- Cover
- Title Page
- Copyright
- About this book
- Preface
- Abbreviations
- Authoritative literature
- Volume 1
- Chapter 1: International GAAP
- 1 WHY INTERNATIONAL FINANCIAL REPORTING STANDARDS MATTER
- 2 THE IFRS FOUNDATION AND THE IASB
- 3 THE IASB'S TECHNICAL AGENDA AND CONVERGENCE WITH USGAAP
- 4 THE ADOPTION OF IFRS AROUND THE WORLD
- 5 CONSISTENCY IN APPLICATION OF IFRS
- 6 SUMMARY
- REFERENCES
- Chapter 2: The IASB's Conceptual Framework
- 1 INTRODUCTION
- 2 DEVELOPMENT OF THE IASB'S CONCEPTUAL FRAMEWORK AND EFFECTIVE DATE
- 3 CONTENTS, PURPOSE AND SCOPE OF THE IASB'S CONCEPTUAL FRAMEWORK
- 4 CHAPTER 1: THE OBJECTIVE OF GENERAL PURPOSE FINANCIAL REPORTING
- 5 CHAPTER 2: QUALITATIVE CHARACTERISTICS OF USEFUL FINANCIAL INFORMATION
- 6 CHAPTER 3: FINANCIAL STATEMENTS AND THE REPORTING ENTITY
- 7 CHAPTER 4: THE ELEMENTS OF FINANCIAL STATEMENTS
- 8 CHAPTER 5: RECOGNITION AND DERECOGNITION
- 9 CHAPTER 6: MEASUREMENT
- 10 CHAPTER 7: PRESENTATION AND DISCLOSURE
- 11 CHAPTER 8: CONCEPTS OF CAPITAL AND CAPITAL MAINTENANCE
- 12 MANAGEMENT COMMENTARY
- REFERENCES
- Chapter 3: Presentation of financial statements and accounting policies
- 1 INTRODUCTION
- 2 THE PURPOSE AND COMPOSITION OF FINANCIAL STATEMENTS
- 3 THE STRUCTURE OF FINANCIAL STATEMENTS
- 4 ACCOUNTING POLICIES
- 5 DISCLOSURE REQUIREMENTS
- 6 FUTURE DEVELOPMENTS
- REFERENCES
- Chapter 4: Non-current assets held for sale and discontinued operations
- 1 OBJECTIVE AND SCOPE OF IFRS 5
- 2 NON-CURRENT ASSETS (AND DISPOSAL GROUPS) HELD FOR SALE OR HELD FOR DISTRIBUTION TO OWNERS
- 3 DISCONTINUED OPERATIONS
- 4 COMPARATIVE INFORMATION
- 5 DISCLOSURE REQUIREMENTS
- 6 POSSIBLE FUTURE DEVELOPMENTS
- REFERENCES
- Chapter 5: First-time adoption
- 1 INTRODUCTION
- 2 WHO IS A FIRST-TIME ADOPTER?
- 3 OPENING IFRS STATEMENT OF FINANCIAL POSITION
- 4 EXCEPTIONS TO THE RETROSPECTIVE APPLICATION OF OTHER IFRSS
- 5 OPTIONAL EXEMPTIONS FROM THE REQUIREMENTS OF CERTAIN IFRSS
- 6 PRESENTATION AND DISCLOSURE
- 7 ACCOUNTING POLICIES AND PRACTICAL APPLICATION ISSUES
- 8 REGULATORY ISSUES
- REFERENCES
- Chapter 6: Consolidatedfinancial statements
- 1 INTRODUCTION
- 2 OBJECTIVE AND SCOPE OF IFRS 10
- 3 CONTROL
- 4 POWER OVER AN INVESTEE
- 5 EXPOSURE TO VARIABLE RETURNS
- 6 LINK BETWEEN POWER AND RETURNS: PRINCIPAL-AGENCY SITUATIONS
- 7 RELATED PARTIES AND DE FACTO AGENTS
- 8 CONTROL OF SPECIFIED ASSETS
- 9 CONTINUOUS ASSESSMENT
- 10 INVESTMENT ENTITIES
- 11 FUTURE DEVELOPMENTS
- REFERENCES
- Chapter 7: Consolidation procedures and non-controlling interests
- 1 INTRODUCTION
- 2 CONSOLIDATION PROCEDURES
- 3 CHANGES IN CONTROL
- 4 CHANGES IN OWNERSHIP INTEREST WITHOUT A LOSS OF CONTROL
- 5 NON-CONTROLLING INTERESTS
- 6 CALL AND PUT OPTIONS OVER NON-CONTROLLING INTERESTS
- 7 FUTURE DEVELOPMENTS
- REFERENCES
- Chapter 8: Separate and individual financial statements
- 1 SEPARATE AND INDIVIDUAL FINANCIAL STATEMENTS
