book

International GAAP 2021

Name: International GAAP 2021
Author: Ernst & Young LLP
ISBN: 9781119772439

by Ernst & Young LLP

March 2021

Intermediate to advanced

5760 pages

205h 55m

English

Wiley

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Cover
Title Page
Copyright
About this book
Preface
NOTES
Abbreviations
Authoritative literature
Volume 1
Chapter 1: International GAAP
1 WHY INTERNATIONAL FINANCIAL REPORTING STANDARDS MATTER2 THE IFRS FOUNDATION AND THE IASB3 THE IASB'S TECHNICAL AGENDA AND CONVERGENCE WITH USGAAP4 THE ADOPTION OF IFRS AROUND THE WORLD5 CONSISTENCY IN APPLICATION OF IFRS6 SUMMARYREFERENCES
Chapter 2: The IASB's Conceptual Framework
1 INTRODUCTION2 DEVELOPMENT OF THE IASB'S CONCEPTUAL FRAMEWORK AND EFFECTIVE DATE3 CONTENTS, PURPOSE AND SCOPE OF THE IASB'S CONCEPTUAL FRAMEWORK4 CHAPTER 1: THE OBJECTIVE OF GENERAL PURPOSE FINANCIAL REPORTING5 CHAPTER 2: QUALITATIVE CHARACTERISTICS OF USEFUL FINANCIAL INFORMATION6 CHAPTER 3: FINANCIAL STATEMENTS AND THE REPORTING ENTITY7 CHAPTER 4: THE ELEMENTS OF FINANCIAL STATEMENTS8 CHAPTER 5: RECOGNITION AND DERECOGNITION9 CHAPTER 6: MEASUREMENT10 CHAPTER 7: PRESENTATION AND DISCLOSURE11 CHAPTER 8: CONCEPTS OF CAPITAL AND CAPITAL MAINTENANCE12 MANAGEMENT COMMENTARYREFERENCES

