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Index The index to this volume is a comprehensive index. It references not only all International Financial Reporting Standards—IFRSs, IASs and Interpreta tions—but also all related documentation including Bases for Conclusion s, Implementation Guidance, Application Guidance, Appendices and Illustrative Examples. In addition, it includes references to the IASC Foundation Constitution, the IASB Framework and the IFRS and IFRIC Prefaces and the Due Process Handbooks for the IASB and the IFRIC References to IFRSs, IASs, Interpretations and supporting documentation are by Standard number and paragraph number. This method provides an absolute reference rather than a relative one. The index uses prefix no tations to identify the document to which paragraphs and subparagraphs belong. These prefix notations are as follows: Section Prefix Examples Reference International Financial IF IF1.1—47A IFRS 1, paragraphs 1 to 47A Reporting Standards IF3.3A(c) IFRS 3, paragraph 3A (IFRSs) 1–7 subparagraph (c) International no prefix 12.26(a) IAS 12, paragraph 26 Accounting subparagraph (a) Standards (IASs) 1–41 37.10 IAS 37, paragraph 10 Basis for Conclusions BC IF2.BC19–22 Basis for Conclusions on IFRS 2, on IFRSs paragraphs BC19 to BC22 IF4.BC61(d) Basis for Conclusions on IFRS 4, paragraph BC61 subparagraph (d) Basis for Conclusions B, BC or 24.BC8–14 Basis for Conclusions on on IASs BCZ IAS 24, paragraphs BC8 to BC14 36.BCZ108–112 Basis for Conclusions on IAS 36, paragraphs BCZ108 to BCZ112 Implementation IG 39.IG Q&A E.4.2 Implementation Guidance Guidance on IFRSs on IAS 39 Q&A E.4.2, and IASs IF4.IG6–10 Implementation Guidance on IFRS 4, paragraphs IG6 to IG10 Illustrative Examples IE 33.IE1 IAS 33, on IFRSs and IASs Illustrative Example 1 Application AG 32.AG25–26 Application Guidance Guidance on IAS 32, paragraphs AG25 to AG26 39.Appendix A IAS 39.Appendix A: AG84–93 Application Guidance on IAS 39, paragraphs AG84 to AG93 Appendices to IFRSs Appendix IF1 Appendices A–C IFRS 1, Appendices A to C and IASs 36.Appendix A4 IAS 36,.Appendix A, paragraph A4 Other prefixes are: IASC Foundation Constitution– CN; Preface to International Financial Reporting Standards– IFRS Preface ; Due Process Handbook for the IASB– DPH; IFRIC Interpretation–IFRIC; SIC Interpretation–SIC; Due Process Handbook for the IFRIC– IDPH; IASB Framework–F. © IASCF 2667 Index Absences of employee Accounting policies – contd compensation benefits, 19.11–16, pronouncements of other 19.BC86–88 standard-setting bodies, 8.12, 8.21, 8.BC16–19 recognition in the interim financial report, revaluation of assets, 8.17, 16.31–42, 34.Appendix B10 38.75–87 Accounting estimates see Change in selection, 8.7–12 accounting estimate; Estimates summary in financial statements, 1.117–124 Accounting model, F.101, F.110 Accounting policies uniform, in consolidated financial statements, 27.24–25 application, 8.7–12 changes in, 8.14–31 Accrual basis, F.22 applying changes, 8.19–27 financial statements presentation, 1.27–28 decommissioning, restoration or similar liability, IFRIC1.10, Acquisition accounting see Business combinations IFRIC1.IE13–18, IFRIC1.BC12–13 disclosure, 8.28–31 Acquisition-related costs in a business combination, IF3.53, disclosure about impending IF3.BC365–370 application of newly issued standards, 8.30–31, 8.BC30–31 see also Transaction costs Admission fees insurance contracts, IF4.21–30, IF4.BC123–146 revenue recognition, 18.Appendix 15 Advertising commissions limitations on retrospective revenue recognition, 18.Appendix 12 application, 8.23–27, 8.BC23–29, Advertising services 8.IG3.1–3.4 barter transactions involving, SIC-31 retrospective application, 8.19(b), 8.22, 8.IG2.1–2.8 Agency revenue recognition of commissions, consistency, 8.13 18.8, 18.Appendix 13 definition, 8.5 Aggregation disclosure, F.40, 1.108–115 financial statements, 1.29–31 disclosure in statements of cash flows, Agricultural activity, 41.1–59 7.46–47 definition, 41.5 disclosure of changes in, 8.28–31 diverse range, 41.6 disclosure of judgements by government grants, 41.34–38, 41.57 management in applying,1.122–124, intangible assets, 41.2(b) 1.BC77–78 basis for conclusions, 41.B58–60 financial instruments, IF7.21, see also Biological assets IF7.Appendix B5 Agricultural land first-time adoption of IFRSs, IF1.7–12 biological assets attached to, 41.25 illustrative example of disclosure of basis for conclusions, 41.B55–57 construction contracts, excluded from IAS 41, 41.2(a) 11.Appendix basis for conclusions, 41.B55–57 impracticability of retrospective Agricultural produce application, 8.50–53, 8.BC23–29, definition, 41.5–6 8.IG3.1–3.4 disclosure, 41.40–57, 41.Appendix interim financial reporting, 34.28–36 basis for conclusions,41.B74–81 investment property, 40.30–32 disaggregation of the gain or loss, 41.B78–79 examples, 41.4 2668 © IASCF