5. Accounting policies based on IFRS

Question 1

List some of the key accounting policies

Answer 1

• accounting for inventories (IAS 2)
• Statement of Cash Flows (IAS 7)
• accounting policies (IAS 8)
• accounting for events after the reporting period (IAS 10)
• accounting for property, plant and equipment (IAS 16)
• Investments in Associates and Joint Ventures (IAS 28)
  .* provisions, contingent liabilities and contingent assets (IAS 37)
• Non-current Assets Held for Sale and Discontinued Operations (IFRS 5)
• Operating Segments (IFRS 8)
• Consolidated Financial Statements (IFRS 10)
• revenue from contracts with customers (IFRS 15)
• accounting for leases (IFRS 16)