Forgot your password?
Or sign in with one of these services
A contract has rights and obligations between two or more parties. 6. Simple 10–15 IFRS, 1/e, Solutions Manual (For Instructor Use Only) 6-5 Download PowerPoint presentations to present your KPI or Business Key Performance Indicators in Business Performance PowerPoint presentations. New IFRS 16 removes this discrepancy and puts most leases on balance sheet. IASB presentation slides. IFRS 16 is an International Financial Reporting Standard (IFRS) promulgated by the International Accounting Standards Board (IASB) providing guidance on Feb 8, 2017 Presentation . Scope IAS 16 applies to bearer plants. However, there was an awareness of the need for specific standards that address financial transactions and requirements specific to the Islamic context (e. Company”) contains forward-looking statements about the. The larger the lease portfolio, the 1 Right-of-use assets that meet the definition of investment property are required to be presented within investment property. 08 Jul 2019. 2 Lessee disclosures . It provides practical tips on implementation and answers some frequently asked questions. 2 IFRS 16 does not require separate presentation of amortisation expense of right-of-use assets on the face of the income statement, nor does it mandate which line item should include the amortisation expense (which will in part be driven by whether the entity View and Download PowerPoint Presentations on Ifrs 1 PPT. and its subsidiary China Cargo Airlines are no longer included in the Company's consolidated statements. com, find free presentations research about Ifrs 1 PPT The IASB published IFRS 16 Leases in January 2016 with an effective date of 1 January 2019. 5 ppt Free cash IFRS 16 adopted on 1 April 2019 and aircraft assets and operating lease liabilities IFRS Foundation and IAAER IFRS Teaching Workshop IFRS Curriculum Development & Teaching Resources Professor Donna L. Analyst presentation. IFRS stands for International Financial Reporting Standards. transition date. KPI & Metrics slide designs can help you to make focused presentations on metrics that really matter. The IFRS e-learning modules are available free of charge and may be used and distributed freely, without alteration from IFRS 16 (IFRS 16, par. 2. 6 Presentation. Mar 24, 2017 Recognize assets and liabilities for all leases (with limited exceptions) IFRS 16 introduces a single lessee accounting model . 7% 14. Apart from the financial analysis part, where we will have 1 graph per slide. Why a new leasing standard? Currently analysts adjust financial statements for off- balance sheet leases. This ‘IFRS overview’ provides a summary of the recognition and measurement requirements of International Financial Reporting Standards (IFRSs) issued by the International Accounting Standards Board (IASB) up to October 2017. 32. Numerous companies are looking to adopt and merge the IFRS in their companies to comply with their own local accounting standards. co. Scribd is the world's largest social reading and publishing site. 2 Sub-leases. ppt), PDF File (. Under IFRS 16, companies will bring these leases on. Budgetary Control and Responsibility Accounting 23. 2019, we will provide estimates for key indicators on a pre-IFRS16 basis. This SlideShare explains the major impacts, accounting changes, transition options and steps you may need to take to implement the new standard. 2 Impact of a significant increase in credit risk 9 3. A customer receives a good or service. They allow some to stretch the limits of what is permissible under the law, even though it may not be ethically or morally acceptable. But what does IFRS 16 hold in store for the aviation finance industry? . We expect the IASB to issue IFRS 17, the proposed new accounting standard for insurance contracts, later this year. ppt - Free download as Powerpoint Presentation (. 2, 1st edition Chapter 16 DILUTIVESECURITIES AND EARNINGS PER SHARE Download Slides: 2 comments: 16 Investor Presentation September 2019 Is payback sustainable? Underlying payback has fallen because: •we have increased investment in NCA from £10m to £26m over 4 years •we have more new unproven Partners than we have in the past 2 Yes, it is – unlike most retailers we are not suffering from decreasing marginal returns on investment The job of monitoring the Income-tax collection by the government is entrusted to a Department called . Cost-Volume-Profit Analysis: Additional Issues 20. The information in this guide is arranged in six sections: Accounting principles. IFRS 9:Financial instruments PowerPoint Presentation, PPT - DocSlides- Gavin Aspden FCA. Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures. Demystifying IFRS 9 for corporates 5. It comes into effect on 1 January . Super Easy! Alternatively, You Can also Check our Partner Website for ready to use Google Slides Presentations: My Free Slides IFRS Regulated rate changes may not flow to the B/S in the form of deferred assets or liabilities Ability to auto generate IFRS vs RAAP entries & recon reports IFRS transition requires parallel reporting in CDN GAAP and IFRS for 1 year There will be a need for separate ledger accounts where IFRS treatment is different. Find PowerPoint Presentations and Slides using the power of XPowerPoint. Sharq Elneil CollegeSchool of Medical Laboratory Sciences Department of Microbiology Medical Bacteriology course Enterococci Dr. Test Bank for Intermediate Accounting, Sixteenth Edition 1 - 6 TRUE-FALSE—Conceptual 1. The International Accounting Standards Board conclusions about the recognition and presentation of expenses related to leases in the income statement and of cash flows in the cash flow statement. Review intercompany leasing . Comply with new IFRS 16 standard using SAP Real Estate Management The new accounting standard for leases will affect practically every company using leases to obtain access to real estate and movable assets. 37. Business Frameworks Learn frameworks used to break down complex business issues and present findings & analyses in PowerPoint. Download Here IFRS 15 Revenue from Contracts with Customers and ASC 606 Revenue from Contracts with Customers replace all existing revenue recognition guidance under IFRS and United States’ Generally Accepted Accounting Principles (US GAAP), respectively. IFRS Training Program Day 3 December 4, 2008 Submitted by Mukesh Thakur IAS 16: Property, Plant and Equipment (PPE) Comparison with Indian GAAP Comparison – A free PowerPoint PPT presentation (displayed as a Flash slide show) on PowerShow. Net debt (1 Jan 2014) Share Weygandt Financial Accounting IFRS 3e Solutions Manual 3-1 Financial Accounting IFRS 3rd Edition Solutions Manual Weygandt Kimmel Kieso Completed download Instructor Manual, Solutions Manual Answer all chapters, matcha creations problem, Solutions for appendix chapter: Continuing Cookie Chronicle (the Word Viewer has been retired). pwc. IFRS 1 6 4. Oct 3, 2016 Leases. The slides are intended to provide a sampling of issues that the Staff of the Division of Corporation Finance (“CF” or the Designed with the needs of the user in mind, IFRS ® Practical Implementation Guide and Workbook, Third Edition is an essential desktop reference for accountants and finance professionals, as well as a thorough review guide for the IFRS ® /IAS certification exam. Potential to release synergies and efficiencies. Department of Revenue, Ministry of Finance, Government of India. e. No. Overview of the effect of IFRS 16 on different industry sectors. Morgan European Insurance Conference, London Moses Ojeisekhoba, Chief Executive Officer Reinsurance. They make IFRS more digestible and allow you to remember the essential rules by illustrating and showing the examples from a real life so that you can put it easily into work or pass the exam. Presentation slides (pdf) 16 May 2017 E6-16 Retirement of debt. 1. Feb 25, 2016 However, there are some differences under the two reporting regimes that will affect the presentation of leases in the financial statements. Muhammad Kaleem Ullah, Qamar Shahzad, Arish Qureshi, Jamshaid Akhtar, Mudasar Iqbal, Muhammad Saqib Ali, Adnan Khaliq, Asad IFRS 17 – Insurance Contracts – Illustrative example on the Variable Fee Approach EFRAG TEG meeting 23 February 2016 Paper 02-02, Page 3 of 41 Use of discounting – background on asset returns 35 Introduction 35 Determination of the asset returns 35 Determining the liability discount rate 36 The asset roll-forward 36 Loss component in year May 12, 2011 · Cost Accounting 13e Author :HORNGREN Datar Foster To download Click below Cost Accounting Slides Cost Accounting Chapter 1-11 Cost Accounting Chapter 12-23 Or To download Individual Chapter click on Chapter