Professional Documents
Culture Documents
IAS 36: Impairment asset(loss in value of an asset) (its not covered by depreciation which is regular
reduction of value of an asset) (this is physical damage of an asset)
To know the net income and calculate exact tax(why because it lower the taxes)
IAS2: Inventories
IAS13: Investment
Any short term investment which can be convertible in to cash (holding period is < 3 months)
1. Operating activities: purchases, sells, salaries exp,general exp (day to day operation of the
business which due to the profit & loss)
2. Investing activities: equity of share of any other company, give loan & get interest for bank
interest is operating activities
3. Financing activities :