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IFRS 2 Determination of the vesting period

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Last update 25/06/2020 Topics hide Overview IFRS 2 Determination of the vesting period Service commencement date and grant date Exhibit – Service commencement date before grant date Graded vesting Exhibit – Graded vesting Attribution to periods Exhibit – Straight-line attribution and different reference periods Exhibit – Straight-line attribution with challenging performance target Variable vesting period … Read more

Cost Formulas for Inventories – FIFO, LIFO and Weighted Average Cost (IAS 2)

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Last updated: 14 March 2020 IAS 2 specifically allows making approximations when measuring the cost of inventories. Popular approximations include standard cost method or the retail method (IAS 2.21-22). Standard costs take into account normal levels of materials and supplies, labour, efficiency and capacity utilisation. Under retail method, the cost of inventory is determined by … Read more

Cost of Inventories (IAS 2)

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Last updated: 14 March 2020 Under IAS 2, inventories are measured at the lower of cost (see below) and net realisable value (IAS 2.9). Components of cost The cost of inventories comprises all costs of purchase, costs of conversion and other costs incurred in bringing the inventories to their present location and condition (IAS 2.10). … Read more

IFRS 2 Determination of type of equity instruments granted

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Last update 27/06/2020 IFRS 2 Determination of type of equity instruments granted, the types are: Topics hide Employee share purchase plans Exhibit – Share purchase plan at fixed price for longer period IFRS 2 Determination of type of equity instruments granted Exhibit – Impact of classification as true ESPP or as option plan Share purchases … Read more

IAS 2 Inventories: Scope, Definitions and Disclosure

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Last updated: 14 March 2020 IAS 2 covers accounting for inventories. It applies to all inventories except financial instruments (covered by IAS 32 and IFRS 9) and biological assets that are in the scope of IAS 41. Additional scope exemption relates to the measurement of inventories by certain producers of agricultural and forest products, agricultural … Read more

Presentation of Financial Statements (IAS 1)

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Last updated: 13 March 2020 General requirements for financial statements presentation are included in IAS 1 Presentation of Financial Statements. In general, this standard relates only to annual financial statements. However, paragraphs IAS 1.15-35 apply also to interim reporting (IAS 1.4). They cover fair presentation and compliance with IFRS, going concern, accrual basis of accounting, … Read more

Example: Leases under IFRS 16 during COVID-19

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The pandemics of coronavirus, or COVID-19 has been here for a while and after the first shock of its quick spread and effect on people’s health, we are all seeing its economic consequences. In order to stop the spread, governments in many countries ordered complete lockdown. Many businesses had to stop their operations and thus … Read more

IFRS 2 How to easily determine the grant date

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(adsbygoogle = window.adsbygoogle || []).push({}); Last update 15/05/2020 IFRS 2 How to easily determine the grant date – The determination of grant date is important because this is the date on which the fair value of equity instruments granted is measured. Usually, grant date is also the date on which recognition of the employee cost … Read more

IFRS 2 Employee equity-settled share-based payment

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(adsbygoogle = window.adsbygoogle || []).push({}); Last update 12/05/2020 Topics hide IFRS 2 Employee equity-settled share-based payment – Headlines Identify an employee Basic principles Modified grant-date method, including true-up of the share-based payment cost Example 1 – Equity-settled share-based payment transaction with a service condition Example 2 – Equity-settled share-based payment transaction with a non-market performance … Read more