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by PKF International Ltd
Wiley Interpretation and Application of IFRS Standards
Cover
Series Page
Title Page
Copyright
About the Authors
Chapter 1: Introduction to International Financial Reporting Standards
Introduction
Origins and Early History of the IASB
The Current Structure
Process of IFRS Standard Setting
Convergence: The IASB and Financial Reporting in the US
The IASB and Europe
Appendix A: Current International Financial Reporting Standards (IAS/IFRS) and Interpretations (SIC/IFRIC)
Appendix B: Projects Completed Since Previous Issue (July 2016 to June 2017)
Appendix C: IFRS for SMEs
Chapter 2: Conceptual Framework
Introduction
Conceptual Framework for Financial Reporting 2010
Conceptual Framework Project
Hierarchy of Standards
IFRS Practice Statement Management Commentary
US GAAP Comparison
Chapter 3: Presentation of Financial Statements
Introduction
Scope
Definitions of Terms
Financial Statements
General Features
Structure and Content
Future Developments
Illustrative Financial Statements
US GAAP Comparison
Chapter 4: Statement of Financial Position
Introduction
Scope
Definitions of Terms
General Concepts, Structure and Content
Classification of Assets
Classification of Liabilities
Classification of Shareholders' Equity
Future Developments
US GAAP Comparison
Chapter 5: Statements of Profit or Loss and Other Comprehensive Income, and Changes in Equity
Introduction
Future Developments
Scope
Definitions of Terms
Concepts of Income
Recognition and Measurement
Statement of Profit or Loss and Other Comprehensive Income
Presentation in the Profit or Loss Section
Other Comprehensive Income
Statement of Changes in Equity
US GAAP Comparison
Chapter 6: Statement of Cash Flows
Introduction
Scope
Definitions of Terms
Background
Presentation
Other Requirements
Disclosure and Examples
Consolidated Statement of Cash Flows
US GAAP Comparison
Chapter 7: Accounting Policies, Changes in Accounting Estimates, and Errors
Introduction
Scope
Definitions of Terms
Importance of Comparability and Consistency in Financial Reporting
Accounting Policy
Selecting Accounting Policies
Changes in Accounting Policies
Changes in Accounting Estimates
Correction of Errors
Future Developments
US GAAP Comparison
Chapter 8: Inventories
Introduction
Definitions of Terms
Recognition and Measurement
Methods of Inventory Costing Under IAS 2
Examples of Financial Statement Disclosures
US GAAP Comparison
Chapter 9: Property, Plant and Equipment
Introduction
Definitions of Terms
Recognition and Measurement
Derecognition
Disclosures
Examples of Financial Statement Disclosures
US GAAP Comparison
Chapter 10: Borrowing Costs
Introduction
Definitions of Terms
Recognition and Measurement
Future Development
US GAAP Comparison
Chapter 11: Intangible Assets
Introduction
Scope
Definitions of Terms
Recognition and Measurement
Disclosures
Example of Financial Statement Disclosure
US GAAP Comparison
Chapter 12: Investment Property
Introduction
Definitions lOf Terms
Identification
Recognition and Measurement
Presentation and Disclosure
Examples of Financial Statement Disclosures
US GAAP Comparison
Chapter 13: Impairment of Assets and Non-Current Assets Held for Sale
Introduction
Definitions of Terms: Impairment of Assets
Impairment of Assets (IAS 36)
Examples of Financial Statement Disclosures
Definitions of Terms: Non-Current Assets Held for Sale
Non-Current Assets Held for Sale
Discontinued Operations
Examples of Financial Statement Disclosures
US GAAP Comparison
Chapter 14: Consolidations, Joint Arrangements, Associates and Separate Financial Statements
Introduction
Definitions of Terms
Consolidated Financial Statements
Examples of Financial Statement Disclosures
Joint Arrangements
Associates
Equity Method of Accounting
Examples of Financial Statement Disclosures
Separate Financial Statements
Disclosure Requirements
Transition Guidance
US GAAP Comparison
Chapter 15: Business Combinations
Introduction
Definitions of Terms
Business Combinations and Consolidations
Business Combinations
Disclosure Requirements
Examples of Financial Statement Disclosures
Future Developments
US GAAP Comparison
Chapter 16: Shareholders' Equity
Introduction
Definitions of Terms
Recognition and Measurement
Presentation and Disclosure
Classification Between Liabilities and Equity
Share Issuances and Related Matters
Examples of Financial Statement Disclosures
US GAAP Comparison
Chapter 17: Share-Based Payment
Introduction
Scope
Definitions of Terms
Overview
Recognition and Measurement
Equity-Settled Share-Based Payments
Cash-Settled Share-Based Payments
Share-Based Payment Transactions with Cash Alternatives
Share-Based Transactions Among Group Entities
Disclosure
Examples of Financial Statement Disclosures
US GAAP Comparison
Appendix: Employee Share Options Valuation Example
Chapter 18: Current Liabilities, Provisions, Contingencies and Events After the Reporting Period
Introduction
Definitions of Terms
Recognition and Measurement
Disclosures
Practical Examples
Reporting Events Occurring after the Reporting Period
Examples of Financial Statement Disclosures
Future Developments
US GAAP Comparison
Chapter 19: Employee Benefits
Introduction
Definitions of Terms
Background
Basic Principles of IAS 19
Post-Employment Benefit Plans
Employer's Liability and Assets
Minimum Funding Requirement
Other Pension Considerations
Disclosures for Post-Employment Benefit Plans
Examples of Financial Statement Disclosures
Other Employee Benefits
Future Developments
US GAAP Comparison
Chapter 20: Revenue from Contracts with Customer
Introduction
Definitions of Terms
Scope
The Revenue Model
Contract Cost
Presentation
Disclosure
Specific Transactions
Example of Financial Statement Disclosures
US GAAP Comparison
Chapter 21: Government Grants
Introduction
Scope
Definitions of Terms
Recognition of Government Grants
Presentation and Disclosure
Other Issues
Service Concessions
US GAAP Comparison
Chapter 22: Leases
Introduction
Definitions of Terms
Classification of Leases
Recognition and Measurement
Disclosure Requirements Under IAS 17
Examples of Financial Statement Disclosures
Future Developments
US GAAP Comparison
Appendix A: Special Situations Not Addressed by IAS 17 but which have been Interpreted Under US GAAP
Appendix B: Leveraged Leases Under US GAAP
Chapter 23: Foreign Currency
Introduction
Definitions of Terms
Scope, Objectives and Discussion of Definitions
Foreign Currency Transactions
Translation of Foreign Currency Financial Statements
Guidance Applicable to Special Situations
Disclosure
Hedging
Examples of Financial Statement Disclosures
US GAAP Comparison
Chapter 24: Financial Instruments
Introduction
Definitions of Terms
Recognition, Measurement and Derecognition of Financial Instruments
Financial Liabilities
Subsequent Measurement of Financial Liabilities
Embedded Derivatives
Financial Instruments Measured at Amortised Cost
Fair Valuation Gains and Losses
Impairment of Financial Instruments
Hedge Accounting
Effective Date and Transition Requirements of IFRS 9
Presentation of Financial Instruments Under IAS 32
Disclosures
Chapter 25: Fair Value
Introduction
Scope
Definitions of Terms
Fair Value Measurement Principles and Methodologies
Fair Value Disclosure
Education Material
Future Developments
US GAAP Comparison
Chapter 26: Income Taxes
Introduction
Scope
Definitions of Terms
Identification
Recognition and Measurement of Current Tax
Recognition and Measurement of Deferred Tax
Recognition in Profit or Loss
Calculation of Deferred Tax Asset or Liability
Effect of Changed Circumstances
Specific Transactions
Presentation and Disclosure
Example of Financial Statement Disclosures
US GAAP Comparison
Chapter 27: Earnings PER Share
Introduction
Scope
Definitions of Terms
Concepts, Rules and Examples
Example of Financial Statement Disclosures
US GAAP Comparison
Chapter 28: Operating Segments
Introduction
Scope
Definitions of Terms
Identification
Concepts and Requirements Under IFRS 8
Disclosure Requirements
Example of Financial Statement Disclosures Under IFRS
US GAAP Comparison
Chapter 29: Related Party Disclosures
Introduction
Definitions of Terms
Identification
Disclosures
Example of Financial Statement Disclosures
US GAAP Comparison
Chapter 30: Accounting and Reporting by Retirement Benefit Plans
Introduction
Definitions of Terms
Scope
Defined Contribution Plans
Defined Benefit Plans
Disclosures
US GAAP Comparison
Chapter 31: Agriculture
Introduction
Scope
Definitions of Terms
Identification
Recognition and Measurement
Presentation and Disclosures
Examples of Financial Statement Disclosures
Other Issues
US GAAP Comparison
Chapter 32: Extractive Industries
Introduction
Definitions of Terms
Exploration and Evaluation of Mineral Resources
Assets Subject to IFRS 6
Example of Financial Statement Disclosures
IFRIC 20 Stripping Cost in the Production Phase of a Surface Mine
Example of Financial Statement Disclosures
Future Developments
US GAAP Comparison
Chapter 33: Accounting for Insurance Contracts
Introduction
Definitions of Terms
Insurance Contracts
Recognition and Measurement Guidance
Disclosure
Future Developments
US GAAP Comparison
Chapter 34: Interim Financial Reporting
