WP.CUONG.CC

Last update 07/01/2020 In full: Qualitative characteristic of useful financial information A characteristic that makes financial information useful to the primary users of general purpose financial reports. Qualitative characteristic In the Conceptual; Framework further guidance is provided – If financial information is to be useful, it must be relevant and faithfully represent what it purports to represent. … Read more

Last update 11/12/2019 Qualifying for Hedge Accounting – Before being able to qualify for hedge accounting it has to be determined whether a hedge relationship is eligible. This means: The hedging relationship should consist only of eligible hedging instruments and hedged items. There are changes to what is eligible for both hedged items and hedging … Read more

Last update 21/08/2019 A puttable instrument is a financial instrument that gives the holder the right to put the instrument back to the issuer for cash or another financial asset or is automatically put back to the issuer on the occurrence of an uncertain future event or the death or retirement of the instrument holder. It should be noted … Read more

Last update 04/01/2020 Purpose of related party disclosures – Related party relationships are a normal feature of commerce and business. For example, entities frequently carry on parts of their activities through subsidiaries, joint ventures and associates. In those circumstances, the entity has the ability to affect the financial and operating policies of the investee through … Read more

Last update 21/08/2019 Purchased or originated financial asset(s) that are credit-impaired on initial recognition. For purchased or originated credit-impaired financial assets it is clear for the owner that the value of these financial assets is lower than their nominal or initial value.  Also it was clear the interest revenue is not the full interest promoted at … Read more