Impairment of assets.

Visit the website of IFRS (www.ifrs.org) and also the websites of International Accounting firms such as Ernst& Young, PwC, KPMG, Deloitte, and BDO. Report on the following accounting standards

1. IFRS-5 Noncurrent assets held for sale and discontinued operations.
2. IFRS-16 Leases
3. IAS 16- Property, plant, and equipment.
4. IAS 38 Intangible assets
5. IAS 36 Impairment of assets.
6. Briefly explain the principles of IAS 2 with regard to valuation of inventory.
7. Briefly explain the principles of IAS 41 with regard to valuation of agricultural and biological items.