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No. IFRS LIFE
IFRS 9 Financial Instruments Family values, respect, bonding are
9
value driven instruments in a family
10 IFRS 10 Consolidated Financial HUM SAATH SAATH HAIN, family that
Statements console each other
IFRS 11 Joint Arrangements Joint bank accounts, joint property,
11
joint loan etc.
12 IFRS 12 Disclosure of Interests Human nature always interested in
in Other Entities what is happening in other families
Fair price
13 IFRS 13 Fair Value Measurement of life is
evaluated
by neighbours
14 IFRS 14 Regulatory Deferral GURUs are the regulators of life
Accounts
15 IFRS 15 Revenue from Contracts Child has a lifetime contract with
with Customers Parents
16 IFRS 16 Leases Modern life is now full of lease and less
of asset. This pandemic may change the
idea of modern life back to traditional life
of save for crisis
“Family values, respect,
bonding are value driven
instruments in a family”
CA Ritesh Mehta
Disclaimer:
This article and/or write ups and/or any of its content shall not be treated as opinion and/or advice in any circumstances of the author(s) and/ or the Chapter. Reader’s to apply their best
judgement in the best interest of their requirement and should seek a formal opinion on any issue.
The Institute of Chartered Accountants of India (Dubai) Chapter NPIO TAX JOURNAL 2020 69
