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IAS/IFRS

MM074y ago
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?
John MoffatJohn MoffatTutor4y ago#1
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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