Annual Reporting Posts

Blog posts from Annual Reporting Posts

IFRS 7 Objective Scope Classes of financial instruments

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Last update 07/02/2020 Objective 1 The objective of this IFRS is to require entities to provide disclosures in their financial statements that enable users to evaluate: the significance of financial instruments for the entity’s financial position and performance; and the nature and extent of risks arising from financial instruments to which the entity is exposed … Read more

IFRS 7 Nature and risk of financial instruments

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Last update 07/02/2020 Nature and extent of risks arising from financial instruments 31 An entity shall disclose information that enables users of its financial statements to evaluate the nature and extent of risks arising from financial instruments to which the entity is exposed at the end of the reporting period. 32 The disclosures required by … Read more

IAS 32 Presentation

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Last update 05/03/2020 Topics hide Liabilities and equity (see also paragraphs AG13–AG14J and AG25–AG29A) Puttable instruments Liabilities and equity (see also paragraphs AG13–AG14J and AG25–AG29A) AG13 |   AG14J  |   AG25  |   AG29A 15 The issuer of a financial instrument shall classify the instrument, or its component parts, on initial recognition as a financial liability, a … Read more

IFRS 9 Objective – Scope

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Last update 12/02/2020 Topics hide Objective Scope Objective 1.1 The objective of this Standard is to establish principles for the financial reporting of financial assets and financial liabilities that will present relevant and useful information to users of financial statements for their assessment of the amounts, timing and uncertainty of an entity’s future cash flows … Read more

IAS 10 Recognition and measurement

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Last update 02/03/2020 Adjusting events after the reporting period 8 An entity shall adjust the amounts recognised in its financial statements to reflect adjusting events after the reporting period. 9 The following are examples of adjusting events after the reporting period that require an entity to adjust the amounts recognised in its financial statements, or … Read more

Grant date

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The date at which the entity and another party (including an employee) agree to a share-based payment arrangement, being when the entity and the counterparty have a shared understanding of the terms and conditions of the arrangement. At grant date the entity confers on the counterparty the right to cash, other assets, or equity instruments … Read more

IFRS 2 Equity-settled share-based payments

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Last update 07/02/2020 Overview 10 For equity-settled share-based payment transactions, the entity shall measure the goods or services received, and the corresponding increase in equity, directly, at the fair value of the goods or services received, unless that fair value cannot be estimated reliably. If the entity cannot estimate reliably the fair value of the … Read more

IFRS 2 Determination of the vesting period

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Last update 25/06/2020 Topics hide Overview IFRS 2 Determination of the vesting period Service commencement date and grant date Exhibit – Service commencement date before grant date Graded vesting Exhibit – Graded vesting Attribution to periods Exhibit – Straight-line attribution and different reference periods Exhibit – Straight-line attribution with challenging performance target Variable vesting period … Read more