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Topics hide IFRS Accounting for client money Recognition Legal form and substance Presentation Offset Disclosure Restricted cash Client money IFRS accounting Disclosure by trustees Client money IFRS accounting Examples Real life example Related posts: Related posts: IFRS Accounting for client money If an entity holds money on behalf of clients (‘client money’): should the client … Read more
Topics hide Best intro to accounting for cryptocurrencies What is a cryptocurrency? Types of cryptocurrency Evaluation of accounting approaches for holdings of cryptocurrency assets Cash and cash equivalents Cash Cash equivalents Financial asset at Fair Value Through Profit or Loss Investment property The remaining classification possibilities Intangible assets Accounting approaches under IAS 38 Cost Revaluation … Read more
Topics hide Amortised cost at subsequent periods: a numerical example Amortised cost and EIR calculations Example Amortised cost and EIR calculations Example Fixed rate debt instrument with a prepayment option Example Revision of estimates Example Floating rate instrument without a prepayment option Example Fixed-rate debt instrument with interest step-up Example Amortised cost and EIR calculations … Read more
Topics hide Narrative reporting Setting the stage – two quotes KPIs – a critical component Reliable non-financial information to progress sustainable finance By Vita Ramanauskaité Companies that must comply Information to be disclosed How to report How many KPIs and which ones? What is “key”? How many KPIs? Reporting key performance indicators Content and presentation … Read more
Topics hide Focus on IFRS 16 Leases Focus on IFRS 16 Leases or in slightly more detail….. Definition of a lease Lease term Example 1 – Extension option requiring approval by both lessee and lessor Initial assessment of the lease term Worked example Related posts: Related posts: Focus on IFRS 16 Leases Source: BDO – … Read more
Topics hide IFRS 8 Operating Segments Summary Or in some more detail……. CORE PRINCIPLE SCOPE OPERATING SEGMENTS Chief Operating Decision Maker REPORTABLE SEGMENTS Aggregation criteria Quantitative thresholds Measurement Restatement of previously reported information DISCLOSURE CHECKLIST Chief Operating Decision Maker Chief Operating Decision Maker Chief Operating Decision Maker Chief Operating Decision Maker Chief Operating Decision Maker … Read more
The non-cancellable period for which a lessee has the right to use an underlying asset, together with both: periods covered by an option to extend the lease if the lessee is reasonably certain to exercise that option; and periods covered by an option to terminate the lease if the lessee is reasonably certain not to … Read more
An integrated set of activities and assets that is capable of being conducted and managed for the purpose of providing goods or services to customers, generating investment income (such as dividends or interest) or generating other income from ordinary activities. IFRS terms or definitions are retrieved from IFRS Standards that come … Read more
Determining a leases discount rate IFRS 16.26 sets out the discount rate requirement as follows: “At the commencement date, a lessee shall measure the lease liability at the present value of the lease payments that are not paid at that date. The lease payments shall be discounted using the interest rate implicit in the lease, … Read more
IAS 36 Determine if and when to test for impairment – When looking at the step-by-step IAS 36 impairment approach it comes down to the following broadly organised steps: What?? – Determining the scope and structure of the impairment review (see the step-by-step IAS 36 impairment approach), If and when? – Determining if and when … Read more