- 2 REQUIREMENTS OF SEPARATE FINANCIAL STATEMENTS
- 3 DISCLOSURE
- 4 COMMON CONTROL OR GROUP TRANSACTIONS IN INDIVIDUAL OR SEPARATE FINANCIAL STATEMENTS
- REFERENCES
- Chapter 9: Business combinations
- 1 INTRODUCTION
- 2 SCOPE OF IFRS 3
- 3 IDENTIFYING A BUSINESS COMBINATION
- 4 ACQUISITION METHOD OF ACCOUNTING
- 5 RECOGNITION AND MEASUREMENT OF ASSETS ACQUIRED, LIABILITIES ASSUMED AND NON-CONTROLLING INTERESTS
- 6 RECOGNISING AND MEASURING GOODWILL OR A GAIN IN A BARGAIN PURCHASE
- 7 CONSIDERATION TRANSFERRED
- 8 RECOGNISING AND MEASURING NON-CONTROLLING INTERESTS
- 9 BUSINESS COMBINATIONS ACHIEVED IN STAGES (‘STEP ACQUISITIONS’)
- 10 BARGAIN PURCHASE TRANSACTIONS
- 11 ASSESSING WHAT IS PART OF THE EXCHANGE FOR THE ACQUIREE
- 12 MEASUREMENT PERIOD
- 13 SUBSEQUENT MEASUREMENT AND ACCOUNTING
- 14 REVERSE ACQUISITIONS
- 15 PUSH DOWN ACCOUNTING
- 16 DISCLOSURES
- REFERENCES
- Chapter 10: Business combinations under common control
- 1 INTRODUCTION
- 2 THE IFRS 3 SCOPE EXCLUSION
- 3 ACCOUNTING FOR BUSINESS COMBINATIONS INVOLVING ENTITIES OR BUSINESSES UNDER COMMON CONTROL
- 4 ACCOUNTING FOR TRANSACTIONS UNDER COMMON CONTROL (OR OWNERSHIP) INVOLVING A NEWCO
- 5 ACCOUNTING FOR TRANSFERS OF ASSOCIATES OR JOINT VENTURES UNDER COMMON CONTROL
- 6 FUTURE DEVELOPMENTS
- REFERENCES
- Chapter 11: Investments in associates and joint ventures
- 1 INTRODUCTION
- 2 OBJECTIVE AND SCOPE OF IAS 28
- 3 DEFINITIONS
- 4 SIGNIFICANT INFLUENCE
- 5 EXEMPTIONS FROM APPLYING THE EQUITY METHOD
- 6 CLASSIFICATION AS HELD FOR SALE (IFRS 5)
- 7 APPLICATION OF THE EQUITY METHOD
- 8 IMPAIRMENT LOSSES
- 9 SEPARATE FINANCIAL STATEMENTS
- 10 PRESENTATION AND DISCLOSURES
- 11 FUTURE DEVELOPMENTS
- REFERENCES
- Chapter 12: Joint arrangements
- 1 INTRODUCTION
- 2 OBJECTIVE AND SCOPE OF IFRS 11
- 3 JOINT ARRANGEMENT
- 4 JOINT CONTROL
- 5 CLASSIFICATION OF A JOINT ARRANGEMENT: JOINT OPERATIONS AND JOINT VENTURES
- 6 ACCOUNTING FOR JOINT OPERATIONS
- 7 ACCOUNTING FOR JOINT VENTURES
- 8 CONTINUOUS ASSESSMENT
- 9 DISCLOSURES
- 10 FUTURE DEVELOPMENTS
- REFERENCES
- Chapter 13: Disclosure of interestsin other entities
- 1 INTRODUCTION
- 2 OBJECTIVE AND SCOPE OF IFRS 12
- 3 DISCLOSURE OF SIGNIFICANT ESTIMATES AND JUDGEMENTS
- 4 DISCLOSURE OF INTERESTS IN SUBSIDIARIES
- 5 DISCLOSURE OF INTERESTS IN JOINT ARRANGEMENTS AND ASSOCIATES
- 6 DISCLOSURE OF INTERESTS IN UNCONSOLIDATED STRUCTURED ENTITIES
- 7 FUTURE DEVELOPMENTS
- REFERENCES
- Chapter 14: Fair value measurement
- 1 INTRODUCTION AND BACKGROUND
- 2 SCOPE
- 3 DEFINITIONS
- 4 THE FAIR VALUE FRAMEWORK
- 5 THE ASSET OR LIABILITY
- 6 THE PRINCIPAL (OR MOST ADVANTAGEOUS) MARKET
- 7 MARKET PARTICIPANTS
- 8 THE TRANSACTION
- 9 THE PRICE
- 10 APPLICATION TO NON-FINANCIAL ASSETS
- 11 APPLICATION TO LIABILITIES AND AN ENTITY'S OWN EQUITY
- 12 FINANCIAL ASSETS AND LIABILITIES WITH OFFSETTING POSITIONS
