Fixed Assets under IFRS

• By: Mike Morley, Certified Public Accountant
• Date: November 06, 2011

The whole point of IFRS is to produce clear, reliable, relevant, and comparable financial statements that lenders and investors can depend on to make informed decisions. IFRS measures fixed assets in terms of their present and future contributions to the company.

Mike Morley, a Certified Public Accountant, explains the IFRS criteria for valuing fixed assets.