Index Agricultural produce – contd Associates – contd gains and losses, 41.26–29 earnings per share, 33.40 inability to measure fair value reliably, application guidance, 33.Appendix A11–12 41.30–33, 41.54–56 inventories, 2.2–4, 2.20 equity method, 28.11–30 recognition and measurement4 ,1.10–33 exceptions to applying the equity basis for conclusions, 41.B41–46 method, 28.13 sales contracts, 41.B47–54 exemptions from presentation, Amortised costs 28.13(b)–(c) debt instrument with stepped interest first-time adoption of IFRSs,IF1.24–25, IF1.BC59–63 payments example calculation, goodwill, 28.23 39.IG Q&A B.27 held temporarily excepted from definition, 39.IG Q&A B.24–25 requirement of using the equity example of calculations, method, 28.13(a), 28.BC14 39.IG Q&A B.26–27 impairment losses, 28.31–34, 28.BC20 financial assets investments accounted for in definition, 39.9 accordance with IAS 39, 28.18–19 example calculation, joint venture, distinguished from, 31.9 39.IG Q&A B.26 loss of significant influence, 28.18-19A, impairment, 39.63–65, 28.BC21, 27.BC64 39.Appendix A AG84–92 related party disclosures, 24.18(d) perpetual debt instruments with separate financial statements, decreasing interest rate, 27.38–40,27.42–43,27.BC65–66,28.2, 39.IG Q&A B.25 28.4, 28.35–36 perpetual debt instruments with fixed significant influence, 28.6–10 or market-based variable rate, statements of cash flows, 7.37 39.IG Q&A B.24 Available-for-sale financial assets Assets definition, 39.9 acquisition of, IF3.2(b) disclosure, IF7.8(d), IF7.20(a)(ii) elements in financial statements, exchange of shares, F.47–59 39.IG Q&A E.3.1 Framework definition, F.49 gains and losses, 39.55(b) consistency between IAS 39 and impairment see Impairment; Impairment loss SFAS 115, 39.BC221(c) leased, F.57 impairment, 39.67–70, recognition, F.89–90 39.IG Q&A E.4.9–4.10 see also Current assets; Financial assets; separation of currency component, Property, plant and equipment 39.IG Q&A E.3.2 Associates, 28.1–43 Balance sheet see Statement of financial applicability of IAS 32 to interests in, position 32.4(a) Bank overdrafts contingent liabilities, 28.40 treatment as cash equivalent, 7.8 deferred taxes on investments in, Banks 12.38–45, 12.81(f), 12.87, 12.87C management of interest rate risk, 39.IG Q&A F.6.1 definition, 28.2 different reporting dates of investor Bargain purchase, IF3.34–36, IF3.BC371–381 and associate, 28.24–25, 28.BC16 disclosure, 28.37–40 ©IASCF 2669 Index Barter transactions Borrowing costs – contd involving advertising services,SIC-31 government grants, 23.18 Biological assets hyperinflationary economy, entity applicability of IAS 20,0.2(d), 41.37–38 reporting in currency of, 29.21 definition,41.5 recognition, 23.8–25 depreciation, 41.30, 41.54–56 suspension of capitalisation, 23.20–21 disclosure,41.40–57, 41.Appendix Branches basis for conclusions, 41.B74–81 deferred taxes on investments in, disaggregation of the gain or loss, 12.38–45, 12.81(f), 12.87, 12.87C 41.B78–79 Business combinations separate disclosure of physical and achieved in stages, IF3.41–42, price changes, 41.B74–77 IF3.BC384–389 examples, 41.4 acquiree, definition of, IF3.Appendix A fair value,41.9–33 acquirer, definition and identification basis for conclusions, 41.B13–37 of, IF3.6–7, IF3.Appendix A, fair value versus cost,1.B13–26 IF3.Appendix B13–18, IF3.BC82–105 gains and losses,41.26–29 acquisition date, definition and basis for conclusions, 41.B38–40 determining, IF3.8–9, government grants, 41.34–38 IF3.Appendix A, IF3.BC106–110 basis for conclusions, 41.B63–73 acquisition method of accounting, impairment losses, 41.30, 41.54–56 IF3.4–5, IF3.BC22–57 inability to measure fair value reliably, 41.30–33, 41.54–56 application of, IF3.6–53, IF3.BC80–400 acquisition-related costs, IF3. 51–53, independent valuation, 41.B33 inventories,2.2–4, 2.20 IF3.BC365–370 adjustments to assets acquired and point-of-sale costs,1.B22–26 liabilities assumed recognised at the recognition and measurement, 41.10–33 acquisition date, IF3. 45–50, IF3.BC390–400, IF3.IE50–53 basis for conclusions, 41.B13–60 sales contracts,41.B47–54 assembled workforce, subsequent expenditure, 41.B61–62 IF3.Appendix B37, IF3.BC176–180 asset acquisition, exclusion from scope Biological transformation definition,41.5 of acquisition method, IF3.2(b) disclosure,41.52 assets outcomes resulting from, 41.7 accounting afterthe acquisition Bonds receivable and payable, 32.AG4(d) date, IF3.54–58, IF3.Appendix B63 acquirer does not intend to use, Bonus issue earnings per share calculation, IF3.Appendix B43,IF3.BC261–262 33.26–28 classification and designation of acquiree’s,IF3.15–17, illustrative example, 33.IE3 Bonus payments IF3.BC185–188 employee benefit, 19.17–22 measurement of acquiree’s Borrowing costs, 23.1–30 identifiable,F3.18–20, capitalisation,23.10–15 IF3.BC197–262 recognition of acquiree’s identifiable, cessation