no www. 2014. The lessee disclosure requirements in IFRS 16 are enhanced relative to IAS 17. These measures, which we refer to as International Financial Reporting Standards (IFRS) Foundation. com - id: 3b66ec-YjBjN Ifrs for insurance webinar march 12 - IAS Plus PPT. . AS 6 & 10 - Depreciation Accounting and Accounting for Fixed Assets S. 3 IFRS 16 Leases Webinar presentation slides - March 2016 5 November 2018 Presentation and disclosure requirements of IFRS 16 . need to modify the measurement and presentation of the operational leases as a lessee IFRS 16 Leases replaces IAS 17, SIC 15, SIC 27 and IFRIC 4 and sets out the principles for the recognition, measurement, presentation and disclosure of leases Sep 3, 2019 Definition of a lease IFRS 16 represents the first major overhaul of lease accounting in over 30 years. New standard - Financial instruments IFRS 9 will bring profound change to financial instrument accounting: financial asset impairment calculated on an expected loss basis, some easing of hedge accounting rules, and fewer categories for assets. Further details regarding non-IFRS measures can be found starting on page 42 of the Condensed Financial Report % USD % cc % USD % cc Net Sales 12,915 5 2 49,109 1 2 Core Operating income 3,223 7 5 12,850 -1 0 Operating income 2,070 42 41 8,629 4 7 Net Income 1,976 111 58 7,703 15 12 Core EPS (USD) 1. ifrs. Browse by Chapter Read our summary of the new IFRS 9 accounting standard and what it means for your financial reporting and systems. The IASB is an independent accounting standards body, based in London, that is unaffiliated with IFRS 9 has also several common characteristics with the Financial Accounting Standards Board’s (FASB) Current Expected Credit Loss (CECL) model provisioning framework to be implemented in the US. Positions of the FASB are arrived at only after extensive due process and deliberation. Planning for Capital Investments The Third Edition of Intermediate Accounting: IFRS Edition provides the tools global accounting students need to understand IFRS and how it is applied in practice. In this document, the term “IFRS Standards” refers collectively to standards issued by the Board, IFRS 15 effective from January 1st 2018, now the standard for revenue recognition, measurement, and disclosure IFRS 15 will not impact cumulative profit or cash over the lifetime of a contract FY 2018 will be prepared under full application of IFRS 15, with FY 2017 restated Airbus has chosen the full retrospective method of implementation. Scope of IFRS 17 –Insurance and some investment contracts Scope of IFRS 17 applies to: •Insurance and reinsurance contracts issued or held, or via acquisition •Investment contracts with discretionary participation features 14 September 2017 5 Must contain significant insurance risk, involving an uncertain International Financial Reporting Standards (IFRS) is a set of accounting standards, developed by the International Accounting Standards Board (IASB), that is becoming the global standard for the preparation of public company financial statements. Chapter 3 Property, Plant and Equipment 2008-11 Nelson Lam and Peter Lau Intermediate Financial Reporting: An IFRS May 15, 2015 · Neste vídeo, apresento algumas dicas para se criar em poucos minutos uma apresentação de slides de alto nível, além de abordar boas práticas de apresentação no geral. 3 500 *Restated following implementation of IFRS 11 and IAS 19 CAPEX as % of sales CAPEX in CHF bn . 2 Nov 1, 2018 November 2018 Presentation and disclosure requirements of IFRS 16 Leases. Thanx to my Brothers who supports me. The IFRS adoption and convergence efforts impact much more than just the accounting function. pdf), Text File (. The difficulties identified related to the of qualified shortage These slides were presented at the Forums on Auditing in the Small Business Environment hosted by the PCAOB during 2011. ROI 16% Inc. Income-Tax. Deloitte has developed high quality e-learning modules on IFRS to help users develop their knowledge and application of the basic principles and concepts of the IFRSs and IASs. . Kieso PhD, CPA Jerry J. 1 Sale- and-leaseback transactions. 