IAS 8 Basis of Preparation of Financial Statements
Current assets are items of value that can convert into cash within one year (e.g., checking account). Noncurrent assets are items of value that take more than one year to convert into cash. In April 2024 the Board issued IFRS 18 Presentation and Disclosure in Financial Statements which replaced IAS 1 Presentation of Financial Statements.…
Read more