Fixed assets should be depreciated over their useful life. The useful life is defined as the time of use of...
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If at least one impairment indicator occurs, a detailed impairment test is required. Internal indicators -...
More about impairment of fixed assetsMany accountants tend to think so. This hardly comes as a surprise, especially given the legal accountability they...
More about accountingRound all the numbers you enter to nearest thousands. This is sufficient to do the estimates. Throughout the...
More about inventory and debt provisionsIf I?m unable to solve a complex accounting problem, I try to work it out using the simple round numbers. Then it?s...
More about resolving complex accounting problemsIt is necessary to identify employee benefits (retirement bonus / severance pay, jubilee awards) in the amount...
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