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Blog posts from Annual Reporting Posts
IAS 36 Determine if and when to test for impairment – When looking at the step-by-step IAS 36 impairment approach it comes down to the following broadly organised steps: What?? – Determining the scope and structure of the impairment review (see the step-by-step IAS 36 impairment approach), If and when? – Determining if and when … Read more
When looking at the step-by-step IAS 36 impairment approach it comes down to the following broadly organised steps: What?? – Determining the scope and structure of the impairment review, If and when? – Determining if and when a quantitative impairment test is necessary, jump to this part here How? – Understanding the mechanics of the … Read more
When looking at the step-by-step IAS 36 impairment approach it comes down to the following broadly organised steps: What?? – Determining the scope and structure of the impairment review, explained here, If and when? – Determining if and when a quantitative impairment test is necessary, explained here, IAS 36 How? – Impairment test or understanding … Read more
IAS 24 Related parties by definition starts with two classes of related parties: person(s) IAS 24 Related parties by definition entity(ies) IAS 24 Related parties by definition in relation to the central entity in this standards the REPORTING ENTITY. IAS 24 Related parties by definition The reporting entity in IAS 24 is referred to (so … Read more
Last update 04/08/2020 What are Consolidated Financial Statements in IFRS 10 and the relations with IFRS 11 IFRS 12 IAS 27 IAS 28 and disclosures for consolidation and investments. Topics hide Look here IAS 27 Separate Financial Statements IFRS 10 Consolidated Financial Statements Investment entity IFRS 11 Joint Arrangements Determination of this classification: Consolidation replacement/alternative … Read more
Last update 20/07/2020 Overview IFRS 10 Consolidated Financial Statements – Short – To establish principles for the presentation and preparation of consolidated financial statements when an entity controls one or more other entities Overview IFRS 10 Consolidated Financial Statements Longer – IFRS 10 replaces the part of IAS 27 Consolidated and Separate Financial Statements that … Read more
Last update 10/07/2020 IFRS 2 Fair value of equity instruments granted – Share-based payment transactions with employees are measured with reference to the fair value of the equity instruments granted (IFRS 2.11). The fair value of the equity instruments granted is determined as follows (IFRS 2.16-17): If market prices are available for the actual equity … Read more
Last update 07/02/2020 Appendix B Application guidance This appendix is an integral part of the IFRS. Estimating the fair value of equity instruments granted B1 Paragraphs B2–B41 of this appendix discuss measurement of the fair value of shares and share options granted, focusing on the specific terms and conditions that are common features of a … Read more
Last update 13/02/2020 Significance of financial instruments for financial position and performance 7 An entity shall disclose information that enables users of its financial statements to evaluate the significance of financial instruments for its financial position and performance. Statement of financial position Categories of financial assets and financial liabilities 8 The carrying amounts of each … Read more
Last update 12/02/2020 The recognition process 5.1 Recognition is the process of capturing for inclusion in the statement of financial position or the statement(s) of financial performance an item that meets the definition of one of the elements of financial statements—an asset, a liability, equity, income or expenses. Recognition involves depicting the item in one … Read more