5 Questions
Which standard specifically addresses the impairment of assets?
IAS 36 – Impairment of Assets
Which standard focuses on the accounting for borrowing costs?
IAS 23 – Borrowing Cost
Which standard deals with the accounting for property, plant, and equipment?
IAS 16 - Property, Plant & Equipment
Which standard is related to the accounting for agriculture?
IAS 41 – Agriculture
Which standard deals with the recognition and measurement of revenue from contracts with customers?
IFRS 15 – Revenue from Contracts with Customers
Study Notes
IAS/IFRS Standards
- IAS 36 specifically addresses the impairment of assets.
- IAS 23 focuses on the accounting for borrowing costs.
- IAS 16 deals with the accounting for property, plant, and equipment.
- IAS 41 is related to the accounting for agriculture.
- IFRS 15 deals with the recognition and measurement of revenue from contracts with customers.
Test your knowledge of International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) with this quiz covering topics such as property, plant & equipment, intangible assets, impairment of assets, borrowing cost, investment property, and more.
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