INDEX
absence
of an IFRS
of regulation
access
accounting estimate
accounting estimate, changes in
according to IAS
example
accounting for joint ventures
accounting mismatch
accounting policies
changes in
first-time adopted international standards
selection and application of
accrual accounting
acquiree
employee benefit arrangements
income tax loss
acquirer
deferred tax assets
identification of
acquisition date
acquisition
of group of assets or net assets
of individual assets
of shares
acquisition and disposal of shares
example
acquisition date
acquisition-date fair value
acquisition-related costs
active market
activities of the entity
actual level of production
actuarial gains and losses
example
additional factors
additional indicators
adequacy test
adjusted statement of financial position
adjusting events
advances
agency relationship
agent
aggregated balance sheet
aggregated statement of comprehensive income
aggregated statement of financial position (aggregated balance sheet)
aggregation
aggregation criteria
agricultural activity
agricultural produce
agriculture
example
government grants
example
introduction and scope
example
measurement
recognition
allocation
to assets
for the period
allowance account for credit losses
alternative accounting methods
American call options
American option
fair value measurement
amortization
amortization method
amortized cost
amount of outflow
analysis of the age
ancillary services
arm’s length transactions
example
asset(s)
acquisition of
availability
characteristics
of foreign operation
held by long-term employee benefit funds
in individual foreign country
recognition of
associates
investment in
assumed transaction
availability of assets
available-for-sale financial assets
award credits
balance of equity, opening
balance sheet
balance sheet date
below-market interest rate
beneficial ownership
benefits
best estimate
best information available
binding sale agreement
binomial price tree
biological asset
biological transformation
bond (example)
borrowing costs
period of capitalization
example
specific and general borrowings
brand
building under construction
business activities
business combinations
accounting for, on acquisition date
classifications and designations
exception to the measurement rules
exception to the recognition rules
exceptions to the recognition and measurement rules
goodwill and gain on a bargain purchase
identifiable assets acquired and liabilities assumed
measurement
non-controlling interest
overview
recognition in the Statement of Financial Position
stages
consolidated financial statements, preparation of
deferred tax
example
examples
first-time adopted international standards
introduction and scope
measurement and accounting
measurement period
stages
example
transaction
taxation
business model
example
cap
capital consolidation
example
capitalization
commencement of
example
carrying amount of asset or liability, recovery or settlement
prohibition of discounting
carrying amounts
deduction from
determination
on initial recognition
reduction of
of related asset
that differ fromtheir fair values
cash
cash equivalents
cash flow hedge
cash flows
example
cash inflows
cash outflows
cash-generating unit (CGU)
cash-settled transactions
example
catastrophe provisions
ceiling
cessation of capitalization
cessation of trading
chief operating decision maker
claims
classification rules
closing rate method
CODM
co-signing, example
collateral
combination
commission
common control
comparability
other entities
same entity for another period
comparative information
comparative period
compensation
complete depiction
completion asset, ability
completion date
compliance with IFRSs
component accounting
example
component of an entity
compound financial instrument
comprehensive income
example
presentation of items before tax
reclassification
comprehensive interim report
comulative expense
conceptual framework
examples
condensed interim report
conditional grant
conditional obligation
confirmatory value
example
consideration transferred
example
consistency
of presentation
principle of
example
consolidated and separate financial statements
acquisition and disposal of shares
example
balance sheet date
‘control’
elimination of intragroup receivables and liabilities
example
elimination of intragroup income and expenses
example
elimination of intragroup profits and losses recognized in carrying amounts of assets
example
exposure or rights to variable returns
financial reporting without early application
investments in subsidiaries, jointly controlled entities, and associates
link between power and returns
non-controlling interests
power
preparation
consolidated financial statements
preparation of
consolidated statement of cash flows
consolidated statement of financial position
construction contracts
accounting from the contractor’s perspective
contract costs
contract revenue
determining stage of completion
percentage of completion method
presentation and disclosure
recognition of expected losses
reliable estimate of the outcome of
as revenue
short duration
uncertainties in collectability
example
