© IFRS Foundation 2017. .pdf from ACCOUNTING 1602423 at University of Jordan. Accessibility   |   Privacy   |   Terms and Conditions   |   Trade mark guidelines   |   All legal information   |   Using our website. íÜBI¿E|ošy[[Òç…ÅD§•r\Ú4P¤?P¯±(Hï% ÞF°)çbÁ¼@–×)Ø”3@uA›zg¸ôÞÈÑ+å8Ug‰}š§bÝٛ 4YúT£PDGGƒ q000šxt@¡jP¾„Ï (`†H+CÕ³e@ø‚¾2T?T½ D?#T?£„/âÆ@åz¬;¢´Ë€C9„A€áK“0ËfÆ=ŒEÌ+YzX‚™¯3žc5dõ`1\ ¶à GKx…fò[†›U¦ŒyæBLÍÐx2a`+H9 è mÊÀVrƒÊOxÚ°e`[“ New guidance IFRS 3, ‘Business Combinations’, has been amended to update the definition of a business. HKFRS/IFRS 9 Financial Instruments and HKFRS/IFRS 15 Revenue from Contracts with Customers are effective for periods beginning on or after 1 January 2018 and HKFRS/IFRS 16 Leases is effective as of 1 January 2019. … IFRS in your pocket |2019 3 Our IAS Plus website Deloitte’s IAS Plus (www.iasplus.com) is one of the most comprehensive sources of global financial reporting news on the Web. Leases. Students must know that these materials are there to help them in their studies … IFRS 3, ‘Business combinations’ IFRS 11, ‘Joint ventures’ IAS 12, ‘Income taxes’ IAS 23, ‘Borrowing costs’ Annual periods on or after 1 January 2019 Not yet endorsed 16 IFRIC 23, ‘Uncertainty over income tax’ Annual periods on or after 1 January 2019 Endorsed 17 1 January 2020 Amendments to IFRS 3, ‘Business IFRS 3 outlines the accounting when an acquirer obtains control of a business (e.g. IASB Update Jan 2019 –ED to be released Q2 2019 (narrow scope amendment): Recognition of deferred tax when lessee recognises an asset and a liability at initial lease date applying IFRS 16; IRE in IAS 12:15/IAS 12:24 would be narrowed down, i.e. The 2019 reference for the interpretation and application of the latest international standards. The first milestone in the development of today’s standard was in July 2000 when the G4+1, which included the predecessor of the Board, the International Accounting Standards Committee (IASC), issued a … deferred tax would be This website uses cookies. The new model introduces an optional concentration test that, if met, eliminates the need for further assessment. Summary . Head office: Columbus … Contents. STAFF PAPER November 2019 ... IFRS 3) Paper topic Comment letter analysis CONTACTS Saori Tanabe stanabe@ifrs.org +81 (0)3 5205 7281 Joan Brown jbrown@ifrs.org +44 (0)20 7246 6916 This paper has been prepared for discussion at a public meeting of the International Accounting In addition to cookies that are strictly necessary to operate this website, we use the following types of cookies to improve your experience and our services: Functional cookies to enhance your experience (e.g. QŘ` š « IFRS 3 Business Combinations The objective of the IFRS is to enhance the relevance, reliability and comparability of the information that an entity provides in its financial statements about a business combination and its effects. You can view which cookies are used by viewing the details in our privacy policy. It is a central repository for information about International Financial Reporting Standards as well as the activities of the IASB. Session expired, please refresh your browser. Effective for annual periods beginning on or after 1 January 2019: ... Click to download the new Guide to IFRS 3 and IAS 27 (PDF 647k). Changes in accounting estimates: None For details, please refer to page 14 “Notes to Consolidated Financial Statements 2. At the end of this post, you will find the download links Latest Deloitte IFRS Pocket 2019 Notes in the pdf format. 3. IFRS® Taxonomy 2019—Update 1 Interest Rate Benchmark Reform is issued by the International Accounting Standards Board (Board). Wiley IFRS 2019: Interpretation and application of IFRS standards PKF, Wiley, 2019 Reference manual providing full coverage of the latest standards and thorough guidance for implementation, featuring practical tools and insight from a practitioner's perspective. Share-based Payment. Facing new challenges 1 Overview2 1 Step 1 – Identify the contract with a customer 3 1.1 Criteria to determine whether a contract exists3 1.2 Contract term 14 1.3 Consideration received before a contract exists17 1.4 Combination of contracts 19 For the requirements reference must be made to International Financial Reporting Standards. View more. Impact of the major new standard. The IFRS Foundation's logo and the IFRS for SMEs® logo, the IASB® logo, the ‘Hexagon Device’, eIFRS®, IAS®, IASB®, IFRIC®, IFRS®, IFRS for SMEs®, IFRS Foundation®, International Accounting Standards®, International Financial Reporting Standards®, NIIF® and SIC® are registered trade marks of the IFRS Foundation, further details of which are available from the IFRS Foundation on request. … IFRS Viewpoint 4: June 2018 3 Although common control combinations are outside the scope of IFRS 3, in our view IFRS 3’s principles can be applied by analogy.” “ What is a common control combination? 