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The risk that one party to a financial instrument will cause a financial loss for the other party by failing to discharge an obligation.         IFRS terms or definitions come from the Official Journal of the European Union (© European Union, https://eur-lex.europa.eu). Individual jurisdictions around the world may require or permit the … Read more

Last Updated on 20/02/2020 by 75385885 Topics hide IFRS 13 Fair value measurement IFRS 13 Measurement fair value Measurement Definition of fair value The asset or liability The transaction Market participants The price Application to non-financial assets Application to liabilities and an entity’s own equity instruments General principles Liabilities and equity instruments held by other … Read more

Last Updated on 05/03/2020 by 75385885 Topics hide IAS 32 Financial Instruments: Presentation IAS 32 AG Presentation Liabilities and equity (paragraphs 15–27) No contractual obligation to deliver cash or another financial asset (paragraphs 17–20) Settlement in the entity’s own equity instruments Treatment in consolidated financial statements Compound financial instruments (paragraphs 28–32) Treasury shares (paragraphs 33–34) … Read more

Last Updated on 12/02/2020 by 75385885 Topics hide IAS 7 Statement of cash flows IAS 7 Components of cash and cash equivalents IAS 7 Statement of cash flows IAS 7 Components of cash and cash equivalents 45 An entity shall disclose the components of cash and cash equivalents and shall present a reconciliation of the … Read more

Last Updated on 10/02/2021 by 75385885 Topics hide IFRS 9 Financial instruments IFRS 9 Appendic B Gains and losses IFRS 9 Financial instruments IFRS 9 Appendic B Gains and losses B5.7.1 Paragraph 5.7.5 permits an entity to make an irrevocable election to present in other comprehensive income changes in the fair value of an investment … Read more

Use back button from the brower Last Updated on 23/02/2021 by 75385885 Financial assets that have to record impairment allowances under IFRS 9 are: Financial assets at amortised costs (incl. trade receivables), Financial assets measured at fair value through other comprehensive income, Loan commitments at below market interest rates, Financial guarantee contracts which are not … Read more

Last Updated on 12/02/2020 by 75385885 Topics hide IFRS 9 Financial instruments IFRS 9 Appendix B Classification Classification of financial assets (Section 4.1) The entity’s business model for managing financial assets A business model whose objective is to hold assets in order to collect contractual cash flows A business model whose objective is achieved by … Read more

Last Updated on 07/02/2020 by 75385885 Topics hide IFRS 7 Financial Instruments: Disclosures IFRS 7 Transfers of financial assets IFRS 7 Financial Instruments: Disclosures IFRS 7 Transfers of financial assets 42A The disclosure requirements in paragraphs 42B–42H relating to transfers of financial assets supplement the other disclosure requirements of this IFRS. An entity shall present … Read more

Last Updated on 29/02/2020 by 75385885 Topics hide IAS 1 Presentation of Financial Statements IAS 1 Statement of financial position Information to be presented in the statement of financial position Current/non-current distinction Current assets Current liabilities Information to be presented either in the statement of financial position or in the notes IAS 1 Presentation of … Read more

Last Updated on 07/02/2020 by 75385885 Topics hide IFRS 7 Financial Instruments: Disclosures IFRS 7AG Level of disclosure and classes of financial instruments IFRS 7 Financial Instruments: Disclosures IFRS 7AG Level of disclosure and classes of financial instruments Appendix B Application guidance This appendix is an integral part of the IFRS. Classes of financial instruments … Read more