10, 11, 12 16 7. IFRS 17 will include a simpliied approach Transition to IFRS 16 Kathryn Donkersley, Technical Manager, IASB Patrina Buchanan, Associate Director, IASB • Consider additional reliefs (slides 9-13) Deloitte has developed high quality e-learning modules on IFRS to help users develop their knowledge and application of the basic principles and concepts of the IFRS's and IAS's. IFRS 16 supersedes IAS 17 Leases (and related Interpretations) and is effective from 1 January 2019. ppt Item Solvency II IFRS 17 Applicable to European companies IFRS reporters Focus on Balance sheet and solvency Income statement and performance Scope All contracts written by the (re)insurer Contracts with significant insurance risk or DPF Recognition When coverage begins or party to the contract When coverage begins, IFRS 10 Consolidated Financial Statements 2 IFRS 10 - effective date IFRS 10 shall be applied for annual periods beginning on or after 1 January 2013. Right-of-use assets are therefore, a class of asset distinct from both property, plant and equipment and investment property. 8trn worth of lease commitments that are currently off IFRS 16 introduces a single lessee accounting . May 01, 2008 · To download more slides, ebook, solutions and test bank, visit http://downloadslide. View Notes - IFRS 2e slides 03 from ACCT 623 at University of California, Berkeley. ROI 18% Inc. Now open that file into Google Drive Slides and edit at your convenience. These are the same business frameworks practiced by experienced strategy consulting firms and embody the look and feel of a Deloitte PPT. The key difference between IFRS 15 and IAS 18 is that while IFRS 15 provides a standardised five-step model to recognize all types of revenue earned from customer contracts, IAS 18 considers different recognition criteria for a different type of incomes received. Matching principle therefore results in the presentation of a more balanced and consistent view of the financial performance of an organization than would result from the use of cash basis of Kieso, Weygandt, Warfield: Intermediate Accounting, 13th Edition. Download Presentation Property, Plant and Equipment: IAS 16 An Image/Link below is provided (as is) to download presentation. IFRS 16 references IAS 16 and IAS 40 for guidance on subsequent measurement, but it does not state that the right-of-use asset in a lease contract is property, plant and equipment or investment property. The material provided now is for IFRS 9 'Financial Instruments' and IFRS 15 'Revenue from Contracts with Customers'. The views expressed in Apr 12, 2019 This presentation for Loblaw Companies Limited (“Loblaw” or “the. Entities with rate regulated activities have the option to defer changeover to January 1, 2012. Background . 6 Other lease topics. Each module provides: Real life scenarios to demonstrate application of the standards IFRS also works with the same characteristics, with the exception that decisions cannot be made on the specific circumstances of an individual. PowerPoint Slides (the PowerPoint Viewer has been retired). The Luxembourg IFRS PowerPoint Presentation, PPT - DocSlides- Taxonomy . Cannon Street press • Primary financial statement • Conceptual framework for financial reporting • FICE 7. Disclaimer: The IFRS Foundation, the authors, the presenters and the workshop organisers do not accept Accounting Standards Codification Topic 842, also known as ASC 842 and as ASU 2016-02, is the new lease accounting standard published by the Financial Accounting Standards Board (FASB). txt) or view presentation slides online. Technology has revolutionized and changed the modern day living. 85 113 59 3. Implementation needs to be IFRS 16 Leases 🔒 Financial Reporting Faculty, August 2019 This factsheet provides an overview of IFRS 16 with a focus on lessee accounting, including recognition, and right-of-use asset and liability measurement. IFRS 16 Leases Contents. Click Here to View the Webinar Recording. Who will be subject to IFRS 9? IFRS 9 will be required for financial institutions in Europe, the Middle East, Asia, Africa, and Oceania. September 2009 Page 17 Introduction to International Financial Reporting Standards Liabilities A liability is a present obligation of the enterprise arising from past events, the settlement of which is expected to result in an IFRS 15 new friday (2). Mar 28, 2019 GSK has implemented IFRS 16 by applying the modified overall cash flows for the Group although the presentation of the lease payments in The International Accounting Standards Board (IASB) issued IFRS 16 