UK GAAP 2019

Chapter 31Specialised activities

• 1 INTRODUCTION
• 2 AGRICULTURE
  • 2.1 Introduction
  • 2.2 Key differences to IFRS
    • 2.2.1 Measurement basis
    • 2.2.2 Bearer plants
    • 2.2.3 Government grants related to biological assets
  • 2.3 Definitions and scope
    • 2.3.1 Definitions
    • 2.3.2 Scope
  • 2.4 Recognition
  • 2.5 Measurement
  • 2.6 Fair value model
    • 2.6.1 Measurement
    • 2.6.2 Fair value hierarchy
      • 2.6.2.A Active market
      • 2.6.2.B Market-based data in the absence of an active market
      • 2.6.2.C Fair value in the absence of market prices or data
      • 2.6.2.D Fair value of a biological asset that is not reliably measurable
    • 2.6.3 Disclosures
  • 2.7 Cost model
    • 2.7.1 Measurement
      • 2.7.1.A Biological assets
      • 2.7.1.B Agricultural produce
    • 2.7.2 Disclosures
  • 2.8 Summary of GAAP differences
• 3 EXTRACTIVE ACTIVITIES
  • 3.1 Introduction
  • 3.2 Requirements of Section 34 for extractive activities
  • 3.3 Practical implementation issues
• 4 SERVICE CONCESSION ARRANGEMENTS
  • 4.1 Introduction
  • 4.2 Key differences to IFRS
  • 4.3 Requirements of FRS 102 for service concession arrangements
    • 4.3.1 Definitions used in Section 34 for service concession arrangements
    • 4.3.2 Scope
      • 4.3.2.A Judgements required in determining whether an arrangement is an SCA
      • 4.3.2.B Accounting for arrangements determined not to be SCAs under FRS 102
    • 4.3.3 Accounting by grantors – finance lease liability model
    • 4.3.4 Accounting by operators
      • 4.3.4.A Financial asset model
      • 4.3.4.B Intangible asset model
      • 4.3.4.C Measuring the fair value of construction services
      • 4.3.4.D Operating services ...