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IFRS 2 Flashcards

1
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Course outline

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2
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IFRS 15 Revenue from Contracts with Customers–Definitions

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3
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IFRS15– Exercise: Revenue Recognition Principle

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4
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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
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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
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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
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IFRS 15-Step 2: Identify performance obligations

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10
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IFRS 15: Step 3: Determine the transaction price

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11
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IFRS 15: Exercise Step 3: Determination of the transaction price

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12
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IFRS 15: Exercise Step 3: Determination of the transaction price

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13
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IFRS 15: Exercise Step 3: Determination of the transaction price („constraint)

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14
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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
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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
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IFRS 15: Exercise presentation: Contract liability

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19
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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
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IFRS 15 Revenue from Contracts with Customers–Disclosure

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21
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IAS 38 Intangible Assets—2.1 Scope

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22
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IAS 38 Intangible Assets—2.2 Definitions

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23
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IAS 38 Intangible Assets–2.3 Recognition Criteria

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24
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IAS 38 Intangible Assets—2.4 Initial Measurement

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IAS 38 Intangible Assets---2.5 Subsequent Measurement
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IAS 38 Intangible Assets----2.6 Amortisation
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IAS 38- Intangible Assets--2.7 Impairment
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IAS 38 Intangible Assets---2.8 Disclosur
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IAS 16 Property, Plant and Equipment----3.1 Scope, objective and definition
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IAS 16 Property, Plant and Equipment----3.2 Recognition
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IAS 16 Property, Plant and Equipment---3.3 Measurement after recognition
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IAS 16 Property, Plant and Equipment---3.4 Impairment overview
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IAS 16 Property, Plant and Equipment---3.5 Derecognition
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IAS 16 Property, Plant and Equipment---3.6 Compensation for impairment, loss or surrender
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IAS 16 Property, Plant and Equipment---3.7 Disclosure
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IAS 36 Impairment of Assets---4.1 Purpose
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IAS 36 Impairment of Assets----4.2 Principles
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IAS 36 Impairment of Assets--4.3 Impairment
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IAS 36 Impairment of Assets---4.3 Impairment
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IAS 36 Impairment of Assets---4.3 Impairment
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IAS 36 Impairment of Assets---4.4 Disclosures
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IFRS 16 Leases--Introduction
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IFRS 16 introduces major changes in lessees accounting
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IFRS 16 Leases---Definitions
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IFRS 16 Leases---Identification of a lease
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IFRS 16 Leases---Determination of the relevant lease term
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IFRS 16 Leases: Lease acconting – overview
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IFRS 16 Leases---Lessor Accounting
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IFRS 16 Leases--Lessee Accounting
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IFRS 16 Leases--Initial measurement of the lease payments
Initial measurement of the lease liability
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IFRS 16 Leases--Initial measurement of the right-of-use asset
Summary: Various factors to be considered for the correct application of lease-accounting
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IFRS 16 Leases--Disclosures – Lessee (IFRS 16.51 ff.)
IFRS 16 Leases--Disclosures – Lessor (IFRS 16.89 ff.)
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IFRS 16--Summary
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IFRS 9 Financial Instruments
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IFRS 9 Financial Instruments--6.2 Scope 6.2.1 Relevant Standards
6.2.1 Relevant Standards (focus of this lecture)
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IFRS 9 Financial Instruments--6.2 Scope 6.2.2 Application of IFRS 9
IFRS 9 Financial Instrument---6.2 Scope 6.2.3 Scope Exclusions
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IFRS 9 Financial Instruments---6.3 Definitions
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IFRS 9 Financial Instruments 6.4 Recognition
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IFRS 9 Financial Instruments 6.5 Classification
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IFRS 9 Financial Instruments---6.5 Classification
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IFRS 9 Financial Instruments--6.5 Classification of debt instruments – examples:
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IFRS 9 Financial Instruments----6.6 Measurement 6.6.1 Initial measurement
6.6 Measurement---6.6.2 Subsequent measurement
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IFRS 9 Financial Instruments----6.7 Impairment
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Example---- IFRS 9 Financial Instruments 6.7 Impairment
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IFRS 9 Financial Instruments---6.8 Derecognition
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IFRS 9 Financial Instruments--6.8 Example
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IFRS 9 Financial Instruments---6.9 Disclosures
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IFRS 9 Financial Instruments---Classification – Exercise 1
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IFRS 9 Financial Instruments--Classification – Exercise 2
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IFRS 9 Financial Instruments---Classification – Exercise 3
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IFRS 9 Financial Instruments---Measurement – Exercise 1
 Loss Allowance
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IFRS 9 Financial Instruments---Measurement – Exercise 2
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IAS 2 Inventories--7.1 Scope
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IAS 2 Inventories--7.2 Measurement
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IAS 2 Inventories---7.3 Cost
7.3.1 Case Study- Cost of Inventory
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IAS 2 Inventories---7.4 Net realisable value
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IAS 2 Inventories--7.5 Disclosure
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IAS 2 Inventories---7.6 Multiple Choice Questions
IAS 2 Inventories 7.6 Multiple Choice Questions
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IAS 2 Inventories 7.6 Multiple Choice Questions
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IAS 37 Provisions, Contingent Liabilities and Assets 8.1 Scope
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IAS 37 Provisions, Contingent Liabilities and Assets 8.2 Definition 8.2.1 Definitions used in IAS 37
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IAS 37 Provisions, Contingent Liabilities and Assets 8.3 Recognition
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IAS 37 Provisions, Contingent Liabilities and Assets 8. 3 Recognition 8. 3.6 Case Study
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IAS 37 Provisions, Contingent Liabilities and Assets 8.4 Measurement 8.4.1 A reliability issue
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IAS 37 Provisions, Contingent Liabilities and Assets 8. 4 Measurement 8. 4.2 Case Study- Measurement of Provisions
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IAS 37 Provisions, Contingent Liabilities and Assets 8.5 Application
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IAS 37 Provisions, Contingent Liabilities and Assets 8.5 Application 8.5.3 Case Study- Onerous Contracts
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IAS 37 Provisions, Contingent Liabilities and Assets 8.6 Disclosure
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IAS 37 Provisions, Contingent Liabilities and Assets 8.7 Multiple Choice Questions
8.7 Multiple Choice Questions
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IAS 37 Provisions, Contingent Liabilities and Assets 8.7 Multiple Choice Questions
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IAS 12 Income Taxes 9.1 Objective, General Idea and Key Definitions
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IAS 12 Income Taxes 9.2 Income Taxes
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IAS 12 Income Taxes 9.2 Income Taxes
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IAS 12 Income Taxes 9.2 Income Taxes
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练习题 IFRS 15 Revenue from Contracts with Customers
2. Identification of performance obligations (step 2)
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练习题 IFRS 15 Revenue from Contracts with Customers 2 3. Identify performance obligations & allocate transaction price (steps 2-4)
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练习题 IFRS 15 Revenue from Contracts with Customers 3
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IAS 38 Intangible Assets 练习题
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练习题 IAS 16 Property, Plant and Equipment 17. Recognition: directly attributable costs
18. Recognition: subsequent costs
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IFRS 16 Leases 练习题 24. Identification of a lease
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练习题 IAS 2 Inventories 26. Cost of inventory
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练习题 IAS 2 Inventories 27. Cost formulas (FIFO)
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练习题 IAS 37 Provisions, Contingent Liabilities and Assets 32. Measurement
34. Restructuring
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练习题 IAS 37 Provisions, Contingent Liabilities and Assets 35. Contingent liability

Tessa S2 (18 decks)

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