International Financial Reporting Standards IFRS Principles

The going concern concept assumes that a company will continue its operations in the foreseeable future. It implies that the entity has neither the intention nor the need to liquidate or curtail materially the scale of its operations. In 2007, they also removed the requirement of non-US companies operating within the states to comply with … Ler mais

What Is a Defined Contribution Plan?

Multi-employer plans are plans that pool the assets contributed by various entities (not under common control) to provide benefits to employees of those entities. IAS 19 requires consideration of the underlying characteristics to determine whether it should be classified and accounted for as a defined benefit or defined contribution plan. Under US GAAP, multi-employer plans … Ler mais