Introduction
Scope
Definitions of Terms
Alternative Concepts of Interim Reporting
Objectives of Interim Financial Reporting
Application of Accounting Policies
Presentation
Recognition Issues
US GAAP Comparison
Chapter 35: Hyperinflation
Introduction
Financial Reporting in Hyperinflationary Economies
US GAAP Comparison
Appendix: Monetary vs. Non-Monetary Items
Chapter 36: First-Time Adoption of International Financial Reporting Standards
Introduction
Definitions of Terms
First-Time Adoption Guidance
Optional Exemptions
Presentation and Disclosure
Index
End User License Agreement
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End User License Agreement
Index
12-month expected credit losses
absences
absorption (full) costing
AC
see
IFRS Advisory Council
accelerated depreciation
accounting bases
accounting consolidation
accounting estimates
changes in
comparability
consistency
definition of change in
definitions of terms
future developments
PPE disclosures
scope of standards
US GAAP comparisons
accounting mismatches
accounting models
accounting policies
amortisation method
applying changes
changes in
comparability
consistency
consolidated statements
definition of change in
definition of
definitions of terms
disclosures
financial instruments
financial statements
first-time adoption
future developments
IASconsistency under
impracticability exception
indirect effects of change
interim financial reporting
retrospective application
scope of standards
segment policies
selection
US GAAP comparisons
accounting profit or loss
Accounting Regulatory Committee (ARC)
Accounting Standards Advisory Forum (ASAF)
Accounting Standards Codification (ASC)
accounts payable
accounts receivable
accrual accounting basis
accrued benefit obligation
accrued benefit valuation methods
accrued liabilities
accrued pension cost
accrued post-retirement benefit obligation
accumulated depreciation
definition
intangible assets
PPE
acquirees
acquirers
acquisition date
acquisition method
acquisition-related costs
bargain purchases
boundaries of exchange transactions
business combinations
consideration transferred
contingent liabilities
definition
exceptions
exit activities
goodwill
measurement
new information
non-controlling interests
post-combination accounting
recognition
restructuring
acquisition-related costs
acquisitions
business combinations
definition
equity method
footnote disclosures
joint operations
residual values
reverse acquisitions
statement of cash flows
step acquisitions
subsidiaries
active markets
agriculture
definition
fair value
actuarial gains and losses
actuarial present value
actuarial valuation
additional comparative information
additional contributed capital
adjusted net asset method
adjusting events after reporting period
agency liabilities
agents
aggregated disclosures
aggregated exposure
aggregated items in statements
agriculture
activity
definitions of terms
disclosures
examples of disclosures
exclusions from IAS
identification
IFRS for SMEs
intangible assets
land
measurement
presentation
produce
recognition
scope of standards
US GAAP comparisons
AICPA
see
American Institute of Certified Public Accountants
alternative transition method
American Institute of Certified Public Accountants (AICPA)
amortisation
amortisation period
definition
depreciation
interim periods
methods
revenue-based
revenue recognition
amortised cost
business models
cash flow characteristics
changes to contractual terms
definition
financial assets
financial instruments
financial liabilities
Anglo-Saxon reporting approach
annual costs
antidilution
see also
dilution
ARC
see
Accounting Regulatory Committee
arm’s length transactions
artistic-related intangible assets
ASAF
see
Accounting Standards Advisory Forum
ASC
see
Accounting Standards Codification
ask price
asset ceiling
assets
acquirer plans to idle
alternative use
biological
business combinations
carried at fair value
contingent
contract
corporate
current
customer control of
deferred tax
definitions
depreciation
disposal
employers
exchanges of
extractive industries
fair value measurement
government grants
identifiable
IFRSsubject to
indemnification
insurance
leases
long-lived
monetary
net
non-depreciable
non-monetary
subject to operating leases
ownership transfers
plan assets
qualifying
research and development
returns at termination
revaluation
segment
self-constructed
similar productive
statement of financial position
tangible
transfers
with uncertain cash flows
see also
financial assets
;
impairment of assets
;
intangible assets
;
non-current assets. . .
assets held for sale
acquisition method
definition
impairments
see also
non-current assets held for sale
assignment of lease to third party
associates
accounting for
acquiring in stages
definition of
definitions of terms
disclosures
equity method
examples of disclosures
first-time adoption
IASrequirements
identification
income taxes
increasing stake in
interests in
related party disclosures
US GAAP comparisons
attribution
authorisation date
awards
balance sheet
see
statement of financial position
bargain purchase option (BPO)
bargain purchases
acquisition method
business combinations
definition
gains from
bearer plants
benefits
business combinations
deferred taxes
economic
guaranteed
simultaneous receipt/consumption of
see also
employee benefits
;
retirement benefit plans
bid price
bill-and-hold
binomial model
biological assets
biological transformation
Black–Scholes–Merton (BSM) model
bonuses
book value
see
carrying amounts
borrowing costs
capitalisation
definition of
definitions of terms
disclosures
first-time adoption
future developments
measurement
recognition
US GAAP comparisons
BP example
BPO
see
bargain purchase option
brands
breaches
brokered markets
brokers
BSM
see
Black–Scholes–Merton model
buildings
see also
property...
business, definition
business combinations
acquisition method
background
bargain purchases
consideration transferred
consolidations
contingent payments
deferred tax
definition of
definitions of terms
determining parts of transactions
disclosures
employee benefits
event accounted for as combination
examples of disclosures
exchange transactions
fair value
first-time adoption
footnote disclosures
future developments
gain from bargain purchase
goodwill
identifiable assets
income taxes
indemnification assets
intangible assets
leases
measurement
non-controlling interests
pension plans
post-combination accounting
qualifying as a business
recognition
replacement awards
step acquisitions
structuring techniques
tangible assets
tax benefit recoverability
temporary differences
US GAAP comparison
business models
business units
buyouts
by-products
C&F (cost and freight) contracts
call options
capital
additional contributed
concept of
conceptual framework
donated
see also
share capital
capitalisation of borrowing costs
capitalised interest costs
costs in excess of recoverable amounts
how much to capitalise
when to start
when to stop
capitalisation method
capital maintenance
Capital Markets Advisory Committee (CMAC)
career-average-pay formula
carrying amounts
definitions
gross
PPE
cash basis of accounting
cash/cash equivalents
cash alternatives
components
contract settlement
current assets
definitions
derivatives settled for cash
reconciliations
share-based payments
cash dividends
cash flow hedges
cash flow per share
cash flows
DCF method
effective interest rate
expected flows
financial assets
future flows
government grants
hedged items
hedging disclosures
modification of contractual
operating activities
uncertain
see also
statement of cash flows
cash-generating units
definitions
E&E assets
impairment of assets
impairment losses
non-current assets held for sale
cash-settled contracts
cash-settled derivatives
cash-settled share-based payments
definition
measurement
modifications to terms/conditions
with net settlement features
vesting/non-vesting conditions
withholding tax obligations
cash shortfall
cedant
chief operating decision makers (CODMs)
CIF (cost, insurance and freight) contracts
close members of family of individual
closing date
closing rate
CMAC
see
Capital Markets Advisory Committee
CMOs
see
collateralised mortgage obligations
CODMs
see
chief operating decision makers
collateral
collateralised mortgage obligations (CMOs)
collectability of consideration
combined contracts
commencement of lease term
commercial substance
commodity broker-traders
common costs
comparability
comparative financial statements
comparative information
additional
first-time adoption
Meikles Group case study
minimum
presentation of financial statements
related party disclosures
statement of profit or loss and OCI
see also
financial information
; information
comparative interim financial statements
compensated absences
compensation
complex capital structure, EPS
compliance
component depreciation
component of entity
compound financial instruments
accounting by acquirer
accounting by issuer
classification
definition
financial instrument disclosures
financial instrument presentation
first-time adoption
income taxes
shareholders’ equity
see also
financial instruments
comprehensive income
total
see also
other comprehensive income
;
statement of comprehensive income. . .