of capitalisation,3.22–25 commencement of capitalisation, IF3.10–17,IF3.BC111–196 23.17–19 assets held for sale,F3.31, IF3.BC305–307 definition,23.5–7 disclosure,23.26 bargain purchase, IF3.34–36, eligible for capitalisation,3.10–15 IF3.BC371–381, IF3.IE45–49 examples, 23.6 2670 © IASCF Index Business combinations – contd Business combinations – contd business, definition of,F3.Appendix A, derivative instruments, designation as IF3.Appendix B7–B12, IF3.BC15–21 hedging instruments, IF3.16(b), classification and designation of IF3.BC185–188 identifiable assets acquired and disclosure, IF3.59–63, IF3.BC401–428, liabilities assumed,IF3.15–17, IF3.IE72 IF3.BC185–188 financial effects of adjustments common control, combinations of during the current period that businesses or entities under, relate to business combinations IF3.Appendix B1–4 in the period orprevious periods, exclusion from scope of IFRS 3, IF3.61–62, IF3.Appendix B67 IF3.2(c), IF3.BC59–61 financial effects of business consideration transferred combinations during the current business combinations achieved period, IF3.59–60, without, IF3.43–44 IF3.Appendix B64–66 classification and initial dual listed corporation, business measurement, IF3.37–40, combination achieved through, IF3.BC337–370 IF3.43–44 consolidated financial statements see earnings per share calculation, 33.22 Consolidated financial statements effective date of IFRS 3,F3.64, contingent consideration IF3.BC429–432 accounting after the acquisition date, embedded derivatives, assessment for IF3.58,IF3.BC353–360 separation from the host contract, classification,IF3.40 IF3.16(c), IF3.BC185–188 definition, IF3.Appendix A employee benefits, IF3.26, distinguishing from remuneration, IF3.BC296–300 IF3.Appendix B54–55 error correction, IF3.50 initial measurement, IF3.39, exceptions to the recognition and IF3.BC343–352 measurement principles, IF3.21–31, contingent liabilities IF3.BC262–311 accounting after the acquisition date, financial assets and liabilities, IF3.56,IF3.BC242–245 classification of,IF3.16(a), initial recognition and measurement IF3.BC185–188 of acquiree’s,F3.22–23, first-time adoption of IFRSs,IF1.14–15, IF3.BC242–245, IF3.BC272–278 IF1.Appendix B, IF1.BC31–40, contract alone, business combinations IF1.IG22 achieved by, IF3.43–44, IF3.BC78–79 fresh start method, IF3.BC55–57 transition provisions for, goodwill, IF3.32–33, IF3.BC312–336 IF3.Appendix B68–69, definition,IF3.Appendix A IF3.BC433–434 disclosure of changes in carrying deferred taxes,IF3.24–25, amount, IF3.Appendix B67(d) IF3.BC279–295, 12.19, 12.26(c), impairment testing, see 12.66–68 Impairment testing changes in deferred tax assets after in combination achieved without the acquisition date,IF3.67, the transfer of consideration, IF3.BC288–291, 12.68 IF3.33, IF3.Appendix B46 definition and identification of,IF3.3, in combination involving mutual IF3.Appendix A, IF3.Appendix B5–6, entities,IF3.Appendix B47–49 IF3.BC5–21 © IASCF 2671 Index Business combinations – contd Business combinations – contd identifiable assets and liabilities liabilities – contd accounting after the acquisition recognition of acquiree’s,F3.10–17, date, IF3.54–58, IF3.Appendix B63 IF3.BC111–196 classification and designation of measurement period, IF3.45–50, acquiree’s,IF3.15–17, IF3.BC390–400, IF3.IE50–53 measuring the identifiable assets IF3.BC185–188 measurement of acquiree’s, acquired and liabilities assumed IF3.18, 20,IF3.BC197–262 after the acquisition date,IF3.54 recognition of acquiree’s,IF3.10-17, at the acquisition date,IF3.18, 20, IF3.BC111–196 IF3.BC197–262 measuring the non-controlling interest indemnification assets accounting after the acquisition in an acquiree, IF3.19, IF3.BC205–221 date, IF3.57 mergers, included in definition of business combination, initial recognition and measurement,IF3.27–28, IF3.Appendix A, IF3.BC12 multiple transactions, achieving IF3.BC301–303 insurance contracts acquired in, control through, IF3.41–42, IF3.17(b), IF3.BC185–196, IF4.31–33, IF3.BC384–389 mutual entities IF4.BC147–153 intangible assets application of acquisition method, IF3.BC64–77 definition of identifiable, definition,IF3.Appendix A IF3.Appendix A,IF3.BC157–174, 38.12,38.BC6–10 measurement of goodwill, IF3.Appendix B47–49 illustrative examples, IF3.IE16–44 recognition separately from transition provisions for,F3.66, IF3.Appendix B68–69, goodwill, IF3.Appendix B31–40, IF3.BC433–434 IF3.BC157–184, 38.33–43, 38.BC16A–19B non-controlling interest in an acquiree definition,IF3.Appendix A see also Intangible assets initial measurement of,IF3.19, joint ventures excluded from scope of IF3.Appendix B44–45, IFRS 3, IF3.2(a), IF3.BC59–61 IF3.BC205–221 lease contracts acquired in non-current assets held for sale,IF3.31, classification of,IF3.17(a), IF3.BC305–307, IF5.BC42–45 IF3.BC185–188 pooling of interests method, reasons recognition of assets