IFRS 3 Business Combinations and measuring NCI
Why are there two methods of measuring NCI (one at fair value and the other as a proportion of net assets) and what are the consequences? The short answer Ultimately…
Blog IFRS 2 Share Based Payments (advanced)
IFRS 2 Equity settled share-based payments and how to account for options issued as part of a business combination = equity settled share-based payments issued as replacement awards. By Tom…
IFRS 2 Share Based Payments and explanation – Basic
When employees are granted share options in their employer’s company do these have to be expensed to profit? After all my understanding is that the company has not, and will…
IFRS 15 Revenue from Contracts with Customers
This blog addresses the debits (Dr) and credits (Cr) around the recognition of revenue! The Credit entry When revenue (sales or turnover) is recognised then that is the Cr entry.…
IFRS 2 Share Based Payments and explanation
When employees are granted share options in their employer’s company do these have to be expensed to profit? After all my understanding is that the company has not, and will…
IFRS 3 Business Combinations and measuring NCI
Why are there two methods of measuring NCI (one at fair value and the other as a proportion of net assets) and what are the consequences? The short answer Ultimately…
IFRS13 Fair Value Measurement
This blog looks at the standard on fair value measurement and considers its application. The objective of the standard is to provide a single source of guidance for fair value…
Put yourself in the shoes of the marker!
This blog will draw on my experience as a former examiner and marker. It wil address the common questions that I have been asked over the years. What if I…
IAS 7 Cash flow statements and useful information (Investor Focus)
Do cash flow statements provide useful information to the users of the accounts? This is a big question. Let us break it down What is meant by useful information? “Useful”…
IAS 16 Property Plant and Equipment
This blog will summarise what IAS 16 Property Plant and Equipment is about and explain its revaluation accounting rules. IAS 16 Property Plant and Equipment in summary IAS 16 Property…