With several clarifications from the IASB and clarifications expected from local regulators, IFRS 17 might seem like a moving target but at Lux, with our specialist team of Fellows and Associates, we deliver the best. Two specific examples: A-Rated Composite Insurer Lux Actuaries performed IFRS ...
This contract might meet the optional scope exclusion explained in section 2.3, because the maximum shortfall is the mortgage balance (that is, the benefit to the borrower is limited to the amount otherwise required to settle their obligation). If the entity does not elect to apply ...
Companies usually sell more than one product, each of which is subject to its own market forces. Some products are profitable and others are not. Some require more assets while others require less.
The doctor explained to me that she must pay the rental fees for every single push of the button, on top of the fixed fee. Special For You!Have you already checked out theIFRS Kit? It’s a full IFRS learning package with more than 40 hours of private video tutorials, more than 140 ...
In conjunction with the change in the lessee’s financial statement presentation, IFRS 16 also requires more robust disclosures. What is considered a lease under IFRS 16? Under IFRS 16, a lease is defined as a contract granting an entity the right to utilize a specific asset for a prescribed...
Because, I explained above, even trade receivables are financial instruments. Are you booking the bad debt provision? So here you go. Using the IFRS 9 terminology, “bad debt provision” = impairment of financial assets, or a loss allowance. ...
FinancialInstruments:IAS32andIAS39Explainedincludingillustrativeexamplesandinterpretations. KeyDifferencesBetweenIFRSsandUSGAAPIncludesastatusreportonwhatisbeingdoneabouteachdifference. IFRSinyourPocketPublishedinEnglish,French,Spanish,Polish,Danish,Finnish,Chinese, andotherlanguages,thispocket-sizedguideincludessummariesof ...
Tax Reconciliation under IAS 12 With Example– one of the most difficult numerical disclosures explained clearly step by step Tax Incentives – IAS 12 or IAS 20?– when to apply IAS 20 and when to apply IAS 12? Dear Simon,
E.g.: RPA, AI, Analytics 5 Automated documentation of requirements 6 Automated validations and controls Impact Future Workforce (examples) • Lower workforce costs when running a more automated business • Working with data as a key skill: focus on analyzing data based on a trusted and ...
These assumptions are explained within the commentary boxes in notes 2.1(a) and 2.3(a). In addition to the adoption of IFRS 9, disclosures and commentaries have been updated to address IFRIC 23 (refer to Appendix VIII) and the IFRS Interpretation Committee's agenda decision on interest income...