IFRS Masterclass blog

Here is a quick and easy refresher of Amortized cost and effective interest rate.

Why do we use Amortized cost method?

The textbook answer is because IFRS 9 said so.

The conceptual answer is that...

This is not just a standard to make your financial statements look good.

If you're not yet up to speed with sustainability-related reporting, you might think the standard is just about making...

You are not alone.

IFRS 17 implementation is a challenge for everyone. 

So far, we didn't have a consistent approach to account for insurance contracts. But that's okay. Even physicists could...

In this article, we would simplify Lessee accounting. 

The Flashback

Before IFRS 16 we had to decide whether a lease is a finance lease or an operating lease for both the lessee and the...

In this article, we won't just unravel the technicalities; we'll embark on a journey to demystify IAS 36, exploring its real-world implications and equipping ourselves with a sharper lens to decode...

IFRS 17: To the complete beginner…

The objective of this article is to provide you with a bigger-picture view of how IFRS 17 wants to capture the insurance contracts in financial statements....