Chapter 3: Presentation of financial statements and accounting policies
1 INTRODUCTION2 THE PURPOSE AND COMPOSITION OF FINANCIAL STATEMENTS3 THE STRUCTURE OF FINANCIAL STATEMENTS4 ACCOUNTING POLICIES5 DISCLOSURE REQUIREMENTS6 FUTURE DEVELOPMENTSREFERENCES
Chapter 4: Non-current assets held for sale and discontinued operations
1 OBJECTIVE AND SCOPE OF IFRS 52 NON-CURRENT ASSETS (AND DISPOSAL GROUPS) HELD FOR SALE OR HELD FOR DISTRIBUTION TO OWNERS3 DISCONTINUED OPERATIONS4 COMPARATIVE INFORMATION5 DISCLOSURE REQUIREMENTS6 POSSIBLE FUTURE DEVELOPMENTSREFERENCES
Chapter 5: First-time adoption
1 INTRODUCTION2 WHO IS A FIRST-TIME ADOPTER?3 OPENING IFRS STATEMENT OF FINANCIAL POSITION4 EXCEPTIONS TO THE RETROSPECTIVE APPLICATION OF OTHER IFRSS5 OPTIONAL EXEMPTIONS FROM THE REQUIREMENTS OF CERTAIN IFRSS6 PRESENTATION AND DISCLOSURE7 ACCOUNTING POLICIES AND PRACTICAL APPLICATION ISSUES8 REGULATORY ISSUESREFERENCES
Chapter 6: Consolidatedfinancial statements
1 INTRODUCTION2 OBJECTIVE AND SCOPE OF IFRS 103 CONTROL4 POWER OVER AN INVESTEE5 EXPOSURE TO VARIABLE RETURNS6 LINK BETWEEN POWER AND RETURNS: PRINCIPAL-AGENCY SITUATIONS7 RELATED PARTIES AND DE FACTO AGENTS8 CONTROL OF SPECIFIED ASSETS9 CONTINUOUS ASSESSMENT10 INVESTMENT ENTITIES11 FUTURE DEVELOPMENTSREFERENCES
Chapter 7: Consolidation procedures and non-controlling interests
1 INTRODUCTION2 CONSOLIDATION PROCEDURES3 CHANGES IN CONTROL4 CHANGES IN OWNERSHIP INTEREST WITHOUT A LOSS OF CONTROL5 NON-CONTROLLING INTERESTS6 CALL AND PUT OPTIONS OVER NON-CONTROLLING INTERESTS7 FUTURE DEVELOPMENTSREFERENCES
Chapter 8: Separate and individual financial statements
1 SEPARATE AND INDIVIDUAL FINANCIAL STATEMENTS2 REQUIREMENTS OF SEPARATE FINANCIAL STATEMENTS3 DISCLOSURE4 COMMON CONTROL OR GROUP TRANSACTIONS IN INDIVIDUAL OR SEPARATE FINANCIAL STATEMENTSREFERENCES
Chapter 9: Business combinations
1 INTRODUCTION2 SCOPE OF IFRS 33 IDENTIFYING A BUSINESS COMBINATION4 ACQUISITION METHOD OF ACCOUNTING5 RECOGNITION AND MEASUREMENT OF ASSETS ACQUIRED, LIABILITIES ASSUMED AND NON-CONTROLLING INTERESTS6 RECOGNISING AND MEASURING GOODWILL OR A GAIN IN A BARGAIN PURCHASE7 CONSIDERATION TRANSFERRED8 RECOGNISING AND MEASURING NON-CONTROLLING INTERESTS9 BUSINESS COMBINATIONS ACHIEVED IN STAGES (‘STEP ACQUISITIONS’)10 BARGAIN PURCHASE TRANSACTIONS11 ASSESSING WHAT IS PART OF THE EXCHANGE FOR THE ACQUIREE12 MEASUREMENT PERIOD13 SUBSEQUENT MEASUREMENT AND ACCOUNTING14 REVERSE ACQUISITIONS15 PUSH DOWN ACCOUNTING16 DISCLOSURESREFERENCES
Chapter 10: Business combinations under common control
1 INTRODUCTION2 THE IFRS 3 SCOPE EXCLUSION3 ACCOUNTING FOR BUSINESS COMBINATIONS INVOLVING ENTITIES OR BUSINESSES UNDER COMMON CONTROL4 ACCOUNTING FOR TRANSACTIONS UNDER COMMON CONTROL (OR OWNERSHIP) INVOLVING A NEWCO5 ACCOUNTING FOR TRANSFERS OF ASSOCIATES OR JOINT VENTURES UNDER COMMON CONTROL6 FUTURE DEVELOPMENTSREFERENCES
