Annual Reporting Posts

Blog posts from Annual Reporting Posts

Double Materiality Assessment under CSRD – 1 Best Guidance on Implementation

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Topics hide Double Materiality Assessment under CSRD – 1 Best Guidance on Implementation Overview Double Materility Assessment Double Materility Assessment – How to do it? Step 1 in Double Materility Assessment – Understand the Context and Define a Strategy for Stakeholder Involvement Step 2 in Double Materility Assessment – Identify Potential Material Topics and their … Read more

Key Elements for Corporate ESG-reporting – 1 Best and complete overview

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Topics hide Key Elements for Corporate ESG-reporting Key elements – Key Elements for Corporate ESG-reporting Terminology Purpose of reporting Company mission, statement of purpose, strategy Board responsibility Non-Executive Directors and oversight Stakeholder dialogue and engagement Audience of the report Integrated reporting Materiality Impact, outcomes and Sustainable Development Goals (SDGs) Timeliness Consistency and comparability Standardized comparable … Read more

The International Sustainability Disclosure Standards – IFRS S1 and IFRS S2 – Best read

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Topics hide The International Sustainability Disclosure Standards – IFRS S1 and IFRS S2 Frequently asked questions Introduction to The International Sustainability Disclosure Standards Overview of the IFRS Sustainability Disclosure Standards IFRS S1 – General Requirements for Disclosure of Sustainability-related Financial Information The Four Pillars of Governance, Strategy, Risk Management and Metrics & Targets General features … Read more

IFRS 2022 update – IAS 8 Definition of Accounting Estimates – Your best read

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Topics hide IFRS 2022 update – IAS 8 Definition of Accounting Estimates Definition of an accounting estimate Changes in accounting estimates Illustrative examples Fair value of an investment property Cash-settled share-based payment liability Effective date and transition In practice IFRS 2022 update – IAS 8 Definition of Accounting Estimates Effective for annual periods beginning on … Read more

IFRS 2022 update – Classification of non-current liabilities with covenants – Best read

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Topics hide Overview – IFRS 2022 update – Classification of non-current liabilities with covenants Why this change? The 2022 amendments Separarate presentation Disclosures Right to defer settlement The 2020 amendments What’s new compared to the current IAS 1 Example 1 Loan subject to covenants Example 2 Foreign curency convertible bond Overview – IFRS 2022 update … Read more

IFRS 2022 update – IFRS 16 Lease Liability in a Sale and Leaseback – Best read

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Topics hide IFRS 2022 update – IFRS 16 Lease Liability in a Sale and Leaseback Key requirements Background Amendment to IFRS 16 Effective date and transition Illustrative examples to IFRS 16 IFRS 2022 update – IFRS 16 Lease Liability in a Sale and Leaseback Effective for annual periods beginning on or after 1 January 2024. … Read more

IFRS 15 Pre-Contract Establishment Date activities – Important to know

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Topics hide Pre-Contract Establishment Date activities Partially Satisfied Performance Obligations Before the Identification of a Contract TRG Update — Pre-CED Activities Q&A Partial Satisfaction of a Performance Obligation Before Identification of the Contract — Revenue Recognition Food for thought — Trial Periods Food for thought — Free Trial Period Pre-Contract Establishment Date activities or Partially … Read more

Cumulative catch-up approach 2 complete the finest read

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Use back button from the brower Topics hide Cumulative catch-up approach IFRS 9 IFRS 15 Accounting for contract modifications Modification not a separate contract Changes in the transaction price Q&A IFRS 15 Case – cumulative catch-up adjustment Calculation example cumulative catch-up adjustment Reassessment of estimated volume discounts Cumulative catch-up approach The cumulative catch-up approach is … Read more

IRR How to calculate

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Topics hide IRR How to calculate Interest rate implicit in the lease What is readily determinable? The impact of variable lease payments on the interest rate implicit in the lease Lessee’s incremental borrowing rate Case – Blended rates A three-step approach to the composition of discount rates Step 1 – Determining the reference rate Step … Read more

Unguaranteed residual value

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That portion of the residual value of the underlying asset, the realisation of which by a lessor is not assured or is guaranteed solely by a party related to the lessor.           IFRS terms or definitions come from the Official Journal of the European Union (© European Union, https://eur-lex.europa.eu). Individual jurisdictions … Read more