Sincethen,IAS7anditsaccompanyingdocumentshavebeenamendedbythefollowing IFRSs: •IAS8AccountingPolicies,ChangesinAccountingEstimatesandErrors (issuedDecember2003) •IAS21TheEffectsofChangesinForeignExchangeRates(asrevisedinDecember2003) •IFRS8OperatingSegments(issuedNovember2006) ...
Illustrativeexamplesofsaleandleasebacktransactionsthatresultin operatingleases A764IFRSFoundation IAS17 InternationalAccountingStandard17Leases(IAS17)issetoutinparagraphs1–70and theAppendix.AlltheparagraphshaveequalauthoritybutretaintheIASCformatofthe StandardwhenitwasadoptedbytheIASB.IAS17shouldbereadinthecontextof...
7–10 CONTRACT REVENUE 11–15 CONTRACT COSTS 16–21 RECOGNITION OF CONTRACT REVENUE AND EXPENSES 22–35 RECOGNITION OF EXPECTED LOSSES 36–37 CHANGES IN ESTIMATES 38 DISCLOSURE 39–45 EFFECTIVE DATE 46 FOR THE ACCOMPANYING DOCUMENT BELOW, SEE PART B OF THIS EDITION ILLUSTRATIVE EXAMPLES Disclosure...
A740 © IASCF IAS 34 IN8 Part B of the illustrative examples accompanying the Standard provides guidance for applying the basic recognition and measurement principles at interim dates to various types of asset, liability, income, and expense. Income tax expense for an interim period is based ...
Registration is required to access the free version of the Issued Standards, which do not include additional documents that accompany the full standard (such as illustrative examples, implementation guidance and basis for conclusions). Note that the Issued Standards contain amendments tha...
(REVISED 1997) APPENDIX Amendments to other pronouncements APPROVAL BY THE BOARD OF IAS 17 ISSUED IN DECEMBER 2003 BASIS FOR CONCLUSIONS IMPLEMENTATION GUIDANCE Illustrative examples of sale and leaseback transactions that result in operating leases 1 2–3 4–6 7–19 20–35 20–32 20–24 25–...
Illustrative question: Ramification Ramification is an engineering company. It has two contracts nearing completion at its year end. The company has made certain assumptions related to revenue recognition and wants to know if these would be acceptable under current revenue rules. Further the company ...
(income) related to profit or loss from ordinary activities Exchange differences on deferred foreign tax liabilities or assets DISCLOSURE EFFECTIVE DATE APPENDICES A B Examples of temporary differences Illustrative computations and presentation 1–4 5–11 7–11 12–14 15–45 15–23 19 20 21–21B ...
General purpose financial statements are those intended to serve users who do not have the authority to demand financial reports tailored for their own needs. [IAS 1.3] Objective of Financial Statements The objective of general purpose financial statements is to provide information about the financial...
(ISSUED 1998) 133 FOR THE ACCOMPANYING DOCUMENTS LISTED BELOW, SEE PART B OF THIS EDITION APPROVAL BY THE BOARD OF IAS 38 ISSUED IN MARCH 2004 BASIS FOR CONCLUSIONS DISSENTING OPINIONS ILLUSTRATIVE EXAMPLES Assessing the useful lives of intangible assets © IFRS Foundation A1029 IAS 38 ...