cuongtd

Last update 23/12/2019 Introduction to a history of innovation in financial reporting – Philips Electronics is a Dutch listed company. Inspired by the fast-growing electricity industry and the promising results of son Gerard’s own experiments to make reliable carbon filaments, in 1891 Frederik Philips financed the purchase of a modest factory in Eindhoven. Their plan? … Read more

Last update 18/12/2019 Introduction IFRS 17 Insurance contracts – More than 20 years in development, IFRS 17 represents a complete overhaul of accounting for insurance contracts. The new standard applies a current value approach to measuring insurance contracts and recognises profit as insurers provide services and are released from risk. The profit or loss earned … Read more

Last update 01/12/2019 Internet domain names – In a Business Combinations, this is a intangible asset and is therefore recognised separately from goodwill, provided that its fair values can be measured reliably. This marketing-related intangible asset meets the definition of an intangible asset because it arises from contractual or other legal rights. An Internet domain … Read more

Last update 20/11/2019 Interest-free term loan No bank debt is a case covering several interesting accounting issues under IFRS 9: Initial recognition, recalculating interest-free to an imputed effective interest and classification of capital contribution, Classification of the loan as at amortised costs (business model test and SPPI test), Impairment triggering Interest-free term loan No bank … Read more

Last update 02/12/2019 Interest-free demand loan No bank debt – Parent A advances an unsecured loan for €1m to Subsidiary B on 1 January 2018 with the following terms: 0% interest; Interest-free demand loan No bank debt €1m repayable on demand. Interest-free demand loan No bank debt Initial recognition of an interest-free demand loan IFRS … Read more

Last update 22/12/2019 Illustrative examples – Interaction Defined Benefit Asset and Minimum Funding Requirements These examples accompany, but are not part of, IFRIC 14. Example 1 – Effect of the minimum funding requirement when there is an IAS 19 surplus and the minimum funding contributions payable are fully refundable to the entity IE1 An entity … Read more

Last update 02/12/2019 Inter-company loans (in the separate or individual financial statements) See also Loans at below market interest rates and Loans to an employee for further discussions on related party loans. The accounting for the below-market element of an inter-company loan in the separate or individual financial statements of the entities is not addressed … Read more

Last update 22/12/2019 Intangible valuation approach – Valuation assignments must estimate the value of intangibles, recognising the volatility, ongoing creation and problems with protection and enforcement. Business valuation analysts have been independently valuing intangible assets for many years, usually in the context of an exchange between owners (transaction), for estate and gift tax purposes or … Read more

Last update 22/12/2019 Insurances risk adjustment for non-financial risks – The risk adjustment for non-financial risk is the compensation that the entity requires for bearing the uncertainty about the amount and timing of cash flows that arise from non-financial risk [IFRS 17 37]. The risks covered by the risk adjustment for non-financial risk are insurance … Read more

Last update 05/12/2019 Topics hide Insurances Classification and Measurement – Introduction Insurances Classification and Measurement Related posts: Insurances Classification and Measurement – Introduction (first part from https://en.wikipedia.org/wiki/Insurance) Insurances Classification and Measurement Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent … Read more