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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

Last update 22/12/2019 What is a correct discount rate in pension calculations – Some background information on the discussion on pension plans and discount rates. Choosing the correct discount rate in calculation pension liabilities is not an easy task and a task that brings public responsibility. Interest rates in the European area are close to … Read more

Last update 29/11/2019 What is a Business Model? The business model test is about whether the asset is part of a group or portfolio that is being managed within a business model whose objective is to collect contractual cash flows from the non-equity financial asset (Amortised Cost), or to both collect contractual cash flows from … Read more

Last update 16/09/2019 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 12/12/2019 What do levies look like? – These examples accompany, but are not part of IFRIC 21. The objective of these examples is to illustrate how an entity should account for a liability to pay a levy in its annual financial statements and in its interim financial report. Example 1 — A levy … Read more

Last update 22/12/2019 What can the Statement of Cash Flows tell you – The statement of cash flows, as its name implies, summarises a company’s cash flows for a period of time. The statement of cash flows explains how a company’s cash was generated during the period and how that cash was used. Even if … Read more

Last update 16/09/2019 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