computer software costs
conceptual framework
1989 framework
accounting model
general-purpose financial statements
purpose and status
qualitative characteristics of information
conceptual framework
for financial reporting
hierarchy of standards
IFRS Practice Statement
Management Commentary
project
conceptual framework project
2013 Discussion Paper
Exposure Draft
concessions
see also
service concessions
consideration
collectability of
payable to customer
transferred
variable
consignments
definition
examples
inventories
revenue recognition
sales
consistency
consolidated financial statements
accounting policy
cash flows
consolidation procedures
definitions of
definitions of terms
disclosures
examples of disclosures
financial position
fund managers
hyperinflation
income taxes
indirect interest
investment entities
measurement
non-controlling interests
ownership changes
ownership interest
power
reporting dates
rights
scope of standards
subsidiaries
temporary differences
transition guidance
US GAAP comparisons
voting rights
consolidated reporting
consolidations
constant-growth DDM
constructive obligation
contingencies
contingent assets
contingent consideration
contingent issuance of ordinary shares
contingent lease arrangements
contingent liabilities
acquisition method
definitions
disclosure under IAS
financial guarantee contracts
future developments
likelihood of events
litigation
remote contingent losses
see also
liabilities
contingent payments
contingent rentals
contingent settlement provisions
contingent share agreement
contract assets
definition
impairment of financial instruments
intangible assets
contract liability
contracts
amortisation
changes to terms
combined
costs
definition
derivatives
favourable
financial guarantees
financing components
fulfilment costs
hybrid
identification
impairment
incremental costs
insurance
modifications
non-financial items
onerous
performance obligations
revenue model
settled in cash
unfavourable
variable consideration
see also
insurance contracts
contributions
control
consolidated statements
definitions of
of an investee
conversion, definition
conversion costs
convertible instruments
co-operative entities
copyrights
corporate assets
corporations
correction of errors
cost approaches
cost of goods sold
cost method
cost model
extractive industries
intangible assets
investment property
costs/costing
acquisition-related costs
annual costs incurred unevenly
C&F/CIF contracts
common costs
computer software
contracts
conversion costs
deemed costs
definitions
development costs
direct costing
disposal costs
dry-docking costs
employee benefits
executory costs
fair value less costs to sell
government grants
IASrecognition criteria
incremental costs
initial direct costs
intangible assets
inventories
past service costs
post-employment benefit plans
prepaid pension costs
replacement costs
service costs
standard costs
stripping costs
subsequent to purchase/self-construction
transaction costs
transport costs
website development
see also
amortised costs;
borrowing costs
;
decommissioning costs
costs to sell
coterminous year-end dates
creator of SPE
credit adjustment effective interest rate
credit enhancements
credit-impaired financial assets
credit losses
credit risk
collateral
credit-impaired financial assets
definition
disclosures
effects of changes in
expected credit losses
exposure
financial liabilities
hedge effectiveness
impairment of financial instruments
insurance contracts
liquidity risk disclosures
low at reporting date
management practices
quantitative/qualitative information
responsiveness to changes in
significant increases in
credits, tax
cumulative preference dividends
cumulative preferred shares
cumulative translation differences
currency
see
foreign currency
currency risk
current assets
current cost reporting
current liabilities
amount and payee known
classification
definition
long-term debt
measurement
nature of
offsetting
payee known
payee unknown
provisions
recognition
short-term obligations
statement of financial position
types of
current service cost
current tax
current use, example
curtailment of benefit plan
customers
acceptance
asset control
assets transferred from
consideration payable to
intangible assets
major customers
operating segments
simultaneous receipt/consumption of benefits
unexercised rights
cyclic revenues
DaimlerChrysler case study
date of transition to IFRS
DCF
see
discounted cash flow method
DDM
see
dividend discount model
dealer markets
decision makers
chief operating
consolidated statements
definition
decommissioning costs
changes in
definition
examples
initial measurement
PPE
provisions
decommissioning liabilities
decommissioning provisions
deductible differences
deemed cost
defaults
deferred stripping
deferred taxes
assets
benefit becoming recoverable
business combinations
definition
disclosures
examples of disclosures
exemptions
fair value adjustments
hyperinflation
IFRS for SMEs
intercompany transactions
liabilities
limitation on asset recognition
measurement
offsetting differences
planning to realise assets
recognition
revaluation
tax law changes
temporary differences
unused tax losses/credits
defined benefit plans
defined contribution plans
deposit component
depreciable amount
depreciable assets
depreciation
accumulated
component depreciation
definitions
intangible assets
interim periods
leases
methods
partial-year
PPE
replacement costs
residual value
revaluation
tax methods
units of production method
derecognition
conceptual framework
definition
financial assets
financial instruments
financial liabilities
first-time adoption
IFRS for SMEs
intangible assets
investment property
PPE
transfers of assets
derivatives
definition
embedded
forwards
loans qualifying as
not based on financial instruments
options
settled for cash
swaps
transactions involving
development
activities
costs
definition
intangible assets
phase
websites
dilution
convertible instruments
EPS
losses
options
sequencing of effects
US GAAP comparisons
warrants
direct (variable) costing
direct financing leases
direct insurance contracts
direct method
disclosures
accounting policies
agriculture
alternative transition method
associates
borrowing costs
BP example
business combinations
conceptual framework
consolidated statements
contingent liabilities
credit risk
deferred taxes
discontinued operations
earnings per share
employee benefits
errors
events after reporting period
extractive industries
fair value
financial instruments
first-time adoption
foreign currency
goodwill
government grants
hedge accounting
hyperinflation
IFRS
IFRS
IFRS for SMEs
impairment of assets
income taxes
insurance contracts
intangible assets
interim financial reporting
inventories
investment property
joint arrangements
leases
non-current assets held for sale
operating segments
overlay approach
post-employment benefit plans
PPE
presentation of financial statements
provisions
related parties
reporting period, events after
retirement benefit plans
revenue recognition
separate financial statements
share-based payments
share capital
shareholders’ equity
statement of cash flows
statement of changes in equity
statement of profit or loss and OCI
discontinuation
definitions
disclosures
equity method
examples of disclosures
hedge accounting
operating segments
operations
PPE
presentation
statement of profit or loss and OCI
US GAAP comparisons
discounted cash flow method (DCF)
discounts/discounting
discount rates
impairment of assets
non-controlling discounts
performance obligations
provisions
revenue model
trade discounts
volume discounts
discretionary participation
Discussion Papers
disposals
costs
derecognition
disposal groups
foreign operations
investment property
non-current assets held for sale
PPE
provisions
subsidiaries
distinct goods or services
dividend discount model (DDM)
dividends
cash dividends
current liabilities
definition
events after reporting period
financial instruments
income tax
liquidating dividends
share capital
shareholders’ equity
donated capital
DPOC
see
Due Process Oversight Committee
dry-docking costs
Due Process Oversight Committee (DPOC)
E&E
see
exploration and evaluation
early adoption of IFRS
earnings
from investments
retained
earnings per share (EPS)
complex capital structure
concepts/rules/examples
contingent issuances of ordinary shares
contracts settled in shares/cash
definitions of terms
dilution
disclosures
examples of disclosures
interim financial reporting
presentation
scope of standards
simple capital structure
US GAAP comparisons
EC
see
European Commission
economic benefits
economic life of leased property
education material supporting IFRS
effective interest method
effective interest rate
EFRAG
see
European Financial Reporting Advisory Group
elections by corporations
electronic equipment
embedded derivatives
definition
financial instruments
IFRS for SMEs
insurance contracts
employee benefits
acquisition method
background
basic principles of IAS
business combinations
definition of
definitions of terms
disclosures
employer liabilities/assets
examples of disclosures
funding practices
importance of accounting
liabilities
measurement
minimum funding requirement
need for accounting rules
objectives of cost accounting
other long-term benefits
other post-retirement benefits
plan types
short-term
termination benefits
US GAAP comparison
see also
pensions
;
post-employment benefit plans
;
retirement benefit plans
employees
contingent payments
contributing to pension plans
share-based payments
share options
see also
employee benefits
employer liabilities/assets
Employment Retirement and Income Security Act (ERISA)
entry price, definition
environmental damage
EPS
see
earnings per share
equipment
see also
property, plant and equipment
equity
classification
definition
financial instruments
see also
shareholders’ equity
;
statement of changes in equity
equity instrument granted
equity instruments
definitions
fair value measurement
financial assets
held by third parties
marketable
not held by third parties
restrictions preventing transfers
settled in entity’s own
unquoted
equity interests
equity method
accounting at acquisition
acquiring associate in stages
application
basic principles
complex example
definition
dilution losses
discontinuance
impairment of investment value
increasing stake in associate
intercompany transactions
non-monetary assets
ownership interest
scope of standards
simple example
equity price risk
equity-settled share-based payments
cancellations
definitions
employees
fair value measurement
goods and services
market performance conditions
modifications
non-market performance conditions
service conditions
settlements
see also
share-based payments
ERISA
see
Employment Retirement and Income Security Act
errors
comparability
consistency
correction
definitions of terms
disclosures
examples
future developments
impracticability exception
scope of standards
US GAAP comparisons
estimates
exceptions to IFRS
interim periods
obligations
provisions
see also
accounting estimates
EU
see
European Union
Europe
European Commission (EC)
European Financial Reporting Advisory Group (EFRAG)
European Union (EU)
IASB and Europe
IFRS for SMEs
presentation of financial statements
WE&EE
evaluation,
see also
exploration and evaluation
events after reporting period
adjusting/non-adjusting events
authorisation date
definition
disclosures
dividends proposed/declared
examples of disclosures
going concerns
exchange differences
exchange markets
exchange rates
exchanges
business combinations
definition
foreign exchange
non-monetary
PPE assets
see also
transaction...
