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.
2 Underlying Assumptions of the IFRS Conceptual Framework
Underlying assumptions
There are two underlying assumptions for the preparation of financial statements, these are
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Update: IFRS 9 Financial Instruments summary note
If you’re studying IFRS 9 Financial Instruments, here’s a short one page summary we’ve just uploaded. You can read more about these notes by clicking here.
Agency Theory and Relationships for Governance Risk and Ethics
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.
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Update: IFRS 11 Joint Arrangements note and mind map
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.
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New mind map: IFRS 5 Non-Current Assets Held for Sale and Discontinued Operations
Check out our latest mind map for IFRS 5 Non-current Assets Held for Sale and Discontinued Operations.
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Update: IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors quiz
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.
Different Types of Organisation you Should Know for Governance Exams
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:
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Update: IASB Conceptual Framework summary note
Recently we’ve had a request for a summary of the IASB Conceptual Framework.
Update: IAS 32 Financial Instruments – Presentation summary note
If you’re studying IAS 32 Financial Instruments – Presentation, here’s a short one page summary we’ve just launched. You can buy these summaries by clicking here.
Read moreUpdate: IAS 32 Financial Instruments – Presentation summary note