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Last update 22/12/2019 Key assumptions in a Pension plan – There are two types of pension assumptions that a sponsor makes with input from their actuaries: Economic assumptions describe how market forces affect the amount of expected future benefits to be paid to plan recipients. Demographic assumptions describe the impact of plan-participant behaviours on the … Read more

Last update 26/11/2019 Joint arrangements rights and obligations is about the change from IAS 31 to IFRS 11, not that that is so important, but the change provides a profound insight into the why, what and where abouts of the need for the change. So it is interesting to say the least! Topics hide Focus … Read more

Last update 24/11/2019 Is the fair value option applied? is part of the decision model for the classification and measurement of financial assets, that started in the IFRS 9 Framework for financial assets. At initial recognition an entity may irrevocably designate a financial asset as measured at fair value through profit or loss if doing … Read more

Last update 12/12/2019 This Is the Fair value OCI applied? 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? Topics hide OK we are looking at … Read more

Last update 03/12/2019 Investments material associates disclosures – The subject of investments material associates disclosures may be aggregated for interests in similar entities, with the method of aggregation being disclosed (aggregation being consolidation). A quantitative and qualitative analysis, taking into account the different risk and return characteristics of each entity, is made in order to … Read more

Last update 18/11/2019 Investments in Joint Ventures Overview that is what this is…… An entity with joint control of an investee shall account for its investment in a joint venture using the equity method except when that investment qualifies for exemption in IAS 28. Investments in Joint Ventures Overview The exemptions include:Investments in Joint Ventures … Read more

Last update 08/12/2019 Investments in Associates 1st and best read – Just as a starter, two definitions! Associate: An entity, including an unincorporated entity such as a partnership, over which an investor has significant influence and which is neither a subsidiary nor an interest in a joint venture. Investments in Associates 1st and best read … Read more

Last update 12/11/2019 Inventory or Equipment – This distinction is important because inventory is current and equipment is non-current property plant and equipment. Inventory is cash flow from operating activities, equipment is cash flow used in investing activities. Inventory is cost of sales and equipment is depreciation. Inventory or Equipment Equipment is recognised component-wise. This … Read more

Last update 20/11/2019 Inventories the highlights as it says provides a high level summary of the accounting and financial reporting in respect of inventory. See Inventories for IFRS for Small and Medium-sized entities, the complete IAS 2 Inventories standards is also available. Inventory is also called stock in trade, or just stock. Inventories the highlights … Read more

Last update 28/10/2019 Introduction to Investment entities is about information provision through financial statements to knowledgeable investors. For many years, preparers and investors in the investment entity industry felt that consolidating the financial statements of an investment entity and its investees does not provide the most useful information. Consolidation made it more difficult for investors … Read more