- 13 FAIR VALUE AT INITIAL RECOGNITION
- 14 VALUATION TECHNIQUES
- 15 INPUTS TO VALUATION TECHNIQUES
- 16 THE FAIR VALUE HIERARCHY
- 17 LEVEL 1 INPUTS
- 18 LEVEL 2 INPUTS
- 19 LEVEL 3 INPUTS
- 20 DISCLOSURES
- 21 APPLICATION GUIDANCE – PRESENT VALUE TECHNIQUES
- 22 CONVERGENCE WITH US GAAP
- REFERENCES
- Chapter 15: Foreign exchange
- 1 INTRODUCTION
- 2 IAS 21: OBJECTIVE, SCOPE AND DEFINITIONS
- 3 SUMMARY OF THE APPROACH REQUIRED BY IAS 21
- 4 DETERMINATION OF AN ENTITY'S FUNCTIONAL CURRENCY
- 5 REPORTING FOREIGN CURRENCY TRANSACTIONS IN THE FUNCTIONAL CURRENCY OF AN ENTITY
- 6 USE OF A PRESENTATION CURRENCY OTHER THAN THE FUNCTIONAL CURRENCY
- 7 CHANGE OF PRESENTATION CURRENCY
- 8 INTRODUCTION OF THE EURO
- 9 TAX EFFECTS OF ALL EXCHANGE DIFFERENCES
- 10 DISCLOSURE REQUIREMENTS
- 11 FUTURE DEVELOPMENTS
- REFERENCES
- Chapter 16: Hyperinflation
- 1 INTRODUCTION
- 2 THE REQUIREMENTS OF IAS 29
- 3 SELECTION OF A GENERAL PRICE INDEX
- 4 ANALYSIS AND RESTATEMENT OF THE STATEMENT OF FINANCIAL POSITION
- 5 RESTATEMENT OF THE STATEMENT OF CHANGES IN EQUITY
- 6 RESTATEMENT OF THE STATEMENT OF PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME
- 7 RESTATEMENT OF THE STATEMENT OF CASH FLOWS
- 8 RESTATEMENT OF COMPARATIVE FIGURES
- 9 INTERIM REPORTING
- 10 TRANSITION
- 11 TRANSLATION TO A DIFFERENT PRESENTATION CURRENCY
- 12 DISCLOSURES
- REFERENCES
- Chapter 17: Intangible assets
- 1 INTRODUCTION
- 2 OBJECTIVE AND SCOPE OF IAS 38
- 3 RECOGNITION AND MEASUREMENT
- 4 SEPARATE ACQUISITION
- 5 ACQUISITION AS PART OF A BUSINESS COMBINATION
- 6 INTERNALLY GENERATED INTANGIBLE ASSETS
- 7 RECOGNITION OF AN EXPENSE
- 8 MEASUREMENT AFTER INITIAL RECOGNITION
- 9 AMORTISATION OF INTANGIBLE ASSETS
- 10 DISCLOSURE
- 11 SPECIFIC ISSUES REGARDING INTANGIBLE ASSETS
- REFERENCES
- Chapter 18: Property, plant and equipment
- 1 INTRODUCTION
- 2 THE REQUIREMENTS OF IAS 16
- 3 RECOGNITION
- 4 MEASUREMENT AT RECOGNITION
- 5 MEASUREMENT AFTER RECOGNITION: COST MODEL
- 6 MEASUREMENT AFTER RECOGNITION: REVALUATION MODEL
- 7 DERECOGNITION AND DISPOSAL
- 8 IAS 16 DISCLOSURE REQUIREMENTS
- REFERENCES
- Chapter 19: Investment property
- 1 INTRODUCTION
- 2 DEFINITIONS AND SCOPE
- 3 RECOGNITION
- 4 INITIAL MEASUREMENT
- 5 MEASUREMENT AFTER INITIAL RECOGNITION
- 6 THE FAIR VALUE MODEL
- 7 THE COST MODEL
- 8 IFRS 5 AND INVESTMENT PROPERTY
- 9 TRANSFER OF ASSETS TO OR FROM INVESTMENT PROPERTY
- 10 DISPOSAL OF INVESTMENT PROPERTY
- 11 INTERIM REPORTING AND IAS 40
- 12 THE DISCLOSURE REQUIREMENTS OF IAS 40
- REFERENCES
- Chapter 20: Impairment of fixed assets and goodwill
- 1 INTRODUCTION
- 2 WHEN AN IMPAIRMENT TEST IS REQUIRED
- 3 DIVIDING THE ENTITY INTO CASH-GENERATING UNITS (CGUS)
- 4 IDENTIFYING THE CARRYING AMOUNT OF CGU ASSETS
- 5 RECOVERABLE AMOUNT
- 6 FAIR VALUE LESS COSTS OF DISPOSAL
- 7 DETERMINING VALUE IN USE (VIU)
- 8 IMPAIRMENT OF GOODWILL
