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IFRS 2 Flashcards

1
Q

Course outline

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2
Q

IFRS 15 Revenue from Contracts with Customers–Definitions

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3
Q

IFRS15– Exercise: Revenue Recognition Principle

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4
Q

IFRS 15–Case Study – Analysis of a more complex contract with a customer

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5
Q

Objective of IFRS 15

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Background: New rules provided by IFRS 15

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6
Q

IFRS 15: Core principle and revisions

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Five-step-model of revenue recognition according to IFRS 15

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7
Q

IFRS 15 Revenue from Contracts with Customers
Step 1: Identify the contract

Exercise

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8
Q

IFRS 15: Explicit scope-outs (IFRS 15.5)

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9
Q

IFRS 15-Step 2: Identify performance obligations

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10
Q

IFRS 15: Step 3: Determine the transaction price

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11
Q

IFRS 15: Exercise Step 3: Determination of the transaction price

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12
Q

IFRS 15: Exercise Step 3: Determination of the transaction price

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13
Q

IFRS 15: Exercise Step 3: Determination of the transaction price („constraint)

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14
Q

IFRS 15: Exercise Step 3: Singificant financing component – Time value of money

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15
Q

IFRS 15:Step 4: Allocate the transaction price to performance obligations

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16
Q

IFRS 15:Step 5: Recognize revenue (as performance obligations are satisfied)

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17
Q

IFRS 15 Revenue from Contracts with Customers–Presentation

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18
Q

IFRS 15: Exercise presentation: Contract liability

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19
Q

IFRS 15:Exercise: Concluding 5-step example

• Assume that Airbus (FRA) Corporation signs a contract to sell airplanes to Lufthansa (GER) for € 100 million.

Analyse the contract under the 5-step model for revenue recognition of IFRS 15

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20
Q

IFRS 15 Revenue from Contracts with Customers–Disclosure

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21
Q

IAS 38 Intangible Assets—2.1 Scope

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22
Q

IAS 38 Intangible Assets—2.2 Definitions

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23
Q

IAS 38 Intangible Assets–2.3 Recognition Criteria

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24
Q

IAS 38 Intangible Assets—2.4 Initial Measurement

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25
Q

IAS 38 Intangible Assets—2.5 Subsequent Measurement

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26
Q

IAS 38 Intangible Assets—-2.6 Amortisation

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27
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IAS 38- Intangible Assets–2.7 Impairment

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28
Q

IAS 38 Intangible Assets—2.8 Disclosur

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29
Q

IAS 16 Property, Plant and Equipment—-3.1 Scope, objective and definition

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30
Q

IAS 16 Property, Plant and Equipment—-3.2 Recognition

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31
Q

IAS 16 Property, Plant and Equipment—3.3 Measurement after recognition

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32
Q

IAS 16 Property, Plant and Equipment—3.4 Impairment overview

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33
Q

IAS 16 Property, Plant and Equipment—3.5 Derecognition

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34
Q

IAS 16 Property, Plant and Equipment—3.6 Compensation for impairment, loss or surrender

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35
Q

IAS 16 Property, Plant and Equipment—3.7 Disclosure

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36
Q

IAS 36 Impairment of Assets—4.1 Purpose

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37
Q

IAS 36 Impairment of Assets—-4.2 Principles

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38
Q

IAS 36 Impairment of Assets–4.3 Impairment

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39
Q

IAS 36 Impairment of Assets—4.3 Impairment

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40
Q

IAS 36 Impairment of Assets—4.3 Impairment

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41
Q

IAS 36 Impairment of Assets—4.4 Disclosures

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42
Q

IFRS 16 Leases–Introduction

43
Q

IFRS 16 introduces major changes in lessees accounting

44
Q

IFRS 16 Leases—Definitions

45
Q

IFRS 16 Leases—Identification of a lease

46
Q

IFRS 16 Leases—Determination of the relevant lease term

47
Q

IFRS 16 Leases: Lease acconting – overview

48
Q

IFRS 16 Leases—Lessor Accounting

49
Q

IFRS 16 Leases–Lessee Accounting

50
Q

IFRS 16 Leases–Initial measurement of the lease payments

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Initial measurement of the lease liability

51
Q

IFRS 16 Leases–Initial measurement of the right-of-use asset

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Summary: Various factors to be considered for the correct application of lease-accounting

52
Q

IFRS 16 Leases–Disclosures – Lessee (IFRS 16.51 ff.)

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IFRS 16 Leases–Disclosures – Lessor (IFRS 16.89 ff.)

