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Blog posts from Annual Reporting Posts
Topics hide The real meaning of integrated reporting The reason for including environmental and social factors in reporting CSR (Corporate Social Responsibility) reports IIRC Meaning Guiding principles Integrated reporting: what it isn’t Considerations and benefits of integrated reporting Key considerations for the integrated reporting decision The benefits of integrated reporting The way to integration Key … Read more
Topics hide Acquisitions and mergers Identifying a business combination Is the investee a ‘business’? Has control been obtained? Is the business combination within the scope of IFRS 3? Formation of a joint arrangement in the financial statements of the joint arrangement itself Common control combinations The acquisition by an investment entity of an investment in … Read more
Topics hide Initial measurement Financial instruments The ‘which’ and ‘how’ of fair value measurement Trade receivables Food for thought – Measuring trade receivables on initial recognition Measurement of fair value Food for thought – Market Food for thought – Market participant assumptions Fair value of offsetting market risk or counterparty credit risk for groups of … Read more
Topics hide Amortised cost and the effective interest method Calculating amortised cost Calculating the EIR 1. General approach 2 Credit-adjusted EIR 3 Calculating interest revenue and expense using the EIR 4 Revisions to estimated cash flows 5 Modifications of financial assets Amortised cost and the effective interest method This narrative explores the factors that an … Read more
The amount at which the financial asset or financial liability is measured at initial recognition minus the principal repayments, plus or minus the cumulative amortisation using the effective interest method of any difference between that initial amount and the maturity amount and, for financial assets, adjusted for any loss allowance. IFRS … Read more
The rate of interest that causes the present value of (a) the lease payments and (b) the unguaranteed residual value to equal the sum of (i) the fair value of the underlying asset and (ii) any initial direct costs of the lessor. IFRS terms or definitions come from the Official Journal … Read more
Payments made by a lessor to a lessee associated with a lease, or the reimbursement or assumption by a lessor of costs of a lessee. 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 … Read more
The removal of a previously recognised financial asset or financial liability from an entity’s statement of financial position. 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) … Read more
Topics hide IFRS Reporting for Battery Storage – A Burgeoning Industry What is important in IFRS Reporting for Battery Storage? Research and Development Intangible assets (other than goodwill) TRANSFERS OF FINANCIAL ASSETS GOODWILL NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS COMMITMENTS IFRS Reporting for Battery Storage – A Burgeoning Industry Batteries have been around … Read more
Topics hide Purchased and originated credit-impaired financial assets Initial measurement credit-impaired financial assets Subsequent measurement credit-impaired financial assets Modified contractual cash flows Day 1 loss Credit-adjusted EIR Calculating credit-impaired interest revenue and expense Purchased and originated credit-impaired financial assets Purchased and originated credit-impaired financial assets are those for which one or more events that have … Read more