for Leases in Jan 2016. Chartered Education - IFRS 65,874 views. Leases. Muhammad Kaleem Ullah, Qamar Shahzad, Arish Qureshi, Jamshaid Akhtar, Mudasar Iqbal, Muhammad Saqib Ali, Adnan Khaliq, Asad International Standards: International Standards International Organization of Supreme Audit Institutions (INTOSAI) Accounting Standards Framework has four financial reporting systems Fully Cash Accounting Records transactions when funds are paid out of an appropriation authority or when funds are received Modified Cash Accounting Recognizes transactions of cash basis during the year and the Under IFRS 1, First-time Adoption of International Financial Reporting Standards, there is a variety of exemptions and options that the preparer may elect to utilize in the adoption process that need to be assessed to best position the company. Director. blogspot. org Asset 16 Assets Intangible Financial Inv 16. Earlier versions of IFRS 9 can be used for non Banks that are in non EU member states (classification and measurement) Date of first application of IFRS 9 View Notes - Introduction_to_IFRS_slides(1) from ACCY 2013 at George Washington University. Specific transitional guidance of IFRS must be followed in such circumstances. ifrs. 4 FASB ASC 842 Lease Accounting Handbook would drop lease classification and apply what we now know as capital lease accounting, which the Boards refer to as “finance lease accounting—note the Intermediate Accounting, 9th Edition by David Spiceland and Mark Nelson and Wayne Thomas (9781259722660) Preview the textbook, purchase or get a FREE instructor-only desk copy. Key actions. This presentation has been prepared to help stakeholders understand the new leases standard of the FASB. It describes the recognition, measurement, presentation and This bulletin relates to lease arrangements within the scope of IFRS 16 from the on the company's existing accounting policy for presentation of finance costs. 1 Overview 7 3. Mar 12, 2012 · Links for the ebook above not working! :( EDIT: I ALREADY got the full ebook, and lucky for you guys I am going to share it here! CLICK this link to DOWNLOAD THE full e-book! Nov 12, 2013 · for the ppt slides, are we supposed to have 1 picture per slide? It seems people have been failing the ppt requirements due to less pictures used. Standard Costs and Balanced Scorecard 24. The FRC expects . Weygandt, Terry D. CFLA IFRS Webpage IFRS 9 Hedge Accounting Transition considerations Hedge Accounting under IFRS 9: Unlock the possibilities 11 Effective for annual periods beginning on or after 1 January, 2018 • Generally prospective with limited retrospective application • To apply hedge accounting from date of initial application, all IFRS 9 requirements must be balance sheet sentation ifrs of the investment related accounts us gaap vs Sep 06th 2019 16:28 Balance sheet ppt troduction to finance and come statement Mar 12, 2012 · Dedicated to: My Parents, my teachers Sir Aamir Jawad, Sir Naveed, Sir Adeel Ahmed, Sir Parveez Akhter and all other my teachers. Reminder re: effective date vs. Muhammad Kashif Saeed, Muhammad Asif Saeed, Muhamma Junaid Baber My fellows who also supports me. No official endorsement date announced yet (EFRAG Website TBD) EU banks expect IFRS 9 endorsement during 2016. Issue date Issued May 2014. From January 2018, IAS 18 will be replaced by IFRS 15. All companies that lease assets for use in their business will see an increase in reported assets and liabilities. not specific to accounting & auditing • Particular challenge in context of accounting is Oct 29, 2015 · Speakers: Peter Harries, PwC Southern California Lead Advisory Partner and JJ Marais, PwC Systems Process Assurance Senior Manager A change in accounting policy is required by a new IFRS or a change to an existing IFRS / IAS and the transitional provisions of those standards allow or require prospective application of a new accounting policy. Dec 31, 2019 · Second quarter 2014 consolidated accounts, IFRS (pdf - 859 KB) Notes to the consolidated financial statements for the Second Quarter of 2014 (pdf - 1. Apr 1, 2019 And, while actual cash flows are not changing, the presentation of IFRS 16, Leases, the lessee accounting model requires all leases to be IFRS 16 Leases has been published and is effective for periods beginning on or after 1 January 2019. Approaches to teaching IFRS • Schipper: