Annual Reporting Posts

Blog posts from Annual Reporting Posts

IFRS 16 Lessor

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(adsbygoogle = window.adsbygoogle || []).push({}); Topics hide Classification of leases Finance leases Recognition and measurement Initial measurement Subsequent measurement Operating leases Recognition and measurement Presentation Disclosure Finance leases Operating leases Classification of leases Application Guidance in Appendix B, paragraphs B53–B58 61 A lessor shall classify each of its leases as either an operating lease or … Read more

IFRS 16 Effective date of a modification

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(adsbygoogle = window.adsbygoogle || []).push({}); Topics hide IFRS 16 Effective date of a modification IFRS 16 Effective date of a modification Related posts: Related posts: IFRS 16 Effective date of a modification The date on which to account for a lease modification is a key consideration – and may be earlier than you think. Lease … Read more

Right-of-use asset

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(adsbygoogle = window.adsbygoogle || []).push({}); An asset that represents a lessee’s right to use an underlying asset for the lease term.         IFRS terms or definitions are retrieved from IFRS Standards that come from the Official Journal of the European Union (© European Union, https://eur-lex.europa.eu). The information provided on this website is … Read more

Best read Impairment long lived assets IAS 36 vs ASC 360

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(adsbygoogle = window.adsbygoogle || []).push({}); Topics hide Impairment long lived assets IAS 36 vs ASC 360 Goodwill Impairment of assets IAS 36 vs ASC 360 Goodwill allocation Recognition of impairment loss Measurement of impairment loss Reversal of impairment loss Impairment of indefinite-lived intangible assets Unit of account Recognition and measurement of impairment loss Reversal of … Read more

Beware of COVID 19 Rent concessions IFRS accounting

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(adsbygoogle = window.adsbygoogle || []).push({}); Topics hide Beware of COVID 19 Rent concessions IFRS accounting IFRS 16 Rent concession amendments in a nutshell The lessee perspective The lessor perspective Not all rent concessions are in scope of the practical expedient A direct consequence of COVID-19 Revised consideration is substantially the same as or less than … Read more

Best read Impairment long lived assets IFRS 36 vs ASC 360

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(adsbygoogle = window.adsbygoogle || []).push({}); Topics hide Impairment long lived assets IFRS 36 vs ASC 360 Goodwill Impairment of assets IFRS 36 vs ASC 360 Goodwill allocation Recognition of impairment loss Measurement of impairment loss Reversal of impairment loss Impairment of indefinite-lived intangible assets Unit of account Recognition and measurement of impairment loss Reversal of … Read more

1st and best IFRS Accounting for client money

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Topics hide IFRS Accounting for client money Recognition Legal form and substance Presentation Offset Disclosure Restricted cash Client money IFRS accounting Disclosure by trustees Client money IFRS accounting Examples Real life example Related posts: Related posts: IFRS Accounting for client money If an entity holds money on behalf of clients (‘client money’): should the client … Read more

Best intro to accounting for cryptocurrencies in 1 view

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Topics hide Best intro to accounting for cryptocurrencies What is a cryptocurrency? Types of cryptocurrency Evaluation of accounting approaches for holdings of cryptocurrency assets Cash and cash equivalents Cash Cash equivalents Financial asset at Fair Value Through Profit or Loss Investment property The remaining classification possibilities Intangible assets Accounting approaches under IAS 38 Cost Revaluation … Read more

Best example Amortised cost and EIR calculations

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Topics hide Amortised cost at subsequent periods: a numerical example Amortised cost and EIR calculations Example Amortised cost and EIR calculations Example Fixed rate debt instrument with a prepayment option Example Revision of estimates Example Floating rate instrument without a prepayment option Example Fixed-rate debt instrument with interest step-up Example Amortised cost and EIR calculations … Read more

Narrative reporting the right way

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Topics hide Narrative reporting Setting the stage – two quotes KPIs – a critical component Reliable non-financial information to progress sustainable finance By Vita Ramanauskaité Companies that must comply Information to be disclosed How to report How many KPIs and which ones? What is “key”? How many KPIs? Reporting key performance indicators Content and presentation … Read more