Chapter 11: Investments in associates and joint ventures
1 INTRODUCTION2 OBJECTIVE AND SCOPE OF IAS 283 DEFINITIONS4 SIGNIFICANT INFLUENCE5 EXEMPTIONS FROM APPLYING THE EQUITY METHOD6 CLASSIFICATION AS HELD FOR SALE (IFRS 5)7 APPLICATION OF THE EQUITY METHOD8 IMPAIRMENT LOSSES9 SEPARATE FINANCIAL STATEMENTS10 PRESENTATION AND DISCLOSURES11 FUTURE DEVELOPMENTSREFERENCES
Chapter 12: Joint arrangements
1 INTRODUCTION2 OBJECTIVE AND SCOPE OF IFRS 113 JOINT ARRANGEMENT4 JOINT CONTROL5 CLASSIFICATION OF A JOINT ARRANGEMENT: JOINT OPERATIONS AND JOINT VENTURES6 ACCOUNTING FOR JOINT OPERATIONS7 ACCOUNTING FOR JOINT VENTURES8 CONTINUOUS ASSESSMENT9 DISCLOSURES10 FUTURE DEVELOPMENTSREFERENCES
Chapter 13: Disclosure of interestsin other entities
1 INTRODUCTION2 OBJECTIVE AND SCOPE OF IFRS 123 DISCLOSURE OF SIGNIFICANT ESTIMATES AND JUDGEMENTS4 DISCLOSURE OF INTERESTS IN SUBSIDIARIES5 DISCLOSURE OF INTERESTS IN JOINT ARRANGEMENTS AND ASSOCIATES6 DISCLOSURE OF INTERESTS IN UNCONSOLIDATED STRUCTURED ENTITIES7 FUTURE DEVELOPMENTSREFERENCES
Chapter 14: Fair value measurement
1 INTRODUCTION AND BACKGROUND2 SCOPE3 DEFINITIONS4 THE FAIR VALUE FRAMEWORK5 THE ASSET OR LIABILITY6 THE PRINCIPAL (OR MOST ADVANTAGEOUS) MARKET7 MARKET PARTICIPANTS8 THE TRANSACTION9 THE PRICE10 APPLICATION TO NON-FINANCIAL ASSETS11 APPLICATION TO LIABILITIES AND AN ENTITY'S OWN EQUITY12 FINANCIAL ASSETS AND LIABILITIES WITH OFFSETTING POSITIONS13 FAIR VALUE AT INITIAL RECOGNITION14 VALUATION TECHNIQUES15 INPUTS TO VALUATION TECHNIQUES16 THE FAIR VALUE HIERARCHY17 LEVEL 1 INPUTS18 LEVEL 2 INPUTS19 LEVEL 3 INPUTS20 DISCLOSURES21 APPLICATION GUIDANCE – PRESENT VALUE TECHNIQUES22 CONVERGENCE WITH US GAAPREFERENCES
Chapter 15: Foreign exchange
1 INTRODUCTION2 IAS 21: OBJECTIVE, SCOPE AND DEFINITIONS3 SUMMARY OF THE APPROACH REQUIRED BY IAS 214 DETERMINATION OF AN ENTITY'S FUNCTIONAL CURRENCY5 REPORTING FOREIGN CURRENCY TRANSACTIONS IN THE FUNCTIONAL CURRENCY OF AN ENTITY6 USE OF A PRESENTATION CURRENCY OTHER THAN THE FUNCTIONAL CURRENCY7 CHANGE OF PRESENTATION CURRENCY8 INTRODUCTION OF THE EURO9 TAX EFFECTS OF ALL EXCHANGE DIFFERENCES10 DISCLOSURE REQUIREMENTS11 FUTURE DEVELOPMENTSREFERENCES
Chapter 16: Hyperinflation
1 INTRODUCTION2 THE REQUIREMENTS OF IAS 293 SELECTION OF A GENERAL PRICE INDEX4 ANALYSIS AND RESTATEMENT OF THE STATEMENT OF FINANCIAL POSITION5 RESTATEMENT OF THE STATEMENT OF CHANGES IN EQUITY6 RESTATEMENT OF THE STATEMENT OF PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME7 RESTATEMENT OF THE STATEMENT OF CASH FLOWS8 RESTATEMENT OF COMPARATIVE FIGURES9 INTERIM REPORTING10 TRANSITION11 TRANSLATION TO A DIFFERENT PRESENTATION CURRENCY12 DISCLOSURESREFERENCES
Chapter 17: Intangible assets