executory costs
exit activities/strategies
exit price, definition
expected cash flows
expected credit losses
amounts arising from
definition
financial instruments
lifetime
twelve-month
expected post-retirement benefit obligation
expected return on plan assets
expected value
expenditures
expenses
definition
general corporate
offsetting items
prepaid
segment
statement of changes in equity
statement of profit or loss and OCI
temporary differences
see also
prepaid expenses
experience adjustments
explicit and unreserved statements of compliance
exploration and evaluation (E&E)
assets
expenditures
extractive industries
mineral resources
Exposure Drafts
extensions of leases
extinguishment of debt
Extractive Activities
Discussion Paper
extractive industries
assets subject to IFRS
definitions of terms
disclosures
Discussion Paper
E&E
examples of disclosures
future developments
mineral resources
US GAAP comparisons
extraordinary items
fairness exception
fair presentation of financial statements
fair valuation gains and losses
fair value
agriculture
assets carried at
business combinations
debate over measurement
decrease in
deferred tax
definitions of
definitions of terms
disclosures
education material
financial instruments
first-time adoption
foreign currency
future developments
hedges
hierarchy
increase in
initial recognition
insurance contracts
leased assets
measurement
Meikles Group case study
revaluation
scope of standards
share-based payments
US GAAP comparisons
fair value hierarchy
Level
Level
Level
fair value of leased property (FMV)
fair value less costs to sell
fair value measurement
equity instruments
equity-settled share-based payments
fair value for net exposures
financial instruments
financial liabilities
first-time adoption
inability to measure reliably
inputs
investment entities
investment property
item identification
liabilities held/not held by third parties
market participants
measurement considerations
most advantageous market
principal market
principles/methodologies
risk assumptions when measuring liabilities
shareholders’ equity
significant decrease in activity level
third parties
transfer restrictions
typology of markets
valuation
fair value model
fair value through OCI (FVTOCI)
business models
effective interest method
fair valuation gains/losses
financial assets
financial instrument disclosures
hedge accounting
IFRSrequirements
impairment of financial instruments
transaction costs
unquoted equity instruments
fair value through profit or loss (FVTPL)
business models
derivatives not settled for cash
embedded derivatives
financial assets
financial instrument disclosures
financial liabilities
foreign exchange
hedge accounting
IFRSrequirements
IFRSvs IAS
loan commitments
“farm gate” prices
FAS
see
free alongside
FASB
see
Financial Accounting Standards Board
favourable contracts
fees
FIFO
see
first-in, first-out
final-pay plan
finance leases
accounting for
definition
direct financing leases
IFRS for SMEs
lessee disclosures
lessor disclosures
leveraged leases
sales-type leases
types
Financial Accounting Standards Board (FASB)
conceptual framework
fair value measurement
FASB Framework
IASB and financial reporting
leases
revenue recognition
statement of financial position
financial aid
financial assets
accounting mismatches
amortised cost
business models
cash flows
changes to contractual terms
classification
credit-impaired
definition
derecognition
equity instruments
evaluating performance
fair value measurement
financial instrument disclosures
financial instrument presentation
first-time adoption
FVTOCI
FVTPL
government grants
gross carrying amount
held for trading
impairment
insurance contracts
loss allowances
managing performance
modified
monetary
offsetting
purchased or originated credit-impaired
reclassification
regular way purchase/sale
securitisation
subsequent measurement
transfers
financial guarantee contracts
financial information
see also
comparative information
;
information
financial institutions
financial instruments
accounting policies
amortised cost
classes of
classification
definition of
definitions of terms
derecognition
designation of previously recognised
disclosures
embedded derivatives
evaluating performance
examples of disclosures
fair valuation gains/losses
financial assets
financial liabilities
first-time adoption
hedge accounting
IASvs IFRS
IFRS
IFRS
IFRS for SMEs
levels of disclosure
managing performance
measurement
objectives of standards
offsetting
presentation
recognition
risks
scope of standards
see also
compound financial instruments
;
impairment of financial instruments
financial liabilities
accounting mismatches
amortised cost
classification
definition
with demand features
derecognition
designated as at FVTPL
fair value measurement
financial instrument disclosures
financial instrument presentation
first-time adoption
FVTPL
held for trading
IFRS
liquidity risk
monetary
offsetting
reclassification
subsequent measurement
financially feasible, definition
financial position
see also
statement of financial position
financial reporting
see also
interim financial reporting
;
International Financial Reporting Standards
financial risk
financial statements
business combinations
conceptual framework
elements of
events after reporting period
extractive industries
first IFRS
foreign currency
interim
leases
objectives
purpose of
related party disclosures
revenue recognition
translations of
see also
consolidated financial statements
;
presentation of financial statements
;
separate financial statements
; statement of...
financing activities
financing components
finished goods
firm commitments
first IFRS financial statements
first IFRS reporting period
first-in, first-out (FIFO)
accounting changes
definition
inventories
first-time adopter of IFRS
first-time adoption
accounting policies
comparative information
DaimlerChrysler case study
definitions of terms
disclosures
explanation of transition
guidance
IFRS for SMEs
interim reporting
key dates
mandatory exceptions to IFRS
Meikles Group case study
objective of IFRS
opening statement of financial position
optional exemptions
options with/within standards
presentation
reconciliations
scope of IFRS
steps in transition
transition from US GAAP
FMV
see
fair value of leased property
FOB
see
free on board
footnote disclosures
forecast transactions
foreign currency
definition of
definitions of terms
disclosures
discussion of definitions
examples of disclosures
fair value
financial statements
functional currency
gains and losses
goodwill
hedging
intragroup balances
monetary items
non-controlling interests
non-monetary items
objectives
presentation currency
reporting dates
scope of standards
special situations
statement of cash flows
transactions
US GAAP comparison
see also
foreign operations
;
translation
foreign currency risk
see
currency risk
foreign entities
foreign operations
consolidations
definition
disposal of
hedging net investments
inventory reporting
net investments
translation differences
see also
foreign currency
forgivable loans
forwards
free alongside (FAS)
free on board (FOB)
freight
fulfilment costs
full (absorption) costing
functional currency
funding
fund managers
funds, definition
future investment margins
future operating losses
futures
FVTOCI
see
fair value through OCI
FVTPL
see
fair value through profit or loss
GAAP
see
Generally Accepted Accounting Practice
gains
actuarial
bargain purchases
controlling interest disposal
employee benefits
error correction
fair valuation
financial instruments
foreign exchange
impairment
modification
realised
sale of biological assets
statement of changes in equity
statement of profit or loss and OCI
see also
profit or loss
general borrowings
general corporate expenses
Generally Accepted Accounting Practice (GAAP)
see also
national GAAP
; US GAAP. . .
