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(adsbygoogle = window.adsbygoogle || []).push({}); The measurement period in business combinations explains the one year window allowed in properly accounting for business combinations or as they have been called in the past acquisitions/M&A etc. The accounting for a business combination requires substantial effort and resources. The initial accounting often is incomplete at the end of … Read more
Use back button from the brower (adsbygoogle = window.adsbygoogle || []).push({}); The measurement period is a sort of extension to the acquisition method (IFRS 3). When initial accounting for an acquisition is incomplete (or if afterwards appears to have been incomplete) at the end of the reporting period in which the business combination occurs it … Read more
Use back button from the brower (adsbygoogle = window.adsbygoogle || []).push({}); Treasury shares represent shares issued by an entity and at a later stage purchased back by the same issuing entity for immediate cancellation or held for resale. These are debited directly to equity and in general shown as a separate class in equity. This … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); Topics hide IFRS 10 Silos and deemed separate entities Example Bank – SPV – 2 Corporate clients Example Two investors – Shared plot of land IFRS 1o Control model – Identify the investee Variable Interest Entity (VIE) IFRS 10 Silos and deemed separate entities IFRS 10 Silos and deemed separate … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); Topics hide IAS 32 Equity and Financial Liabilities Classification as a financial liability or equity General principles Puttable instruments Obligations arising on liquidation Impact of share settlement Redemption options Classification of rights issues Compound instruments Accounting for conversion at maturity Recognition and measurement Treasury shares Dividends Distributions of non-cash assets … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); Topics hide IFRIC 17 Distributions of Non-cash Assets to Owners Related IFRS posts IFRIC 17 Distributions of Non-cash Assets to Owners References IFRS 3 Business Combinations (as revised in 2008) IFRS 5 Non-current Assets Held for Sale and Discontinued Operations IFRS 7 Financial Instruments: Disclosures IFRS 10 Consolidated Financial Statements … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); Topics hide Common control transactions v Newco formation Overview Common control transactions Book value (carry-over basis) accounting Acquisition accounting Consolidated financial statements of the transferor Discussion paper IASB (2021) Current accounting Should pre-combination information be restated? Set the framework – Historical Interpretations Committee ‘Transistory’ common control (IFRS 3.2(c)) Associates and … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); Topics hide Presentation of financial statements IAS 1 Basis of preparation of financial statements Overview Going concern assessment Disclosures about the going concern assessment Entity is not a going concern Liquidation of a subsidiary is imminent IAS 1 Form and components of financial statements Overview Consolidated financial statements Reporting period … Read more
(adsbygoogle = window.adsbygoogle || []).push({}); Topics hide Non-monetary transactions IFRS 15 Non-monetary exchanges with customers Property, plant and equipment Cash flow Disclosures Other non-monetary exchanges Assets received from government Assets received from owners Accounting for Barter Credits 1. Recording the Exchange Transaction 2 Evaluating the Recorded Amount of Barter Credits How a Barter Transaction Works … Read more
Objective 1 The objective of this Standard is to prescribe the accounting treatment for investment property and related disclosure requirements. Scope 2 This Standard shall be applied in the recognition, measurement and disclosure of investment property. 3 [Deleted] 4 This Standard does not apply to: biological assets related to agricultural activity (see IAS 41 Agriculture … Read more