The Financial Reporting Council, FRC, has explained that Nigeria has not gotten to the point of hyperinflationary economy, adding that International Accounting Standards, IAS 29, is not necessary in ...
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FRC clarifies position on IAS 29 for hyperinflationary economiesIAS 29 outlines financial reporting requirements for entities in hyperinflationary economies but does not explicitly define when hyperinflation occurs. Instead, it provides indicators, such as a ...
The Financial Reporting Council of Nigeria (FRC), yesterday, said the International Accounting Standard (IAS) 29, which borders on reporting in hyperinflationary economies, does not apply to ...
IAS 29 outlines the accounting requirements for entities in hyperinflationary economies. It does not specify when hyperinflation arises or is deemed to arise but rather outlines several indicators of ...
FRC, which oversees issuance and enforcement of financial reporting and corporate governance standards, ruled out the possibility of application of the International Accounting Standard (IAS ...
According to Deloitte, IAS 29 applies where an entity’s functional currency is that of a hyperinflationary economy. The standard does not prescribe when hyperinflation arises but requires the ...
The state government on Monday named 16 senior IAS officers as secretaries in charge of as many aspirational districts under ...
The actress we are talking about today once aspired to be an IAS officer and wanted to join the civil services.
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