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APPLYING IFRS 3 IN PRACTICE DECEMBER 2011 Navigating …
provisions on the post-combination accounting for certain assets acquired and liabilities assumed in a business combination. This Section ... 3.2 Specific disclosures for contingent consideration, indemnification assets and contingent liabilities arising from a business combination 76 3.3 Disclosures applicable only to certain business ...
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UNDERSTANDING DEFERRED TAX UNDER IAS 12 INCOME …
www.grantthornton.com.auDeferred tax assets are recognised only to the extent that recovery is probable. This section covers: • the recoverability of deferred tax assets where taxable temporary differences are available • the length of ‘lookout periods’ for assessing the recoverability of deferred tax assets • the recognition of deferred tax assets in ...
Non-current Assets Held For Sale and Discontinued …
www.grantthornton.com.au2.4 Cash flows resulting from discontinued operations 27 3. Changes in a plan to sell 28 4. Post-disposal results from discontinued operations 28 5. Example presentation layouts and selected explanatory notes thereto 28 5.1 Assets held for sale and disposal groups 28 5.2 Discontinued operations 31 E. Practical implementation issues 35 1.
A PRACTICAL GUIDE TO THE CLASSIFICATION OF …
www.grantthornton.com.auIAS 32 and its classification principles apply only to financial instruments. As a result, the Standard does not deal with the classification of items within equity which are not financial instruments, such as retained earnings and revaluation reserves. Nor does it deal with the classification of non-financial liabilities.
Technical Accounting Alert - Grant Thornton Australia
www.grantthornton.com.au... under Publications/IFRS and technical ... The publication amends IFRS 2 to: clarify the scope of the Standard ... IFRS 2 Share-based Payments AASB 2 Share-based ...
Capitalisation of borrowing costs - Grant Thornton
www.grantthornton.com.auExecutive summary A. IAS 23 addresses accounting for borrowing costs. B. Borrowing costs are defined as interest and other costs that an entity incurs in connection with the borrowing of funds. Borrowing costs may include interest expense calculated using the effective interest method, finance charges in respect of finance leases and certain
Example special purpose financial statements
www.grantthornton.com.auJun 30, 2018 · general purpose financial statements with the Australian Taxation Office (ATO). Furthermore, the AASB has just introduced proposals to remove the current definition of ‘reporting entity’ from Australian Accounting requirements, effectively removing the option to prepare special purpose financial statements if entities are
IFRS Viewpoint - Preparing financial statements when the ...
www.grantthornton.com.auIFRS Viewpoint Preparing financial statements when the going concern basis is not appropriate Our ‘IFRS Viewpoint’ series provides insights from our global IFRS team on applying IFRSs in challenging situations. Each edition will focus on an area where the Standards have proved difficult to apply or lack guidance. This edition provides
IFRS 2 SHARE-BASED PAYMENTS - Grant Thornton
www.grantthornton.com.au2 | IFRS 2 Share-Based Payments This fact sheet is based on existing requirements as at 31 December 2015 and does not take into account recent standards and interpretations that have been issued but are not yet effective. IMPORTANT NOTE This fact sheet is based on the requirements of the International Financial Reporting Standards (IFRSs). In some
Director Identification Numbers
www.grantthornton.com.auA key component of the changes is the new mandatory Director Identification Numbers (director ID). ... birth certificate, Medicare card, ImmiCard, citizenship certificate and visa ... 2 Open the app on your smart device, follow the prompts to enter the requested details.
Example not-for-profit financial statements
www.grantthornton.com.auJun 30, 2018 · effect during 2018/2019. The new financial instruments standard became effective on 1 January 2018, impacting for the first time full years ending 31 December 2018. Similarly, the new leases, revenue and income of not-for-profit requirements will kick in from 1 January 2019. In addition, the AASB has just introduced proposals to
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HKAS 37 Provisions, Contingent Liabilities and Contingent ...
www.hkicpa.org.hkA. Tables – Provisions, contingent liabilities, contingent assets and reimbursements B. Decision tree C. Examples: recognition D. Examples: disclosure E. Comparison with International Accounting Standards Hong Kong Accounting Standard 37 …
HKAS 38 Intangible Assets - Hong Kong Institute of ...
www.hkicpa.org.hkcontingent liabilities assumed in a business combination; (c) the recognition of provisions for terminating or reducing the activities of an acquiree; (d) the treatment of any excess of the acquirer’s interest in the fair values of identifiable net assets acquired in a business combination over the cost of the combination; and
Provisions, Contingent Liabilities and (issued May 2014 ...
www.ifrs.orgProvisions, Contingent Liabilities and Contingent Assets. Objective. The objective of this Standard is to ensure that appropriate recognition criteria and measurement bases are applied to provisions, contingent liabilities and contingent assets and that sufficient information is disclosed in the notes to enable users to understand
Provisions, Contingent Liabilities and Contingent Assets
www.mca.gov.inProvisions, Contingent Liabilities and Contingent Assets (This Indian Accounting Standard includes paragraphs set in bold type and plain type, which have equal authority. Paragraphs in bold type indicate the main principles). Objective The objective of this Standard is to ensure that appropriate recognition criteria and
Not-for-Profit Entities (Topic 958) - FASB
asc.fasb.orgto transferred assets is contingent upo n the achievement of a certain level of service, an identified number of units of output, or a specific outcome. An example of another measurable barrier is a stipulation that the recipient is entitled to the assets only upon the occurrence of an identified event (for example, a matching requirement). 2.