subject to operating leases in which the for rejecting,IF3.BC29–54 post-employment benefits, IF3.26, acquiree is the lessor, IF3.BC296–300, 19.108 IF3.Appendix B42, IF3.BC144–148 pre-existing relationship between the recognition of operating leases, acquirer and acquiree, IF3.51–52, IF3.Appendix B28–30, IF3.Appendix B51–53, IF3.BC122, IF3.BC144–148 IF3.IE54–57 liabilities reacquired rights, IF3.BC308–310 accounting after the acquisition accounting after the acquisition date, IF3.54–58, IF3.Appendix B63 date, IF3.55, 38.94, 38.115A classification and designation of initial measurement, IF3.29 acquiree’s,IF3.15–17, initial recognition, IF3.BC185–188 IF3.Appendix B35–36 measurement of acquiree’s,IF3.18, 20,IF3.BC197–262 2672 © IASCF Index Business combinations – contd Canada recognising the identifiable assets share-based payment, IF2.BC281–282 acquired and liabilities assumed, Capital IF3.10–17, IF3.BC111–196 concepts of, F.102–103 remuneration for future services, disclosure, 1.134–136, 1.IG10–IG11, IF3.51–52, IF3.Appendix B54–55, 1.BC85–BC100 IF3.IE58–60 Capital maintenance research and development projects concepts of, F.104–110 acquired in, IF3.BC149–156, financial, F.104, F.106–107 38.BC78–89 physical, F.104, F.106, F.109 restructuring costs, IF3.11, Capital maintenance adjustments, F.81, IF3.BC132–143 F.108, F.109 reverse acquisitions,IF3.Appendix B15, Cash, F.18, 7.7–9 IF3.Appendix B19–27, IF3.BC94–97, definition, 7.6, 32.AG3 IF3.IE1–15 Cash collateral separate transactions from the recognition, 39.IG Q&A D.1.1 business combination, identification Cash equivalents, 7.7–9 of,IF3.12, IF3.51–53, definition, 7.6 IF3.Appendix B50–62, Cash flow statements see Statement of cash IF3.BC115–124, IF3.IE54–71 flows, acquisition-related costs,F3.53, Cash flows IF3.BC365–370 definition,7.6 pre-existing relationships, estimates of future cash flows to IF3.Appendix B51–53,IF3.BC122, determine value in use, 36.30–57, IF3.IE54–57 36.Appendix A, 36.BCZ40–BC80 remuneration forfuture services, Framework, F.15–18 IF3.Appendix B54–55,IF3.IE58–60 Cash instruments share-based payment awards, designation as hedging instruments IF3.Appendix B56–62, considered, 39.BC144–145 IF3.BC361–364, IF3.IE61–71 Cash-generating unit share-based payment awards, IF2.5, allocating corporate assets,36.100–103 IF2.BC23–24, IF3.30, IF3.BC311 illustrative example,36.IE69–79 distinguishing consideration from remuneration, allocating goodwill, 36.80–99 testing for impairment, 36.88–99, IF3.Appendix B56–62, 36.Appendix C, 36.BC137–159, IF3.BC361–364, IF3.IE61–71 36.IE62–68 stapling arrangement, business allocating impairment loss, 36.104–108 combination achieved by, IF3.43–44 basis for conclusions, step acquisition,IF3.41–42, 36.BCZ178–181 IF3.BC384–389 testing for impairment, transition,IF3.65–67 for mutual entities,IF3.66, 36.BC160–170 allocating corporate carrying amount, IF3.BC433–434 36.75–79 valuation allowances, definition,36.6 IF3.Appendix B41, IF3.BC252–260 disclosure of estimates to measure Call options,32.AG13–14, 32.AG17 goodwill or intangible assets with illustrative examples, 32.IE12–21 indefinite useful lives,6.134–137 not included in diluted earnings per basis for conclusions,36.BC192–209 share calculation, 33.62 illustrative example,36.IE80–89 revenue recognition, 18.Appendix 5 18.Appendix 9 © IASCF 2673 Index Cash-generating unit – contd Comparative information – contd disclosure of impairment loss or first-time adoption of IFRSs,IF1.34, reversal of impairment loss, IF1.36–37, IF1.BC85–89A 36.130(d)–(g) retrospective restatement, 8.22, 42 identification,36.66–73 business combinations, IF3.49, basis for conclusions, IF3.BC390–400, IF3.IE50–53 36.BCZ113–118 Completeness, F.38 illustrative examples,36.IE1–22 Compound financial instruments recoverable amount, 36.18–57, 36.74 disclosure of instruments with Change in accounting estimate, 8.32–40, multiple embedded derivatives, 8.BC32–33 IF7.17, IF7.BC28–31 construction contracts, 11.38 presentation, 32.28–32, 32.AG30–35, definition,8.5 32.BC22–31, 32.IE34–50 disclosure,8.39–40 transaction costs, 32.38 distinct from change in accounting Consolidated financial statements, 27.1–46 policy,8.36 attribution of losses, 27.27–28, effective interest rate,9.BC36 27.BC33-40 impracticability of retrospective cash flow statements, 7.37–42 restatement to reflect,8.50–53, changes in a parent’s ownership in a 8.BC23–29, 8.IG3.1–3.4 subsidiary that do not result in a loss interim financial reporting, 34.27 of control, 27.30–31, 27.BC41–52 property, plant and equipment, 16.76 consolidation procedures, 27.18–31 Changes in financial positionF,.18–20,F.47 control, 27.4, 27.13–15 Co-operatives derecognition of a financial asset, accounting for members’ shares in, 39.15 IFRIC2 different reporting dates of parent and statement of comprehensive income subsidiary, 27.22–23 and statement of financial position disclosure, 