by Ekrem Duman | Jun 19, 2026 | Accounting, Assets & Leases
⚡ TL;DRIAS 40 governs investment property — land or buildings held to earn rentals or for capital appreciation, rather than for use in operations or sale in the ordinary course of business. It uniquely allows a fair value model where changes in value go straight to...
by Ekrem Duman | Jun 19, 2026 | Accounting, Assets & Leases
⚡ TL;DRIAS 36 ensures assets are not carried above their recoverable amount. It requires an impairment test when indicators exist — and annually for goodwill and indefinite-life intangibles — comparing carrying amount with the higher of fair value less costs of...
by Ekrem Duman | Jun 19, 2026 | Accounting, Assets & Leases
⚡ TL;DRIAS 38 governs intangible assets — identifiable non-monetary assets without physical substance, such as patents, licences, software, and capitalised development costs. It sets strict recognition criteria, generally prohibits capitalising research and internally...
by Ekrem Duman | Jun 19, 2026 | Accounting, Assets & Leases
⚡ TL;DRIAS 16 governs property, plant and equipment: how to recognise and measure tangible long-lived assets, how to depreciate them over their useful lives, and how to choose between the cost model and the revaluation model. It is foundational for asset-heavy...
by Ekrem Duman | Jun 19, 2026 | Accounting, Assets & Leases
⚡ TL;DRIFRS 16 requires lessees to bring almost all leases onto the balance sheet as a right-of-use asset and a lease liability, ending the old operating-versus-finance lease distinction for lessees. It changed the shape of balance sheets, lifted reported EBITDA, and...