- 9 NON-CONTROLLING INTERESTS – THE IMPACT ON GOODWILL IMPAIRMENT TESTING
- 10 IMPAIRMENT OF INTANGIBLE ASSETS WITH AN INDEFINITE USEFUL LIFE
- 11 RECOGNISING AND REVERSING IMPAIRMENT LOSSES
- 12 GROUP AND SEPARATE FINANCIAL STATEMENT ISSUES
- 13 DISCLOSURES REQUIRED BY IAS 36
- 14 DEVELOPMENTS
- REFERENCES
- Chapter 21: Capitalisation of borrowing costs
- 1 INTRODUCTION
- 2 THE REQUIREMENTS OF IAS 23
- 3 QUALIFYING ASSETS
- 4 DEFINITION OF BORROWING COSTS
- 5 BORROWING COSTS ELIGIBLE FOR CAPITALISATION
- 6 COMMENCEMENT, SUSPENSION AND CESSATION OF CAPITALISATION
- 7 DISCLOSURE REQUIREMENTS
- REFERENCES
- Chapter 22: Inventories
- 1 INTRODUCTION
- 2 OBJECTIVE, SCOPE AND DEFINITIONS
- 3 MEASUREMENT
- 4 REAL ESTATE INVENTORY
- 5 RECOGNITION IN PROFIT OR LOSS
- 6 DISCLOSURE REQUIREMENTS OF IAS 2
- REFERENCES
- Volume 2
- Chapter 23: Leases
- 1 INTRODUCTION
- 2 OBJECTIVE AND SCOPE OF IFRS 16
- 3 WHAT IS A LEASE?
- 4 KEY CONCEPTS
- 5 LESSEE ACCOUNTING
- 6 LESSOR ACCOUNTING
- 7 SUBLEASES
- 8 SALE AND LEASEBACK TRANSACTIONS
- 9 BUSINESS COMBINATIONS
- 10 EFFECTIVE DATE AND TRANSITION
- REFERENCES
- Chapter 24: Government grants
- 1 INTRODUCTION
- 2 SCOPE OF IAS 20
- 3 RECOGNITION AND MEASUREMENT
- 4 PRESENTATION OF GRANTS
- 5 GOVERNMENT GRANTS RELATED TO BIOLOGICAL ASSETS IN THE SCOPE OF IAS 41
- 6 DISCLOSURES
- REFERENCES
- Chapter 25: Service concession arrangements
- 1 INTRODUCTION
- 2 SCOPE OF IFRIC 12
- 3 THE CONTROL MODEL
- 4 ACCOUNTING BY THE CONCESSION OPERATOR: THE FINANCIAL ASSET AND INTANGIBLE ASSET MODELS
- 5 REVENUE AND EXPENDITURE DURING THE OPERATIONS PHASE OF THE CONCESSION AGREEMENT
- 6 FURTHER EXAMPLES ILLUSTRATING THE APPLICATION OF IFRIC 12 AND INTERACTIONS WITH IFRS 15 AND IFRS 9
- 7 DISCLOSURE REQUIREMENTS: SIC-29
- REFERENCES
- Chapter 26: Provisions, contingent liabilities and contingent assets
- 1 INTRODUCTION
- 2 OBJECTIVE AND SCOPE OF IAS 37
- 3 RECOGNITION
- 4 MEASUREMENT
- 5 CASES IN WHICH NO PROVISION SHOULD BE RECOGNISED
- 6 SPECIFIC EXAMPLES OF PROVISIONS AND CONTINGENCIES
- 7 DISCLOSURE REQUIREMENTS
- REFERENCES
- Chapter 27: Revenue: introduction and scope
- 1 INTRODUCTION
- 2 IFRS 15 – OBJECTIVE AND OVERVIEW
- 3 IFRS 15 – SCOPE
- 4 OTHER INCOME AND OTHER REVENUE
- REFERENCES
- Chapter 28: Revenue: identify the contract and performance obligations
- 1 INTRODUCTION
- 2 IDENTIFY THE CONTRACT WITH THE CUSTOMER
- 3 IDENTIFY THE PERFORMANCE OBLIGATIONS IN THE CONTRACT
- REFERENCES
- Chapter 29: Revenue: determine and allocate the transaction price
- 1 INTRODUCTION
- 2 DETERMINE THE TRANSACTION PRICE
- 3 ALLOCATE THE TRANSACTION PRICE TO THE PERFORMANCE OBLIGATIONS
- REFERENCES
- Chapter 30: Revenue: recognition
- 1 INTRODUCTION
- 2 PERFORMANCE OBLIGATIONS SATISFIED OVER TIME
- 3 MEASURING PROGRESS OVER TIME
- 4 CONTROL TRANSFERRED AT A POINT IN TIME
- 5 REPURCHASE AGREEMENTS
- 6 CONSIGNMENT ARRANGEMENTS
- 7 BILL-AND-HOLD ARRANGEMENTS