3 PwC | IFRS overview 2019 Cash flow statements – IAS 7 49 Interim financial reporting – IAS 34 50 Service concession arrangements – SIC 29 and IFRIC 12 51 Industry-specific topics 52 Agriculture – IAS 41 53 Extractive industries – IFRS … Individual 'IFRS at a Glance' files per standard, which are consolidated into the following single document, are available further down the page. Study on the go. IFRS for SMEs at a glance These documents have been compiled to assist in gaining a high level overview of the International Financial Reporting Standard for Small and Medium … an acquisition or merger). Latest Deloitte IFRS Pocket 2019 Notes . Please remove any invalid characters ('', '+', '|'), links or URLs (e.g www.ifrs.org, http://www.ifrs.org) from the 'Your query' field and re-submit. IFRS ® 15 handbook . and related interpretations, and is applicable for the first time for entities with an annual reporting period beginning on or after 1 January 2019. The Board has not approved the summaries in this section, and they should not be relied on for preparing financial statements in conformity with IFRS Standards. In 2019, there are 16 IFRS and 29 IAS. Welcome to EY.com. The IFRS Foundation provides free access (through Basic registration) to the PDF files of the current year's consolidated IFRS® Standards (Part A of the Issued Standards—the Red Book), the Conceptual Framework for Financial Reporting and IFRS Practice Statements, as well as available translations of Standards. Wiley IFRS ® Standards 2019 is a revised and comprehensive resource that includes the information needed to interpret and apply the most recent International Financial Reporting Standards (IFRS ®) as outlined by the … Please complete the CAPTCHA field to verify you are human. Jun 30, 2019 Sept 30, 2019-2.1% AVERAGE USD/RUB EXCHANGE RATE • RUBLE STRENGTHENING BY 1.5% Y-O-Y WAS NOT FAVORABLE FOR EBITDA MARGIN • DURING 3Q2019 RUBLE ... 3Q2019 IFRS RESULTS 59.3 14.9 44.4 6.1 0.00 38.3 1.3 1.1 0.0 0.5 1.0 1.5 0 20 40 60 Total Debt Cash & equivalents Net Debt reported ST … Invalid characters in 'Your Query' field. Step 4 - Consider whether the acquired set of activities and assets has outputs. Step 3 - Consider how the fair value of gross assets acquired is concentrated. IFRS 16 . … replaces the requirements in IAS 17 . Leases. ... ACCOUNTING MISC - Fall 2019. EFFECTS OF HKFRS/IFRS 9, 15 AND 16 ON BUSINESS COMBINATION ACCOUNTING . The International Financial Reporting Standards Foundation is a not-for-profit corporation incorporated in the State of Delaware, United States of America, with the Delaware Division of Companies (file no: 3353113), and is registered as an overseas company in England and Wales (reg no: FC023235). Changes in Accounting Policies”. View IFRS 15 Modified 2. MODULE 3.pdf. International Financial Reporting Standard: IFRS: Noted: 1. For more information about what is provided for free and why, visit our unaccompanied Standards FAQ page. measurement requirements in IFRS for such transactions before the publication of IFRS 2 . Issued shares (including treasury shares): As of December 31, 2019 399,634,778 As of March 31, 2019 399,634,778 2. A business combination is a ‘common control combination’ if: • the combining entities are ultimately controlled by the … Download the iOS; Download the Android app. Step 5 - Consider if the acquired process is substantive. Disclaimer: To the extent permitted by applicable law, the Board and the IFRS Foundation (Foundation) expressly disclaim all liability howsoever arising from this publication or any IFRS 15 Revenue from Contracts with Customers Dr.Juma Humidat 2019/2020 Dr.Juma Humidat Objective The objective of 1.2. ifrs 3.2(b): ias 12 income taxes - recognition of deferred taxes when acquiring a single-asset entity that is not a business 10 1.3. ifrs 3.2(b): remeasurement of previously held interests 11 1.4. ifrs 3.2(c): ‘transitory’ common control 12 1.5. ifrs 3.2(c): associates and common control 12 1.6. These amendments … MODULE 6 Accounting for leases and specialized assets What you will learn IFRS 16 - Leases IAS 41 – ... ACCOUNTING MISC - Fall 2019. IFRS® Taxonomy 2020 Proposed Update 3 Interest Rate Benchmark Reform—Phase 2 Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 Comments to be received by 28 September 2020 Publication: Use of IFRS Standards around the world [PDF], How the IFRS Interpretations Committee helps support consistent application, Supporting materials for the IFRS for SMEs Standard, Conceptual Framework for Financial Reporting, IFRS 1 First-time Adoption of International Financial Reporting Standards, IFRS 5 Non-current Assets Held for Sale and Discontinued Operations, IFRS 6 Exploration for and Evaluation of Mineral Resources, IFRS 7 Financial Instruments: Disclosures, IFRS 10 Consolidated Financial Statements, IFRS 12 Disclosure of Interests in Other Entities, IFRS 15 Revenue from Contracts with Customers, IAS 1 Presentation of Financial Statements, IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors, IAS 20 Accounting for Government Grants and Disclosure of Government Assistance, IAS 21 The Effects of Changes in Foreign Exchange Rates, IAS 26 Accounting and Reporting by Retirement Benefit Plans, IAS 28 Investments in Associates and Joint Ventures, IAS 29 Financial Reporting in Hyperinflationary Economies, IAS 32 Financial Instruments: Presentation, IAS 37 Provisions, Contingent Liabilities and Contingent Assets, IAS 39 Financial Instruments: Recognition and Measurement, Practice Statement 1: Management Commentary, Practice Statement 2: Making Materiality Judgements. 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