IAS 1 Presentation of Financial Statements

IFRS Reporting for Battery Storage – A Burgeoning Industry

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Topics hide IFRS Reporting for Battery Storage – A Burgeoning Industry What is important in IFRS Reporting for Battery Storage? Research and Development Intangible assets (other than goodwill) TRANSFERS OF FINANCIAL ASSETS GOODWILL NOTES TO THE CONSOLIDATED STATEMENT OF CASH FLOWS COMMITMENTS IFRS Reporting for Battery Storage – A Burgeoning Industry Batteries have been around … Read more

Supplier finance arrangements

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Topics hide Supplier finance arrangements What are supplier finance arrangements? Who is impacted? Why do supplier finance arrangements create an issue? What are the consequences for the Cash Flow Statement? What are some of the disclosure requirements? Supplier finance arrangements A purchaser of goods or services may enter into a variety of arrangements to fund … Read more

Advertising and promotional costs

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Topics hide Advertising and promotional costs Promotional catalogues and brochures Samples Media advertising In summary Advertising and promotional costs The purpose of this narrative is to provide guidance when accounting for expenditure on advertising and promotional activities, including: promotional catalogues and brochures; samples; and media advertising. Promotional catalogues and brochures Catalogues that are distributed free … Read more

Equity – 2 understand it all at best

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Topics hide Equity 1. Equity the residual interest in the assets of the entity after deducting all its liabilities 1. Statement of Financial Position 2. Equity instrument is the contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities 2. Statement of Financial Position 3. Equity interests … Read more

Disclosure non-financial assets and liabilities example

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Topics hide Disclosure non-financial assets and liabilities example 8 Non-financial assets and liabilities 8(a) Property, plant and equipment 8(b) Leases 8(c) Investment properties 8(d) Intangible assets 8(e) Deferred tax balances 8(f) Inventories 8(g) Other assets and assets classified as held for sale 8(i) Provisions 8(j) Recognised fair value measurements Disclosure non-financial assets and liabilities example … Read more

Example accounting policies

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Topics hide Example accounting policies Example accounting policies guidance Whether to disclose an accounting policy Change in accounting policy – new and revised accounting standards Early adoption of accounting standards Standards and interpretations issued but not yet effective Financial instruments Employee benefits Reclassification Other potential disclosures Example accounting policies 25 Summary of significant accounting policies … Read more

What Is Fintech reporting IFRS 15

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Topics hide What Is Fintech or Financial Technology And Its Benefits? Financial Technology or Fintech? Example Fintech presentation of Revenue Significant accounting policies – Fintech Revenue C. Interest D. Fintech Fees and commission E. Net trading income F. Net income from other financial instruments at fair value through profit or loss G. Dividend income Notes … Read more

Initial Coin Offering

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Topics hide Initial Coin Offering Accounting for token pre-sale agreements Accounting for ICOs by the issuer IFRS 9 – Financial liability IAS 32 – Equity instrument IFRS 15 – Revenue transaction/prepayment for future goods and services Consider other relevant guidance Accounting for a purchase of goods or services by the ICO entity in exchange for … Read more

M and A

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M and A or Mergers and Acquisitions in IFRS language Business Combinations. 1 Identifying a business combination IFRS 3 refers to a ‘business combination’ rather than more commonly used phrases such as takeover, acquisition or merger because the objective is to encompass all the transactions in which an acquirer obtains control over an acquiree no … Read more

What is initial public offering

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Topics hide What is initial public offering Back-door listings Disclosure of key judgements Cost of initial public offering IPO costs cash flow classification Share-based payments at IPO What is initial public offering An Initial Public Offering (IPO) comprises of a privately owned business that wants access the public capital market through the sale of securities … Read more