contract with progress billing, examples
constructive obligation
contingent assets
contingent consideration
example
contingent liability
contingent rent
contract
work variations in
contract costs
in accordance with IAS
relation to future activity
contract revenue, adjustment of
contracting party
contractual arrangement
contractual cash flows
example
contractual rights
contractual-legal criterion
‘control’
acquirer
contractually agreed sharing of
over funds
control number
control of asset
control of goods
control premium
convertible bond
examples
example
conversion costs
core principle of IFRS
core statements
corporate assets
example
corridor method
cost approach
cost constraint
cost model
cost plus contract
cost-to-cost method
example
costs
abnormally high
chargeable to the customer
dismantling and removing the item and restoring the site, initial estimate
of maintaining the brand
replacement for part of an intangible asset
costs of equity transaction
example
costs to sell
country of domicile
credit
credit risk
fair value change and
cumulative income
cumulative inflation
current assets
current posting status
current prices in an active market
current rate method
current replacement cost
current service cost
current tax
example
customer
customer loyalty programs
examples
customer relationships
date
of transition to IFRSs
of authorization to issue financial statements
see also acquisition date
day-to-day servicing
debt instruments
decision maker
decision making
relevance of financial information and
usefulness in
decommissioning
example
decommissioning funds
deconsolidation
deductible temporary differences
outside basis differences
deemed cost
deferred income
deferred tax
assets or liabilities
deductible temporary differences
examples
first-time adopted international standards
measurement
outside basis differences vs. inside basis differences
presentation
recognition criteria
revaluations
taxable temporary differences
unrecognized deferred tax assets
unused tax losses and unused tax credits
deficit
defined benefit plans
defined contribution plan
demand deposits
demographic parameters
denominator
depreciable amount
example
depreciated cost
depreciation
cessation ceases when item held for sale
starts when item available for use
example
depreciation period
depreciation method
derecognition
of financial assets
examples
derivative
embedded in an insurance contract
development
dilution
dilutive effect
dilutive potential ordinary shares
direct expenditures arising from the restructuring
direct method
disclosure
about fair value measurements
disclosure of interests
in joint arrangements and associates
requirements
significant judgments and assumptions
in subsidiaries
in unconsolidated structured entities
disclosure requirements
discontinued operation
discount rate
determination
discounted basis
discounted benefits
discounted cash flow projections
discounting
discounting cash flows
discrete approach
discrete financial information
discretion
discretionary participation feature
disposal
of foreign operation
of assets
disposal costs
disposal group
held for sale
distributions
dividends
documentation
downstream transactions
dual-use property
earnings per share
basic
example
diluted
examples
introduction and scope
ordinary shares and potential ordinary shares
presentation and disclosure
economic benefits
economic best interest
economic life
effective interest method
effective interest rate
efforts-expended method
elect to use
embedded derivative
employee benefit plans
employee benefits
amendments (June 2011)
defined
examples
long-term
post-employment
example
short-term
termination benefits
example
see also retirement benefit plans
employee services
employee share options
accounting of
employees render service
engine, component accounting
entire reporting period
entity
interests
entity acting as a principal
example
entity acting as an agent
entry price
equalization provisions
equity
vs liabilities
equity instrument
equity interests
equity method
example
equity-settled transactions
examples
equity transactions
error, freedom from
estimated costs of completion
estimates, methods
estimation, reliable
European option
European Union
events after the acquisition date
events after the reporting period
exceptional rules
exchange difference
executory contracts
exercise date
exit price
expected cash flow approach
expected future operating losses
expected loss, recognized as an expense
expected value
expenditure
expense
not deductible for tax purposes, example
expense method vs. function of expense method, example
expiration date
exploration and evaluation
extraordinary items
fair presentation
fair value
at acquisition date
after recognition
change
of the consideration
definition
determination
of lease
less costs to sell
of the liability
option to designate through profit or loss
through other comprehensive income
through profit or loss
fair value adjustments
fair value basis
fair value changes
fair value differences
fair value gains
fair value hedge
fair value hierarchy
fair value losses
fair value measurement
application to liabilities and entity’s own equity instruments
