3 requirements of IFRS 8 on identification of reportable segments.

IFRS 8 reporting segments seeks to assist the user of financial statements gain a clearer understanding of the performance of the business by requiring disaggregation of the reported financial information into segments.

Definition of reportable segment.

IFRS 8 requires an entity to report financial and descriptive information about its reportable segments. Reportable segments are operating segments or aggregation of reporting … Read the rest

Five (5) components of set of financial statements.

Financial statement are report prepared by management of the entity to provide information to owners of the entity and other users about the financial position and financial performance of the entity.



The following are components of set of financial statements:

  • statement of financial position;
  • statement of comprehensive income;
  • statement of changes in equity;
  • statements
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Benefits of Distance Education and Learning from Home

Benefits of Distance Education and Learning from Home

Online learning is an ideal choice for those raising children.

 Like all other aspects of life, people are free to choose the path they want to pursue.

However, for those who want to be educated despite serious obstacles such as time and space, the advantages of online learning are very attractive



Flexibility

Many institutions try … Read the rest

assurance team

Assurance team – meaning

Assurance team are all professionals participating in the assurance engagement and all others within a firm who can directly influence the outcome of the assurance engagement, including:

  • Those who recommend the compensation of, or who provide direct supervisory, management or other oversight of the assurance engagement partner in connection with the performance of the assurance engagement.
  • Those who provide consultation
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