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cuongtd Last Updated on 02/10/2025 by 75385885 IFRS 15 Significant Judgments and Estimates Topics hide IFRS 15 Significant Judgments and Estimates Why two versions? Why Judgments Matter in IFRS 15 The 5-Step Model of IFRS 15 Significant Judgments and Estimates Step 1 – Identify the Contract with the Customer Step 2 – Identify the Performance Obligations … Read more
Last Updated on 24/02/2020 by 75385885 4 proper uses of Residual value Topics hide 4 proper uses of Residual value Residual value IAS 16 Definition: The residual-value of an asset is the estimated amount that an entity would currently obtain from disposal of the asset, after deducting the estimated costs of disposal, if the asset … Read more
Last Updated on 23/02/2020 by 75385885 Effective interest rate Topics hide Effective interest rate The spreadsheet way The XIRR Function way Amortised cost annual movements The website way Fees that are (not) an integral part of the EIR The rate that exactly discounts estimated future cash payments or receipts through the expected life of the … Read more
IAS 40 Investment property Topics hide IAS 40 Investment property Classification of property as investment property or owner-occupied property Recognition Measurement Transfers Disposals Presentation and disclosure What to buy Investment property Investment property is property (land or a building—or part of a building—or both) held (by the owner or by the lessee as a right-of-use asset) to … Read more
Last Updated on 23/02/2020 by 75385885 Derivative Topics hide Derivative 1. Option transactions 2. Forward transactions – Don’t expect to understand them but al least you can read about them IFRS 9 Definition of derivative: A financial instrument or other contract within the scope of IFRS 9 with all three of the following characteristics. its … Read more
Last Updated on 01/10/2025 by 75385885 The Complete IFRS 15 Revenue Guide – Introduction: Why Revenue Recognition Matters Topics hide The Complete IFRS 15 Revenue Guide – Introduction: Why Revenue Recognition Matters Combine IFRS 15 items with the IFRS 9 ECL-model Step 1 – Identify the Contract Step 2 – Identify the Performance Obligations Step … Read more
Last Updated on 01/10/2025 by 75385885 Guinness corporate governance – A Brand, A Family, A Governance Journey Topics hide Guinness corporate governance – A Brand, A Family, A Governance Journey Part I – From Family Stewardship to Public Accountability The IPO and Its Consequences (1886) Part II – The Guinness Scandal of the 1980s The … Read more
King IV South Africa Corporate Governance: Introduction – Why King IV Matters Topics hide King IV South Africa Corporate Governance: Introduction – Why King IV Matters From King I to King IV – A Governance Journey The Philosophy of King IV The 17 Principles in Practice – Not a Checklist, but a Compass Sector Supplements … Read more
Understanding Significant Business Processes: The Nerve System of Governance Topics hide Understanding Significant Business Processes: The Nerve System of Governance From Business Goals to Critical Processes Mapping Processes to Responsibilities The Anatomy of a Business Process Three Process Objectives: The COSO Lens Identifying Where Errors Could Occur Controls and the Role of Management Why This … Read more
There are over 40 IFRS standards, and without a structure, they can feel chaotic. But here’s the truth: every standard fits into one of a few big themes. I call these themes IFRS Clouds, because each cloud groups related ideas. There are 7 main categories (clouds) and please note that this is not any official … Read more