application to non-financial assets
asset or liability
evaluation techniques
examples
framework
at initial recognition
inputs to valuation techniques
introduction
market participants
price
requirements
scope
transaction
fair value model
fair value option
for financial assets
financial liabilities
faithful representation
family members, close
favorable option to continue the lease
favorable purchase option
fictitious carrying amount
FIFO
finance charge
finance cost
finance expenses
finance income
finance lease
example
property leased under
financial asset
available for sale
carried at amortized cost
carried at cost
categories of
classification and measurement of
example
at fair value through profit or loss
financial derivatives
financial guarantee contracts
financial information
financial instruments
financial instruments: disclosures
carrying amounts
introduction
risks arising
significance, for financial position and performance
transfers of financial assets
financial instruments: presentation
convertible bond
examples
costs of an equity transaction
example
definition
equity vs liabilities
offsetting
scope
Treasury shares
example
financial instruments: recognition and measurement
financial guarantee contracts from the issuer’s perspective
hybrid contracts
with financial asset hosts
introduction hybrid or combined instruments
initial recognition
measurement
at amortized cost: determining the effective interest rate
derivatives and financial instruments held for trading
determining fair values after recognition
impairment losses and reversals of impairment losses
example
initial measurement
presentation of fair value gains and losses
scope
subsequent measurement
of financial assets
examples
of financial liabilities
example
hedge accounting
examples
financial liabilities
example
at fair value through profit or loss
categories of
measurement at amortized cost
financial parameters
financial performance
financial position
financial reporting
financial risk
financial statements, elements of
financing activities
financing element
finished goods
firm commitment
to purchase or sell goods or services
first IFRS financial statements
first IFRS reporting period
first-time adopter
fixed costs
fixed price contract
fixed production overheads
floor
forecast
forecast transaction
foreign country
foreign currency reserve
foreign currency risk of firm commitment
foreign currency transactions
foreign currency translation
example
foreign exchange rates, effects of changes in
current rate (or closing rate) method
example
disposals or partial disposals of foreign operations
financial statements of foreign operations
foreign currency translation
example
initial recognition
monetary vs. non-monetary items
example
translation of foreign currency transactions
foreign operation
forgivable loan
Framework criteria
freedom from error
frequency of reporting
full cost method
full goodwill option
function of expense method (cost of sales method)
example
functional currency
further adjustments
future cash flows
future economic benefits
future events
future periods
gain
attributed to the acquirer
on bargain purchase
on disposal
from fluctuation in the fair value of the residual to lessee
gain or loss
on derecognition
on disposal
from remeasurement
general borrowings
general recognition criteria for provisions
geographical information
going concern
example
goods
goodwill
allocation to CGUs
business combination
calculation of
decrease or increase in
determination
example
impairment losses
internally generated
multi-level impairment test
negative, example
option
in statement of financial position
government
government grants
agriculture
example
biological assets measured at fair value less costs to sell
grants related to income
example
presentation
recognition and measurement
related to assets
example
repayment
examples
government loan
grant date
granting entity
grants see government grants
gross amount due
from customers
to customers
gross method
group of assets
harvest
hedge accounting
discontinuation of
hedge effectiveness
hedged forecast transaction
held for sale
held for trading
example
held-to-maturity investments
historical cost
history of recent losses
host
human capital
example
hybrid contracts
with financial asset hosts
introduction hybrid or combined instruments
hybrid/combined instrument
hyperinflationary economies, financial reporting in
foreign operations: “7-step-approach”
reporting period
identifiability
identifiability of asset
idle
if-converted method
immaterial
impairment
cost model applied
intangible assets
impairment loss
impairment losses and reversals of impairment losses
example
impairment of assets
estimating the future cash flows
fair value less costs to sell
general aspects
introduction and scope
impairment testing
incentives for lessee
inception of the lease
income
revenue as
income approach
income taxes
example
incorporated equity method
incremental costs, directly attributable
independent appraiser
indicators of finance lease
indirect method
information, transactions and outstanding balances
