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Topics hide Definition of Material Applying materiality when preparing financial statements, by: Materiality as a filter Definition of Material Amendments on accounting policy disclosures Definition of Material The Definition of Material (with amendments to IAS 1 and IAS 8) puts the spotlight on: Applying materiality when preparing financial statements, by: Encouriging IFRS reporting specialists to … Read more

Topics hide Fair value employee share options Fair value ESOPs – Assumptions Fair value ESOPs – Expected volatility expected term Selecting inputs to option pricing models Share price Exercise price Expected volatility Historical volatility Implied volatility Expected dividends Risk-free rate Expected term Vesting and non-vesting conditions Restrictions on transferability Fair value employee share options Share … Read more

Topics hide Accounting for mergers The acquisition method in accounting for mergers Reporting business combinations and avoiding surprises Effect of deal terms on the accounting for business combinations Accounting for mergers Mergers and acquisitions (business combinations) can have a fundamental impact on the acquirer’s operations, resources and strategies. For most entities such transactions are infrequent, … Read more

Topics hide 5 steps in IFRS 15 The 5 steps in IFRS 15 Step 1: Identify the contract with a customer Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to the performance obligations in the contract Step 5: Recognize revenue when or … Read more

Bill-and-hold arrangements Bill-and-hold arrangements occur when an entity bills a customer for a product that it transfers at a point in time, but retains physical possession of the product until it is transferred to the customer at a future point in time. This might occur to accommodate a customer’s lack of available space for the … Read more

Topics hide IFRS 15 Sale of Non financial assets Sale or transfer of a subsidiary or associate IFRS 15 Sale of Non financial assets INTRO IFRS 15 Sale of Non financial assets – Certain aspects of IFRS 15 apply to the sale or transfer of non financial assets (such as intangible assets and property, plant, … Read more

Topics hide Disclosure capital management Disclosure capital management guidance Capital risk management Dividends Other potential disclosures Example disclosure capital management 13(a) Risk management Guidance 1 Disclosure capital management Get the requirements for properly disclosing capital management procedures applied by your company to provide the users of your financial statements with useful financial data, in the … Read more

Topics hide Disclosure Financial risk management Disclosure Financial risk management guidance Classes of financial instruments Level of detail and selection of assumptions – information through the eyes of management Derivative financial instruments Market risk Credit risk Liquidity risk Other potential disclosures Disclosure Financial risk management example 12. Financial risk management Disclosure Financial risk management Disclosure … Read more

(adsbygoogle = window.adsbygoogle || []).push({}); Topics hide Non-monetary transactions IFRS 15 Non-monetary exchanges with customers Property, plant and equipment Cash flow Disclosures Other non-monetary exchanges Assets received from government Assets received from owners Accounting for Barter Credits 1. Recording the Exchange Transaction 2 Evaluating the Recorded Amount of Barter Credits How a Barter Transaction Works … Read more