1 INTRODUCTION2 OBJECTIVE AND SCOPE OF IAS 383 RECOGNITION AND MEASUREMENT4 SEPARATE ACQUISITION5 ACQUISITION AS PART OF A BUSINESS COMBINATION6 INTERNALLY GENERATED INTANGIBLE ASSETS7 RECOGNITION OF AN EXPENSE8 MEASUREMENT AFTER INITIAL RECOGNITION9 AMORTISATION OF INTANGIBLE ASSETS10 DISCLOSURE11 SPECIFIC ISSUES REGARDING INTANGIBLE ASSETSREFERENCES
Chapter 18: Property, plant and equipment
1 INTRODUCTION2 THE REQUIREMENTS OF IAS 163 RECOGNITION4 MEASUREMENT AT RECOGNITION5 MEASUREMENT AFTER RECOGNITION: COST MODEL6 MEASUREMENT AFTER RECOGNITION: REVALUATION MODEL7 DERECOGNITION AND DISPOSAL8 IAS 16 DISCLOSURE REQUIREMENTSREFERENCES
Chapter 19: Investment property
1 INTRODUCTION2 DEFINITIONS AND SCOPE3 RECOGNITION4 INITIAL MEASUREMENT5 MEASUREMENT AFTER INITIAL RECOGNITION6 THE FAIR VALUE MODEL7 THE COST MODEL8 IFRS 5 AND INVESTMENT PROPERTY9 TRANSFER OF ASSETS TO OR FROM INVESTMENT PROPERTY10 DISPOSAL OF INVESTMENT PROPERTY11 INTERIM REPORTING AND IAS 4012 THE DISCLOSURE REQUIREMENTS OF IAS 40REFERENCES
Chapter 20: Impairment of fixed assets and goodwill
1 INTRODUCTION2 WHEN AN IMPAIRMENT TEST IS REQUIRED3 DIVIDING THE ENTITY INTO CASH-GENERATING UNITS (CGUS)4 IDENTIFYING THE CARRYING AMOUNT OF CGU ASSETS5 RECOVERABLE AMOUNT6 FAIR VALUE LESS COSTS OF DISPOSAL7 DETERMINING VALUE IN USE (VIU)8 IMPAIRMENT OF GOODWILL9 NON-CONTROLLING INTERESTS – THE IMPACT ON GOODWILL IMPAIRMENT TESTING10 IMPAIRMENT OF INTANGIBLE ASSETS WITH AN INDEFINITE USEFUL LIFE11 RECOGNISING AND REVERSING IMPAIRMENT LOSSES12 GROUP AND SEPARATE FINANCIAL STATEMENT ISSUES13 DISCLOSURES REQUIRED BY IAS 3614 DEVELOPMENTSREFERENCES
Chapter 21: Capitalisation of borrowing costs
1 INTRODUCTION2 THE REQUIREMENTS OF IAS 233 QUALIFYING ASSETS4 DEFINITION OF BORROWING COSTS5 BORROWING COSTS ELIGIBLE FOR CAPITALISATION6 COMMENCEMENT, SUSPENSION AND CESSATION OF CAPITALISATION7 DISCLOSURE REQUIREMENTSREFERENCES
Chapter 22: Inventories
1 INTRODUCTION2 OBJECTIVE, SCOPE AND DEFINITIONS3 MEASUREMENT4 REAL ESTATE INVENTORY5 RECOGNITION IN PROFIT OR LOSS6 DISCLOSURE REQUIREMENTS OF IAS 2REFERENCES
Volume 2
Chapter 23: Leases
1 INTRODUCTION2 OBJECTIVE AND SCOPE OF IFRS 163 WHAT IS A LEASE?4 KEY CONCEPTS5 LESSEE ACCOUNTING6 LESSOR ACCOUNTING7 SUBLEASES8 SALE AND LEASEBACK TRANSACTIONS9 BUSINESS COMBINATIONS10 EFFECTIVE DATE AND TRANSITIONREFERENCES
Chapter 24: Government grants
1 INTRODUCTION2 SCOPE OF IAS 203 RECOGNITION AND MEASUREMENT4 PRESENTATION OF GRANTS5 GOVERNMENT GRANTS RELATED TO BIOLOGICAL ASSETS IN THE SCOPE OF IAS 416 DISCLOSURESREFERENCES
Chapter 25: Service concession arrangements
1 INTRODUCTION2 SCOPE OF IFRIC 123 THE CONTROL MODEL4 ACCOUNTING BY THE CONCESSION OPERATOR: THE FINANCIAL ASSET AND INTANGIBLE ASSET MODELS5 REVENUE AND EXPENDITURE DURING THE OPERATIONS PHASE OF THE CONCESSION AGREEMENT6 FURTHER EXAMPLES ILLUSTRATING THE APPLICATION OF IFRIC 12 AND INTERACTIONS WITH IFRS 15 AND IFRS 97 DISCLOSURE REQUIREMENTS: SIC-29REFERENCES
Chapter 26: Provisions, contingent liabilities and contingent assets
