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(adsbygoogle = window.adsbygoogle || []).push({}); Last update 18/03/2020 IFRS 7 Interest rate risk disclosure example – Interest rate risk is part of the risk disclosures requirements under IFRS 7 Financial Instruments: Disclosures. Interest rate risk is part of market risk (the other market risks being currency risk and other price risk) and is defined as … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); Last update 18/03/2020 IFRS 7 Comprehensive Risk disclosures – Management should 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 [IFRS 7 31]. IFRS 7 … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); Last update 18/03/2020 IFRS 7 Complete Maturity analysis disclosure – IFRS 7 requires certain disclosures to be presented by category of an instrument based on the IFRS 9 recognition and measurement categories of financial instruments. Certain other disclosures are required by class of financial instrument. For those disclosures an entity … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); Last update 13/03/2020 IFRS 7 Best accounting for Treasury shares – Treasury shares are previously outstanding shares bought back from shareholders by the issuing company. IFRS does not mandate a specific method of presenting treasury shares within equity. However, local laws may prescribe the allocation method. Therefore, an entity needs … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); Last update 24/02/2020 IFRS 3 Royalty arrangements as contingent considerations – Companies in the extractive industry often acquire properties that are subject to a royalty payable to the seller of such property. Are the royalty arrangements contingent consideration? A royalty payable to the seller of the property in a business … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); Last update 24/02/2020 IFRS 3 Reverse acquisitions How to? – or reverse mergers present unique accounting and reporting considerations. Depending on the facts and circumstances, these transactions can be asset acquisitions, capital transactions, or business combinations. A reverse acquisition that is a business combination can occur only if the accounting … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); Last update 24/02/2020 IFRS 3 Recognition of restructurings or exit activities – Liabilities related to restructurings or exit activities of the acquiree should only be recognized at the acquisition date if they are preexisting liabilities of the acquiree and were not incurred for the benefit of the acquirer. Absent these … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); Last update 24/02/2020 IFRS 3 Recognising what you acquired in a business combination or recognizing and measuring the identifiable assets acquired, liabilities assumed, and any non-controlling interest in the acquiree. IFRS 3 provides the following recognition principle for assets acquired, liabilities assumed, and any non controlling interest in the acquiree: … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); Last update 01/03/2020 IFRS 3 Definition: Measurement period – the period after the acquisition date during which the acquirer may adjust the provisional amounts recognized for a business combination, providing the acquirer with a reasonable time to obtain the information necessary to apply the requirements of IFRS 3. The measurement … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); Last update 24/02/2020 IFRS 3 Executive Compensation in Acquisitions – The acquirer in a business combination may or must agree to assume existing compensation arrangements with employees of the acquiree or may establish new arrangements to compensate those employees for postcombination services. These arrangements may involve cash payments to the … Read more