27.41–43, 27.BC67-71 presentation, 32.BC7–8, 32.IE32–33 exemptions from presentation, Collateral 27.10–11, 27.BC9–17, 28.13(b), 28.5, disclosure,IF7.14–15, 38, IF7.BC25, 31.2(b), 31.6 IF7.BC56 financial instruments, 32.AG29 Commission foreign operation, 21.19, 21.44–49 revenue recognition, 18.8, group, 27.4 18.Appendix 12–13, hyperinflationary economies, entity 18.Appendix 14(c)(i) reporting in the currency of, 29.1, Commodity contracts 29.35–36 application of IAS 32,32.AG22–24 interim financial reporting, 34.14 application of IAS 39,39.5–7, intragroup items, 27.20–21 39.Appendix A AG10, 39.BC24 loss of control of a subsidiary, Common control, combinations of 27.32–37, 27.BC53–57 businesses or entities under, multiple arrangements, 27.33, IF3.Appendix B1–B4 27.BC58–63 exclusion from scope of IFRS 3, IF3.2(c) non-controlling interests, 1.BC59, 27.4, Comparability 27.18(b)–(c), 27.27–28, 27.BC28–32 financial statements, F.39–42 potential voting rights,27.14, 27.19, first-time adoption of IFRSs,IF1.BC9–10 27.IG1–8 Comparative information presentation, 27.9–11, 27.BC9–17 financial statement presentation, scope, 27.12–17, 27.BC18–27 1.36–41, 1.BC38–40 special purpose entities,SIC-12 2674 © IASCF Index Consolidated financial statements – contd Contingent liabilities – contd subsidiaries acquired and held for disclosure by venturer in a joint resale,IF5.BC52–55, venture, 31.54 IF5.IG Example 13 government grants, 20.11, 20.39(c) transitional provisions, 27.45, interim financial reporting, 27.BC72–75 34.Appendix C6 uniform accounting policies, 27.24–25 multi-employer plans, 19.32A–32B, Construction contracts, 11.1–46 19.BC9C–9D accounting policy disclosure, recognition, 37.27–30, 11.Appendix 37 Appendices A–C change in accounting estimate, 11.38 recognition and measurement in a claims and variations, 11.11–15 business combination, IF3.22–23, combining, 11.7, 11.9 IF3.56, IF3.BC242–245, contingent liabilities and assets,1.45 IF3.BC272–278 contract costs,11.16–21 relationship with provisions, 37.12–13 contract revenue, 11.11–15 revenue, 18.36 cost plus contract,11.24 taxes, 12.88 costs excluded, 11.20 termination benefits, 19.141 definition,11.3 updating disclosure about conditions disclosure,11.39–45 at end of reporting date, 10.19–20 illustrative example, 11.Appendix Contractual obligation excepted from IAS 2, 2.2(a) fixed price contract,11.23 definition, 32.AG7–8 financial instrument without illustrative examples of application of contractual obligation, 32.16(a), IAS 11,11.Appendix 32.17–20, 32.AG25–26, 32.BC7–9, incentive payments, 11.11–15 32.IE32–33 losses,11.22, 11.36–37 implicit, 32.20, 32.BC9 percentage of completion method of provisions for onerous contracts, recognition, 11.25–26, 11.38 37.66–69, 37.Appendix C.8 recognition of revenue and expenses, 11.22–35, 18.21 Convertible instruments earnings per share, 33.49–51 illustrative example, 11.Appendix illustrative example, 33.IE6, IE8 segmenting, 11.7–8, 11.10 Copyright variations, 11.11–13 as assets,F.56 work in progress, 11.27 Corporate assets Contaminated land definition, 36.6 provisions, 37.Appendix C.2A–2B impairment testing cash-generating Contingent assets units, 36.100–103 disclosure, 37.89–90, 37.Appendix A illustrative example, 36.IE69–79 recognition, 37.31–35 Corresponding figures, F.42 Contingent consideration hyperinflationary economies, 29.8, see Business combinations 29.34, IFRIC7.5, IFRIC7.BC6 Contingent lease payments Cost recognition in the interim financial inventories, 2.10–27 report, 34.Appendix B7 Cost method Contingent liabilities statements of cash flows, 7.37 associates, 28.40 Cost of sales construction contracts, 11.45 as expenses, F.78 definition, 37.10 Cost plus contract, 11.24 disclosure, 37.86–92, definition, 11.3 37.Appendices A, D © IASCF 2675 Index Credit risk Decommissioning, restoration or similar definition,IF7.Appendix A liability – contd disclosure,IF7.9–11, IF7.36–38, changes in accounting policies, IF7.Appendix B9–10, IF7.BC49–56, IFRIC1.10, IFRIC1.IE13–18, IF7.IG21–29, 32.47, 32.50 IFRIC1.BC12–13 financial instruments, IF7.9–11, first-time adoption of IFRIC 1,IF1.25E, IF7.36–38, IF7.Appendix B9–10, IF1.BC63C, IF1.IG201–203 IF7.BC49–56,IF7.IG21–29,32.47,32.50 property, plant and equipment, Creditors 16.16(c), 16.18 users of financial statements,F.9 provisions, 37.48–50 Currency risk Deferred taxes definition,IF7.Appendix B23–24 assets carried at fair value,2.20, financial instruments, 12.26(d), SIC-21 IF7.Appendix B23–24 business combinations, IF3.24–25, forecast intragroup transaction, 39.80, IF3.BC279–295, 12.19, 12.26(c), 39.108A–108B, 12.66–68 39.Appendix A AG99A–99B, AG133 changes in the tax status of an entity or Currency swaps, 32.AG15 its shareholders, SIC-25 Current assets deductible temporary differences, presentation in statement of financial 12.24–31 position, 1.60–68 examples, 12.Appendix A Current cost