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In many standards recognition criteria, I studied it says “Can be reliably measured or cost can be reliably measured”.
What does it mean exactly? And why it is important?If we are not able to measure the cost of something reliably (maybe, of example, because it is a potential future liability) then how can we get a figure to include in the accounts?
Everything needed in relation to IAS’s (and the rest of the syllabus) is explained in our free lectures. The lectures are a complete free course and cover everything needed to be able to pass the exam well 🙂
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