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full ifrs
PREPARATION AND PRESENTATION OF FINANCIAL
IAS 18
This Standard shall be applied in accounting
for revenue arising from the following
transactions and events:
• the sale of goods
• the rendering of services
• the use by others of entity assets yielding
interest, royalties and dividends.
IAS 11
This Standard shall be applied in accounting
for construction contracts in the financial
statements of contractors.
Initial Measurement
Finance leases are initially measured at
amounts equal to the fair value of the leased
Lessees — Finance Leases
property or, if lower, the present value of
minimum lease payments.
Subsequent Measurement
The resulting
adjustments arise from transactions, other
events or conditions before the date of
transition to this IFRS.
Therefore, an entity shall recognise those
Recognition of Adjustments
adjustments directly in retained earnings (or, if
appropriate, another
category of equity) at the date of transition to
this IFRS.