This publication is presented in two parts. View IAS 10 Examples 2020.pdf from FRK 221 at University of Pretoria. Issued: in 1978; re-issued in 1999 and 2003, followed by amendments Effective date: 1 January 2005 What it does: IAS 10 sets the rules when an entity should adjust its financial statements for events after the reporting period together with the necessary disclosures. These examples represent how some of the disclosures required by IAS 12 (in Example 2 - Illustrative disclosure) for income taxes might be tagged using both block tagging and detailed tagging. References: IAS 1.10, IAS 1.113, IAS 1.54, IAS 1.60, IAS 1.61, IAS 1.78, IFRS 4.36, IFRS 4.37 Reference: IAS 1.54 2011 2010 January 1, 2010 IAS 1.54 Assets Cash $ xxx xxx xxx Investments (Note 4) xxx xxx xxx Investment income accrued xxx xxx xxx Due from reinsurers (Note 7) … Practical guide to Phase 2 amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 for interest rate benchmark (IBOR) reform The IASB has issued amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 that address issues arising during the reform of benchmark interest rates including the replacement of one benchmark rate with an alternative one. IAS 40 Investment Property Overview. /CS /DeviceRGB The decline in fair value does not IAS 38 Intangible Assets – Summary with Examples – PDF October 1, 2019 IAS 10 Events after the Reporting Period (VIDEO) October 1, 2019 IAS 7 Statement of Cash Flows – Summary – PDF … To give a definitive indication of the areas students will need to be aware of in relation to IAS for future CIE examinations. In these Illustrative Examples, foreign currency amounts are ‘Foreign Currency’ (FC) and functional currency amounts are ‘Local Currency’ (LC). Scenario 1 $ Net assets included in the consolidated statement of financial position 500 View IAS 10 Examples 2020.pdf from FRK 221 at University of Pretoria. Data at end of 20X0 End of 20X0 Allocation of Purchase price endstream endobj startxref I year in which it adopts IFRS 16 with a date of initial application of 1 January 2019. �R� %z���ewj ICAEW guides and support Factsheets. endstream endobj 174 0 obj <>/Metadata 11 0 R/Pages 171 0 R/StructTreeRoot 15 0 R/Type/Catalog>> endobj 175 0 obj <>/MediaBox[0 0 595.32 841.92]/Parent 171 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageC]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 176 0 obj <>stream 173 0 obj <> endobj Reflects standards issued up to 31 March 2009. The entity also sells goods to a foreign customer for 10.5m on 30 September 2008, when the exchange rate was 1.75 to $1. IAS 11 defines construction contract as: “… a contract specifically negotiated for the construction of an asset or a combination of assets …” Examples of construction contracts include those negotiated for the construction of highways, buildings, oil rigs, industrial units, pipelines, airlines and other similar assets. This publication is presented in two parts. << Illustrative IFRS corporate consolidated financial statements for 2009 year ends Illustrative set of consolidated financial statements for an existing preparer of IFRS. F.6.3 Illustrative example of applying the approach in Question F.6.2 F.6.4 Hedge accounting: premium or discount on forward exchange contract F.6.5 IAS 39 and IAS 21 Fair value hedge of asset measured at cost SECTION G OTHER G.1 Disclosure of changes in fair value G.2 IAS 39 and IAS 7 Hedge accounting: statements of cash flows Practical Example - 1 The entity will record a sale and trade receivable of $6m. IE1 The objective of these examples … 1-4) Definitions (paras. %%EOF This Standard provides guidance for the accounting treatment of the events, which take place after the reporting period, but before the date of authorization of financial statements for issue, related disclosur… disclosure checklist and IAS 34 application guidance. /Resources 2 0 R To provided illustrative examples for students and tutors. Summaries IAS 10 – Events After the Reporting Period 10-33) Government grants (paras. Financial statements disclose corresponding information for the preceding period (comparatives), unless a standard or interpretation permits or requires otherwise. Includes an appendix showing example disclosures under IFRS 3 (revised). 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