accounting definitions, 12.5 measurement basis, F.100–101 disclosure, 12.79–88 physical capital maintenance, F.106 illustrative computations and Current liabilities presentation, 12.Appendix B presentation in statement of financial discounting not permitted, 12.53–56 position, 1.60–65, 1.69–76 financial instruments, 12.23, 32.39 Customer loyalty programmes foreign exchange differences, 12.41, recognition and measurement, 12.78, 21.50 IFRIC13.1–11 goodwill, 12.15(a), 12.21–21B, 12.24(a), Customers 12.32A 12.66–68 users of financial statements,F.9 government grants, 12.4, 12.33 Date hyperinflationary economies, 29.32 difference in financial reporting year IFRIC 7 on applying the and tax year in the interim financial restatement approach under report, 34.Appendix B17–18 IAS 29, IFRIC7.2(b), IFRIC7.4–5, financial statements, 10.17–18 IFRIC7.IE1–6, IFRIC7.BC18–25 Death-in-service benefits,19.BC89 impairment loss, 36.64 Decommissioning funds, rights to interest illustrative example, 36.IE33–37 arising from, IFRIC5.1–15, IFRIC5.BC1–28 impairment of assets, 36.BCZ81–94 accounting for an interest in a fund, IFRIC5.7–9, IFRIC5.BC7–21 income statement, 12.58–60 initial recognition of an asset or accounting for obligations to make liability,12.22–23 additional contributions, IFRIC5.10, IFRIC5.BC22–25 insurance contracts, IF4.BC198 investments in subsidiaries, branches, disclosure,IFRIC5.11–13, IFRIC5.BC26 associates and joint ventures, generally,IFRIC5.1–3, IFRIC5.BC2–3 12.38–45, 12.81(f), 12.87, 12.87C Decommissioning, restoration or similar items recognised outside profit or loss, liability 12.61–65A accounting for changes in, measurement, 12.47–56 IFRIC1.1–10, IFRIC1.IE1–18, negative goodwill, 12.24(a), 12.32, IFRIC1.BC1–33 12.66–68 2676 © IASCF Index Deferred taxes – contd Defined benefit plans – contd reassessment of unrecognised recognition and measurement, – contd deferred tax assets,12.37 actuarial assumptions, 19.72–91, recognition, 12.57–68C 19.BC35–37 share-based payment, 12.68A–68C actuarial gains and losses, illustrative computations and 19.92–95, 19.BC38–48EE presentation, 12.Appendix B actuarial valuation method, taxable temporary differences, 12.5, 19.64–66, 19.BC17–22 12.15–18 additional minimum liability, illustrative examples,12.Appendix A 19.BC63–65 unused tax losses and tax credits, attributing benefit to periods of 12.34–36 service, 19.67–71, 19.BC23–25 Defined benefit plans discount rate and actuarial accounting and reporting, 26.17–31 assumptions, 19.78–82, accounting for constructive obligation, 19.BC26–34 19.52–53 interaction with minimum accounting generally, 19.48 funding requirements, asset ceiling,9.BC78A–78E IFRIC14.1–28 curtailments, 19.109–115, 19.BC79–80 past service cost,19.96–101, definition,19.7, 26.8 19.BC49–62 disclosure,19.120–125, 19.BC81–85E, plan assets,19.102–107 26.34–36 present value of defined benefit distinct from defined contribution obligations and current service plans,19.24–28 cost, 19.63–91 frequency of actuarial valuations,6.27 salaries, benefits and medical costs, group entities, 19.34–34B, 19.83–91 19.BC10A–10K report format, 26.28–31 illustrative examples of application of settlements, 19.109–115, 19.BC79–80 IAS 19, 19.Appendices A–C statement of financial position, limit on the recognition of an asset, 19.54–60, 19.BC11–14 19.BC76–78 transitional provisions on first multi-employer plans, 19.29–34B, adoption of IAS 19,19.153–156, 19.BC7–10 19.BC95–96 plan assets, 19.BC66–75E Defined contribution plans definition, 19.7, 19.BC68A–68L accounting generally, 19.43 fair value, 19.102–104, 19.BC69–75, basis for conclusions,19.BC5–6 26.32–33 definition,19.7, 26.8 measurement, 19.BC69–75 disclosure,19.46–47, 26.34–36 reimbursements, 19.104A–104D, distinct from defined benefit plans, 19.BC75A–75E 19.24–28 return on, 19.105–107 recognition and measurement, presentation, 19.116–119, 19.BC81–85E 19.44–45 current/non-current distinction, report content,26.13–16 19.118 valuation of plan assets,6.32–33 financial components of costs, Depreciable amount, 16.50–56, 16.BC28–29 19.119 definition,16.6 offset,19.116–117 Depreciable assets profit or loss,9.61–62 government grants, 20.17 recognition and measurement, Depreciation 19.49–62, 19.BC11–16 as expenses,F.78 biological assets,1.30, 41.54–56 ©IASCF 2677 Index Depreciation – contd Derivatives – contd definition,16.6 foreign currency contract based on interim financial reporting, sales volume, 39.IG Q&A B.8 34.Appendix B24 instruments containing embedded leases,17.27–29, 17.53 derivatives, property, plant and equipment, 39.Appendix A AG33A–33B 16.43–62, 16.BC26–33 interest rate swaps,39.IG Q&A B.3–5 Derecognition margin accounts, 39.IG Q&A B.10 financial assets,F7.13, IF7.BC24, offsetting loans,39.IG Q&A B.6 39.15–37, 39.Appendix A AG36–52 options, 39.IG Q&A B.7 all transfers,39.36–37, prepaid forward contract, 39.Appendix A AG49–50 