You are not required by IAS 18 to examine whether this additional delivery reflects stand-alone selling prices or not. Also, let’s not complicate the things with issues such as “commercial substance”, “transfer pricing”, “dumping prices” – this is just an example. The revenue for the...
How are ACCA dealing with any confusion?The calculation of the contract asset under IFRS 15 outlined above is the technically correct one and the FR examining team will only accept this approach.Written by a member of the FR examining teamRelated Links Student ...
This will be a major practical issue as it may require a separate calculation and allocation exercise to be performed for each contract. A mobile telephone contract typically bundles together the handset and network connection. IFRS 15 will require their separation. "A mobile telephone contract typic...
It specifies the calculation mechanics for both the basic EPS and the diluted EPS.IAS 34 Interim Financial ReportingIAS 34 specifies the minimum content requirements of interim condensed financial statements. It prohibits repetition of information already contained in the most recent annual financial ...
NCI at acquisition (see goodwill calculation above): CU 18 400 Add NCI’s share on post-acquisition retained earnings of Baby: CU 3 466, calculated as: Baby’s retained earnings at 1 January 20X6: CU 17 330 (calculated above at consolidated retained earnings at 1 January 20X6) ...
NCI at acquisition (see goodwill calculation above): CU 18 400 Add NCI’s share on post-acquisition retained earnings of Baby: CU 3 466, calculated as: Baby’s retained earnings at 1 January 20X6: CU 17 330 (calculated above at consolidated retained earnings at 1 January 20X6) ...
The calculation of earnings per share shall be appropriately adjusted to take into account the effect of a change in the number of the legal subsidiary's issued ordinary shares during those periods. Allocating the cost of a business combination B16 This IFRS requires an acquirer to recognise the...
There are two key aspects of the calculation: Calculate the gain or loss of the decrease in scope, which is driven by the difference between the ROU asset and lease liability applying the ROU percentage decrease. The remeasurement of the lease liability using an updated discount rate. ...
Management is required to take into account range of scenarios (as it is an unbiased calculation) and consider non-linearity. Non-linearity means a crystal ball to make that the percentage change to a macroeconomic scenario might not be proportional to the change in some predictions! credit loss...
For example, a subsidiary can have some unrecognized internally generated intangible assets meeting separability criterion. In such a case, an acquirer needs to recognize these assets, too. All assets and liabilities aremeasured at acquisition-date fair value. ...