Ideas for Teaching IFRSs 16 24 33 29 Performance against key targets Pre-tax RoE Diluted EPS In % Note: 2003-2005 based on U. IFRS 16 completes the IASB’s project to improve the financial reporting of leases. It is designed to alert companies, investors and other capital market participants to the significant differences between IFRS, US GAAP, Ind AS and Indian GAAP as they exist today, and to the timing and scope of accounting changes that the standard-setting agendas of the International Accounting Standards Board (IASB), the Financial Accounting IFRS 15 specifies when and how an organization should recognize revenue derived from contracts with customers, including how to provide users of financial statements with more informative, relevant disclosures. $139m Analyst presentation FINAL. Goldman Sachs European Financials Conference, Madrid Seth Meyer, Chief Financial Officer Corporate Solutions. ,Zakat - obligatory alms to the poor). Under IFRS Standards, when a standard or an interpretation specifically applies to a transaction, other event, or condition, an entity would apply that guidance as well as any relevant implementation guidance issued by the Board. 16. Presentation Summary : Redesignation of investment property and PPE assets under IAS 40 and IAS 16. Presentation slides (pdf) 31 May 2017. May 24, 2016 IFRS 16 will bring $2. 21 8 6 4. For year-ends beginning on or after January 1, 2011. The new standard requires lessees to recognise nearly all leases on the balance sheet which will reflect their right to use an asset for a IFRS As of April 2011 Presented by Teri Willoughby Deters IFRS Who Impacted? Differences between IFRS & US GAAP IFRS for SMEs Transition Other considerations Who – A free PowerPoint PPT presentation (displayed as a Flash slide show) on PowerShow. 16 International standards • International Valuation Standard (IVS) 210 • Provides general guidance on the valuation of intangible assets including intellectual property • Does not distinguish between different purposes of the valuation, i. Identify the various forms of dividend IFRS Edition, Solutions Manual 15-3 To download more slides, ebook, solutions and test bank, visit Free Slides; When Markets Collide: Investment Strategies for th ماذا نفعل مع الرئيس السابق؟ لماذا فشلنا مرة أخيرة؟! استطلاع رأي أجراه المعهد الجمهوري الدولي في ابريل Egyptians say economy tops their list of concerns, مايو (37) PCAOB – SAG 7/15/10 Meeting Convergence and Change Lawrence Smith Board Member 2 Disclaimer The views expressed in this presentation are my own and do not represent positions of the Financial Accounting Standards Board. , Ltd. term and presentation of lease payments in the statement of. 2 Overview 4 3 Lease definition 5 Overview. IFRS 16 is effective from 1 January 2019. Both standards are effective for annual reporting periods beginning on or after 1 January 2018 with early application permitted. Warfield, PhD John Wiley & Sons, Inc. Everyday a number of technol Net profit margin (continuing operations) 12. Home. “1099” means you take out your own taxes, and is the norm for self‐employed. Insights into IFRS 16 Fact or fiction? IFRS 16 is a highly complex standard X Fiction IFRS 16 will require significant estimates and judgments X Fiction IFRS 16 will result in significant changes for lessees, but not lessors Fact IFRS 16 will be widely applicable Fact IFRS 16 will require a complete overhaul of your company’s systems Leases | A summary of IFRS 16 and its effects | May 2016 11 Financial statement impact - Before and after IFRS 16 IAS 17 IFRS 16 Finance leases Operating leases All leases Assets Liabilities $$$$ $$$$ Off balance sheet rights / obligations IAS 17 IFRS16 Finance leases Operating leases All leases Revenue $$$$ $$$$ $$$$ Operating costs (excluding ifrs. P. Find all the study resources for Intermediate Accounting: IFRS Edition, 3rd Edition by Donald E. Handbook – located in Part I. Activity-Based Costing 18. Inc. Presentation. Early application is permitted. Este aprendizado é IAS 16 Property, plant and equipment 2017 - 07 2 Cost is the amount of cash or cash equivalents paid or the fair value of the other consideration given to acquire an asset at the time of its acquisition or construction or, where applicable, the amount attributed to that asset when For EU countries IFRS 9 need to be endorsed by the European Commission. The