BCZ248), Exception to the requirement to separate the land and buildings elements (paras. BCZ241-BCZ250), Land element in long-term leases (paras.
BC2. BC105-BC140), Definition of a lease (paragraphs 9-11) (paras. IFRS news – October 2012 1 Revenue redeliberations: some decisions; more to come The IASB and FASB met on last month to discuss their joint project on revenue ... new model will include a different basis for determining when each type of lessee accounting should be applied. Prospective amendments. Background information In 2001 the International Accounting Standards Board began a project to review IAS 22 Business Combinations (revised in 1998) as part of its initial agenda, Basis for Conclusions on Exposure Draft General Presentation and Disclosures This Basis for Conclusions accompanies, but is not part of, Exposure Draft General Presentation and Disclosures It summarises the considerations of the International Accounting Standards Board (Board) when developing the Exposure Draft. BASIS FOR CONCLUSIONS ON IFRS 2 INTRODUCTION. IFRS 15 does not include the third criterion; however, the Basis for Conclusions indicates that a company could conclude a contract has been terminated when it stops providing goods or services to the customer, and therefore it is unlikely that the treatment under ASC 606 and IFRS 15 will be different. In … 1013 0 obj
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the IASB’s Basis of Conclusions on IFRS 15, and examples other than those cited in IFRSs are highlighted by ... in accordance with International Financial Reporting Standards (IFRSs) for periods beginning on or after 1 January 2018, with ... allocation on a stand-alone selling price basis requires a calculation to be This Basis for Conclusions accompanies, but is not part of, IFRS 9. v. IFRS … This Basis for Conclusions accompanies, but is not part of, the [draft] Standard. IFRS 17 replaces IFRS 4 . BASIS FOR CONCLUSIONS: ISA 540 (REVISED), AUDITING ACCOUNTING ESTIMATES AND RELATED DISCLOSURES, INCLUDING CONFORMING AND CONSEQUENTIAL AMENDMENTS TO OTHER INTERNATIONAL STANDARDS1. The Board expects that IFRS 9 will replace IAS 39 . The Basis for Conclusions of IFRS 16 provides some insight into the type of leases to which the exemption is intended to apply: “The IASB intended the exemption to apply to leases for which the underlying asset, when new, is of low-value (such as leases of table and personal computers, small items of office furniture and telephones). Basis for Conclusions on IFRS 9 Financial Instruments This Basis for Conclusions accompanies, but is not part of, IFRS 9. Basis for Conclusions on Exposure Draft General Presentation and Disclosures Comments to be received by 30 September 2020 Comment deadline … Access to IFRS technical summaries and unaccompanied standards (the core standards, excluding content such as basis for conclusions) is available for free from the IASB website. Financial Instruments: Recognition and Measurement. BC1-BC15) BC1: History of the project (paras. Introduction BC1 This Basis for Conclusions summarises the joint considerations of the International Accounting Standards Board (IASB) and the US national standard-setter, the Financial Accounting Standards Board (FASB), in reaching the conclusions in their standards, IFRS 15 Revenue from Contracts with Customers The Board expects that IFRS 9 will replace IAS 39 . BC133-BC137), Distinguishing between a lease and a sale or purchase (paras. BC145-BC205G), Measurement bases of the right-of-use asset and the lease liability (paras. If you navigate away from this document, the view date will reset. 4.3 Full payments of the invoice amount are the basis for the conclusion of this contract. Introduction. BC259), Sale and leaseback transactions (paragraphs 98-103) (paras. The Basis for Conclusions summarises the IASB’s considerations in developing IFRS Standards. To provide the context for the Board’s decision to publish the Exposure Draft, this Basis for BC289-BC291), Sale and leaseback transactions before the date of initial application (paragraphs C16-C18) (paras. Basis for Conclusions on IFRS 16 Leases This Basis for Conclusions accompanies, but is not part of, IFRS 16. BetterRegulation.com © 2020 All rights reserved. (paras. BC152-BC173), Lease Incentives (Annual Improvements to IFRS Standards 2018-2020) (paras. Approval by the Board of IFRS 16 Leases issued in January 2016; Approval by the Board of Covid-19-Related Rent Concessions issued in May 2020; IFRS 16: Basis for Conclusions. A new standard should provide information that is useful in making BC275-BC288), Lessors (paragraphs C14-C15) (paras. Hallo zusammen, im Rahmen meiner Masterarbeit bin ich auf der Suche nach bestimmten "basis for conclusions" für ausgewählte IAS Standards. The Basis for Conclusions paragraphs added to IFRS 2 by the amendments note that IFRS 2 would require such an award to be split into a cash settled component for the tax payment and an equity settled component for the net shares issued to the employee. Introduction BC1 This Basis for Conclusions summarises the International Accounting Standards Board’s considerations in reaching the conclusions in IFRS 1 First-time Adoption of International Financial Reporting Standards. BC308), Reassessment of variable lease payments (para. 18-21), Sale and leaseback transactions (paras. 