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Example accounting policies

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Topics hide Example accounting policies Example accounting policies guidance Whether to disclose an accounting policy Change in accounting policy – new and revised accounting standards Early adoption of accounting standards Standards and interpretations issued but not yet effective Financial instruments Employee benefits Reclassification Other potential disclosures Example accounting policies 25 Summary of significant accounting policies … Read more

IAS 8 Accounting policies

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Topics hide IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors IAS 8 Accounting policies IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors IAS 8 Accounting policies Selection and application of accounting policies 7 When an IFRS specifically applies to a transaction, other event or condition, the accounting policy or policies applied … Read more

Business Combinations – IFRS 3 Objective Scope

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IFRS 3 Business Combinations IFRS 3 Objective Scope Objective – IFRS 3 Objective Scope 1 The objective of this IFRS is to improve the relevance, reliability and comparability of the information that a reporting entity provides in its financial statements about a business combination and its effects. To accomplish that, this IFRS establishes principles and … Read more

What Is Fintech reporting IFRS 15

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Topics hide What Is Fintech or Financial Technology And Its Benefits? Financial Technology or Fintech? Example Fintech presentation of Revenue Significant accounting policies – Fintech Revenue C. Interest D. Fintech Fees and commission E. Net trading income F. Net income from other financial instruments at fair value through profit or loss G. Dividend income Notes … Read more

Initial Coin Offering

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Topics hide Initial Coin Offering Accounting for token pre-sale agreements Accounting for ICOs by the issuer IFRS 9 – Financial liability IAS 32 – Equity instrument IFRS 15 – Revenue transaction/prepayment for future goods and services Consider other relevant guidance Accounting for a purchase of goods or services by the ICO entity in exchange for … Read more

Contract enforceability and termination clauses – The best complete 1 read

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Contract enforceability and termination clauses is about those troubles, get your money as entitled or end a contract before you lose too much money. Contract enforceability of rights (AND obligations) in a contract is a matter of law. An entity has to determine the duration of the contract (i.e., the stated contractual term or a … Read more

SPAC Merger under IFRS 3

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Topics hide SPAC Merger Is the transaction a business combination? Accounting when the transaction is not a business combination Accounting when the transaction is a business combination Further considerations Identifying the accounting acquirer Is the acquisition a business combination? Developing an accounting policy when the listed shell is not a business Can the accounting simply … Read more

M and A

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M and A or Mergers and Acquisitions in IFRS language Business Combinations. 1 Identifying a business combination IFRS 3 refers to a ‘business combination’ rather than more commonly used phrases such as takeover, acquisition or merger because the objective is to encompass all the transactions in which an acquirer obtains control over an acquiree no … Read more