39.IG Q&A B.9 basis for conclusions, 39.BC41–53 Discontinued operations consolidated financial statements, definition,IF5.Appendix A,IF5.BC59–72 39.15 disclosure of tax expense, 12.81(h) continuing involvement in presentation, IF5.31–36, IF5.BC73–77, transferred assets,39.20(c)(ii), IF5.IG Examples 9, 11 39.30–35, 39.Appendix A AG48, that has been abandoned, 39.Appendix A AG52, 39.BC67–70 IF5.IG Example 9 definition, 39.9 timing of classification as,F5.BC59–72 examples, 39.Appendix A AG51 Disposal group see Non-current assets held regular way contracts, 39.38, for sale 39.Appendix A AG12, Disposals of subsidiaries 39.Appendix A AG53–56 statements of cash flows, 7.39–42 transfers that do not qualify, Dividends 39.20(b), 39.29, statements of cash flows, 7.31–34 39.Appendix A AG47, 39.BC65–66 declaration after the reporting period, transfers that qualify,39.20(a), 10.12–13, 10.BC4 39.20(c)(i), 39.24–28, financial instruments, 32.2, 32.35–41, 39.Appendix A AG45–46 32.AG37, 32.BC33 where entity retains contractual income tax consequences, 12.52A–52B, rights to receive cash flows but 12.65A, 12.82A, 12.87A–87B, 32.40 assumes contractual obligation revenue, F.40, 18.5(c), 18.29–33, to pay cash flows,39.BC54–64 18.Appendix A.20 financial liabilities,.39–42, Earnings per share, 33.1–76, 39.Appendix A AG57–63 33.Appendices A–B definition, 39.9 average marketing price of ordinary using trade date or settlement date shares, 33.Appendix A4–5 accounting, 39.IG Q&A B.32 basic,33.9–29 implementation guidance, illustrative example,33.IE12 39.IG Q&A D.1–2.3 bonus issue, 33.26–28 Derivatives,32.AG15–19 illustrative example,33.IE3 definitions,39.9, business combination, 33.22 39.Appendix A AG9–12A, contingently issuable shares, 33.24, 39.IG Q&A B.2–10 33.52–57 embedded, 39.2(e), 39.10–13, illustrative example,33.IE7 39.Appendix A AG27–33 contracts that may be settled in implementation guidance, ordinary shares or cash, 33.58–61, 39.IG Q&A C.1–11, IFRIC9.7–8 33.BC7–9 examples, 39.Appendix A AG9, illustrative example,33.IE8 39.IG Q&A B.2 2678 © IASCF Index Earnings per share – contd Embedded derivatives, 39.2(e), 39.10–13, convertible instruments, 33.49–51 39.Appendix A AG27–33 illustrative example, 33.IE6, IE8 accounting for a convertible bond, diluted,33.30–63 39.IG Q&A C.3 illustrative example, 33.IE12 debt or equity host contract, disclosure,33.70–73 39.IG Q&A C.5 earnings, 33.12–18, 33.33–35 equity kicker,39.IG Q&A C.4 illustrative example, 33.IE1 fair value,9.11A–13, employee share options, 33.48 39.Appendix A AG33A–33B3 , 9.BC77–78 instruments of subsidiaries, joint foreign currency derivatives, 39.10, ventures or associates,33.40 39.Appendix A AG33(c)–(d),39.BC37–40 application guidance, currency of international 33.Appendix A11–12 commerce, 39.IG Q&A C.9 illustrative example, 33.IE10 unrelated foreign currency interim financial reporting,34.11 provision, 39.IG Q&A C.8 measurement, 33.9–63 holder permitted, but not required, to partly paid shares,33.Appendix A15–16 settle without recovering presentation, 33.66–69 substantially all of its recognised illustrative example, 33.IE12 investment, 39.IG Q&A C.10 parents’ separate earnings per implementation guidance, share,33.BC4–6 39.IG Q&A C.1–11 purchased options, 33.62 insurance contracts, IF4.7–9 retrospective adjustments, 33.64–65 basis for conclusions, reverse acquisitions, IF4.BC188–194 IF3.Appendix B25–27, IF3.IE9–10 implementation guidance, rights issues,3.26, 33.27(b) IF4.IG3–4, IF4 Example 2 application guidance, instruments containing, 33.Appendix A2 39.Appendix A AG33A–33B illustrative example, 33.IE4 purchases and sales contracts in share options,33.45–48 foreign currency instruments, application guidance, 39.IG Q&A C.7 33.Appendix 6–10 reassessment of, IFRIC9.7–8 illustrative example, 33.IE5 reliable determination of fair value, shares,33.19–29, 33.36–40 39.IG Q&A C.11 illustrative example, 33.IE2 separation of embedded option, two-class ordinary shares 39.IG Q&A C.2 application guidance, separation of host debt instrument, 33.Appendix A13–14 illustrative example, 33.IE11 39.IG Q&A C.1 synthetic instruments, warrants, 33.45–48 39.IG Q&A C.6 application guidance, 33.Appendix 6–10 Employee benefits, 19.1–160, 19.Appendices A–H year-to-date calculation of diluted earnings per share, 33.BC10–14 bonus payments, 19.17–22 business combination, acquired in, Effective interest method definition,39.9 IF3.26 Effective interest rate compensated absences, 19.11–16, 19.BC86–88 change in accounting estimates, 39.BC36 recognition in the interim financial definition,39.9, 39.Appendix A AG5–8, report, 34.Appendix B10 39.BC30–35 ©IASCF 2679 Index Employee benefits – contd Environmental rehabilitation funds constructive obligation,19.17–20, see Decommissioning funds 19.25–26, 19.52–53 Environmental reports definitions, 19.7 outside scope of IFRSs,1.14 disclosure of short-term benefits, 