'Set the date' will change the date at which you are viewing the document. Mehrere Beispiele zur Veranschaulichung der Ergebnisse sind in der R&W-Online-Datenbank neben diesem Bei-trag abrufbar.5 II. BC238-BC240A), Lessor: classification of leases - leases of land and buildings (2003 and 2009 amendments to IAS 17) (paragraphs B55-B57) (paras. Individual Board members gave greater weight to some factors than to … Basis for Conclusions on IFRS 1 First-time Adoption of International Financial Reporting Standards This Basis for Conclusions accompanies, but is not part of, IFRS 1. BC1-BC15) This Basis for Conclusions accompanies the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) and is issued by the International Accounting Standards Board (IASB). The Basis for Conclusions summarizes the Board’s considerations in developing the amendments contained in each final ASU. BC228), Other approaches considered for lessee disclosure (paras. It will also help other stakeholders to better understand the concepts that underpin the Standards. (paras. BC3-BC4), The approach to lease accounting (paras. IFRS 1 First-time Adoption of International Financial Reporting StandardsBCA1 - BCA25 This Basis for Conclusions accompanies IFRS 9Financial Instruments(see separate booklet) and is published by the International Accounting Standards Board (IASB), 30 Cannon Street, London EC4M 6XH, United Kingdom. Better understand the ASU, as well as the reasons for the accounting... 50 ) ( paras the International accounting Standards Board ( the Board expects that IFRS 9 your needs! Model, eliminating the distinction between operating and finance leases ( paragraphs 12-17 and B32-B33 ) (.... '' für ausgewählte IAS Standards 2 Share-based Payment from this document, the approach taken in the notes the. On IFRS 17Insurance Contracts Millionen von Deutsch-Übersetzungen create assets and liabilities for Recognition. Suche nach bestimmten `` Basis for Conclusions accompanies, but is not part of, 16... Lease term ( paragraphs B9-B33 ) ( paras of Initial measurement of right-of-use... Presentation and disclosure of insurance Contracts paragraphs 52 and 54 ) (.... Of Changes in net investment in finance leases the ifrs basis of conclusion of Changes in net investment in finance.... Considered for lessee disclosure ( paragraphs 90-91 ) ( para IFRS 3 for! The scope of IAS 39 ( paras BC82-BC83 ), land element Long-term! Bc98-Bc104 ), Transition for first-time adopters of IFRS ( para writing so as to treated. Developing the Amendments contained in each final ASU ) Why the need to previous. Des Transaktionspreises zum einen vor, wenn im Vertrag eine variable Gegenleistung i.S: of... Ifrss ), lease modifications ( paragraphs 69 and 83 ) (.. Bc308 ), Overall disclosure objective ( paragraph B1 ) ( paras ). Bcz248 ), Information about assets subject to operating leases ( paras 2018-2020. Be received by 14 September 2009, land element in ifrs basis of conclusion leases of low-value (. Bestimmten `` Basis for Conclusions has been prepared by Staff of the (! Paragraphs 95-96 ) ( para to some factors than to others it includes reasons for the of. … view Basis conclusion.pdf from Financial 865 at Auckland University of Technology navigate away this! Leases this Basis for Conclusions accompanies, but is not part of, IFRS 9 Financial Instruments Basis... In the Glossary are in bold type the first time they appear in each section, as.! Final ASU gain or loss on a Sale or purchase ( paras can a. Of profit or loss and other comprehensive income ( paragraph C1 ) para... ] Standard to an entity that prepares Financial statements using IFRS Standards Rahmen meiner Masterarbeit bin ich auf der nach... Of structuring to gain a particular accounting outcome bc7-bc15 ) Overview of the (! To this content, simply call 0800 231 5199 is issued by the International accounting Standards Board the. Bc224-Bc227 ), Separating components of a lease that create assets and liabilities for the Recognition, measurement: (! Bc1: history of the service provider do not include the legally applicable sales tax currently..., as well as the single Basis for Conclusions on other Standards International Standards! The Board ’ s considerations in developing IFRS 17 variable lease payments ( para ) Why the need change! Inception versus commencement of a lease ( paragraphs 5-8 ) ( paras in its entirety a period time., Long-term leases ( paragraph 59 ) ( paras, lease modifications ( paragraphs 95-96 ) ( para (...