general-purpose financial reporting
general-purpose financial statements
geographical information
Global Preparers Forum (GPF)
going concerns
goods
customer options
distinct
equity-settled share-based payments
revenue recognition
in transit
see also
inventories
goodwill
acquisition method
business combinations
consolidated statements
deferred tax exemptions
definitions
examples of disclosures
first-time adoption
foreign currency
impairment
intangible assets
internally generated
government
accounting
assistance
below market rate loans
definitions
related party disclosures
government grants
agriculture
related to assets
below-market loans
cash flows
comprehensive income
definition of
definitions of terms
depreciable assets
disclosures
financial aid
government assistance
impairment of assets
related to income
income taxes
intangible assets
interim financial reporting
non-depreciable assets
non-monetary grants
presentation
recognition
repayments
scope of standards
service concessions
specific costs
US GAAP comparison
GPF
see
Global Preparers Forum
grant date
see also
government grants
gross carrying amounts
“grossing up” method
gross investment in lease
gross reporting
groups
biological assets
definitions
hedge accounting
share-based payments
guarantee contracts, financial
guaranteed benefits
guaranteed elements
guaranteed residual value
harvest, definition
hedge accounting
cash flow hedges
changes to hedge ratio
components of nominal amount
designation of instruments
disclosures
discontinuation
fair value hedges
financial items
financial position/performance
first-time adoption
forward element of forwards
groups of items
hedging relationships
IFRS for SMEs
net investments in foreign operations
objectives
qualifying criteria
scope of standards
time value of options
transition
see also
derivatives
hedged items
hedge effectiveness
hedge ratio
hedging
definition
foreign currency
instrument definition
relationships
held-for-sale classification
held for trading, definition
hierarchy of fair value
hierarchy of GAAP
highest and best use
highly probable, definition
historical cost accounting
historical cost reporting
hybrid contracts
hyperinflation
comparative financial statements
consolidated statements
disclosures
first-time adoption
hyperinflationary economies
monetary vs non-monetary items
restatements
severe according to IFRS
US GAAP comparisons
see also
inflation
hyperinflationary economies
ceasing to be hyperinflationary
financial reporting
hyperinflation under IFRS
interim financial reporting
IASB
see
International Accounting Standards Board
IASC
see
International Accounting Standards Committee
ICAEW
see
Institute of Chartered Accountants in England and Wales
identifiable assets
acquisition method
business combinations
definitions
identifiable intangibles
IFAC
see
International Federation of Accountants
if-converted method
IFRIC
see
IFRS Interpretations Committee
IFRS Advisory Council (AC)
IFRS Foundation
IFRS Interpretations Committee (IFRIC/IFRSIC)
current standards
leasing guidance
IFRIC
IFRIC
IFRIC
IFRIC
IFRIC
IFRIC
IFRIC
IFRIC
IFRIC
IFRIC
IFRIC
IFRIC
IFRIC
IFRIC
IFRS Practice Statement
Management Commentary
elements of
nature and scope
presentation
principles
qualitative characteristics
IFRSs
see
International Financial Reporting Standards
IFRS for SMEs
application
as a complete standard
definition of SMEs
disclosures
implications of
maintenance
measurement
modifications of full IFRS
omitted topics
recognition
simpler options
SMEIG
impairment
accounting estimates
contracts
equity method
financial assets
gains
goodwill
intangible assets
impairment of assets
accounting for
definitions of terms
disclosures
examples of disclosures
government grants
IASrequirements
identifying impairments
insurance
interim periods
leases
recovery
reversals of impairments
scope of standards
US GAAP comparisons
impairment of financial instruments
applying probabilities
contract assets
credit losses
credit risk
general approach
impact of collateral
lease receivables
modified financial assets
purchased or originated credit-impaired financial assets
reasonable and supportable information
trade receivables
impairment losses
definitions
intangible assets
impairment tests/testing
impracticability
impracticability exception
impracticable, definitions
Improvements Project
inception of lease
income
categories
concepts of
definitions
fair value approaches
government grants
measurement
recognition
statements
unearned finance
see also
comprehensive income
;
other comprehensive income
income taxes
acquisition method
assets carried at fair value
associates
business combinations
changed circumstances
compound financial instruments
current tax
DaimlerChrysler case study
definitions of terms
disclosures
dividends
examples of disclosures
government grants
IASamendments
identification
interim financial reporting
joint ventures
presentation
scope of standards
share-based payments
specific transactions
statement of profit or loss and OCI
subsidiaries
tax rates
tax status changes
temporary differences
uncertain tax treatments
US GAAP comparisons
see also
deferred tax
incremental borrowing rate
incremental costs
indemnification assets
indirect interest
indirect (reconciliation) method
industrial revolution
inflation
see also
hyperinflation
information
see also
comparative information
;
financial information
initial direct costs
initial measurement
decommissioning costs
financial instruments
investment property
PPE
transaction costs
see also
measurement
initial recognition
buying/selling non-financial items
deferred tax exemptions
fair value
financial instruments
first-time adoption
impairment of financial instruments
intangible assets
measurement subsequent to
non-financial items
PPE
see also
recognition
inputs
bid and ask prices
definitions
fair value
hierarchy of fair value diagram
input methods
Levels-
valuation techniques
Institute of Chartered Accountants in England and Wales (ICAEW)
insurance
assets
liabilities
recovery
risk
insurance contracts
accounting principles
definition of
definition of terms
disclosures
exemption from IFRS
first-time adoption
future developments
IFRSwith IFRS
interaction with other standards
measurement
overlay approach
recognition
transitional provisions
US GAAP comparisons
insured events
insurers
intangible assets
agriculture
amortisation period
artistic-related
asset exchanges
at little or no cost
business combinations
classes of
computer software costs
contract-based
control of assets
costs
criteria for recognition
customer-related
definitions of
definitions of terms
derecognition
development
disclosures
examples of disclosures
extractive industries
future economic benefits
goodwill
government grants
identifiability requirements
IFRS for SMEs
internally generated
marketing-related
measurement
nature of
PPE
recognition
revaluation
scope of standards
technology-based
US GAAP comparisons
intellectual property
intercompany profit
intercompany transactions
interest
accrued benefit obligation
in another entity
financial instruments
interest rate risk
interest rate swaps
interest rates
interim data adjustments
interim financial reporting
accounting policies
alternative concepts
consolidated reporting
content of reports
definitions of terms
disclosures
discrete view of
financial statements
first-time adoption
hyperinflationary economies
integral view of
interim data adjustments
objectives
presentation
recognition
reports
scope of standards
translation adjustments
US GAAP comparisons
interim financial statements
comparative statements
form and content
materiality
significant transactions
interim periods
amortisation
definition
depreciation
impairment of assets
restatements
tax rates/status
use of estimates
internally generated intangible assets
computer software costs
goodwill
other than goodwill
International Accounting Standards Board (IASB)
binomial model
conceptual framework
Discussion Papers
entity right to payment
Europe
Exposure Drafts
financial reporting in US
IFRIC
IFRS for SMEs
revenue recognition
International Accounting Standards Committee (IASC)
International Accounting Standards (IASs)
current standards
IAS
accounting changes
agriculture
current liabilities
first-time adoption
hedge accounting
income taxes
intangible assets
interim financial reporting
presentation of financial statements
related party disclosures
shareholders’ equity
statement of changes in equity
statement of financial position
statement of profit or loss and OCI
IAS
agriculture
extractive industries
first-time adoption
foreign currency
inventories
IAS
IAS
accounting changes
extractive industries
first-time adoption
income taxes
insurance contracts
inventories
presentation of financial statements
IAS
IAS
business combinations
first-time adoption
hyperinflation
income taxes
interim financial reporting
IAS
agriculture
extractive industries
first-time adoption
hyperinflation
intangible assets
investment property
PPE
IAS
first-time adoption
impairment of financial instruments
intangible assets
investment property
leases
IAS
IAS
consolidated statements
employee benefits
first-time adoption
IAS
agriculture
changes in tax rates/status
first-time adoption
government grants
interim financial reporting
IAS
first-time adoption
foreign currency
hedge accounting
hyperinflation
interim financial reporting
IAS
borrowing costs
first-time adoption
hyperinflation
IFRS for SMEs
inventories
PPE
IAS
IAS
IAS
business combinations
consolidated statements
first-time adoption
separate financial statements
transition guidance
IAS
associates
consolidated statements
first-time adoption
related party disclosures
separate financial statements
IAS
depreciation adjustments
foreign currency
hyperinflation
interim financial reporting
IAS
IAS
compound financial instruments
financial instruments
IASB and Europe
insurance contracts
IAS
IAS
business combinations
changes in tax rates/status
first-time adoption
interim financial reporting
IAS
associates
business combinations
extractive industries
first-time adoption
foreign currency
government grants
impairment of assets
intangible assets
interim financial reporting
PPE
IAS
contingent liabilities
current liabilities
first-time adoption
