IFRS 5

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IFRS 5

Pracs
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04-27-2006, 03:48 AM

Per IFRS 5 such an asset should be classified under the said standard (since there is an intention to sell within a yearâs time and meets other requirements). Presuming that there is no legal agreement to lease back (at the balance sheet date), I think a disclosure to that fact would suffice.

I understand you are towing the line of âsubstance over formâ, what is your opinion on this ?

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IFRS 5 - by Ali Akbar - 04-26-2006, 05:38 AM

[No subject] - by Antimason - 04-26-2006, 06:38 PM

[No subject] - by Ali Akbar - 04-26-2006, 06:44 PM

[No subject] - by Muhammad Adnan Arshad - 04-26-2006, 06:45 PM

[No subject] - by Antimason - 04-27-2006, 01:16 AM

[No subject] - by Pracs - 04-27-2006, 03:48 AM

[No subject] - by Muhammad Adnan Arshad - 04-28-2006, 12:39 AM

[No subject] - by Ali Akbar - 05-01-2006, 12:03 AM