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(adsbygoogle = window.adsbygoogle || []).push({}); Last update 10/03/2020 IAS 12 Income Taxes In the header of this page a link to IAS 12 Income Taxes is provided and below all topics relating to IAS 12 Income Taxes on this blog are listed. The first blog is an overview/introduction, the rest is an A – Z … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); Last update 10/03/2020 IAS 10 Events after the Reporting Period In the header of this page a link to IAS 10 Events after the Reporting Period is provided and below all topics relating to IAS 10 Events after the Reporting Period on this blog are listed in an A – … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); Last update 24/02/2020 IAS 1 The best and proven breached loan accounting – Loan agreements often include covenants that, if breached by the borrower, permit the lender to demand repayment before the loan’s normal maturity date. In response to a borrower’s request, lenders may decide to voluntarily waive some or … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); Last update 10/03/2020 IAS 1 Presentation of Financial Statements In the header of this page a link to IAS 1 Presentation of Financial Statements is provided and below all topics relating to IAS 1 Presentation of Financial Statements on this blog are listed. The first blog is an overview/introduction, the … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); Last update 13/04/2020 How to best account for COVID-19 under IAS 10 Events after the reporting period? The question is whether the COVID-19 crises is an adjusting event of a non-adjusting event for the Financial Statements for the period ended 31 December 2019 that have not been authorised for final … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); Last update 27/04/2020 Topics hide High level overview IFRS 9 Hedge accounting High level overview IFRS 9 Hedge accounting Related posts: High level overview IFRS 9 Hedge accounting OBJECTIVE The objective of hedge accounting is to represent, in the financial statements, the effect of an entity’s risk management activities that … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); Last update 21/04/2020 HIGH LEVEL OVERVIEW IFRS 3 BUSINESS COMBINATIONS Topics hide Scope Definition Definition of a “Business” The Acquisition Method Step 1 – Identify the acquirer Step 2 – Determine the acquisition date Step 3 – Recognise and measure the identifiable assets acquired, the liabilities assumed and any non-controlling … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); Last update 25/02/2020 Held-to-maturity financial assets Example – Held-to-maturity financial assets have passed the SPPI test (solely payment of principal and interest) and the business model test (Held to collect). Held-to-maturity financial assets are measured at amortized cost, using the effective interest method, less any impairment. Only debt investments can be classified … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); Last update 23/02/2020 Financial assets example – Accounting policy example Financial assets are recognized initially at fair value, normally being the transaction price plus, in the case of financial assets not at fair value through profit or loss, directly attributable transaction costs. The subsequent measurement of financial assets depends on their … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); Last update 10/03/2020 Related posts: The Standards IFRS Standards and IFRIC Interpretations