- 8 RECOGNISING REVENUE FOR LICENCES OF INTELLECTUAL PROPERTY
- 9 RECOGNISING REVENUE WHEN A RIGHT OF RETURN EXISTS
- 10 RECOGNISING REVENUE FOR CUSTOMER OPTIONS FOR ADDITIONAL GOODS OR SERVICES
- 11 BREAKAGE AND PREPAYMENTS FOR FUTURE GOODS OR SERVICES
- REFERENCES
- Chapter 31: Revenue: licences, warranties and contract costs
- 1 INTRODUCTION
- 2 LICENCES OF INTELLECTUAL PROPERTY
- 3 WARRANTIES
- 4 ONEROUS CONTRACTS
- 5 CONTRACT COSTS
- REFERENCES
- Chapter 32: Revenue: presentation and disclosure
- 1 INTRODUCTION
- 2 PRESENTATION
- 3 DISCLOSURES IN ANNUAL FINANCIAL STATEMENTS
- 4 DISCLOSURES IN INTERIM FINANCIAL STATEMENTS
- REFERENCES
- Chapter 33: Income taxes
- 1 INTRODUCTION
- 2 OBJECTIVE AND SCOPE OF IAS 12
- 3 DEFINITIONS
- 4 SCOPE
- 5 CURRENT TAX
- 6 DEFERRED TAX – TAX BASES AND TEMPORARY DIFFERENCES
- 7 DEFERRED TAX – RECOGNITION
- 8 DEFERRED TAX – MEASUREMENT
- 9 UNCERTAIN TAX TREATMENTS
- 10 ALLOCATION OF TAX CHARGE OR CREDIT
- 11 CONSOLIDATED TAX RETURNS AND OFFSET OF TAXABLE PROFITS AND LOSSES WITHIN GROUPS
- 12 BUSINESS COMBINATIONS
- 13 PRESENTATION
- 14 DISCLOSURE
- REFERENCES
- Chapter 34: Share-based payment
- 1 INTRODUCTION
- 2 THE OBJECTIVE AND SCOPE OF IFRS 2
- 3 GENERAL RECOGNITION PRINCIPLES
- 4 EQUITY-SETTLED TRANSACTIONS – OVERVIEW
- 5 EQUITY-SETTLED TRANSACTIONS – COST OF AWARDS
- 6 EQUITY-SETTLED TRANSACTIONS – ALLOCATION OF EXPENSE
- 7 EQUITY-SETTLED TRANSACTIONS – MODIFICATION, CANCELLATION AND SETTLEMENT
- 8 EQUITY-SETTLED TRANSACTIONS – VALUATION
- 9 CASH-SETTLED TRANSACTIONS
- 10 TRANSACTIONS WITH EQUITY AND CASH ALTERNATIVES
- 11 REPLACEMENT SHARE-BASED PAYMENT AWARDS ISSUED IN A BUSINESS COMBINATION
- 12 GROUP SHARE SCHEMES
- 13 DISCLOSURES
- 14 TAXES RELATED TO SHARE-BASED PAYMENT TRANSACTIONS
- 15 OTHER PRACTICAL ISSUES
- 16 FIRST-TIME ADOPTION AND TRANSITIONAL PROVISIONS
- REFERENCES
- Chapter 35: Employee benefits
- 1 INTRODUCTION
- 2 OBJECTIVE AND SCOPE OF IAS 19
- 3 PENSIONS AND OTHER POST-EMPLOYMENT BENEFITS – DEFINED CONTRIBUTION AND DEFINED BENEFIT PLANS
- 4 DEFINED CONTRIBUTION PLANS
- 5 DEFINED BENEFIT PLANS – GENERAL
- 6 DEFINED BENEFIT PLANS – PLAN ASSETS
- 7 DEFINED BENEFIT PLANS – PLAN LIABILITIES
- 8 DEFINED BENEFIT PLANS – TREATMENT OF THE PLAN SURPLUS OR DEFICIT IN THE STATEMENT OF FINANCIAL POSITION
- 9 DEFINED BENEFIT PLANS – PRESENTATION OF THE NET DEFINED BENEFIT LIABILITY (ASSET)
- 10 DEFINED BENEFIT PLANS – TREATMENT IN PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
- 11 DEFINED BENEFIT PLANS – COSTS OF ADMINISTERING EMPLOYEE BENEFIT PLANS
- 12 SHORT-TERM EMPLOYEE BENEFITS
- 13 LONG-TERM EMPLOYEE BENEFITS OTHER THAN POST-EMPLOYMENT BENEFITS
- 14 TERMINATION BENEFITS
- 15 DISCLOSURE REQUIREMENTS
- 16 POSSIBLE FUTURE DEVELOPMENTS
- REFERENCES
- Chapter 36: Operating segments
- 1 INTRODUCTION
- 2 OBJECTIVE AND SCOPE OF IFRS 8
- 3 IDENTIFYING A SINGLE SET OF OPERATING SEGMENTS