new Presentation and disclosure. GAAP, 2006 onwards based on IFRS In EUR 2003 20072004 2005 2006 54% p. So we will put 1 clip art picture per slide? As long it is related to the slide discussion. ppt Introduction to IFRS. Transition. a. Existing definitions 5 Asset [of an entity] Liability [of an entity] • a resource controlled by the entity • a present obligation of the entity • as a result of past events • arising from past events Specifically, the webinar showed how accounting under IFRS 16 and/or U. Weygandt PhD, CPA Terry D. Nov 25, 2019 · This Deloitte e-learning module provides training in the background, scope and principles under IFRS 15 Revenue from Contracts with Customers, and the application of this Standard. Mahadi Hassan Mahmoud… Note: We believe that for the purposes of our reported results and ﬁnancial targets, the use of certain non-IFRS ﬁnancial measures, including non-IFRS gross proﬁt, non-IFRS operating income, non-IFRS net income, non-IFRS net income per diluted share and free cash ﬂow is helpful to our investors. and is designed to properly reflect the International Financial Reporting Standards (IFRSs) as Test your knowledge of IFRS 9 with our IFRS 9 Financial Instruments Quiz. 26 Disclaimer Financial data included in this presentation are prepared under IFRS Since February 2017, Eastern Airlines Logistics Co. 86 2 3 EPS (USD) 0. Simple 10–15 E6-17 Computation of amount of rentals. v/ Example: In Bangladesh it follows IFRS on adaption basis IFRS on Convergence basis: v/ If a country prepare its own Accounting standards inline with IFRS with respect business conditions then it Comparison of Ind AS with IFRS 3 India’s Convergence with IFRS – Recent developments Indian Accounting Standards (Ind AS) being notified by the MCA Onebruary F 25, 2011, the Ministry of Corporate Affairs (‘MCA’) has issued a press release stating that 35 ‘Ind AS’ are being notified and placed on the MCA website. Course I’ve Created to Help You The IFRS Kit is an online course that brings your IFRS knowledge to a professional level. 8 MB) Interim dividend for the second quarter 2014; Financial Report 1 st half 2014 (pdf - 592 KB) Although the Company believes these non-IFRS financial measures provide useful information to users in measuring the financial performance and condition of its business, users are cautioned not to place undue reliance on any non-IFRS financial measures and ratios included in this presentation. Process Costing 17. 40. • IFRS 16 issued January 2016 • No current changes proposed • ASU 842 issued February 2016: Implementation date • Annual periods on or after January 1, 2019 • Annual periods beginning January 1, 2019, for public business entities, January 1, 2020, for all other entities : Navigating the new world of IFRS 16 Leases 4 alongside moving to IFRS 16, lessors will be dealing with the changes in accounting for the service element of leases introduced by IFRS 15. uk www. ROI 15% Inc. Jan 18, 2013 · Summary of Gap Analysis Gaps can be found in any process of an organization’s operations Tools like SERVQUAL, Two-Dimensional Analysis, and ISO 9001 2000 can all be used to perform gap analysis Gap Analysis is one of the best procedures to help lead a company to not only improve their processes, but recognize which processes are in need of improvement. Similarities and differences – A comparison of IFRS and Luxembourg GAAP 3 This PwC Luxembourg publication is designed for those who wish to gain a broad understanding of the key similarities and differences between IFRS as adopted by the European Union and the Luxembourg regulatory and accounting framework. Browse by Chapter. Financial accounting is the process of identifying, measuring, analyzing, and communicating Aug 26, 2012 · Intermediate Accounting, IFRS Vol. Students learn more with the interactive Concept Checks in the entirely new PPT slides. Under IFRS 16, companies will bring these leases on balance sheet, using a common methodology. com - id: 3bc71b-YWNlZ under IFRS 16: – Asymmetrical accounting – Lease term a key estimate for lessees – Will not eliminate on consolidation. Implications for Lessees are more significant The changes for lessees adopting IFRS 16 (or its US equivalent) are potentially much more substantial. 1ey facts K 2 1. If this happens, the new standard is likely to be effective from 2021. GAAP will be different and it will outline the practical challenges and implications for leasing strategy. 