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{"ops":[{"insert":"2. Using hypothetical but realistic organizations, present different scenarios that may lead to a deviation from the proper use of the following accounting standards:\n\n1. IAS 16 Property, plant and equipment\n2. IAS 40 Investment Property\n3. IAS 36 Impairment\n4. IAS 37 Provisions, contingent assets and contingent liabilities\n5. IAS 2 Inventories\n6. IAS 38 Intangible assets\u00a0\n7. IFRS 15 Revenue\n8. IFRS 16 Leases\n\nThe entity that you create must have a name and actual transactions (with figures). Student groups are encouraged to be as creative and innovative as possible. The accounting standard in each case must first be explained in the groups own words, not as provided in the notes or plagiarised from literature, before a deviation may be discussed.\nThe example of deviation from the proper use of the standard must include recognition, measurement and de-recognition of the element in a particular case.\t\tTotal Marks: 40\n"}]}
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