1 INTRODUCTION2 OBJECTIVE AND SCOPE OF IAS 373 RECOGNITION4 MEASUREMENT5 CASES IN WHICH NO PROVISION SHOULD BE RECOGNISED6 SPECIFIC EXAMPLES OF PROVISIONS AND CONTINGENCIES7 DISCLOSURE REQUIREMENTSREFERENCES
Chapter 27: Revenue: introduction and scope
1 INTRODUCTION2 IFRS 15 – OBJECTIVE AND OVERVIEW3 IFRS 15 – SCOPE4 OTHER INCOME AND OTHER REVENUEREFERENCES
Chapter 28: Revenue: identify the contract and performance obligations
1 INTRODUCTION2 IDENTIFY THE CONTRACT WITH THE CUSTOMER3 IDENTIFY THE PERFORMANCE OBLIGATIONS IN THE CONTRACTREFERENCES
Chapter 29: Revenue: determine and allocate the transaction price
1 INTRODUCTION2 DETERMINE THE TRANSACTION PRICE3 ALLOCATE THE TRANSACTION PRICE TO THE PERFORMANCE OBLIGATIONSREFERENCES
Chapter 30: Revenue: recognition
1 INTRODUCTION2 PERFORMANCE OBLIGATIONS SATISFIED OVER TIME3 MEASURING PROGRESS OVER TIME4 CONTROL TRANSFERRED AT A POINT IN TIME5 REPURCHASE AGREEMENTS6 CONSIGNMENT ARRANGEMENTS7 BILL-AND-HOLD ARRANGEMENTS8 RECOGNISING REVENUE FOR LICENCES OF INTELLECTUAL PROPERTY9 RECOGNISING REVENUE WHEN A RIGHT OF RETURN EXISTS10 RECOGNISING REVENUE FOR CUSTOMER OPTIONS FOR ADDITIONAL GOODS OR SERVICES11 BREAKAGE AND PREPAYMENTS FOR FUTURE GOODS OR SERVICESREFERENCES
Chapter 31: Revenue: licences, warranties and contract costs
1 INTRODUCTION2 LICENCES OF INTELLECTUAL PROPERTY3 WARRANTIES4 ONEROUS CONTRACTS5 CONTRACT COSTSREFERENCES
Chapter 32: Revenue: presentation and disclosure
1 INTRODUCTION2 PRESENTATION3 DISCLOSURES IN ANNUAL FINANCIAL STATEMENTS4 DISCLOSURES IN INTERIM FINANCIAL STATEMENTSREFERENCES
Chapter 33: Income taxes
1 INTRODUCTION2 OBJECTIVE AND SCOPE OF IAS 123 DEFINITIONS4 SCOPE5 CURRENT TAX6 DEFERRED TAX – TAX BASES AND TEMPORARY DIFFERENCES7 DEFERRED TAX – RECOGNITION8 DEFERRED TAX – MEASUREMENT9 UNCERTAIN TAX TREATMENTS10 ALLOCATION OF TAX CHARGE OR CREDIT11 CONSOLIDATED TAX RETURNS AND OFFSET OF TAXABLE PROFITS AND LOSSES WITHIN GROUPS12 BUSINESS COMBINATIONS13 PRESENTATION14 DISCLOSUREREFERENCES
Chapter 34: Share-based payment
1 INTRODUCTION2 THE OBJECTIVE AND SCOPE OF IFRS 23 GENERAL RECOGNITION PRINCIPLES4 EQUITY-SETTLED TRANSACTIONS – OVERVIEW5 EQUITY-SETTLED TRANSACTIONS – COST OF AWARDS6 EQUITY-SETTLED TRANSACTIONS – ALLOCATION OF EXPENSE7 EQUITY-SETTLED TRANSACTIONS – MODIFICATION, CANCELLATION AND SETTLEMENT8 EQUITY-SETTLED TRANSACTIONS – VALUATION9 CASH-SETTLED TRANSACTIONS10 TRANSACTIONS WITH EQUITY AND CASH ALTERNATIVES11 REPLACEMENT SHARE-BASED PAYMENT AWARDS ISSUED IN A BUSINESS COMBINATION12 GROUP SHARE SCHEMES13 DISCLOSURES14 TAXES RELATED TO SHARE-BASED PAYMENT TRANSACTIONS15 OTHER PRACTICAL ISSUES16 FIRST-TIME ADOPTION AND TRANSITIONAL PROVISIONSREFERENCES
Chapter 35: Employee benefits
