Separate financial statements

Part 1 of ebook "Interpretation and application of UK GAAP for accounting periods commencing on or after 1 January 2015" provides readers with contents including: general requirements of the companies act 2006; the statutory audit requirement and accounting principles; the primary financial statements and disclosure notes; financial reporting for smaller companies; summary of the key differences between FRS 102 and ‘Old’ UK GAAP; consolidated and separate financial statements;...

266p mocthanhdao0210 19-11-2023 5 3   Download

Part 1 of ebook "Frequently asked questions in IFRS" provides readers with contents including: Chapter 1 - What is the role of the international accounting standards board (IASB)?; Chapter 2 - Frequently asked questions;...

290p mocthanhdao0210 19-11-2023 4 4   Download

Goodwill is the difference between the value of a business as a whole and the aggregate of the fair values of its separable net assets. Separable net assets are those assets (and liabilities) which can be identifiable and sold off separately without necessarily disposing of the business as a whole. They include identifiable intangibles such as patents, licences and trade marks.

21p nanhankhuoctai10 23-07-2020 9 1   Download

Chapter 2 - Financial statements IAS 1. The following will be discussed in this chapter: Related standards, purpose and components of financial statements, statement of financial position, statement of comprehensive income (this may be augmented by a separate income statement), statement of changes in equity,...

30p thuongdanguyetan03 18-04-2020 13 2   Download

Chapter 32 - Consolidated and separate financial statements: IAS 27. The main contents of the chapter consist of mains parts: Related standards, IAS 27, current GAAP comparisons, looking ahead, end-of-chapter practice.

31p thuongdanguyetan03 18-04-2020 6 2   Download

Whether all the notes appearing in the separate financial statements of the parent enterprise and its subsidiaries should be included in the notes to the consolidated financial statements.

4p shiwo_ding7 05-06-2019 37 2   Download

For preparing consolidated financialstatements, whether the tax expense (comprising current tax and deferred tax)should be recomputed in the context of consolidated information or the tax expense appearing in the separate financial statements of the parent and its subsidiaries should be aggregated and no further adjustments should be made for the purposes of consolidated financial statements.

1p shiwo_ding7 05-06-2019 20 1   Download

Chapter 8 - Segment and interim reporting. After studying this chapter, you should be able to: Understand how an enterprise determines its operating segments and the factors that influence this determination, apply the three tests that are used to determine which operating segments are of significant size to warrant separate disclosure, list the basic disclosure requirements for operating segments,...

16p dien_vi01 21-11-2018 22 0   Download

Chapter 8 - Segment and interim reporting. After studying this chapter, you should be able to: Understand how an enterprise determines its operating segments and the factors that influence this determination, apply the three tests that are used to determine which operating segments are of significant size to warrant separate disclosure, list the basic disclosure requirements for operating segments,...

16p luimotbuoc_4 11-11-2016 45 2   Download

Put options granted to non-controlling interests of subsidiaries are measured at the exercise price and classified as a financial liability, with a deduction from non-controlling interests on the consolidated statement of financial position at each reporting date.Prior to January 1, 2010, the effective date of IAS 27 (Amended) Consolidated and separate financial statements, where the exercise price exceeded the balance of non-controlling interests, the difference was recognized as an increase in the goodwill of the subsidiary.

344p tay_thi_le 19-02-2013 63 13   Download

In addition to independence, the accounting and financial expertise of members of boards and audit committees has also received widespread attention from the media and regulators. By the end of 2003, all major U.S. stock markets (NYSE, NASDAQ, and AMEX) started requiring that all members of the audit committee be financially literate and that at least one member have financial expertise. The rules assume that members with no experience in accounting or finance are less likely to be able to detect problems in financial reporting.

66p bin_pham 06-02-2013 70 5   Download

Examples of embedded derivatives which are not required to be separated A derivative embedded in an insurance contract is considered to be closely related to the host insurance contract if the embedded derivative and the host insurance contract are so interdependent that an entity cannot measure the embedded derivative separately. In this situation, an entity would not separate the embedded derivative.

259p bin_pham 06-02-2013 71 8   Download

IFRS 4 does not provide quantitative guidance for assessing the significance of insurance risk, because the IASB felt that creating an arbitrary dividing line would result in different accounting treatments for similar transactions that fall marginally on different sides of the line. When assessing the significance of insurance risk two factors should be considered. The insured event should have a sufficient probability of occurrence and a sufficient magnitude of effect. The probability and the magnitude are measured independently to determine the significance of the insurance risk.

44p bin_pham 06-02-2013 48 4   Download

Seagram acquired substantially all of the outstanding PolyGram shares. On that date, Philips received NLG 11,531 million in cash and 47,831,952 Seagram shares representing approximately 12% of the outstanding Seagram shares. The sale of PolyGram resulted in a gain of NLG 10,675 million, or NLG 29.65 per share, free of taxes. In order to gain insight into the Company’s cash flows, earnings capacity and financial position, the information about discontinued operations has been segregated from the information about continuing operations.

45p bin_pham 06-02-2013 56 3   Download

Any gain or loss from disposal of a segment of a business (product sector), together with the results of these operations until the date of disposal, are reported separately as discontinued operations. The financial information of a discontinued segment of business is excluded from the respective captions in the consolidated financial statements and related notes. Comparative figures for prior periods are restated accordingly.

57p bin_pham 06-02-2013 55 5   Download

Brian Snow is a river guide on the Columbia River. Typically brian takes tourists around 30 to 80 miles upriver. Round trip takes anywhere from 2 to 8 hours before returning to dock. Brian has noted that overall fuel costs vary based on “miles upriver” and he is considering changing his guide fee to separately charge customers for estimated fuel costs. Below Brian’s log for 15 typical days showing “miles upriver” and “total fuel cost”.

23p tuanloc_do 04-12-2012 76 7   Download

Mutual funds are not covered by the Canada Deposit Insurance Corporation, the Autorité des marchés financiers’ fonds d’assurance-dépôts (Québec) or other deposit insurance. However, there are some safeguards in place to help protect investors. For example, a mutual fund’s assets must be held separately by a third party called a custodian. This is usually a chartered bank or trust company. Also, an independent auditor reviews and reports on the fund’s financial statements each year.

20p quaivatdo 18-11-2012 58 5   Download

Chapter 3: Financial Audit The department also maintains demand deposit bank accounts, which are held separately from the State Treasury. Capital Assets Capital assets are not capitalized in the governmental funds used to acquire or construct them. Instead, capital acquisition and construction are reflected as expenditures in governmental funds, and the related assets are reported in the statement of net assets. Capital assets are recorded at cost on the date of acquisition, or if donated, at appraised value on the date of donation.

11p meobu4 13-01-2012 87 5   Download