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IAS 2 – FIFO (Inventory & Production)

IAS 16 – Cost model (Small company; Revaluation costs)


- Depreciation (Straight line; Can’t predict future usage precisely,
simpler)

IFRS 15 – Revenue recognition


- Quarterly orders (At a point in time)

IAS 38 – Patents (India, Bangladesh & Sri Lanka)


- Amortization (Straight line)

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