insurance contracts
interim financial reporting
PPE
provisions
warranties
IAS
accounting policies
agriculture
extractive industries
first-time adoption
IFRS for SMEs
intangible assets
IAS
financial instruments
hedge accounting
IASB and Europe
IFRSrequirements
IFRS for SMEs
impairment of financial instruments
insurance contracts
IAS
agriculture
first-time adoption
IFRS for SMEs
investment property
IAS
International Federation of Accountants (IFAC)
International Financial Reporting Standards (IFRSs)
current standards
current structure
definitions of
disclosures required on initial application
early history
introduction to
projects recently completed
standard-setting process
IFRS
IFRS
first-time adoption
share-based payments
shareholders’ equity
IFRS
business combinations
consolidated statements
embedded derivatives
equity method
financial instruments
first-time adoption
intangible assets
investment property
joint arrangements
IFRS
IFRS
agriculture
consolidated statements
first-time adoption
non-current assets held for sale
separate financial statements
statement of profit or loss and OCI
IFRS
IFRS
financial instruments
financial liabilities
interim financial reporting
IFRS
extractive industries
impairment of assets
operating segments
IFRS
agriculture
associates
business combinations
cash flow modification
compound financial instruments
effective dates
effective interest method
embedded derivatives
fair value
financial instruments
financial liabilities
first-time adoption
foreign currency
hedge accounting
IASB and Europe
impairment of financial instruments
initial measurement/recognition
insurance contracts
interim financial reporting
introduction to
revenue recognition
separate financial statements
temporary exemption from
transition requirements
IFRS
consolidated statements
first-time adoption
hedge accounting
related party disclosures
separate financial statements
transition guidance
US GAAP comparisons
IFRS
embedded derivatives
first-time adoption
joint arrangements
related party disclosures
separate financial statements
transition guidance
US GAAP comparisons
IFRS
associates
consolidated statements
insurance contracts
interim financial reporting
main objective
related party disclosures
transition guidance
US GAAP comparisons
IFRS
IFRS
fees
financial instruments
financial liabilities
impairment of financial instruments
insurance contracts
inventories
PPE
revenue recognition
statement of changes in equity
statement of profit or loss and OCI
IFRS
IFRS
International Organization of Securities Commissions (IOSCO)
intersegment sales
intragroup balances
intrasegment sales
intrinsic value
inventories
accounting for
accounting policies
consignments
costs/costing
current assets
DaimlerChrysler case study
definition of
definitions of terms
disclosures
examples of disclosures
foreign operations
IFRS costing vs tax requirements
interim financial reporting
investment property
measurement
ownership of goods
recognition
US GAAP comparisons
valuation
investees
investing activities
investment entities
business purpose
change in status
consolidated statements
definitions
disclosures
earnings from investments
exit strategies
fair value measurement
investment management services
investors
more than one investment
separate financial statements
transition guidance
investment management services
investment property
apportioning property
definition of
definitions of terms
disclosures
disposal of
examples of disclosures
examples of
identification
IFRSand IAS
IFRS for SMEs
leases
measurement
owner-occupied
presentation
recognition
retirement of
transfers to/from
US GAAP comparisons
investments
investors
IOSCO
see
International Organization of Securities Commissions
joint arrangements
assessment questions
classification examples
definition of
definitions of terms
disclosures
identification
interests in
joint operations
parties to
scope of standards
types of
US GAAP comparisons
see also
joint ventures
joint control
joint operations
accounting for
acquisitions
basic principles
definition
transition guidance
joint operators
joint products
joint venturer
joint ventures
accounting for
definition
equity method
income taxes
related party disclosures
transition guidance
key management personnel
land
agricultural
land and buildings leases
land only leases
last-in, first-out (LIFO)
LBOs
see
leveraged buyouts
leasehold improvements
lease receivables
leases
accounting for
buildings
business combinations
classification
commencement of term
contingent arrangements
DaimlerChrysler case study
definition
definitions of terms
depreciation
disclosures
equipment
examples of disclosures
extensions
first-time adoption
future developments
impairment
inception of
investment property
land and buildings
land only
leveraged leases
measurement
money-over-money transactions
other guidance
part of building only
provisions
real estate
recognition
related parties
renewals
residual values
sale-leaseback transactions
sale to third party
selected items, treatment
special situations under US GAAP
straight line method
subleases
termination of lease
term of lease
third parties
US GAAP comparison
see also
finance leases
;
lessees
;
lessors
;
operating leases
legally permissible, definition
legal obligations
lessees
accounting for leases
asset ownership transfers to
classification of leases
disclosures
incremental borrowing rate
land and building leases
land only leases
minimum lease payments
operating leases
lessors
accounting for leases
asset returns at termination
classification of leases
disclosures
land and building leases
land only leases
minimum lease payments
operating leases
leveraged buyouts (LBOs)
leveraged leases
levies
liabilities
contract liability
decommissioning
deferred tax
definitions
employee benefits
fair value measurement
financial instrument presentation
financing activities
held by third parties
included in cost of PPE
inseparable third-party credit enhancements
insurance
non-performance risk
not held by third parties
risk assumptions when valuing
shareholders’ equity
statement of financial position
transfers, restrictions preventing
see also
contingent liabilities
;
current liabilities
;
financial liabilities
liability adequacy test
liability method
LIBOR (London Inter-bank Offered Rate)
licence/licensing
lifetime expected credit losses
LIFO
see
last-in, first-out
liquidating dividends
liquidity effect adjustments
liquidity risk
litigation
loan commitments
loans
below-market rate
forgivable
government
qualifying as derivatives
local GAAP
see also
Generally Accepted Accounting Practice
long-lived assets
long-term debt
long-term employee benefits
loss allowances
losses
actuarial
associates
biological asset sale
credit
dilution
employee benefits
error corrections
fair valuation
financial instruments
foreign exchange
future operating losses
modification
parent loss of subsidiary
realised
recovery
remote contingent
share of loss exceeding interest
statement of changes in equity
statement of profit or loss and OCI
tax
unused tax
see also
impairment losses
;
profit or loss
major customers
management commentary
markdown
marketable equity instruments
market approaches
market conditions
market-corroborated inputs
marketing-related intangible assets
market participants
market performance conditions
market risk
markets
market value
mark-up
master netting arrangements
matching principle
material, definition
material errors
materiality
material omissions
measurement
acquisition method
agriculture
borrowing costs
business combinations
conceptual framework
consolidated statements
credit losses
current liabilities
dates
deferred tax
employee benefits
fair value
financial instruments
first-time adoption
goodwill
IFRS for SMEs
income
insurance contracts
intangible assets
inventories
investment property
leases
models
non-current assets held for sale
performance obligations
post-employment benefit plans
PPE
share-based payments
shareholders’ equity
statement of changes in equity
statement of profit or loss and OCI
see also
fair value measurement
;
initial measurement
Meikles Group case study
Memorandum of Understanding (MoU)
Merton
see
Black–Scholes–Merton model
mineral resources
minimum comparative information
minimum funding requirement
minimum lease payments (MLP)
minority interests
misstatements
mixed attribute model
MLP
see
minimum lease payments
MNCs
see
multinational corporations
modification gains/losses
modifications
contracts
contractual cash flows
equity-settled share-based payments
financial assets
IFRS for SMEs
share-based payments
modified indirect method
monetary assets
monetary items
definition
foreign currency
hyperinflation
monetary liabilities
money-over-money lease transactions
Monitoring Board, IFRS Foundation
mortality rate
mortgages, CMOs
most advantageous market
MoU
see
Memorandum of Understanding
multi-employer benefit plans
multinational corporations (MNCs)
multiperiod options
multiple pension plans
mutual entities
Napoleonic Commercial Code
national GAAP
extractive industries
fair value measurement
first-time adoption
statement of cash flows
statement of financial position
see also
Generally Accepted Accounting Practice
net assets
net interest on net defined benefit liability
net investments
foreign operations
hedge accounting
leases
net realisable value (NRV)
definitions
interim financial reporting
inventories
net reporting
net selling price
net settlement
netting arrangements
“netting” method
nil net positions
nominal amounts
non-adjusting events after reporting period
non-cancellable leases
non-cash consideration
non-cash financing/investing
non-cash transactions
non-controlling discounts
non-controlling interests
acquisition method
business combinations
changes in proportion
consolidated statements
definitions
first-time adoption
foreign currency
retained earnings
non-current assets
non-current assets held for sale
changes of plans
definitions of terms
disclosures
discontinued operations
held for distribution to owners
held-for-sale classification
measurement
PPE
presentation
non-current debt
non-current liabilities
non-depreciable assets
non-financial items
non-market performance conditions
non-monetary assets
non-monetary grants
non-monetary items
definition