1 INTRODUCTION2 OBJECTIVE AND SCOPE OF IAS 193 PENSIONS AND OTHER POST-EMPLOYMENT BENEFITS – DEFINED CONTRIBUTION AND DEFINED BENEFIT PLANS4 DEFINED CONTRIBUTION PLANS5 DEFINED BENEFIT PLANS – GENERAL6 DEFINED BENEFIT PLANS – PLAN ASSETS7 DEFINED BENEFIT PLANS – PLAN LIABILITIES8 DEFINED BENEFIT PLANS – TREATMENT OF THE PLAN SURPLUS OR DEFICIT IN THE STATEMENT OF FINANCIAL POSITION9 DEFINED BENEFIT PLANS – PRESENTATION OF THE NET DEFINED BENEFIT LIABILITY (ASSET)10 DEFINED BENEFIT PLANS – TREATMENT IN PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME11 DEFINED BENEFIT PLANS – COSTS OF ADMINISTERING EMPLOYEE BENEFIT PLANS12 SHORT-TERM EMPLOYEE BENEFITS13 LONG-TERM EMPLOYEE BENEFITS OTHER THAN POST-EMPLOYMENT BENEFITS14 TERMINATION BENEFITS15 DISCLOSURE REQUIREMENTS16 POSSIBLE FUTURE DEVELOPMENTSREFERENCES
Chapter 36: Operating segments
1 INTRODUCTION2 OBJECTIVE AND SCOPE OF IFRS 83 IDENTIFYING A SINGLE SET OF OPERATING SEGMENTS4 MEASUREMENT5 INFORMATION TO BE DISCLOSED ABOUT REPORTABLE SEGMENTS6 ENTITY-WIDE DISCLOSURES FOR ALL ENTITIESREFERENCES
Chapter 37: Earnings per share
1 INTRODUCTION2 OBJECTIVE AND SCOPE OF IAS 333 THE BASIC EPS4 CHANGES IN OUTSTANDING ORDINARY SHARES5 MATTERS AFFECTING THE NUMERATOR6 DILUTED EARNINGS PER SHARE7 PRESENTATION, RESTATEMENT AND DISCLOSURE8 APPENDIXREFERENCES
Chapter 38: Events after the reporting period
1 INTRODUCTION2 REQUIREMENTS OF IAS 103 PRACTICAL ISSUESREFERENCES
Chapter 39: Related party disclosures
1 INTRODUCTION2 REQUIREMENTS OF IAS 24REFERENCES
Chapter 40: Statement of cash flows
1 INTRODUCTION2 OBJECTIVE AND SCOPE OF IAS 73 CASH AND CASH EQUIVALENTS4 CLASSIFICATION IN THE STATEMENT OF CASH FLOWS5. OTHER CASH FLOW PRESENTATION ISSUES6 ADDITIONAL IAS 7 CONSIDERATIONS FOR GROUPS7 ADDITIONAL IAS 7 CONSIDERATIONS FOR FINANCIAL INSTITUTIONS8 REQUIREMENTS OF OTHER STANDARDSREFERENCES
Chapter 41: Interim financial reporting
1 INTRODUCTION2 OBJECTIVE AND SCOPE OF IAS 343 COMPONENTS, FORM AND CONTENT OF AN INTERIM FINANCIAL REPORT UNDER IAS 344 DISCLOSURES IN CONDENSED FINANCIAL STATEMENTS5 PERIODS FOR WHICH INTERIM FINANCIAL STATEMENTS ARE REQUIRED TO BE PRESENTED6 MATERIALITY7 DISCLOSURE IN ANNUAL FINANCIAL STATEMENTS8 RECOGNITION AND MEASUREMENT9 EXAMPLES OF THE RECOGNITION AND MEASUREMENT PRINCIPLES10 USE OF ESTIMATES11 EFFECTIVE DATES AND TRANSITIONAL RULESREFERENCES
Chapter 42: Agriculture
1 INTRODUCTION2 OBJECTIVE, DEFINITIONS AND SCOPE3 RECOGNITION AND MEASUREMENT PRINCIPLES4 MEASURING FAIR VALUE LESS COSTS TO SELL5 DISCLOSUREREFERENCES
Chapter 43: Extractive industries
1 INTRODUCTION AND BACKGROUND2 MINERAL RESERVES AND RESOURCES3 IFRS 6 – EXPLORATION FOR AND EVALUATION OF MINERAL RESOURCES4 UNIT OF ACCOUNT5 LEGAL RIGHTS TO EXPLORE FOR, DEVELOP AND PRODUCE MINERAL PROPERTIES6 RISK-SHARING ARRANGEMENTS7 INVESTMENTS IN THE EXTRACTIVE INDUSTRIES8 ACQUISITIONS9 FUNCTIONAL CURRENCY10 DECOMMISSIONING AND RESTORATION/REHABILITATION11 IMPAIRMENT OF ASSETS12 REVENUE RECOGNITION13 FINANCIAL INSTRUMENTS14 INVENTORIES15 PROPERTY, PLANT AND EQUIPMENT16 DEPRECIATION, DEPLETION AND AMORTISATION (DD&A)17 IFRS 16 – LEASES18 INTERACTION OF IFRS 16 AND IFRS 1119 LONG-TERM CONTRACTS AND LEASES20 TOLLING ARRANGEMENTS21 TAXATION22 EVENTS AFTER THE REPORTING PERIOD23 GLOSSARYREFERENCES
