Own credit

11 Best fair value measurements under IFRS 13

11 Best fair value measurements under IFRS 13 – Several IFRS standards provide guidance regarding the scope and application of for assets and liabilities. Here they are from 1 to 11…….

1 Investments in associates and joint ventures

Investments held by venture capital organizations and the like are exempt from IAS 28’s requirements … Read more

Conceptual framework 2018 Measurements

Conceptual framework 2018 measurements is part of the explanations on the revised Conceptual Framework for Financial Reporting (the Conceptual Framework 2018) issued in 2018 by IASB. It describes various measurement bases, the information they provide and factors to consider when selecting a measurement basis. The 2010 Conceptual Framework did not include much guidance on measurement.Conceptual framework 2018 Measurements

 Conceptual Framework 2018Conceptual framework 2018 Measurements

The concepts developed in the Conceptual Framework 2018 are: Conceptual framework 2018 Measurements

  1. The objective of financial reporting Conceptual framework 2018 Measurements
  2. Qualitative characteristics of useful financial information Conceptual framework 2018 Measurements
  3. Financial statements and the reporting entity Conceptual framework 2018 Measurements
  4. The elements of financial statements Conceptual framework 2018 Measurements
  5. Recognition and derecognition Conceptual framework 2018 Measurements
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Fair value through profit or loss

Financial assets measured at fair value through profit or loss 2. This is part of the classification of financial assets, representing the remaining or designated class of financial assets.

Presentation and disclosure

Presentation and disclosure are the terms used to describe how information about assets, liabilities, equity, income and expenses is provided in the accounts.

Fair value through other comprehensive income

Financial assets measured at fair value through other comprehensive income. This is part of the classification of financial assets.

Low credit risk financial instruments

Low credit risk financial instruments is an exception to the general ECL model that entities have the option not to assess whether credit risk has increased

Valuation techniques Income approach

Valuation techniques Income approach converts future amounts (cash flows or income and expenses) to a single current (i.e. discounted) exit price amount.

The way to IFRS 9 Financial Instruments

This is the way to IFRS 9 Financial Instruments, introducing the why? for this new IFRS standard. In July 2014 the International Accounting Standards Board (IASB) published the 4th and final version of IFRS 9 Financial Instruments.

The way to IFRS 9 Financial Instruments

This was the conclusion of a major project started in 2002 as part of the Norwalk Agreement (WIKI) between the IASB and US Financial Accounting Standards Board (FASB) as a long term reform of financial instrument accounting.

The project had been divided into three phases in order to allow a step by step approach. Once a phase was completed, the corresponding chapters were created in IFRS 9 and withdrawn from IAS 39 Financial Instruments: … Read more