Annual Reporting Posts

Blog posts from Annual Reporting Posts

Bill-and-hold arrangements in IFRS 15

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Bill-and-hold arrangements Bill-and-hold arrangements occur when an entity bills a customer for a product that it transfers at a point in time, but retains physical possession of the product until it is transferred to the customer at a future point in time. This might occur to accommodate a customer’s lack of available space for the … Read more

IFRS 15 Bill-and-hold arrangements

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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

Repurchase agreements in IFRS 15

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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

IFRS 15 Repurchase agreements

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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

IFRS 15 Sale of Non financial assets

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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

Contract

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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

Asset management or investment management

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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

Disclosure capital management

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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

Disclosure Financial risk management

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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

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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