Volume 3
Chapter 44: Financial instruments: Introduction
1 STANDARDS APPLYING TO FINANCIAL INSTRUMENTS2 IAS 323 IAS 394 IFRS 75 IFRS 96 STRUCTURE AND OBJECTIVES OF THE STANDARDSREFERENCES
Chapter 45: Financial instruments: Definitions and scope
1 INTRODUCTION2 WHAT IS A FINANCIAL INSTRUMENT?3 SCOPE4 CONTRACTS TO BUY OR SELL COMMODITIES AND OTHER NON-FINANCIAL ITEMSREFERENCES
Chapter 46: Financial instruments: Derivatives and embedded derivatives
1 INTRODUCTION2 DEFINITION OF A DERIVATIVE3 EXAMPLES OF DERIVATIVES4 EMBEDDED DERIVATIVES5 EMBEDDED DERIVATIVES: THE MEANING OF ‘CLOSELY RELATED’6 IDENTIFYING THE TERMS OF EMBEDDED DERIVATIVES AND HOST CONTRACTS7 REASSESSMENT OF EMBEDDED DERIVATIVES8 LINKED AND SEPARATE TRANSACTIONS AND ‘SYNTHETIC’ INSTRUMENTSREFERENCES
Chapter 47: Financial instruments: Financial liabilities and equity
1 INTRODUCTION2 OBJECTIVE AND SCOPE3 DEFINITIONS4 CLASSIFICATION OF INSTRUMENTS5 CONTRACTS SETTLED BY DELIVERY OF THE ENTITY'S OWN EQUITY INSTRUMENTS6 COMPOUND FINANCIAL INSTRUMENTS7 SETTLEMENT OF FINANCIAL LIABILITY WITH EQUITY INSTRUMENT8 INTEREST, DIVIDENDS, GAINS AND LOSSES9 TREASURY SHARES10 ‘HEDGING’ OF INSTRUMENTS CLASSIFIED AS EQUITY11 DERIVATIVES OVER OWN EQUITY INSTRUMENTS12 POSSIBLE FUTURE DEVELOPMENTSREFERENCES
Chapter 48: Financial instruments: Classification
1 INTRODUCTION2 CLASSIFYING FINANCIAL ASSETS: AN OVERVIEW3 CLASSIFYING FINANCIAL LIABILITIES4 FINANCIAL ASSETS AND FINANCIAL LIABILITIES HELD FOR TRADING5 FINANCIAL ASSETS: THE ‘BUSINESS MODEL’ ASSESSMENT6 CHARACTERISTICS OF THE CONTRACTUAL CASH FLOWS OF THE INSTRUMENT7 DESIGNATION AT FAIR VALUE THROUGH PROFIT OR LOSS8 DESIGNATION OF NON-DERIVATIVE EQUITY INVESTMENTS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME9 RECLASSIFICATION OF FINANCIAL ASSETS10 CONTRACTS WITH INSURANCE RISK – INTERACTION BETWEEN IFRS 17 AND IFRS 9REFERENCES
Chapter 49: Financial instruments: Recognition and initial measurement
1 INTRODUCTION2 RECOGNITION3 INITIAL MEASUREMENTREFERENCES
Chapter 50: Financial instruments: Subsequent measurement
1 INTRODUCTION2 SUBSEQUENT MEASUREMENT AND RECOGNITION OF GAINS AND LOSSES3 AMORTISED COST AND THE EFFECTIVE INTEREST METHOD4 FOREIGN CURRENCIESREFERENCES
Chapter 51: Financial instruments: Impairment
1 INTRODUCTION2 SCOPE3 APPROACHES4 IMPAIRMENT FOR CORPORATES5 MEASUREMENT OF EXPECTED CREDIT LOSSES6 GENERAL APPROACH: DETERMINING SIGNIFICANT INCREASES IN CREDIT RISK7 OTHER MATTERS AND ISSUES IN RELATION TO THE EXPECTED CREDIT LOSS CALCULATIONS8 MODIFIED FINANCIAL ASSETS9 FINANCIAL ASSETS MEASURED AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME10 TRADE RECEIVABLES, CONTRACT ASSETS AND LEASE RECEIVABLES11 LOAN COMMITMENTS AND FINANCIAL GUARANTEE CONTRACTS12 REVOLVING CREDIT FACILITIES13 INTERCOMPANY LOANS14 PRESENTATION OF EXPECTED CREDIT LOSSES IN THE STATEMENT OF FINANCIAL POSITION15 DISCLOSURESREFERENCES
