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cuongtd (adsbygoogle = window.adsbygoogle || []).push({}); Methods for measuring progress towards complete satisfaction of a performance obligation B14 Methods that can be used to measure an entity’s progress towards complete satisfaction of a performance obligation satisfied over time in accordance with paragraphs 35–37 include the following: output methods (see paragraphs B15–B17); and input methods (see paragraphs … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); Need for accounting measurementNeed for accounting measurement provides a summary of the measurement bases in use in Financial Reportingand the concepts behind these measurement bases.The measurement bases that will be considered here are: Topics hide Need for accounting measurement Need for accounting measurement provides a summary of the measurement bases … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); Topics hide IFRS 9 Eligible Hedged items The definition of a Hedged item Risk components of non-financial items Contractually specified risk components Non-contractually specified risk components IFRS 9 Inflation as a risk component The ‘sub-LIBOR issue’ IFRS 9 Hedging groups of net positions IFRS 9 Hedging layers of a group … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); IFRS 15 Revenue disclosure requirementsprovides the disclosure requirements for IFRS 15 Revenue from Contracts with Customers in 8 Questions & Answers Topics hide Check the answers to these 8 questions: DISCLOSURES IN THE NOTES TO THE FINANCIAL STATEMENTS 1. What are the cross-cutting issues in the preparation of the notes … Read more
List of external resources that an accountant may find useful and that are relevant to multiple IFRS Standards. Useful resources that are related to a specific standard are linked to in the respective parts of our knowledge base. Impact of COVID-19 on financial statements Recent hot topic. The best publications are by EY and PWC … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); Topics hide Best guide IFRS 16 Lessee modifications Overview Discount rates Separate lease Not a separate lease Increase in scope not at stand-alone price Decrease in scope Other lease modifications More complex combinations of modifications Termination or break of a lease Master lease agreements Best guide IFRS 16 Lessee modifications … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); Topics hide Best guide IFRS 16 Lessor modifications Discount rates Lessor modifications to finance leases Separate lease Not a separate lease – Finance to operating Not a separate lease – Finance to finance Determining whether the modification is substantial Accounting for a substantial modification Accounting for a modification that is … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); Topics hide Classification of leases Finance leases Recognition and measurement Initial measurement Subsequent measurement Operating leases Recognition and measurement Presentation Disclosure Finance leases Operating leases Classification of leases Application Guidance in Appendix B, paragraphs B53–B58 61 A lessor shall classify each of its leases as either an operating lease or … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); Topics hide IFRS 16 Effective date of a modification IFRS 16 Effective date of a modification Related posts: Related posts: IFRS 16 Effective date of a modification The date on which to account for a lease modification is a key consideration – and may be earlier than you think. Lease … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); An asset that represents a lessee’s right to use an underlying asset for the lease term. IFRS terms or definitions are retrieved from IFRS Standards that come from the Official Journal of the European Union (© European Union, https://eur-lex.europa.eu). The information provided on this website is … Read more