International GAAP 2020

Chapter 16Hyperinflation

• 1 INTRODUCTION
  • 1.1 Background
  • 1.2 Hyperinflationary economies
  • 1.3 Restatement approach
• 2 THE REQUIREMENTS OF IAS 29
  • 2.1 The context of IAS 29
  • 2.2 Scope
  • 2.3 Definition of hyperinflation
  • 2.4 The IAS 29 restatement process
• 3 SELECTION OF A GENERAL PRICE INDEX
  • 3.1 Selecting a general price index
  • 3.2 General price index not available for all periods
• 4 ANALYSIS AND RESTATEMENT OF THE STATEMENT OF FINANCIAL POSITION
  • 4.1 Monetary and non-monetary items
    • 4.1.1 Monetary or non-monetary distinction
    • 4.1.2 Monetary items
    • 4.1.3 Non-monetary items carried at current cost
    • 4.1.4 Non-monetary items carried at historical cost
  • 4.2 Inventories
  • 4.3 Restatement of associates, joint ventures and subsidiaries
  • 4.4 Calculation of deferred taxation
• 5 RESTATEMENT OF THE STATEMENT OF CHANGES IN EQUITY
• 6 RESTATEMENT OF THE STATEMENT OF PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME
  • 6.1 Restatement of interest and exchange differences
  • 6.2 Calculation of the gain or loss on the net monetary position
  • 6.3 Measurement of reclassification adjustments within equity
• 7 RESTATEMENT OF THE STATEMENT OF CASH FLOWS
• 8 RESTATEMENT OF COMPARATIVE FIGURES
• 9 INTERIM REPORTING
• 10 TRANSITION
  • 10.1 Economies becoming hyperinflationary
  • 10.2 Economies ceasing to be hyperinflationary
  • 10.3 Economies exiting severe hyperinflation
• 11 TRANSLATION TO A DIFFERENT PRESENTATION CURRENCY
• 12 DISCLOSURES
• 13 FUTURE DEVELOPMENTS

List of examples

• Example 16.1: Accounting for hyperinflation under IAS 29 ...