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Ifrs Summary Essay

2712 words - 11 pages

Interna'onal
 Financial
 Repor'ng
  Standards
 

IFRS
 1
 
•  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  First-­‐'me
 adop'on
 of
 Interna'onal
 Financial
 Repor'ng
 Standards
 
 
  IFRS
 1
 applies
 
 
 
 
 -­‐-­‐>
 only
 when
 an
 en'ty
 adopts
 IFRSs
 
 
 
 
 -­‐-­‐>
 first
 'me
 
 
 
 
 
 
 First
 IFRS
 financial
 statements
 
 
 
 -­‐-­‐>
 first
 annual
 financial
 statements
 
 
 
 -­‐-­‐>
 (in
 which)
 
 
 
 -­‐-­‐>
 an
 en'ty
 adopts
 IFRSs
 
...view middle of the document...

 
 
 
 
 
 
 Three
 types:
 
 
 
 
 
 
 (1)
 equity-­‐seRled
 share-­‐based
 payment
 transac'ons
 
 
 
 
 
 
 (2)
 cash-­‐seRled
 share-­‐based
 payment
 transac'ons
 
 
 
 
 
 
 (3)
 share-­‐based
 payment
 transac'ons
 with
 a
 choice
 of
 seRlement
 
 
 
 
 
 
 Equity-­‐seRled
 share-­‐based
 payment
 transac'ons
 
 
 
 
 
 
 -­‐-­‐>
 increase
 in
 equity
 
 
 
 
 
 
 (1)
 measured
 by
 fair
 value
 of
 goods
 or
 services
 
 
 
 
 
 
 (2)
 if
 fair
 value
 of
 goods
 or
 services
 cannot
 be
 es'mated
 reliably,
 
 
 
 
 
 
 
 
 
 
 
 -­‐-­‐>
 fair
 value
 of
 equity
 instruments
 is
 used
 
 
 
 
 
 
 (3)
 fair
 value
 of
 equity
 instruments
 
 
 
 
 
 
 
 
 
 
 
 -­‐-­‐>
 based
 on
 market
 prices
 
 
 
 
 
 
 Cash-­‐seRled
 share-­‐based
 payment
 transac'ons
 
 
 
 
 
 
 -­‐-­‐>
 increase
 in
 liability
 
 
 
 
 
 
 (1)
 measured
 by
 fair
 value
 of
 liability
 
 
 
 
 
 
 Share-­‐based
 payment
 transac'ons
 with
 a
 choice
 of
 seRlement
 
 
 
 
 
 
 (1)
 to
 the
 extent
 that
 a
 liability
 is
 incurred
 
 
 
 
 
 
 
 
 
 
 
 -­‐-­‐>
 treat
 as
 a
 cash-­‐seRled
 share-­‐based
 payment
 transac'on
 
 
 
 
 
 
 (2)
 to
 the
 extent
 that
 no
 liability
 is
 incurred
 
 
 
 
 
 
 
 
 
 
 
 -­‐-­‐>
 treat
 as
 an
 equity-­‐seRled
 share-­‐based
 payment
 transac'on
 
 

IFRS
 3
 
•  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  •  Business
 Combina'ons
  Acquisi'on
 method
 for
 business
 combina'ons
 
 
 
 
 
 
 One
 of
 the
 en''es
 in
 business
 combina'on
 is
 iden'fied
 as
 the
 acquirer.
 
 
 
 
 
 
 Acquirer
 gains
 control
 of
 the
 acquiree.
 
 
 
 
 
 
 Others
 have
 non-­‐controlling
 interest
 in
 the
 acquiree.
 
 
 
 
 
 
 
 
 
 Assets
 acquired
 and
 liabili'es
 assumed
 
 
 
 
 
 
 -­‐-­‐>
 measured
 at
 fair
 value
 on
 acquisi'on
 date
 
 
 
 
 
 
 
 
 
 If
 (1)
 >
 (2)
 -­‐-­‐>
 paid
 more
 for
 goodwill
...

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