IFRS Topics

Last update 12/12/2019 Financial fixed assets at fair value through profit or loss is part of the decision model for the classification and measurement of financial assets, that started in the IFRS 9 Framework for financial assets. But you can also read it without doing the test …. off course? Financial fixed assets at fair … Read more

Last update 22/12/2019 Financial crises and excessive leverage – Contrary to popular opinion, stock markets generally continue to reflect companies’ intrinsic value during financial crises. For instance, after the 2007 crisis had started in the credit markets, equity markets too came in for criticism. In October 2008, a New York Times editorial thundered, “What’s been … Read more

Last update 22/12/2019 Financial Crises – Behind the more recent financial and economic crises beginning in 2007 lies the fact that banks and investors forgot the principle of the conservation of value. Let’s see how. First, individuals and speculators bought homes—illiquid assets, meaning they take a while to sell. They took out mortgages on which … Read more

Last update 12/12/2019 This Financial assets at fair value through other comprehensive income is part of the decision model for the classification and measurement of financial assets, that started in the IFRS 9 Framework for financial assets. But you can also read it without doing the test …. off course? This is the classification arrived … Read more

Last update 24/11/2019 This classification of Financial asset valued at amortised costs is part of the decision model for the classification and measurement of financial assets, that started in the IFRS 9 Framework for financial assets. This is the category classification criteria at initial recognition. A financial asset is measured at amortised cost if both … Read more

Last update 22/12/2019 Fair Value of Tangible Assets – In the event of Business Combinations tangible assets (current – non-current) are best valued with the market or income approaches. If adequate data are not available to derive an indication of value through these methods, an appraiser may use the replacement cost method, which adjusts the … Read more

Last update 25/11/2019 Fair Value of Decommissioning Obligation is about a nice example of decommissioning a large oil platform. On 1 January 20X1 Entity A assumes a decommissioning (i.e., asset retirement) liability in a business combination. The entity is legally required to dismantle and remove an offshore oil platform at the end of its useful … Read more

Last update 25/11/2019 Fair value of a liability provides a practical case showing how fair value of liabilities is measured in slightly more complicated transactions. The Case Fair value of a liability Assume that Entity X and Entity Y each enter into a contractual obligation to pay cash (€500) to Entity Z in five years. … Read more

Last update 26/11/2019 Fair value measurement in short is a brief introduction to some of the key terms used in fair value measurement, as well as a diagram that shows the flow in relation to the process of measuring fair value and determining the appropriate disclosures. The key term that drives this process is fair value: … Read more

Last update 21/12/2019 Fair value measurement and disclosure – The following are some examples of assets and liabilities that fall within the scope of IFRS 13 for the purpose of measurement and/or disclosure. IFRS=== Financial reporting item Measurement Disclosure [IAS 39] Financial instruments available-for-sale or held for trading (recurring fair value measurements) Fair value measurement … Read more