foreign currency
hyperinflation
non-monetary transactions
non-performance risk
non-reciprocal transfers
non-recourse financing
non-recurring fair value measurements
non-refundable upfront fees
non-vesting conditions
notes
notes payable
NRV
see
net realisable value
obligating events
obligations
constructive
current liabilities
estimate of
performance
present
projected benefits
observable inputs
occasional revenues
OCI
see
other comprehensive income
offsetting
assets
current liabilities
deferred taxes
financial instruments
liabilities
presentation of financial statements
revenue and expense items
statement of financial position
statement of profit or loss and OCI
onerous contracts
opening IFRS statement of financial position
operating activities
operating costs
operating cycles
operating expenses
operating leases
accounting for
assets subject to
definition
investment property
lessee disclosures
lessor disclosures
operating profit or loss
operating revenues
operating segments
definitions of
definitions of terms
disclosures
entity-wide disclosures
examples of disclosures
identification
IFRSrequirements
scope of standards
US GAAP comparisons
options
call options
definition
EPS
forward options
put options
share-based payments
statement of cash flows
time value of
orderly transactions
ordinary shares
other comprehensive income (OCI)
components
definitions
hedge accounting
presentation of financial statements
see also
fair value through OCI
;
statement of profit or loss and OCI
other equity
other long-term employee benefits
other post-retirement benefits
other price risk
output methods
overlay approach
owner-occupied property
owners, definition
ownership of goods
ownership interest
changes in
consolidated statements
equity method
loss of significant influence
ownership transfers
parent companies
consolidated statements
definitions
investment property
related party disclosures
subsidiary relationships
partial-year depreciation
participants
party to joint arrangements
par value per share
past due
past events
past service costs
patents
pay-as-you-go
payments
see also
share-based payments
PCFRC
see
Private Company Financial Reporting Committee
penalties
pensions
accrued pension cost
applicability
business combinations
contributions to
cost recognition
funding practices
importance of accounting for
multi-employer plans
multiple plans
need for accounting rules
objectives of accounting
plans
prepaid pension costs
percentage-of-sales method
performance
conditions
financial assets
hedging instruments
measures
obligations
periodic inventory system
period-specific effects
perpetual inventory system
physically possible, definition
plan amendments
plan assets
plant
see
property, plant and equipment
pledging
policies
see
accounting policies
policyholder, definition
post-combination accounting
post-employment benefit plans
actuarial gains/losses
cost measurement
current service cost
definition
disclosures
examples of disclosures
expected return on plan assets
interest on accrued benefit obligation
past service costs
transition adjustments
see also
employee benefits
;
pensions
;
retirement benefit plans
potential ordinary shares
power
PPE
see
property, plant and equipment
preference share capital
preferred shares
premiums
prepaid expenses
prepaid pension costs
presentation
agriculture
conceptual framework
discontinued operations
earnings per share
financial instruments
first-time adoption
government grants
IFRS Practice Statement
income taxes
interim financial reporting
investment property
management commentary
mixed attribute model
non-current assets held for sale
profit or loss
revenue recognition
share capital
shareholders’ equity
statement of cash flows
presentation currency
presentation of financial statements
accounting policies
accrual accounting basis
aggregation
comparative information
complete set of statements
compliance
consistency
content
definitions of terms
disclosures
fairness exception
fair presentation
future developments
going concerns
illustrative statements
materiality
notes
offsetting
reporting frequency
scope of standards
statement of compliance with IFRS
structure
see also
financial statements
present obligations
previous GAAP
see also
Generally Accepted Accounting Practice
prices/pricing
arm’s length transactions
bid and ask prices
concessions
entry/exit prices
equity price risk
“farm gate” prices
net selling price
other price risk
stand-alone selling prices
transaction prices
transfer pricing
principal markets
principals
prior period errors
prior periods
Private Company Financial Reporting Committee (PCFRC)
probabilities
probable, definition
products
product warranties
profit or loss
accounting
current tax
deferred tax
definitions
operating
presentation
taxable
see also
fair value through profit or loss
;
gains
;
losses
;
statement of profit or loss. . .
projected benefits
projects completed Julyto June
property
see
buildings
;
investment property
;
leases
;
real estate
property, plant and equipment (PPE)
decommissioning costs
definition of
definitions of terms
derecognition
disclosures
examples of disclosures
first-time adoption
initial measurement
initial recognition
intercompany transactions
measurement
Meikles Group case study
recognition
revaluation
US GAAP comparisons
prospective application
prospective recognition
protective rights
provisions
best estimates
BP disclosure example
changes in
current liabilities
DaimlerChrysler case study
definitions
disclosures
examples of disclosures
future aspects
practical examples
premiums
provision matrices
restructuring
use of provision
US GAAP comparison
prudence
public markets
purchased or originated credit-impaired financial assets
purchases
firm commitments
non-financial items
regular way
right to return
see also repurchase agreements
put options
puttable instruments
definitions
financial instruments
shareholders’ equity
put-together transactions
qualifying assets
qualitative disclosures
quantitative disclosures
R&D
see
research and development assets
rate implicit in lease
raw materials
reacquired rights
real estate
realisation, definition
realised gains or losses
reasonable measure of progress
reasonable and supportable information
rebuttable presumption, IFRS
receivables
current assets
impairment of financial instruments
Meikles Group case study
trade receivables
reclassifications
adjustments
business models
dates
financial assets
financial instruments
financial liabilities
first-time adoption
Meikles Group case study
overlay approach
recognition
acquisition method
agriculture
borrowing costs
business combinations
conceptual framework
contingent liabilities
current liabilities
current tax
deferred tax
definition
exceptions to
financial instruments
financial liabilities
first-time adoption
foreign exchange
goodwill
government grants
IFRS for SMEs
income
insurance contracts
intangible assets
interim financial reporting
inventories
investment property
leases
PPE
prospective recognition
recovery of losses
share-based payments
shareholders’ equity
specific costs
statement of changes in equity
statement of profit or loss and OCI
see also
initial recognition
;
revenue recognition
reconciliation (indirect) method
reconciliations
cash/cash equivalents
DaimlerChrysler case study
first-time adoption
Meikles Group case study
PPE
recourse, definition
recovery
impairment of assets
losses
recoverable amounts
recurring fair value measurements
refinancing
refunds
regular way purchase/sale
reimbursements
reinsurance
reinsurers
related parties
related party disclosures
applicability of standards
definitions of terms
disclosures
examples of disclosures
identification
nature of disclosures
need for
scope of standards
significant influence
substance over form
US GAAP comparisons
relevant activities
reload feature
reload option
remote contingent losses
removal rights
renewable licence rights
renewals of leases
repayments
replacement awards
replacement costs
reportable segments
reporting date/periods
consolidated statements
credit risk
first-time adoption
foreign currency
statement of profit or loss and OCI
reporting entities
reporting frequency
repurchase agreements
research, definition
research and development (R&D) assets
reserves
residual value
acquisitions
definitions
intangible assets
leases
PPE
restatements
current cost approach
error correction
guidance
historical cost approach
hyperinflation
interim periods
restructuring
acquisition method
business combinations
definition
financial liabilities
provisions
retail method
retained earnings
see also
statement of comprehensive income and retained earnings
retirement benefit plans
accounting
defined benefit plans
defined contribution plans
definitions of
definition of terms
disclosures
reporting
scope of standards
US GAAP comparisons
retirement of investment property
retroactive benefits
retrospective application
retrospective restatement
returnable deposits
returns
revaluation method
revaluation model
revaluations
adjustments
all assets in class
deferred tax
depreciation
development costs
fair value
initial revaluation
intangible assets
PPE
revaluation reserves
subsequent
temporary differences
revenue model
combined contracts
consideration payable to customer
contract identification
contract modifications
core principle/steps
customer acceptance
discounts
financing components
identifying the contract
input methods
measurement
non-cash consideration
output methods
performance obligations
stand-alone selling price
transaction prices
variable consideration
revenue recognition
additional goods/services
agent vs. principal
bill-and-hold
call options
consignments
contract cost
customers’ unexercised rights
definitions of terms
disclosures
donated capital
examples of disclosures
forward options
identification
intellectual property
licensing
modifications
non-refundable upfront fees
performance obligations
presentation
principal vs. agent
put options
repurchase agreements
revenue model
royalties
sale with right of return
scope of standards
service concessions
specific transactions
statement of financial position
unexercised rights of customers
US GAAP comparison
warranties
revenues
as basis for amortisation
definition
offsetting items
