IAS 37 Provisions and Contingent Liabilities Part-4 Financial Reporting #acca 12:27 IAS 38 Intangible Assets Part-1 ACCA Financial Reporting #acca #fr #f7 31:04 IAS 38 Intangible Assets Part-2 ACCA Financial Reporting #acca #fr #f7 06:01 Interpretation of financial statements Part-3 Fin...
13 IAS 37 Provisions and Contingent Liabilities Part-1 Financial Reporting #acca 24:09 IAS 37 Provisions and Contingent Liabilities Part-2 Financial Reporting #acca 05:25 IAS 37 Provisions and Contingent Liabilities Part-3 Financial Reporting #acca 13:14 IAS 37 Provisions and Contingent ...
An important aspect of the 2010 exposure draft is that it focuses on measurement guidance, and not recognition guidance for a liability. Changes to recognition criteria were included in the 2005 exposure draft and were not re-exposed for comment. Currently, IAS 37 states that provisions should b...
Financial Position elements Asset: a future economic benefit. Term ‘Probable’ is used to define assets and liabilities elements. Asset: a future economic resource with which future economic benefits are expected ‘Probable’ is a part of the framework recognition criteria. Recognition of elements ...
capitalization of development costs for software and hardware/technology under IFRS (if certain recognition criteria are met) − only capitalization of direct software development costs under US-GAAP vs. additional capitalization of certain overhead costs under IFRS impact: − „steady state"...
7.2.17-7.2.26 only once (ie if an entity chooses an approach of applying IFRS 9 that involves more than one date of initial application, it cannot apply any of those provisions again if they were already applied at an earlier date).实体应在初始申请的相关日期适用第7.2.1-7.2.26段中的...
In case recognition criteria are met, these costs are capitalised and generally depreciated using the straight-line method over five years or, if more appropriate, using the number of production or similar units expected to be obtained from the tools (sum-of-the-units method). Especially for ...
issuers, and if priority projects include financial instruments, 5 revenue recognition, leases, presentation of the FASB and IAS 37 Provisions, Contingent other comprehensive income and fair value Liabilities and Contingent Assets and annual measurement. For the IASB, projects scheduled improvements for ...
Financial Position elements Recognition of elements Asset: a future economic benefit. Term ‘Probable’ is used to define assets and liabilities elements. Does not discuss “Probable” for recognition criteria. Has separate criteria based upon “Relevance” Asset: a future economic resource with ...
Have the recognition criteria changed for intangible assets? 16. What happens to the contingent liabilities of the acquired business? 17. If consideration paid and most assets and liabilities are at fair value, what does this mean for the post- combination income statement? Asset and liability ...