IAS 23 Borrowing Costs: Capitalisation, Examples and Entries

IAS 23 Borrowing Costs explains when finance costs must be added to the cost of a qualifying asset and when they must be expensed. This ...

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IFRS 13 Fair Value Measurement: Hierarchy, Methods and Example

Last reviewed: August 2026. IFRS 13 Fair Value Measurement explains how to measure fair value when another IFRS Accounting Standard re...

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IAS 21 Foreign Currency Transactions: Entries and Examples

Last reviewed: August 2026. IAS 21 The Effects of Changes in Foreign Exchange Rates explains how to record foreign-currency transactions ...

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IAS 36 Impairment: Recoverable Amount and CGU Example

Last reviewed: August 2026. An asset is impaired when its carrying amount is higher than the amount the entity expects to recover through ...

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IFRS 16 Lease Accounting: Lessee Journal Entries and Example

Last reviewed: August 2026. IFRS 16 Leases brings most leases onto a lessee’s statement of financial position. Instead of recording only ...

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IFRS 19 Explained: Eligibility, Reduced Disclosures and 2027 Effective Date

Last reviewed: August 2026. IFRS 19 is a voluntary disclosure standard for eligible subsidiaries and is effective for annual reporting pe...

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