- 4 MEASUREMENT
- 5 INFORMATION TO BE DISCLOSED ABOUT REPORTABLE SEGMENTS
- 6 ENTITY-WIDE DISCLOSURES FOR ALL ENTITIES
- REFERENCES
- Chapter 37: Earnings per share
- 1 INTRODUCTION
- 2 OBJECTIVE AND SCOPE OF IAS 33
- 3 THE BASIC EPS
- 4 CHANGES IN OUTSTANDING ORDINARY SHARES
- 5 MATTERS AFFECTING THE NUMERATOR
- 6 DILUTED EARNINGS PER SHARE
- 7 PRESENTATION, RESTATEMENT AND DISCLOSURE
- 8 APPENDIX
- REFERENCES
- Chapter 38: Events after the reporting period
- 1 INTRODUCTION
- 2 REQUIREMENTS OF IAS 10
- 3 PRACTICAL ISSUES
- REFERENCES
- Chapter 39: Related party disclosures
- 1 INTRODUCTION
- 2 REQUIREMENTS OF IAS 24
- REFERENCES
- Chapter 40: Statement of cash flows
- 1 INTRODUCTION
- 2 OBJECTIVE AND SCOPE OF IAS 7
- 3 CASH AND CASH EQUIVALENTS
- 4 CLASSIFICATION IN THE STATEMENT OF CASH FLOWS
- 5. OTHER CASH FLOW PRESENTATION ISSUES
- 6 ADDITIONAL IAS 7 CONSIDERATIONS FOR GROUPS
- 7 ADDITIONAL IAS 7 CONSIDERATIONS FOR FINANCIAL INSTITUTIONS
- 8 REQUIREMENTS OF OTHER STANDARDS
- REFERENCES
- Chapter 41: Interim financial reporting
- 1 INTRODUCTION
- 2 OBJECTIVE AND SCOPE OF IAS 34
- 3 COMPONENTS, FORM AND CONTENT OF AN INTERIM FINANCIAL REPORT UNDER IAS 34
- 4 DISCLOSURES IN CONDENSED FINANCIAL STATEMENTS
- 5 PERIODS FOR WHICH INTERIM FINANCIAL STATEMENTS ARE REQUIRED TO BE PRESENTED
- 6 MATERIALITY
- 7 DISCLOSURE IN ANNUAL FINANCIAL STATEMENTS
- 8 RECOGNITION AND MEASUREMENT
- 9 EXAMPLES OF THE RECOGNITION AND MEASUREMENT PRINCIPLES
- 10 USE OF ESTIMATES
- 11 EFFECTIVE DATES AND TRANSITIONAL RULES
- REFERENCES
- Chapter 42: Agriculture
- 1 INTRODUCTION
- 2 OBJECTIVE, DEFINITIONS AND SCOPE
- 3 RECOGNITION AND MEASUREMENT PRINCIPLES
- 4 MEASURING FAIR VALUE LESS COSTS TO SELL
- 5 DISCLOSURE
- REFERENCES
- Chapter 43: Extractive industries
- 1 INTRODUCTION AND BACKGROUND
- 2 MINERAL RESERVES AND RESOURCES
- 3 IFRS 6 – EXPLORATION FOR AND EVALUATION OF MINERAL RESOURCES
- 4 UNIT OF ACCOUNT
- 5 LEGAL RIGHTS TO EXPLORE FOR, DEVELOP AND PRODUCE MINERAL PROPERTIES
- 6 RISK-SHARING ARRANGEMENTS
- 7 INVESTMENTS IN THE EXTRACTIVE INDUSTRIES
- 8 ACQUISITIONS
- 9 FUNCTIONAL CURRENCY
- 10 DECOMMISSIONING AND RESTORATION/REHABILITATION
- 11 IMPAIRMENT OF ASSETS
- 12 REVENUE RECOGNITION
- 13 FINANCIAL INSTRUMENTS
- 14 INVENTORIES
- 15 PROPERTY, PLANT AND EQUIPMENT
- 16 DEPRECIATION, DEPLETION AND AMORTISATION (DD&A)
- 17 IFRS 16 – LEASES
- 18 INTERACTION OF IFRS 16 AND IFRS 11
- 19 LONG-TERM CONTRACTS AND LEASES
- 20 TOLLING ARRANGEMENTS
- 21 TAXATION
- 22 EVENTS AFTER THE REPORTING PERIOD
- 23 GLOSSARY
- REFERENCES
- Volume 3
- Chapter 44: Financial instruments: Introduction
- 1 STANDARDS APPLYING TO FINANCIAL INSTRUMENTS
- 2 IAS 32
- 3 IAS 39
- 4 IFRS 7
- 5 IFRS 9
- 6 STRUCTURE AND OBJECTIVES OF THE STANDARDS
- REFERENCES
- Chapter 45: Financial instruments: Definitions and scope
- 1 INTRODUCTION
- 2 WHAT IS A FINANCIAL INSTRUMENT?
