Annual Reporting Posts

Blog posts from Annual Reporting Posts

Management-defined performance measures under IFRS 18: Narrating your best Performance with Transparency

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Topics hide What Are Management-Defined Performance Measures (MPMs)? Why This Matters IFRS 18 Requirements for MPMs Example The Governance Dimension What is public communications outside the financial statements? Challenges and Opportunities Ahead Final Reflection: From Storytelling to Accountability Sources Management-Defined Performance Measures Management-Defined Performance Measures Management-Defined Performance Measures Management-Defined Performance Measures Management-Defined Performance Measures Management-Defined … Read more

Business travel

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Use back button from the brower Business travel: Transportation of employees for business-related activities. Related Articles: Category 4 Upstream Transportation and Distribution – The best calculation guidance Category 6 Business Travel – The best calculation guidance Category 7 Employee Commuting – The best calculation guidance Category 9 Downstream Transportation and Distribution – The best read

Equity share

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Use back button from the brower Equity share: The equity share reflects economic interest, which is the extent of rights a company has to the risks and rewards flowing from an operation. Typically, the share of economic risks and rewards in an operation is aligned with the company’s percentage ownership of that operation, and equity … Read more

IAS 8 Best summary policies estimates and errors

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IAS 8 Best summary policies estimates and errors comprises a high level summary of the three items in this standard: Accounting policies, Accounting Estimates Errors 1. Accounting policies Definition: Accounting policies are the specific principles, bases, conventions, rules and practices applied by an entity in preparing and presenting financial statements. ↓ ↓ Selection and application … Read more

IAS 36 Other impairment issues

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IAS 36 Other impairment issues – When looking at the step-by-step IAS 36 impairment approach it comes down to the following broadly organised steps: IAS 36 How Impairment test What?? – Determining the scope and structure of the impairment review, explained here, If and when? – Determining if and when a quantitative impairment test is necessary, … Read more

IFRS 5 Non-current assets Held for Sale and Discontinued Operations

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  Topics hide IFRS 5 Non-current assets Held for Sale and Discontinued Operations at a glance – here it is the ultimate summary: IFRS 5 Non-current assets Held for Sale and Discontinued Operations IFRS 5 Non-current assets Held for Sale and Discontinued Operations at a glance – here it is the ultimate summary: Source: https://www.bdo.global/en-gb/services/audit-assurance/ifrs/ifrs-at-a-glance … Read more

Setting 1 complete scene the Expected Credit Losses model

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Topics hide the Expected Credit Losses model Decision tree ECL Model (1) Simplified approach ECL for trade receivables, contract assets and lease receivables (2) Purchased or originated credit-impaired assets (3) + (5) Option – practical expedient low credit risk financial assets (4) Assessing a significant increase in credit risk (6) Recognise lifetime ECL Portfolio or … Read more

IFRS 7 Financial instruments Disclosures High level summary

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Topics hide Scope IFRS 7 Financial instruments Disclosures High level summary Easy understand IFRS 7 Disclosures financial instruments IFRS 7 Financial instruments Disclosures High level summary IFRS 7 Financial instruments Disclosures High level summary IFRS 7 Financial instruments Disclosures High level summary IFRS 7 Financial instruments Disclosures High level summary IFRS 7 Financial instruments Disclosures … Read more