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cuongtd Last update 05/01/2020 Market-corroborated inputs are inputs to fair value calculation models that are derived principally from or corroborated by observable market data by correlation or other means (level 2 inputs see below). By correlation or other means implies the inputs are directly or indirectly based on executable market prices, modified mathematically to pertain to … Read more
Last update 05/12/2019 Disclosure requirements IFRS 4 and IFRS 17 – Explanation of recognized amounts from IFRS 4 to IFRS 17 1 Introduction Disclosure requirements IFRS 4 and IFRS 17 [IFRS 17 (98), IFRS 17 (93)-(96)] IFRS 4 requires an entity to disclose information that identifies and explains the amounts in its financial statements arising … Read more
Last update 21/08/2019 The risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises three types of risk: currency risk, interest rate risk, and other price risk. Currency risk The risk that the fair value or future cash flows of a … Read more
Last update 14/12/2019 Explanation of recognised amounts Disclosure recognised insurance amounts An entity is required to disclose the following: Reconciliations that show how the net carrying amount of contracts within the scope of IFRS 17 changed during each period (see 1 below) Disclosures for contracts other than those to which the entity applies the premium … Read more
Last update 11/12/2019 Macro hedging – IFRS 9 hedge accounting applies to all hedge relationships, with the exception of fair value hedges of the interest rate exposure of a portfolio of financial assets or financial liabilities (commonly referred as ‘fair value macro hedges’). This exception arises because IASB has a separate project to address the accounting … Read more
Last update 11/12/2019 Disclosure of significant judgments for insurances – Consistent with IAS 1, IFRS 17 requires disclosure of significant judgment and changes in judgment that an entity makes in applying the standard [IFRS 17 93 and IAS 1 122]. Specifically, an entity must disclose the inputs, assumptions and estimation techniques it has used, including … Read more
Last update 21/08/2019 IFRS 9 includes a practical expedient for low credit risk financial instruments. Characteristics of low credit risk financial instruments include: Strong capacity to meet its contractual cash flow obligations in the near term, Adverse changes in economic and business conditions in the longer term may, but will not necessarily, reduce the borrower’s … Read more
Last update 23/12/2019 Disclosure of restrictions to cash and its equivalents – Restricted cash and cash equivalent balances are those which meet the definition of cash and cash equivalents but are not available for use by the group. In practice, these balances may arise when a subsidiary in a group operates in a jurisdiction where … Read more
Last update 06/12/2019 Low credit risk, in the context of IFRS 9, is an indicator assigned to financial instruments deemed to have low default risk, that is a low likelihood of any credit event the borrower has a strong capacity to meet contractual cash flow obligations both in the near term. It is an important … Read more
Last update 16/09/2019 The disclosures regarding operating segments focus on the information that management believes is important when running the business. The disclosure requirements are summarised below. Information required Disclosures General information Factors used to identify the reportable segments. Types of product/service from which each reportable segment derives its revenue. Information about the reportable segment; … Read more