What Are Accounting Policies Under IFRS? Accounting policies are the specific principles, bases, conventions, rules, and practices a company applies when preparing and presenting its financial statements. They determine how a transaction, balance, or event is recognised, measured, and disclosed. Under International Financial Reporting Standards (IFRS), the standard that governs the selection, application, and disclosure … Read more

Joint operation or joint venture? Understanding how accounting services in the UAE classify and account for joint arrangements matters for any business co-investing with another party. This guide covers investments in joint arrangements, which fall into either a joint operation or a joint venture under IFRS 11, Joint Arrangements. IFRS 11 was introduced in 2011 … Read more