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Last update 12/12/2019 The what is the SPPI test 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? Ok so the financial instrument to classify and measure … Read more

Last update 22/12/2019 What is the component approach – Property, plant and equipment (PPE) is often composed of various parts with varying useful lives or consumption patterns. These parts are (individually) replaced during the useful life of an asset. Therefore: What is the ‘component approach’? Each part of an item of PPE with a cost … Read more

Last update 26/12/2019 What is Property plant and equipment – Property, plant, and equipment (PP&E) is tangible items that are expected to be used in more than one period and that are used in production, for rental, or for administration. This can include items acquired for safety or environmental reasons. In certain asset-intensive industries, PP&E … Read more

Last update 23/12/2019 What is moneyness in the valuation of options – Options are instruments that belong to the derivatives family, which means its price is derived from something else (the underlying asset, items like listed shares, oil price futures, and many more). The price of an option is intrinsically linked to the price of … Read more

Last update 11/11/2019 Many if not most consumer goods are sold subject to some kind of product warranty. This includes everything from microwaves and computers to automobiles and trucks. Sales of products subject to warranties present yet another challenge to accrual accounting. What is it all about warranty accounting? What is it all about warranty … Read more

Last update 18/11/2019 What is Investment Property provides a quick introduction in a important industry that affects almost each living person and businesses. Investment property is real estate property that has been purchased with the intention of earning a return on the investment, either through rental income, the future resale of the property or both. … Read more

Last update 22/12/2019 Topics hide What is important in pension accounting – For a start: Parties involved in a pension plan What is important in pension accounting Related posts: What is important in pension accounting – For a start: While pension accounting is complicated, an understanding of a few basic concepts can help answer the … Read more

Last update 20/11/2019 What is hedge accounting IFRS 9 provides the explanations on all aspects of IFRS 17 in this website. Topics hide The new hedge accounting model Risk management Types of hedges Risk management strategy versus risk management objective Hedge accounting IFRS 9 Hedge accounting content What is hedge accounting IFRS 9 Related posts: … Read more

Last update 30/09/2019 IFRS 15 Revenue from Contracts with Customers (contents page is here) introduced a single and comprehensive framework which sets out how much revenue is to be recognised, and when. The core principle is that a vendor should recognise revenue to depict the transfer of promised goods or services to customers in an … Read more

Last update 24/12/2019 What is a debt instrument – A debt instrument is a paper or electronic obligation that enables the issuing party to raise funds by promising to repay a lender in accordance with the terms of a contract (interest, repayment, redemption, provide collateral). Types of debt instruments include notes, bonds, debentures, certificates, mortgages, … Read more