19.23 Equity first-time adoption of IFRSs, IF1.20, elements in financial statement, F.47, F.51–52, F.65–68 IF1.BC48–52, IF1.IG18–21 illustrative examples of application of Framework definition, F.49 Equity instruments, 32.2, 32.4 IAS 19, 19.Appendices A–C long-term benefits other than business combinations, issued in, IF2.5, post-employment benefits, IF2.BC23–24 changes in fair value,32.36 19.126–131, 19.BC90 disclosure, 19.131 definition,32.11, 32.AG13–14, 32.BC4 distinct from financial liability, recognition, 19.128–130 32.15–20, 32.AG25–26, 32.BC5–6, post-employment benefits see 39.IG Q&A B.22 Post-employment benefits; distributions,32.35–36 Retirement benefit plans examples, 32.AG13–14 profit-sharing plans, 19.17–22 impairment, 39.61, 39.BC105–130 related party disclosures, 24.16 no contractual obligation to deliver short-term, 19.8–23 cash or another financial asset, termination benefits, 19.132–143, 32.16(a), 32.17–20, 32.AG25–26, 19.BC91–93 32.BC7–9, 32.IE32–33 Employee remuneration price risk,IF7.Appendix B26–28 share-based see Employee share settlement in the entity’s own equity options; Share-based payment instruments, 32.16(b), 32.21–24, Employee share options 32.AG27(a)–(d), 32.BC10–15 all-employee plans, IF2.BC8–18 share-based payment, IF2.2–3, basis for conclusions,IF2.BC7–18, IF2.10–29, IF2.BC19–22 IF2.BC29–60 that do not have quoted market price capital structure effects, impairment loss, 39.66 IF2.Appendix B38–41 measurement, 39.46(c), convergence with US GAAP, 39.Appendix A AG80–81 IF2.BC270–286 transaction costs, 32.35, 32.37 APB 25, IF2.BC272–275 Equity method, 28.11–12 SFAS 123, IF2.BC276–286 application, 28.13–30 early exercise,IF2.Appendix B16–21 definition, 28.2 earnings per share, 33.48 discontinuance when significant expected dividends, influence ceases, 28.18–19 IF2.Appendix B31–36 exceptions to applying,28.13(c), 31.2(c), expected volatility,IF2.Appendix B22–30 fair value, IF2.Appendix B4–41, 31.6 hyperinflationary economy, investee IF2.BC129–199 risk-free interest rate, reporting in currency of, 29.20 jointly controlled entities, 31.38–41 IF2.Appendix B37 conditions for exemption, 31.2, see also Share-based payment Employees 31.BC13 statements of cash flows, 7.37–38 users of financial statements,F.9 Employer payroll taxes Errors, 8.41–49 recognition in the interim financial disclosure of prior period errors, 8.49 report,34.Appendix B1 2680 © IASCF Index Errors – contd Exploration and evaluation assets fundamental error concept eliminated, changes in accounting policies, 8.BC4–11 IF6.13–14, IF6.BC49 impracticability of retrospective definition,IF6.Appendix A, IF6.BC9–16 restatement to correct, 8.50–53, impairment, IF6.18–22, IF6.BC35–48 8.BC23–29, 8.IG3.1–3.4 measurement, IF6.8–14, IF6.BC29–31 presentation, IF6.15–17, IF6.BC32–34 limitations on retrospective restatement, 8.43–48, 8.BC23–27 recognition,IF6.6–7, IF6.BC17–31 Exposure drafts retrospective restatement of prior period, 8.42–49, 8.IG1.1–1.6 due process,IFRS Preface 22, business combinations, IF3.50 DPH.38–44 Extractive industries see Exploration and Estimates changes see Change in accounting evaluation assets Extraordinary items estimate disclosure,1.BC60–64 disclosure of sources of uncertainty in Fair presentation,F.46 notes, 1.125–133, 1.BC79–84 Fair value implications of first-time adoption of biological assets,1.9–33 IFRSs, IF1.31–34, IF1.BC84 basis for conclusions,41.B13–37 interim financial reporting, definition,39.9, 39.Appendix A AG4B–4K 34.41–42examples, 34.Appendix C embedded derivatives, 39.11A–13, The euro 39.Appendix A AG33A–33B3 , 9.BC77–78 foreign currency accounting, effects of financial assets and liabilities, introduction on, SIC-7 IF7.25–30, IF7.BC36–39, 39.48–49 European Union application guidance, 39.Appendix A AG69–82, Waste Electrical and Electronic Equipment Directive, IFRIC6.3–4, 39.BC95–130 IFRIC6.BC2–6 IAS 2 definition, 2.6–7 IAS 32 definition, 32.11 Events after the reporting period, 10.1–24 investment funds, 39.IG Q&A E.2.1 adjusting events,10.8–9, 10.19–20 investment property,40.33–55,40.B40–65 large holding, 39.IG Q&A E.2.2 definition,10.3 dividends declared, 10.12–13, 10.BC4 on first-time adoption of IFRSs, IF1.14–19, IF1.44, IF1.BC41–47, first-time adoption of IFRSs,F1.32–33, IF1.BC95 IF1.IG2–4 going concern assumption, 10.14–16 option, 39.9(b), 39.11–13, 39.105–105D, 39.Appendix A AG4B–4K, non-adjusting events,10.10–11,10.21–22 AG33A–33B, 39.BC71–92 revision of IAS 1 (as issued 1997), 1.BC39–48 role of prudential supervisors for assessing use of option,39.BC78A–79A updating disclosure about conditions valuation technique, 39.48A at end of the reporting period, Fees 10.19–20 admission, 18.Appendix A.15 Exchange of goods or services as revenue, F.74 whether revenue transaction, 18.12 development of customised software, Expenses, F.69–73
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