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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 1 2,
Objective and usefulness 2 3
26
cards
CP 2 : Qualitative Characteristics of Useful Financial Information
Introduction 1 the framework stat...,
Introduction 2 chapter 3 of the f...,
Introduction 3 monetary amounts i...
36
cards
CP 3 : Financial Statements and Reporting Entity
Chapter 3 of the framework deals ...,
Financial statements 2,
Financial statements objective an...
22
cards
CP 4 : Elements of Financial Statements
Definition 1 economic resources r...,
Definition 2 claims against an en...,
Definition 3 changes in economic ...
62
cards
CP 5 : Recognition and Derecognition
Definition recognition is describ...,
The recognition process 1 2,
The recognition process 2 3
44
cards
CP 6 : Measurement
Introduction 1 elements recognise...,
Introduction 2 the framework does...,
Introduction 3 this approach refl...
56
cards
CP 7 : Presentation and Disclosure, CP 8 : Concepts of Capital and Capital Maintenance
Introduction 1 financial statemen...,
Introduction 2 recognised assets ...,
Introduction 3 effective communic...
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
Introduction the selection and ap...,
General principles ias 1 deals wi...,
General principles fair presentat...
95
cards
IAS 16 : Scope, Definition, Recognition
Scope 1 all pp e is within the sc...,
Scope 2 although the standard sco...,
Scope 3 other standards may requi...
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 1 3
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 1 an entity should apply ia...,
Scope 2 the standard does not dea...,
Scope 3 an entity is not required...
72
cards
IAS 20 : Government Grants
Ias 20 applies in accounting for ...,
The standard regards the term gov...,
Government assistance 1 3
23
cards
IAS 40 : Investment Property
Definitions and scope 1 1,
Definitions and scope 2 2,
Definitions and scope 3 3
114
cards
IAS 2 : Inventory
Under ifrs the relevant standard ...,
Under the historical cost account...,
Objective the objective of ias 2 ...
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 1,
Agriculture related definitions 2 2,
Agriculture related definitions 3 3
111
cards
IAS 37 : Provisions, Contingent Liabilities and Contingent Assets
Definition 1 liability a present ...,
Definition 2 legal obligation an ...,
Definition 3 contingent liability...
165
cards
IAS 24 : Related Party Disclosures
Related party relationships and t...,
The related party issue 2,
Possible solutions re measurement...
100
cards
IAS 38 : Intangible Assets Part 1
Definition 1 intangible asset an ...,
Definition 2 identifiable an asse...,
Definition 3 cost the amount of c...
127
cards
IAS 38 : Intangible Assets Part 2
Internally generated intangible a...,
Internally generated goodwill 1 2,
Internally generated goodwill 2 3
144
cards
IFRS 8 : Operating Segments
The main features of ifrs 8 1 1,
The main features of ifrs 8 2a 2,
The main features of ifrs 8 2b 3
135
cards
IAS 36 : Impairment Part 1
Introduction 1,
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 1,
The framework of ifrs 13 is based...,
The definition of fair value in i...
162
cards
IFRS 13 : Fair Value Part 2
Valuation techniques 1,
There are two key distinctions be...,
Secondly ifrs 13 does not priorit...
91
cards
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Conceptual Framework
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