initial amount of revenue, agreed
initial direct costs
initial net investment
initial recognition
of goodwill
input measures
insufficient taxable temporary differences
insurance contracts
financial reporting
introduction and scope
example
insurance liability
insurance risk
intangible assets
acquisition as part of a business combination
definition
derecognition
impairment
internally generated
measurement after recognition
cost model and revaluation model
intangible assetswith finite useful lives
intangible assetswith indefinite useful lives
prohibitions of capitalization
recognition and initial measurement
scope
example
separate acquisition of
integral approach
intended sale of a single item
intention to complete asset
interest
interest and redemption payments
interest cost
interest expense
interest rate
implicit in lease
interest revenue
interim financial reporting
content
components
discrete approach vs. integral approach
example
independence of the annual result from the frequency of reporting
example
materiality
periods and dates to be presented in interim reports
example
quantity component and price component
example
recognition and measurement
interim financial statements
interim period
internal management reports
internal transfer prices
international financial reporting standards, first-time adoption
accounting policies
business combinations
deferred tax
exceptions to retrospective IFRSS applications
exemptions from other IFRSS (optional)
foreign currency reserve
introduction and scope
measurement of property, plant, and equipment
presentation and disclosure375
recognition and measurement
interpretation of rules and terms
intragroup balances, transactions, income, and expenses
intrinsic value
inventories
costs of conversion of finished goods, example
costs of purchase - financing element, example
measurement
examples
presentation and derecognition
scope
inventory produced
inventory risk
investing activities
investment property
classification of property
concept
cost model
decommissioning, restoration, and similar liabilities
derecognition
dual-use property
fair value model
example
measurement after recognition
measurement at recognition
presentation
recognition
under construction
irrefutable presumption
issue shares
item by item
job classifications
job functions
joint arrangements
assessing joint control
consolidated financial statements of parties to
examples
separate financial statements of parties to
structure
types
joint control
joint operation
joint operator
joint ventures, interests in
accounting treatment in the financial statements of the venturer
definition
forms of
investment in
jointly controlled assets
jointly controlled entities
jointly controlled operations
justification of changes
key management personnel
compensation
land, revaluation of
lease discount rate determination
lease income
lease liability
lease payments
lease term, commencement of
lease term test
leased asset
leases
classification
definitions relating to time
finance lease
example
minimum payments
operating leases
example
option to continue
primary lease classification criteria
sale and leaseback transactions
example
legal obligation
lessee
accounting by
discount rate as the lessor
incremental borrowing rate
lessor
leverage
liability
characteristics
credit risk
current vs. non-current, example
of foreign operation
individual
on the measurement date
recognition of
license fees
example
linear relation, approximate
linked transactions
liquidation
liquidity risk
example
loans and receivables
loans payable, defaults and breaches of
locations of jobs
long-term employee benefits
long-term loan arrangement, breach of provision of
loss events
loss of control
losses
cancellation of lease
continuing
on disposal
fluctuation in the fair value of the residual to lessee
main transaction
major customer
major inspection
mandatory
market approach
market-based measurement
market condition
market risk
matching of revenues and expenses
matching principle
material
material assets
materiality
materials and supplies
matrix organization
maturity analysis
measurement
after recognition
agriculture
at cost
deferred tax
group basis
hierarchy
individual basis
interim income tax expense
items in financial statements
of property, plant and equipment
options
at recognition
reliable
revenue
see also fair value measurement; financial instruments: recognition and measurement
measurement period
adjustments
end
merchandise
method of translation
mezzanine financing
mid-point of the range
mineral resources
financial reporting
introduction and scope
example
stripping costs in the production phase of a surface mine
minimum required proportion
minority veto rights lapse
mixed measurement model
monetary assets
monetary items
monetary/non-monetary method
multiple element transactions
nature of expense method
negative goodwill
net assets
net defined benefit liability (asset)
net gains
net interest
calculation of
on net defined benefit liability (asset)
net investment in the lease
net losses
net method
net realizable value
neutral depiction
nominal amount
non-adjusting events
non-cancellable period
