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Jefri Jeff
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Decks in this class (29)
CP 1 : The Objective of General Purpose Financial Reporting
Introduction the chapter is divid...,
Objective and usefulness 1the fra...,
Objective and usefulness 2existin...
26
cards
CP 2 : Qualitative Characteristics of Useful Financial Information
Introduction 1the framework state...,
Introduction 2chapter 3 of the fr...,
Introduction 3monetary amounts in...
36
cards
CP 3 : Financial Statements and Reporting Entity
Chapter 3 of the framework deals ...,
Financial statements financial st...,
Financial statements objective an...
22
cards
CP 4 : Elements of Financial Statements
Definition 1economic resources ri...,
Definition 2claims against an ent...,
Definition 3changes in economic r...
62
cards
CP 5 : Recognition and Derecognition
Definition recognition is describ...,
The recognition process 1recognit...,
The recognition process 2the stat...
44
cards
CP 6 : Measurement
Introduction 1elements recognised...,
Introduction 2the framework does ...,
Introduction 3this approach refle...
56
cards
CP 7 : Presentation and Disclosure, CP 8 : Concepts of Capital and Capital Maintenance
Introduction 1financial statement...,
Introduction 2 recognised assets ...,
Introduction 3effective communica...
36
cards
Purpose, Composition and Structure of Financial Statements
The purpose of financial statemen...,
The purpose of financial statemen...,
The purpose of financial statemen...
52
cards
Accounting Policies
Introductionthe selection and app...,
General principlesias 1 deals wit...,
General principles fair presentat...
95
cards
IAS 16 : Scope, Definition, Recognition
Scope 1all pp e is within the sco...,
Scope 2although the standard scop...,
Scope 3other standards may requir...
56
cards
IAS 16 : Measurement at Recognition (Initial Measurement)
Ias 16 draws a distinction betwee...,
The standard states that an item ...,
Elements of cost and cost measure...
56
cards
IAS 16 : Measurement After Recognition : Cost Model
Ias 16 allows one of two alternat...,
The first alternative is the cost...,
Significant parts of assets 1ias ...
42
cards
IAS 16 : Measurement After Recognition : Revaluation Model
If the revaluation model is adopt...,
There is no requirement for a pro...,
Valuation frequency is not prescr...
47
cards
Ias 16 : Derecognition and Disposal, Disclosure Requirements
Derecognition ie removal of the c...,
Ifrs 15 requires that revenue and...,
Accordingly the actual date of di...
27
cards
IAS 23 : Borrowing Costs
Scope 1an entity should apply ias...,
Scope 2the standard does not deal...,
Scope 3an entity is not required ...
72
cards
IAS 20 : Government Grants
Ias 20 applies in accounting for ...,
The standard regards the term gov...,
Government assistance 1government...
23
cards
IAS 40 : Investment Property
Definitions and scope 1an investm...,
Definitions and scope 2this means...,
Definitions and scope 3 owner occ...
114
cards
IAS 2 : Inventory
Under ifrs the relevant standard ...,
Under the historical cost account...,
Objectivethe objective of ias 2 i...
90
cards
IAS 10 : Events After Reporting Period
Ias 10 events after the reporting...,
This definition therefore include...,
The following timeline illustrate...
78
cards
IAS 41 : Agriculture
Agriculture related definitions 1...,
Agriculture related definitions 2...,
Agriculture related definitions 3...
111
cards
IAS 37 : Provisions, Contingent Liabilities and Contingent Assets
Definition 1liability a present o...,
Definition 2legal obligation an o...,
Definition 3contingent liability ...
165
cards
IAS 24 : Related Party Disclosures
Related party relationships and t...,
The related party issue the probl...,
Possible solutions re measurement...
100
cards
IAS 38 : Intangible Assets Part 1
Definition 1intangible asset an i...,
Definition 2identifiable an asset...,
Definition 3 cost the amount of c...
127
cards
IAS 38 : Intangible Assets Part 2
Internally generated intangible a...,
Internally generated goodwill 1ia...,
Internally generated goodwill 2th...
144
cards
IFRS 8 : Operating Segments
The main features of ifrs 8 1ifrs...,
The main features of ifrs 8 2athe...,
The main features of ifrs 8 2b a ...
135
cards
IAS 36 : Impairment Part 1
Introduction,
In principle an asset is impaired...,
The theory behind the impairment ...
107
cards
IAS 36 : Impairment Part 2
0
cards
IFRS 13 : Fair Value Part 1
Introduction and background,
The framework of ifrs 13 is based...,
The definition of fair value in i...
162
cards
IFRS 13 : Fair Value Part 2
Valuation techniques,
There are two key distinctions be...,
Secondly ifrs 13 does not priorit...
91
cards
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Conceptual Framework
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