Chapter 52: Financial instruments: Derecognition
1 INTRODUCTION2 DEVELOPMENT OF IFRS3 DERECOGNITION – FINANCIAL ASSETS4 PRACTICAL APPLICATION OF THE DERECOGNITION CRITERIA5 ACCOUNTING TREATMENT6 DERECOGNITION – FINANCIAL LIABILITIES7 CUSIP ‘NETTING’8 FUTURE DEVELOPMENTSREFERENCES
Chapter 53: Financial instruments: Hedge accounting
1 INTRODUCTION2 HEDGED ITEMS3 HEDGING INSTRUMENTS4 INTERNAL HEDGES AND OTHER GROUP ACCOUNTING ISSUES5 TYPES OF HEDGING RELATIONSHIPS6 QUALIFYING CRITERIA7 ACCOUNTING FOR EFFECTIVE HEDGES8 SUBSEQUENT ASSESSMENT OF EFFECTIVENESS, REBALANCING AND DISCONTINUATION9 INTEREST RATE BENCHMARK REFORM10 PRESENTATION11 MACRO HEDGING12 ALTERNATIVES TO HEDGE ACCOUNTING13 EFFECTIVE DATE AND TRANSITION14 MAIN DIFFERENCES BETWEEN IFRS 9 AND IAS 39 HEDGE ACCOUNTING REQUIREMENTSREFERENCES
Chapter 54: Financial instruments: Presentation and disclosure
1 INTRODUCTION2 SCOPE OF IFRS 73 STRUCTURING THE DISCLOSURES4 SIGNIFICANCE OF FINANCIAL INSTRUMENTS FOR AN ENTITY's FINANCIAL POSITION AND PERFORMANCE5 NATURE AND EXTENT OF RISKS ARISING FROM FINANCIAL INSTRUMENTS6 TRANSFERS OF FINANCIAL ASSETS7 PRESENTATION ON THE FACE OF THE FINANCIAL STATEMENTS AND RELATED DISCLOSURES8 EFFECTIVE DATES AND TRANSITIONAL PROVISIONS9 FUTURE DEVELOPMENTSREFERENCES
Chapter 55: Insurance contracts (IFRS 4)
1 INTRODUCTION2 THE OBJECTIVES AND SCOPE OF IFRS 43 THE DEFINITION OF AN INSURANCE CONTRACT4 EMBEDDED DERIVATIVES5 UNBUNDLING OF DEPOSIT COMPONENTS6 DISCRETIONARY PARTICIPATION FEATURES7 SELECTION OF ACCOUNTING POLICIES8 CHANGES IN ACCOUNTING POLICIES9 INSURANCE CONTRACTS ACQUIRED IN BUSINESS COMBINATIONS AND PORTFOLIO TRANSFERS10 APPLYING IFRS 9 WITH IFRS 411 DISCLOSURE12. FUTURE DEVELOPMENTS
Chapter 56: Insurance contracts (IFRS 17)
1 INTRODUCTION2 THE OBJECTIVE, DEFINITIONS AND SCOPE OF IFRS 173 THE DEFINITION OF AN INSURANCE CONTRACT4 SEPARATING COMPONENTS FROM AN INSURANCE CONTRACT5 LEVEL OF AGGREGATION6 INITIAL RECOGNITION7 MEASUREMENT – OVERVIEW8 MEASUREMENT – GENERAL MODEL9 MEASUREMENT – PREMIUM ALLOCATION APPROACH10 MEASUREMENT – REINSURANCE CONTRACTS HELD11 MEASUREMENT – CONTRACTS WITH PARTICIPATION FEATURES12 MODIFICATION AND DERECOGNITION13 ACQUISITIONS OF INSURANCE CONTRACTS14 PRESENTATION IN THE STATEMENT OF FINANCIAL POSITION15 PRESENTATION IN THE STATEMENT OF FINANCIAL PERFORMANCE16 DISCLOSURE17 EFFECTIVE DATE AND TRANSITION18 FUTURE DEVELOPMENTSREFERENCES
Index of extracts from financial statements
Index of standards
Index
End User License Agreement

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International GAAP 2021

by Ernst & Young LLP

Volume 3: Chapters 44 to 56

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.