53
Q

IFRS 16–Summary

54
Q

IFRS 9 Financial Instruments

55
Q

IFRS 9 Financial Instruments–6.2 Scope
6.2.1 Relevant Standards

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6.2.1 Relevant Standards (focus of this lecture)

56
Q

IFRS 9 Financial Instruments–6.2 Scope
6.2.2 Application of IFRS 9

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IFRS 9 Financial Instrument—6.2 Scope
6.2.3 Scope Exclusions

57
Q

IFRS 9 Financial Instruments—6.3 Definitions

58
Q

IFRS 9 Financial Instruments
6.4 Recognition

59
Q

IFRS 9 Financial Instruments
6.5 Classification

60
Q

IFRS 9 Financial Instruments—6.5 Classification

61
Q

IFRS 9 Financial Instruments–6.5 Classification of debt instruments – examples:

62
Q

IFRS 9 Financial Instruments—-6.6 Measurement
6.6.1 Initial measurement

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6.6 Measurement—6.6.2 Subsequent measurement

63
Q

IFRS 9 Financial Instruments—-6.7 Impairment

64
Q

Example—- IFRS 9 Financial Instruments
6.7 Impairment

65
Q

IFRS 9 Financial Instruments—6.8 Derecognition

66
Q

IFRS 9 Financial Instruments–6.8 Example

67
Q

IFRS 9 Financial Instruments—6.9 Disclosures

68
Q

IFRS 9 Financial Instruments—Classification – Exercise 1

69
Q

IFRS 9 Financial Instruments–Classification – Exercise 2

70
Q

IFRS 9 Financial Instruments—Classification – Exercise 3

71
Q

IFRS 9 Financial Instruments—Measurement – Exercise 1

A

 Loss Allowance

72
Q

IFRS 9 Financial Instruments—Measurement – Exercise 2

73
Q

IAS 2 Inventories–7.1 Scope

74
Q

IAS 2 Inventories–7.2 Measurement

75
Q

IAS 2 Inventories—7.3 Cost

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7.3.1 Case Study- Cost of Inventory

76
Q

IAS 2 Inventories—7.4 Net realisable value

77
Q

IAS 2 Inventories–7.5 Disclosure

78
Q

IAS 2 Inventories—7.6 Multiple Choice Questions

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IAS 2 Inventories
7.6 Multiple Choice Questions

79
Q

IAS 2 Inventories
7.6 Multiple Choice Questions

80
Q

IAS 37 Provisions, Contingent Liabilities and Assets
8.1 Scope

81
Q

IAS 37 Provisions, Contingent Liabilities and Assets
8.2 Definition 8.2.1 Definitions used in IAS 37

82
Q

IAS 37 Provisions, Contingent Liabilities and Assets
8.3 Recognition

83
Q

IAS 37 Provisions, Contingent Liabilities and Assets

  1. 3 Recognition
  2. 3.6 Case Study
84
Q

IAS 37 Provisions, Contingent Liabilities and Assets
8.4 Measurement 8.4.1 A reliability issue

85
Q

IAS 37 Provisions, Contingent Liabilities and Assets

  1. 4 Measurement
  2. 4.2 Case Study- Measurement of Provisions
86
Q

IAS 37 Provisions, Contingent Liabilities and Assets
8.5 Application

87
Q

IAS 37 Provisions, Contingent Liabilities and Assets
8.5 Application 8.5.3 Case Study- Onerous Contracts

88
Q

IAS 37 Provisions, Contingent Liabilities and Assets
8.6 Disclosure

89
Q

IAS 37 Provisions, Contingent Liabilities and Assets
8.7 Multiple Choice Questions

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8.7 Multiple Choice Questions

90
Q

IAS 37 Provisions, Contingent Liabilities and Assets
8.7 Multiple Choice Questions

91
Q

IAS 12 Income Taxes
9.1 Objective, General Idea and Key Definitions

92
Q

IAS 12 Income Taxes
9.2 Income Taxes

93
Q

IAS 12 Income Taxes
9.2 Income Taxes

94
Q

IAS 12 Income Taxes
9.2 Income Taxes

95
Q

练习题 IFRS 15 Revenue from Contracts with Customers

A
  1. Identification of performance obligations (step 2)
96
Q

练习题 IFRS 15 Revenue from Contracts with Customers 2

  1. Identify performance obligations & allocate transaction price (steps 2-4)
97
Q

练习题 IFRS 15 Revenue from Contracts with Customers 3

98
Q

IAS 38 Intangible Assets 练习题

99
Q

练习题 IAS 16 Property, Plant and Equipment

  1. Recognition: directly attributable costs
A
  1. Recognition: subsequent costs
100
Q

IFRS 16 Leases 练习题

  1. Identification of a lease
101
Q

练习题 IAS 2 Inventories

  1. Cost of inventory
102
Q

练习题 IAS 2 Inventories

  1. Cost formulas (FIFO)
103
Q

练习题 IAS 37 Provisions, Contingent Liabilities and Assets

  1. Measurement
A
  1. Restructuring
104
Q

练习题 IAS 37 Provisions, Contingent Liabilities and Assets

  1. Contingent liability

Tessa S2 (18 decks)

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