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cuongtd Topics hide IFRS vs US GAAP Leases Standards Reference Overview Scope comparisons Identification of a lease Lease and non-lease components Definition of Lease term Definition of lease payments Definition of discount rate Definition of Initial direct costs Accounting for leases – Lessor – Classification of a lease Accounting for leases – Lessor – IFRS vs … Read more
Topics hide Lease payments – Lessee perspective Categories of lease payment Residual value guarantees Renewal, termination and purchase options Lease payments – Lessor perspective Payments that depend on an index or rate Initial measurement of the lease liability Reassessment of the lease liability Payments that depend on an index Payments that depend on a rate … Read more
Topics hide IFRS 16 Leases IFRS 16 Lessee Recognition Measurement Initial measurement Initial measurement of the right-of-use asset Initial measurement of the lease liability Subsequent measurement Subsequent measurement of the right-of-use asset Subsequent measurement of the lease liability Reassessment of the lease liability Lease modifications Presentation Disclosure IFRS 16 Leases IFRS 16 Lessee Recognition 22 … Read more
IFRS vs US GAAP Employee benefits The following discussion captures a number of the more significant GAAP differences under both the impairment standards. It is important to note that the discussion is not inclusive of all GAAP differences in this area. The significant differences and similarities between U.S. GAAP and IFRS related to accounting for … Read more
A provision is a liability of uncertain timing or amount. IFRS terms or definitions come from the Official Journal of the European Union (© European Union, https://eur-lex.europa.eu). Individual jurisdictions around the world may require or permit the use of (locally authorised and/or amended) IFRS Standards for all or some publicly listed … Read more
Topics hide Insurance contracts definitions Insurance contracts definitions Insurance contracts definitions Insurance contracts definitions – Here are all of the IFRS 17 Insurance contracts definitions from Appendix A. IFRS 17 Defined terms form C to I Term Definition CSM A component of the carrying amount of the asset or liability for a group of insurance … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); Topics hide IFRS vs US GAAP Investment property Introduction Overview Definition and classification IFRS vs US GAAP Initial measurement Investment property IFRS vs US GAAP Subsequent measurement investment property IFRS vs US GAAP Fair value model Investment property IFRS vs US GAAP Cost model Investment property Subsequent expenditure Transfers to … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); The measurement period in business combinations explains the one year window allowed in properly accounting for business combinations or as they have been called in the past acquisitions/M&A etc. The accounting for a business combination requires substantial effort and resources. The initial accounting often is incomplete at the end of … Read more
Use back button from the brower (adsbygoogle = window.adsbygoogle || []).push({}); The measurement period is a sort of extension to the acquisition method (IFRS 3). When initial accounting for an acquisition is incomplete (or if afterwards appears to have been incomplete) at the end of the reporting period in which the business combination occurs it … Read more
Use back button from the brower (adsbygoogle = window.adsbygoogle || []).push({}); Treasury shares represent shares issued by an entity and at a later stage purchased back by the same issuing entity for immediate cancellation or held for resale. These are debited directly to equity and in general shown as a separate class in equity. This … Read more