IFRS 9 Appendix B Measurement

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Last update 18/02/2020 Topics hide Initial measurement Subsequent measurement Investments in equity instruments and contracts on those investments Amortised cost measurement Effective interest method Transaction costs Write-off Initial measurement B5.1.1 The fair value of a financial instrument at initial recognition is normally the transaction price (ie the fair value of the consideration given or received, … Read more

IFRS 9 Hedge accounting

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Last update 26/02/2020 Topics hide 6.1 Objective and scope of hedge accounting 6.2 Hedging instruments Qualifying instruments Designation of hedging instruments 6.3 Hedged items Qualifying items Designation of hedged items 6.4 Qualifying criteria for hedge accounting 6.5 Accounting for qualifying hedging relationships Fair value hedges Cash flow hedges Hedges of a net investment in a … Read more

IFRS 7AG Nature and risk from financial instruments

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Last update 07/02/2020 Nature and extent of risks arising from financial instruments (paragraphs 31–42) B6 The disclosures required by paragraphs 31–42 shall be either given in the financial statements or incorporated by cross-reference from the financial statements to some other statement, such as a management commentary or risk report, that is available to users of … Read more

Operating segments Matrix structured entities

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Last update 27/01/2020 Operating segments Matrix structured entities – IFRS 8 10 addresses the issue of matrix structures. It uses the example of an entity where some managers are responsible for product and service lines worldwide, whereas other managers are responsible for specific geographical areas. Operating segments Matrix structured entities The CODM reviews the operating results … Read more

IFRS 8 Operating segments

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Last update 12/02/2020 5 An operating segment is a component of an entity: that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same entity), whose operating results are regularly reviewed by the entity’s chief operating decision maker to … Read more

IFRS 9 Appendix B Impairment Credit risk

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Last update 12/02/2020 Topics hide Determining whether credit risk has increased significantly since initial recognition More than 30 days past due rebuttable presumption Determining whether credit risk has increased significantly since initial recognition B5.5.15 When determining whether the recognition of lifetime expected credit losses is required, an entity shall consider reasonable and supportable information that … Read more

IAS 8 Objective Scope Definitions

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Last update 12/02/2020 Topics hide Objective Scope Definitions Objective 1 The objective of this Standard is to prescribe the criteria for selecting and changing accounting policies, together with the accounting treatment and disclosure of changes in accounting policies, changes in accounting estimates and corrections of errors. The Standard is intended to enhance the relevance and … Read more

IAS 37 Application of the recognition and measurement rules

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Last update 28/01/2020 Topics hide IAS 37 Application of the recognition and measurement rules Future operating losses Onerous contracts Restructuring IAS 37 Application of the recognition and measurement rules Future operating losses 63 Provisions shall not be recognised for future operating losses. 64 Future operating losses do not meet the definition of a liability in … Read more

Identifying the contract contract extensions

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Last update 23/01/2020 Identifying the contract contract extensions – When an entity and its customer enter into a contract to renew (or extend the period of) an existing licence, the entity will evaluate whether the renewal or extension should be treated as a new licence or, alternatively, as a modification of the existing contract. A … Read more