non-cash expenses
example
non-cash income
non-cash investing and financing transactions
non-controlling interest
example
non-current asset (or disposal group)
non-current assets held for sale and discontinued operations
changes to a plan of sale
classification as “held for sale”
example
disposal groups held for sale
example
introduction and overview
measurement
example
presentation
presentation of discontinued operations
example
scope
non-financial assets,
fair value measurement
non-financial underlying
non-monetary asset
non-monetary items
non-performance risk
nonvesting conditions
notes
number of assets
number of employees
numerator
objective
of business model
of general purpose financial reporting
objective condition
objective evidence
of impairment (loss events)
obligations for the liabilities
observable inputs
observable market
offsetting
current tax liabilities
financial assets and financial liabilities
prohibition
one-line adjustment of equity
onerous contracts
ongoing payments
operating activities
operating expenses
operating lease
example
operating segments
aggregation
amounts to be disclosed
and chief operating decision maker
disclosure requirements
disclosures
entity-wide
introduction
quantitative thresholds
reconciliations
remaining
reportable segments
example
scope
segment assets and segment liabilities
segment profit or loss
orderly transaction
ordinary activities held for rental to others
ordinary share
other comprehensive income
outflow of resources
output measures
outstanding liability, reduction of
overriding principle
example
own shares
owner-occupied items of property, plant, and equipment
fair value measurement
‘owners’
par value method
parent
partial disposal
parts replaced
past due
past events
payments of interest and principal
percentage of completion method (PoC method) see stage of completion
performance
performance conditions
period of service
periodic unwinding of discount
permit transferring the cumulative remeasurements within equity
perpetual bonds
person
physical proportions
plant and equipment see property, plant and equipment
point of harvest
poorer-richer-rule
portfolios
possible asset
possible obligation
post-employment benefits
example
potential ordinary shares
potential voting rights
power
pre-existing relationship
preceding period, comparative information for
predictive value
example
present obligation
present value
of defined benefit obligation
of lease
present value of the minimum lease payments
determination
vs fair value
present value test
presentation of financial statements
components
examples
fair presentation
general principles
going concern
introduction and scope
structure and content of components
presentation requirements
price
price establishment, latitude in
primary indicators
primary responsibility
primary users
principal
principal market
prior period errors
correction of
prospectively
retrospectively
prior periods
pro rata
product, revenues from external customers for
production
significantly exceeding normal capacity
significantly lower than normal capacity
profit or loss
accounting estimates, changes in
profits and losses, intragroup, elimination of
example
progress billings
prohibition
capitalization of expenditure initially recognized as an expense
discounting
to offset reinsurance contracts
projected unit credit method
example
property, plant, and equipment
component accounting
example
cost model and revaluation model
decommissioning, restoration, and similar liabilities, changes in
example
depreciable amount
example
depreciation
example
depreciation period
depreciation method
derecognition
disposal (example)
examples
finance lease
first-time adoption of international standards
impairment
measurement after recognition
measurement at recognition
recognition as asset
revaluation (example)
proportionate consolidation
proportionate share
prospective basis
protective rights
provisional amounts
provisions
changes in
for decommissioning, restoration, and similar obligations
example
definition and recognition of provisions
measurement
examples
past event
probability of an outflow of resources
reimbursements
reliable estimate of the amount of the obligation
restructurings
example
scope
specific issues
prudence
public at large
public market
purchase costs
purchasing power account
purpose and design
qualifying asset
example
qualifying insurance policies
qualitative characteristics
enhancing
qualitative criteria
quantitative thresholds
quoted price
re-presentation
reacquired right
real estate
reasonable assurance
reasonable presumptions
reasonably certain
rebuttable presumption
receivable
reclassification
adjustments
of financial assets
recognition
of assets
at cost model
criteria
financial assets and financial liabilities
of individual assets and liabilities
of intangible asset in the statement of financial position, example
measured at cost
in other comprehensive income
in profit or loss on a systematic basis, government grant
principle
reimbursements
of revenue
of sale of goods
in statement of financial position
recognition of deferred tax asset
example
reconciliations
