Let's Learn IFRS

Expense vs. Loss: Understanding the Differences and Implications in Finance

In the world of finance, it's important to understand the difference between expenses and losses. While both terms refer to money going ...

Expense vs. Loss: Understanding the Differences and Implications in Finance

Reviewed by Azreen Bishrey on Monday, November 24, 2014 Rating: 5

The International Financial Reporting Standards (IFRS) are a set of accounting standards developed by the International Accounting Standards...

Understanding the Difference Between Revenue and Gain in Finance as per IFRS

Reviewed by Azreen Bishrey on Sunday, November 23, 2014 Rating: 5

International Accounting Standard (IAS) 32 provides guidance on the accounting treatment for financial instruments, including compound finan...

Demystifying the Accounting for Compound Financial Instruments (IAS 32)

Reviewed by Azreen Bishrey on Tuesday, October 21, 2014 Rating: 5