Although earnings per share is a very popular performance measurement tool, it is not without its drawback and limitations. Here are four important drawbacks you should know for your IAS 33 EPS studies.
We’ve just finished a mind map for IAS 17 Leases.
Update: Our mind maps are no longer available to buy. If they’re something you’d like to see updated and for sale again please let us know so we can guage interest. Thank you.
There are two underlying assumptions for the preparation of financial statements, these are
An agency relationship exists where a principal (the owner) or an organisation engages an agent (the manager) to perform duties on the principal’s behalf. For example, the shareholders delegate the running of a business to the directors. Here’s a quick overview if you’re studying Governance Risk and Ethics.
We’ve added a new IFRS 11 mind map and summary note. IFRS 11 replaces IAS 31 Interests in Joint Ventures for annual periods beginning on or after 1 January 2013.
Check out our latest mind map for IFRS 5 Non-current Assets Held for Sale and Discontinued Operations.
If you’re studying IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors, why not test your knowledge with our multiple choice quiz? This is available by clicking here. By practicing questions you’ll improve your study and recall, ideal for people who learn best by ‘doing’ rather than just reading.
There are three main types of organisation you’ll come across when studying Governance, Risk and Ethics. Each of these have different aims and motives, so may deal with similar issues each in a different way. Let’s take a look at them:
Recently we’ve had a request for a summary of the IASB Conceptual Framework.