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Last update 26/08/2019     IFRS 2 44–45(a) IFRS 2 50 12. Share-based payment arrangements Notes to financial statements – Employee benefits See accounting policy in Note 45(E)(ii). A. Description of share-based payment arrangements Notes to financial statements – Employee benefits At 31 December 2018, the Group had the following share-based payment arrangements. i. Share … Read more

Last update 20/08/2019 IAS 1 10(e) IAS 1 113–114 Notes to the consolidated financial statements1 The basis of preparation comprises the notes to the financial statement relating to: Reporting entity Basis of accounting Functional and presentation currency Use of judgements and estimates IAS 1 51(a)–(b) IAS 1 138(a)–(b) 1. Reporting entity [Name of the Company] … Read more

Last update 26/08/2019 IFRS 8 20–22 6. Operating segments   Blog note: Operating segment disclosures are consistent with the information reviewed by the chief operating decision maker (CODM) and will vary from one entity to another and may not be in accordance with IFRS. To help users of the financial statements understand the segment information … Read more

Last update 20/08/2019   IFRS 8 IN13 IFRS 8 20–22  IFRS 8 27–28 6. Operating segments1 6 – A. Basis for segmentation The Group has the following six strategic divisions, which are its reportable segments. These divisions offer different products and services, and are managed separately because they require different technology and marketing strategies. The … Read more

Last update 23/11/2019 Not a lease Rail cars is an example and see below for the opposite Lease Rail cars, the difference will give you a lesson!!!! Topics hide Not a lease Rail cars The case: Conclusion The reasoning: Lease Rail cars The case: Conclusion The reasoning:  Related posts: Not a lease Rail cars The … Read more

Last update 06/12/2019 Not a lease Concession space – This is  a case to obtain an intriguing understanding of the concept of IFRS Leases. Easily understand the definition and characteristics of a lease contract. Looking at the definition of a lease an entity has to assess whether, throughout the period of use (= lease period), … Read more

Last update 16/11/2019 Non-refundable upfront fees arise in many sales transactions. But when to recognise revenue for such fees? Non-refundable upfront fees In many technology transactions, customers pay an upfront fee at contract inception, which may relate to the initiation, activation or set-up of a good to be used or a service to be provided … Read more

Last update 26/11/2019 Non-current assets held-for-sale explains the accounting for a disposal group rather than single assets. What about the liabilities in the sale activity? To understand it properly, take a brief look back at IAS 1, Presentation of Financial Statements. Here is the look back….. Non-current assets held-for-sale In most cases, IAS 1 requires … Read more

Last update 24/12/2019 Non-current Assets Held for Sale and Discontinued Operations – There are two distinct parts to IFRS 5 Non-current Assets Held for Sale and Discontinued Operations. Both are related and can occur together, but each can also occur independently of the other. “Non-current assets held for sale” deals with the situation where an … Read more

Last update 08/11/2019 The core principle is that a non-current assets is deemed to be held for sale if its carrying value is expected to be recovered through selling it rather than using it. Making this judgment has two important accounting implications: Non-current assets held for sale It is carried within current assets in the … Read more