How to recognize assets as per IFRS. ?

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For the extraordinary items, are they recognized by the IFRS ? And What about GA...
Posted by:
Tamer Elbeshbishy
27-December-2014

IFRS

IFRS Banking &amp Finance

Question added by Kaleem Khan , Accountant , VariMile Technologies
Date Posted: 2018/09/01

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by Santhoshkumar PV , Finance Controller , High Class uPVC Profile Manufacturing LLC

Asset is a resource controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity (IASB Framework).

Please note : controlled, not owned

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