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Section 11
Section 12
Section 13
Section 16
Section 17
Section 18
Section 24
Section 25
Section 23
Section 28
Section 21
Section 29
Section 34
Impairment
Leases
Items
FA/FL under Section 11 (LCDT-CNN-CBALL)
Debt instruments that meet the conditions of paragraph 11.9
Debt instruments that are classified as CA/CL
Commitment to receive a loan
Investment in nonconvertible P/S and nonputtable P/S and O/S (publicly traded)
Investment in nonconvertible P/S and nonputtable P/S and O/S (all others)
FA/FL that constitutes a financing transaction
FA/FL under Section 12 (C-CHAD)
Inventories
Investment Property
Property, plant and equipment
Intangible assets, separately acquired
Intangible assets, as part of business combination
Research and development costs
Government grants
does not impose specific future performance
imposes future performance
received before the recognition criteria
Borrowing cost
Revenues
if constitutes a financing transaction
exchange of goods that are dissimilar in nature and has commercial substance
services (percentage of completion)
if outcome of transaction cannot be estimated reliable for services rendered
Plan assets
Termination benefits, general
Termination benefits, not due 12 months
Short-term employee benefits
Provisions
LESSEE
Leased asset
Lease liability
Cost of sales
Inventory
Cash
Initial Measurement
Fair Value of consideration received or receivable less trade discounts, volume reb
FVLCTS
Cost
Capitalized @ Cost (Section 17 &18)
Subsequent Measurement
amortized cost
undiscounted
cost less impairment
FV
cost less impairment
PV of all future payments
FV
LCNRV
FV, if can be measured without undue cost or effort ; otherwise, cost
Cost less accumulated depreciation and impairment
Cost less accumulated amortization and impairment loss
Expensed
FVLCTS
Cost less accumulated depreciation and impairment
Cost less accumulated depreciation and impairment
If asset will not revert back to lessor, do not include residual value in computations
Income Tax
A
T
L
Acctg Dep'n
2000
800
1200
Tax Dep'n
2000
1000
1000
CA
2000
800
1200
TB
2000
1000
1000
PPE
Dep'n
CA
T
D
A
Unearned Rev.
Tax
3000
1000
4000
TB
0
Reporting Date
ADJUSTING EVENTS (CBI-AFP)
1. Settlement after the reporting
period of a court case when the
entity had present obligation at the
end of the reporting period
2. Bankruptcy of customer
3. Sale of inventories after reporting
period may give evidence to NRV at
reporting date
4. Determination of cost of assets
purchased or the proceeds from
assets sold before the end of
reporting date
NON-ADJUSTING EVENTS
All others not included in the adjusting events (CBI-A
Require disclosures only
Related Parties
RELATED PARTIES (AffAssJoKClIP)
Aff
Affiliates
Ass Associates (20%-50%)
Jo
Joint Venture
K
Key management personnel
Cl
Close family members of an individual (individual's spouse and children, spouse's ch
I
Individuals owning directly or indirectly an interest in the voting power that gives the
P
Postemployment benefit plans
GENERAL
If impracticable, apply paragraph 35.7 -35.10
A>T
Example: Probable and measurable litigation loss, estimated warranty, impairment loss, re
T>A
TING EVENTS
e adjusting events (CBI-AFP).
losures only
Authorization of FS