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IAS 19

This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.

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March 31, 2020 at 8:28 am #566233
qawsedrf
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- Topics: 4
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Hello tutor
why do we multiply interest rate to the OPENING asset/liability, rather than at the YEAR END? Shouldn’t we calculate what has happened during the year?
thank you
March 31, 2020 at 2:54 pm #566253
Stephen Widberg
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- Topics: 15
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For exam use opening unless it tells you to do otherwise – it’s to keep the exam questions simple.
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