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Blog posts from Annual Reporting Posts
Topics hide IFRS 15 Revenue from contracts with customers IFRS 15 Bill-and-hold arrangements IFRS 15 Revenue from contracts with customers IFRS 15 Bill-and-hold arrangements B79 A bill-and-hold arrangement is a contract under which an entity bills a customer for a product but the entity retains physical possession of the product until it is transferred to … Read more
Topics hide Repurchase agreements in IFRS 15 A forward or a call option An approach that focuses on the repurchase price Requirements for repurchase agreements not applicable to arrangements with a guaranteed resale amount Conditional forwards or call options Right of first refusal Repurchase agreements in IFRS 15 INTRO Repurchase agreements in IFRS 15 – … Read more
Topics hide IFRS 15 Revenue from contracts with customers IFRS 15 Repurchase agreements A forward or a call option A put option IFRS 15 Revenue from contracts with customers IFRS 15 Repurchase agreements B64 A repurchase agreement is a contract in which an entity sells an asset and also promises or has the option (either … Read more
Topics hide IFRS 15 Sale of Non financial assets Sale or transfer of a subsidiary or associate IFRS 15 Sale of Non financial assets INTRO IFRS 15 Sale of Non financial assets – Certain aspects of IFRS 15 apply to the sale or transfer of non financial assets (such as intangible assets and property, plant, … Read more
An agreement between two or more parties that creates enforceable rights and obligations. 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 … Read more
Topics hide Asset management or investment management Timing of revenue and profit recognition Step 1 – Determine the customer’s identity Step 1 – Apply the contract combination guidance Step 2/5 – Unbundling multiple service obligations within a single contract Step 3 – Treatment of upfront fees Step 3 – Variable consideration: the recognition of Management … Read more
Topics hide Disclosure capital management Disclosure capital management guidance Capital risk management Dividends Other potential disclosures Example disclosure capital management 13(a) Risk management Guidance 1 Disclosure capital management Get the requirements for properly disclosing capital management procedures applied by your company to provide the users of your financial statements with useful financial data, in the … Read more
Topics hide Disclosure Financial risk management Disclosure Financial risk management guidance Classes of financial instruments Level of detail and selection of assumptions – information through the eyes of management Derivative financial instruments Market risk Credit risk Liquidity risk Other potential disclosures Disclosure Financial risk management example 12. Financial risk management Disclosure Financial risk management Disclosure … Read more
Profit or loss is the total of income less expenses, excluding the components of other comprehensive income. 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 … Read more
Use back button from the brower Last Updated on 25/02/2021 by 75385885 IFRS 9 establishes a three-stage impairment model, based on whether there has been a significant increase in the credit risk of a financial asset since its initial recognition. These three-stages then determine the amount of impairment to be recognised as expected credit losses … Read more