highlights education and development
highlights education and development
Lucubrate Magazine, Issue 37, August 17th, 2018 Within each accounting standard there contains the official pronouncement along with cross-references and implementation issues. However, accounting standards also include ‘basis of conclusion’…
Lucubrate Magazine, Issue 36, August 10th, 2018 What do all these statements have in common and for that matter what do all financial accounting standards have in common. They all…
Lucubrate Magazine, Issue 35, August 3rd, 2018 Changes in Accounting Estimates and Errors. The article looks into some rules when it comes to Policies, Changes, Estimates, and Errors Accounting…
Lucubrate Magazine, Issue 34, July 27th, 2018 Changes in Accounting Estimates and Errors. Strangely this IAS seems almost to be two standards in one and we’ll address both separately. Bear…
Lucubrate Magazine, Issue 33, July 20th, 2018 This article is an awful lot of schematics and charts. We will go down to gross profit before expenses. In the same vein,…
Prevent Violating Faithful Representation Lucubrate Magazine, Issue 32, July 13th, 2018 IAS 2 is structured and formularized to prevent misrepresentative data from violating faithful representation in order to manipulate net…
Lucubrate Magazine, Issue 31, July 6th, 2018 It is normal to have raw materials, finished-good work-in-process, and finished goods (future cost of sales) inventories. However there are costs, termed conversion…
In the real-world, even CFOs do not walk around citing accounting standards but, when an accounting issue arises they will research the appropriate standard and determine what is the recommended…
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