors also need to know the basics.