- 3 SCOPE
- 4 CONTRACTS TO BUY OR SELL COMMODITIES AND OTHER NON-FINANCIAL ITEMS
- REFERENCES
- Chapter 46: Financial instruments: Derivatives and embedded derivatives
- 1 INTRODUCTION
- 2 DEFINITION OF A DERIVATIVE
- 3 EXAMPLES OF DERIVATIVES
- 4 EMBEDDED DERIVATIVES
- 5 EMBEDDED DERIVATIVES: THE MEANING OF ‘CLOSELY RELATED’
- 6 IDENTIFYING THE TERMS OF EMBEDDED DERIVATIVES AND HOST CONTRACTS
- 7 REASSESSMENT OF EMBEDDED DERIVATIVES
- 8 LINKED AND SEPARATE TRANSACTIONS AND ‘SYNTHETIC’ INSTRUMENTS
- REFERENCES
- Chapter 47: Financial instruments: Financial liabilities and equity
- 1 INTRODUCTION
- 2 OBJECTIVE AND SCOPE
- 3 DEFINITIONS
- 4 CLASSIFICATION OF INSTRUMENTS
- 5 CONTRACTS SETTLED BY DELIVERY OF THE ENTITY'S OWN EQUITY INSTRUMENTS
- 6 COMPOUND FINANCIAL INSTRUMENTS
- 7 SETTLEMENT OF FINANCIAL LIABILITY WITH EQUITY INSTRUMENT
- 8 INTEREST, DIVIDENDS, GAINS AND LOSSES
- 9 TREASURY SHARES
- 10 ‘HEDGING’ OF INSTRUMENTS CLASSIFIED AS EQUITY
- 11 DERIVATIVES OVER OWN EQUITY INSTRUMENTS
- 12 POSSIBLE FUTURE DEVELOPMENTS
- REFERENCES
- Chapter 48: Financial instruments: Classification
- 1 INTRODUCTION
- 2 CLASSIFYING FINANCIAL ASSETS: AN OVERVIEW
- 3 CLASSIFYING FINANCIAL LIABILITIES
- 4 FINANCIAL ASSETS AND FINANCIAL LIABILITIES HELD FOR TRADING
- 5 FINANCIAL ASSETS: THE ‘BUSINESS MODEL’ ASSESSMENT
- 6 CHARACTERISTICS OF THE CONTRACTUAL CASH FLOWS OF THE INSTRUMENT
- 7 DESIGNATION AT FAIR VALUE THROUGH PROFIT OR LOSS
- 8 DESIGNATION OF NON-DERIVATIVE EQUITY INVESTMENTS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME
- 9 RECLASSIFICATION OF FINANCIAL ASSETS
- 10 CONTRACTS WITH INSURANCE RISK – INTERACTION BETWEEN IFRS 17 AND IFRS 9
- REFERENCES
- Chapter 49: Financial instruments: Recognition and initial measurement
- 1 INTRODUCTION
- 2 RECOGNITION
- 3 INITIAL MEASUREMENT
- REFERENCES
- Chapter 50: Financial instruments: Subsequent measurement
- 1 INTRODUCTION
- 2 SUBSEQUENT MEASUREMENT AND RECOGNITION OF GAINS AND LOSSES
- 3 AMORTISED COST AND THE EFFECTIVE INTEREST METHOD
- 4 FOREIGN CURRENCIES
- REFERENCES
- Chapter 51: Financial instruments: Impairment
- 1 INTRODUCTION
- 2 SCOPE
- 3 APPROACHES
- 4 IMPAIRMENT FOR CORPORATES
- 5 MEASUREMENT OF EXPECTED CREDIT LOSSES
- 6 GENERAL APPROACH: DETERMINING SIGNIFICANT INCREASES IN CREDIT RISK
- 7 OTHER MATTERS AND ISSUES IN RELATION TO THE EXPECTED CREDIT LOSS CALCULATIONS
- 8 MODIFIED FINANCIAL ASSETS
- 9 FINANCIAL ASSETS MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME
- 10 TRADE RECEIVABLES, CONTRACT ASSETS AND LEASE RECEIVABLES
- 11 LOAN COMMITMENTS AND FINANCIAL GUARANTEE CONTRACTS
- 12 REVOLVING CREDIT FACILITIES
- 13 INTERCOMPANY LOANS
- 14 PRESENTATION OF EXPECTED CREDIT LOSSES IN THE STATEMENT OF FINANCIAL POSITION
- 15 DISCLOSURES
- REFERENCES