operating
segment
statement of profit or loss and OCI
temporary differences
reversals of impairments of assets
reverse acquisitions
reverse spin-offs
rights
consolidated statements
customers’ unexercised rights
reacquired
removal
renewable licence
to return purchases
right of setoff
see also
offsetting
risk
currency
equity price
financial
financial instrument disclosures
insurance
interest rate
liquidity
market
non-performance
other price
provisions
see also
credit risk
risk assumptions
risk management
risk premiums
roll-up or put-together transactions
royalties
sale-leaseback transactions
sales
biological assets
consignments
inter/intrasegment
of lease to third party
non-financial items
percentage method
regular way
revenue
with right of return
stand-alone selling prices
sales-based royalties
sales-type leases
Scholes
see
Black–Scholes–Merton model
seasonal revenues
Securities and Exchange Commission (SEC)
securitisation
segment accounting policies
segment assets
segment expenses
segment revenues
segments, operating
self-constructed assets
selling prices, stand-alone
sensitivity analysis
separate financial statements
accounting for
associates
definitions of
definitions of terms
disclosures
IASrequirements
investment entities
US GAAP comparisons
separate vehicles
service concessions
service conditions
service costs
services
customer options
definition
distinct
operating segments
revenue recognition
share capital
setoff
right of
see also
offsetting
settlement
contingent provisions
contracts
definition
derivatives
entity’s own equity instruments
net settlement
see also
cash-settled share-based payments
;
equity-settled share-based payments
shadow accounting
share agreements
share-based payments
awards
cash alternatives
cash-settled
definition
definitions of terms
disclosures
employee share options
equity-settled
examples of disclosures
fair value
among group entities
IFRS for SMEs
income taxes
measurement
modifications
multiperiod options
overview
recognition
scope of standards
share options
transactions
US GAAP comparison
vesting conditions
see also
cash-settled share-based payments
;
equity-settled share-based payments
share capital
disclosures
dividends
movements in accounts during year
par value per share
preference
presentation
repayment of capital
retained earnings
issued for services
shareholders’ equity
shares reserved for future issuance
statement of changes in equity
treasury shares
unpaid capital
shareholders’ equity
classification
compound financial instruments
convertible instruments
co-operative entities
definitions of terms
disclosures
dividends
examples of disclosures
fair value measurement
measurement
other equity
presentation
puttable shares
recognition
reserves
retained earnings
share capital
share issuance
statement of financial position
treasury shares
types of shares
US GAAP comparison
share issuance
accounting for
additional contributed capital
additional guidance
compound instruments
convertible instruments
co-operative entities
dividends
donated capital
retained earnings
share capital issued for services
shareholders’ equity
shares reserved for future issuance
share subscriptions
share unit issuance
treasury shares
share options
shares
contracts settled in
ordinary
preferred
treasury
see also
earnings per share
; share...
share subscriptions
share warrants
short-term employee benefits
short-term investments
short-term obligations
SIC
see
Standards Interpretations Committee
significant influence
significant judgements/assumptions
significant transactions
similar productive assets
simple capital structure, EPS
small and medium-sized entities (SMEs)
see also
IFRS for SMEs
SME Implementation Group (SMEIG)
SMEs
see
small and medium-sized entities
special-purpose entities (SPEs)
specific borrowings
specific costs
specific identification
specific transactions
SPEs
see
special-purpose entities
spin-offs
sponsors of SPEs
spot exchange rate
stand-alone selling prices
standard costs
standard-setting process
Standards Interpretations Committee (SIC)
current standards
SIC
SIC
SIC
SIC
stapling arrangements
statement of cash flows
background
benefits of
cash/cash equivalents
classification
consolidated
DaimlerChrysler case study
definitions of terms
disclosures
interim financial reporting
non-cash transactions
operating activities
presentation
requirements
scope of standards
US GAAP comparisons
worksheet approach examples
see also
cash flows
statement of changes in equity
components
concepts of income
definition of
definitions of terms
disclosures
future developments
interim financial reporting
measurement
presentation
recognition
scope of standards
share capital
US GAAP comparisons
see also
equity...
statement of compliance with IFRS
statement of comprehensive income
and changes in equity
and retained earnings
see also
comprehensive income
;
other comprehensive income
statement of financial position
agriculture
assets
consolidated statements
content
DaimlerChrysler case study
deferred tax
definitions of terms
elements in heading
error correction
fair valuation gains/losses
future developments
general concepts
government grants
hyperinflation
interim financial reporting
liabilities
liability method
Meikles Group case study
minimum line items
opening IFRS statement
presentation
revenue recognition
scope of standards
shareholders’ equity
statement of cash flows
structure
US GAAP comparisons
statement of profit or loss
statement of profit or loss and OCI
agriculture
concepts of income
definition of
definitions of terms
disclosures
future developments
income taxes
interim financial reporting
measurement
presentation
recognition
scope of standards
statement of cash flows
statement title
US GAAP comparisons
see also
other comprehensive income
step acquisitions
straight-line depreciation
straight line method
stripping costs
structured entities
structure of financial statements
structuring techniques
subleases
subsequent costs
subsequent expenditures
subsequent measurement
subsequent revaluations
subsidiaries
acquisitions
consolidated statements
definitions
disclosure of interests in
disposals
first-time adoption
income taxes
investment property
parent losing control of
parent relationships
related party disclosures
subsidies
sum-of-the-years’ digits (SYD)
swaps
SYD
see
sum-of-the-years’ digits
tangible assets
taxable profit or loss
taxable temporary differences
taxation
depreciation
interim financial reporting
inventories
share-based payments
see also
income taxes
tax base
tax benefit recoverability
tax credits
carrybacks/carryforwards
income taxes
interim financial reporting
tax expense/income
tax jurisdictions
tax law
tax losses
tax rates
tax status
technical feasibility of product
technology-based intangible assets
temporary differences
business acquisitions
consolidated statements
deferred tax
definitions
identification
terminal funding
termination benefits
termination of lease
third parties
contributing to pension plans
fair value measurement
sale/assignment of lease
time value of options
total cash flows
total comprehensive income
trade dates
trade discounts
trade receivables
traders
trading assets
transaction costs
definition
fair value
financial instruments
transaction dates
transaction prices
transactions involving derivatives
transfer pricing
transfers
assets
equity instrument restrictions
financial assets
investment property
ownership
transition
accounting policies
consolidated statements
employee benefits
financial instruments
hedge accounting
insurance contracts
investment entities
joint operations
joint ventures
revenue recognition
transition to IFRS
see
first-time adoption
translation
adjustments
cumulative differences
in detail
example
financial statements
first-time adoption
foreign currency
interim financial reporting
transport costs
treasury shares
treasury share/stock method
twelve-month expected credit loss
unbundling
uncertainties
unconsolidated structured entities
unearned finance income
unearned revenues
unexercised rights
unfavourable contracts
unguaranteed residual value
United Kingdom (UK)
United States (US)
see also
US GAAP...
units of account
units of production depreciation
unobservable inputs
unpaid share capital
unquoted equity instruments
unrealised gains
unrealised intercompany profit
unused tax losses
usage-based royalties
useful life
amortisation period
definitions
intangible assets
PPE
residual value
US GAAP
accounting policies
fair value measurement
IASB and Europe
IASB and financial reporting
IFRS for SMEs
introduction to IFRSs
leveraged leases
special leasing situations
transition to IFRS
see also
Generally Accepted Accounting Practice
US GAAP comparisons
accounting estimates
accounting policies
agriculture
associates
borrowing costs
business combinations
conceptual framework
consolidated statements
contingencies
discontinued operations
earnings per share
employee benefits
errors
extractive industries
fair value
foreign currency
government grants
hyperinflation
impairment of assets
income taxes
insurance contracts
intangible assets
interim financial reporting
inventories
investment property
joint arrangements
leases
operating segments
PPE
presentation of financial statements
provisions
related party disclosures
retirement benefit plans
revenue recognition
separate financial statements
share-based payments
shareholders’ equity
statement of cash flows
statement of changes in equity
statement of financial position
statement of profit or loss and OCI
see also
Generally Accepted Accounting Practice
valuation
accrued benefit
actuarial
allowances
employee share options
fair value
FIFO method
inventories
projected benefits
see also
revaluation
value in use
variable consideration
variable (direct) costing
variable interest entities (VIEs)
variances
vest, definition
vested benefits
vesting conditions
vesting periods
VIEs
see
variable interest entities
volume discounts
volume rebates
voting rights
WA
see
weighted averages
warranties
warrants
Waste Electrical and Electronic Equipment (WE&EE)
website development
weighted-averages (WA)
accounting policies
definition
earnings per share
inventories
work in progress
write-offs
written put options
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