IFRS 12 Judgements and assumptions

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Last Updated on 03/02/2020 by 75385885 Topics hide IFRS 12 Disclosure of Interests in Other Entities IFRS 12 Judgements and assumptions IFRS 12 Disclosure of Interests in Other Entities IFRS 12 Judgements and assumptions Significant judgements and assumptions 7 An entity shall disclose information about significant judgements and assumptions it has made (and changes to … Read more

Financial risk

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The risk of a possible future change in one or more of a specified interest rate, financial instrument price, commodity price, currency exchange rate, index of prices or rates, credit rating or credit index or other variable, provided in the case of a non-financial variable that the variable is not specific to a party to … Read more

IAS 1 Notes

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Last Updated on 28/01/2020 by 75385885 Topics hide IAS 1 Presentation of Financial Statements IAS 1 Notes Structure Disclosure of accounting policies Sources of estimation uncertainty Capital Puttable financial instruments classified as equity Other disclosures IAS 1 Presentation of Financial Statements IAS 1 Notes Structure 112 The notes shall: present information about the basis of … Read more

IFRS 9.4 Classification

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Last Updated on 12/02/2020 by 75385885 Topics hide IFRS 9 Financial instruments IFRS 9.4 Classification 4.1 Classification of financial assets 4.2 Classification of financial liabilities Option to designate a financial liability at fair value through profit or loss 4.3 Embedded derivatives Hybrid contracts with financial asset hosts Other hybrid contracts 4.4 Reclassification IFRS 9 Financial … Read more

With recycling/without recycling

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Use back button from the brower Last Updated on 26/03/2021 by 75385885 With recycling/without recycling – With recycling is the process where gains or losses for equity instruments are reclassified from equity to profit or loss as an accounting adjustment. In other words gains or losses for equity instruments are first recognised in the other … Read more

Disclosure financial assets and liabilities

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Disclosure financial assets and liabilities Introductory guidance Disclosing financial assets and liabilities (financial instruments) in one note Users of financial reports have indicated that they would like to be able to quickly access all of the information about the entity’s financial assets and liabilities in one location in the financial report. The notes are therefore … Read more

Components of Financial Statements

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Components of Financial Statements – The following comprise a complete set of financial statements: a statement of financial position, a statement of profit or loss and other comprehensive income, presented either: in a single statement that included all components of profit or loss and other comprehensive income, or in the form of two separate statements: … Read more

IFRS 15 Revenue Disclosures Examples

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Topics hide IFRS 15 Revenue Disclosures Examples Disaggregation of revenue Accounting policies and significant judgements Other potential disclosures Example Disclosure IFRS 15 Revenue from contracts with customers 3 Revenue from contracts with customers 3(a) Disaggregation of revenue from contracts with customers 3(b) Assets and liabilities related to contracts with customers 3(c) Accounting policies and significant … Read more

IAS 36 Disclosure

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Last Updated on 08/02/2020 by 75385885 Topics hide IAS 36 Impairment of assets IAS 36 Disclosure IAS 36 Impairment of assets IAS 36 Disclosure 126 An entity shall disclose the following for each class of assets: the amount of impairment losses recognised in profit or loss during the period and the line item(s) of the … Read more

IFRS 15 Contract costs

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Last Updated on 03/02/2020 by 75385885 Topics hide IFRS 15 Revenue from contracts with customers IFRS 15 Contract costs Incremental costs of obtaining a contract Costs to fulfil a contract Amortisation and impairment IFRS 15 Revenue from contracts with customers IFRS 15 Contract costs Incremental costs of obtaining a contract 91 An entity shall recognise … Read more