- Chapter 52: Financial instruments: Derecognition
- 1 INTRODUCTION
- 2 DEVELOPMENT OF IFRS
- 3 DERECOGNITION – FINANCIAL ASSETS
- 4 PRACTICAL APPLICATION OF THE DERECOGNITION CRITERIA
- 5 ACCOUNTING TREATMENT
- 6 DERECOGNITION – FINANCIAL LIABILITIES
- 7 CUSIP ‘NETTING’
- 8 FUTURE DEVELOPMENTS
- REFERENCES
- Chapter 53: Financial instruments: Hedge accounting
- 1 INTRODUCTION
- 2 HEDGED ITEMS
- 3 HEDGING INSTRUMENTS
- 4 INTERNAL HEDGES AND OTHER GROUP ACCOUNTING ISSUES
- 5 TYPES OF HEDGING RELATIONSHIPS
- 6 QUALIFYING CRITERIA
- 7 ACCOUNTING FOR EFFECTIVE HEDGES
- 8 SUBSEQUENT ASSESSMENT OF EFFECTIVENESS, REBALANCING AND DISCONTINUATION
- 9 INTEREST RATE BENCHMARK REFORM
- 10 PRESENTATION
- 11 MACRO HEDGING
- 12 ALTERNATIVES TO HEDGE ACCOUNTING
- 13 EFFECTIVE DATE AND TRANSITION
- 14 MAIN DIFFERENCES BETWEEN IFRS 9 AND IAS 39 HEDGE ACCOUNTING REQUIREMENTS
- REFERENCES
- Chapter 54: Financial instruments: Presentation and disclosure
- 1 INTRODUCTION
- 2 SCOPE OF IFRS 7
- 3 STRUCTURING THE DISCLOSURES
- 4 SIGNIFICANCE OF FINANCIAL INSTRUMENTS FOR AN ENTITY's FINANCIAL POSITION AND PERFORMANCE
- 5 NATURE AND EXTENT OF RISKS ARISING FROM FINANCIAL INSTRUMENTS
- 6 TRANSFERS OF FINANCIAL ASSETS
- 7 PRESENTATION ON THE FACE OF THE FINANCIAL STATEMENTS AND RELATED DISCLOSURES
- 8 EFFECTIVE DATES AND TRANSITIONAL PROVISIONS
- 9 FUTURE DEVELOPMENTS
- REFERENCES
- Chapter 55: Insurance contracts (IFRS 4)
- 1 INTRODUCTION
- 2 THE OBJECTIVES AND SCOPE OF IFRS 4
- 3 THE DEFINITION OF AN INSURANCE CONTRACT
- 4 EMBEDDED DERIVATIVES
- 5 UNBUNDLING OF DEPOSIT COMPONENTS
- 6 DISCRETIONARY PARTICIPATION FEATURES
- 7 SELECTION OF ACCOUNTING POLICIES
- 8 CHANGES IN ACCOUNTING POLICIES
- 9 INSURANCE CONTRACTS ACQUIRED IN BUSINESS COMBINATIONS AND PORTFOLIO TRANSFERS
- 10 APPLYING IFRS 9 WITH IFRS 4
- 11 DISCLOSURE
- 12. FUTURE DEVELOPMENTS
- Chapter 56: Insurance contracts (IFRS 17)
- 1 INTRODUCTION
- 2 THE OBJECTIVE, DEFINITIONS AND SCOPE OF IFRS 17
- 3 THE DEFINITION OF AN INSURANCE CONTRACT
- 4 SEPARATING COMPONENTS FROM AN INSURANCE CONTRACT
- 5 LEVEL OF AGGREGATION
- 6 INITIAL RECOGNITION
- 7 MEASUREMENT – OVERVIEW
- 8 MEASUREMENT – GENERAL MODEL
- 9 MEASUREMENT – PREMIUM ALLOCATION APPROACH
- 10 MEASUREMENT – REINSURANCE CONTRACTS HELD
- 11 MEASUREMENT – CONTRACTS WITH PARTICIPATION FEATURES
- 12 MODIFICATION AND DERECOGNITION
- 13 ACQUISITIONS OF INSURANCE CONTRACTS
- 14 PRESENTATION IN THE STATEMENT OF FINANCIAL POSITION
- 15 PRESENTATION IN THE STATEMENT OF FINANCIAL PERFORMANCE
- 16 DISCLOSURE
- 17 EFFECTIVE DATE AND TRANSITION
- 18 FUTURE DEVELOPMENTS
- REFERENCES
- Index of extracts from financial statements
- Index of standards
- Index
- End User License Agreement
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