recoverable amount
redundancy payments
refundable purchase taxes
regular major inspections
reimbursement
reinsurance assets
related party
related party disclosures
application in consolidated financial statements
disclosures
example
introduction
related parties and relationships with them
examples
related party relationship
related party transaction
relative fair value method
relevance of information
relevant activities
reliability
reliable estimate
‘relief from royalty method’
example
remeasurements
of net defined benefit liability assets
of profit or loss
rendering of services
replaced part
replacement cost techniques
reportable segments
example
repurchases
research
research and development costs, examples
research phase
residual value
residual value method
resources
restoration
example
restrictive criteria
restructuring plan
retail method
retained earnings
retention of title
retirement benefit plans
defined contribution plans
measurement of the obligation
plan assets
presentation
retrospective adjustment
deferred tax
of goodwill
retrospective application of accounting policy
example
retrospective basis
retrospective restatement
example
revaluation model
revaluation surplus
revenue
customer loyalty programs
examples
example
from external customers
interest, royalties, and dividends
measurement
multiple element transactions and linked transactions
rendering of services
sale of goods as
reversal of impairment loss
reverse acquisition
revision of accounting estimates
rewards
rights
to assets
examples of
to net assets
and obligations
risk of changes in cash flows
risk of changes in fair value
risks
significant
royalties
sale and leaseback transactions
example
sale of an operation
sale on credit
example
sales commissions
securing the contract
selling
selling costs
sensitivity analysis
‘separability’
separate asset
separate financial statements
Separate Income Statement
separate line item
separate transactions
separate vehicle
service conditions
service contracts
service, revenues from external customers for
services
servicing component
example
settlement at a future date
settlement within equity
share-based payment
introduction
scope
share of changes in equity
share of the investor in the associate
share option
granting of
shareholder’s right
shares
acquisition of
“available for sale”
short-term employee benefits
significant cost
significant influence
significant restrictions
significant risks and rewards
single asset
single obligation
single statement of comprehensive income
according to nature of expense method
software
special purpose entities (SPEs)
spot exchange rate
stage of completion
stages of completion
stand-alone asset or liability
standard costs
start-up costs
statement of cash flows
examples
preparation
example
special topics
statement of changes in equity
example
statement of compliance
statement of comprehensive income
example
single
two statements
statement of financial position (balance sheet)
adjusted
opening
step acquisition
stepping stone standard
stipulated milestones
straight-line basis
straight-line method
stripping
structured entity
example
subjective condition
subsequent costs
subsequently transfer to profit or loss
subsidiaries
acquisitions and disposals (example)
disclosure of interest
investments in
substance of the relationship
substance over form
retention of title, example
substantive rights
successful efforts method
sufficient taxable temporary differences
summary of financial information
supplier
supportable presumptions
surplus
suspension of capitalization
systematic basis
target posting status
tax amortization benefit
example
tax laws
tax rates
tax reconciliation
taxable temporary differences
taxable temporary outside basis differences
technical feasibility of completing asset
temporary differences
termination benefits
example
termination of employee’s employment
time value
timeliness
timing of outflow
total comprehensive income
total unrecognized commitments
trade discounts
trade rebates
traditional approach
transaction costs
transaction price
transactions
transfer
of ownership of lease
transfer to market participant
transferee
translation
of financial statements of foreign operations to another currency
of foreign currency transactions
transport costs
Treasury shares
example
Treasury stock method
triggering event
TV rights, example
unanimous consent
unavoidable costs
unavoidable obligation
unbundling of the insurance
uncertainty
unconditional grant
unconditional obligation
underlying, change from
understandability
unguaranteed residual value
unit of account
units of production method
unobservable inputs
unwinding of the discount
upstream transactions
useful life
valuation models
value in use
variable interest rate
variable overheads
variable production overheads
variable returns
verifiability
vesting
vesting conditions
which are market conditions
which are not market conditions
vesting date
vesting period
volume rebates
voting power
indirect (example)
voting rights
examples
potential
waste management costs
website
weighted average cost formula
work in progress
written call options