IAS 36 Cash-generating units and goodwill

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Last update 08/02/2020 65 Paragraphs 66–108 and Appendix C set out the requirements for identifying the cash-generating unit to which an asset belongs and determining the carrying amount of, and recognising impairment losses for, cash-generating units and goodwill. Identifying the cash-generating unit to which an asset belongs 66 If there is any indication that an … Read more

Value in use

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Value in use is the present value of the future cash flows expected to be derived from an asset or cash-generating unit. (IAS 36 6) OR The present value of estimated future cash flows expected to arise from the continuing use of an asset and from its disposal at the end of its useful life. … Read more

IAS 37 Disclosure Provisions and Contingencies

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Last update 15/02/2020 IAS 37 Disclosure Provisions and Contingencies 84 For each class of provision, an entity shall disclose: the carrying amount at the beginning and end of the period; additional provisions made in the period, including increases to existing provisions; amounts used (ie incurred and charged against the provision) during the period; unused amounts … Read more

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