5 Balanced regional and end market split End market split Plastics and rubber1 Food Accounting Basics • Headhunters will ask you if you work 1099 or W2. 1. Sep 4, 2019 Read a summary of ASC 842, IFRS 16, & GASB 87, the new lease accounting While the recognition, measurement, and presentation of lease Apr 10, 2019 This presentation includes forward-looking statements within the meaning of applicable securities laws. IFRS 15 / AASB 15 Revenue from Contracts with Customers. S. Budgetary Planning 22. 34. 4% ROCE 11. Company's 16, 'Leases', and thereby started a new era of lease accounting – at least for consequence of the changes in presentation is that EBIT and EBITDA will be Soft4Lessee software makes reporting for IFRS 16 Presentation and Disclosures process easy and effective. Sep 26, 2014 · Intermediate Accounting Kieso IFRS Volume 01 dan 02 PPT Slides Intermediate Accounting Power Point Slides Donald E. 2ey impacts K 3. edu is a platform for academics to share research papers. Overview. Crash Course in IFRS. AASB 1058 Income for Not-for-profit Entities. IFRS 16 Leases replaces all previous IFRS regulations for lease accounting for periods commencing on or after 1 January 2019. IFRS is A Set of International Accounting Standards stating how particular types of transaction and other events should be reported in financial statement Slideshow 516381 by qamra international financial reporting standards (IFRS) 22 Recent developments • The conceptual framework underpinning the IFRS favours a move toward – accounting practices that provide information for enhancing decision making by investors and others – recognising all gains and losses in the accounting Profit for the year 11. The IASB and the US national standard-setter, the Financial Accounting Standards Board (FASB), have been working jointly to improve the accounting for leases in International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting IFRS 15 Revenue from Contracts with Customers Presented by CPA Peter Njuguna Introduction Revenue is income from ‘ordinary activities’. A more transparent balance sheet 1 1S 16 at a glance IFR 2. Topics covered include the principles for the recognition of revenue to the sale of goods, services, licenses IFRS 9 impacts on lending, underwriting and pricing, accounting and reporting, capital and return on equity. This department functions under the . Fair Value Fair Value = Cost at of Land >=25% Lease term 75% test Appropriate Lease Title Bargain of Property's within last or 90% test Lease Mar 12, 2012 · Dedicated to: My Parents, my teachers Sir Aamir Jawad, Sir Naveed, Sir Adeel Ahmed, Sir Parveez Akhter and all other my teachers. environment and its implications for accounting education in Saudi Arabia. 3 16. Specifically: 1. Introduction to IFRS Accounting in the international spotlight The movement toward International Financial Sep 10, 2016 · IFRS - IAS 1 - Presentation of IAS 16 Property plant and equipment - Duration: IAS 1 - Presentation of Financial Statements - Duration: 4:37. Click Here to Download Presentation Slides. Let’s see what has changed Is it a lease? The new IFRS 16 introduces a new definition of a lease. IFRS 9 & Beyond-Ongoing validation/ monitoring - Tactical into strategic IFRS 9 implementation - Managing the volatility that IFRS 9 brings - Integration of IFRS 9 with stress testing - Capital and business planning under IFRS 9 - Submit results for local regulators ST and ICAAP exercises (linkage to TRIM) 2017 H2. 25% 2003 20072004 2005 2006 Target definition Reported Matching Principle requires that expenses incurred by an organization must be charged to the income statement in the accounting period in which the revenue, to which those expenses relate, is earned. This will affect a wide variety of sectors, from airlines that lease aircraft to retailers that lease stores. Available seat kilometres (ASKs) 16,878m 17,092m Refer to the supplementary slides for a reconciliation to IFRS earnings. IFRS 16 Leases requires lessees to recognise new assets and liabilities under an on-balance sheet accounting model that is similar to current finance lease A new accounting standard (IFRS 16) has been adopted from 1st Jan 2019 on a This presentation may contain projections and forward looking statements. ppt IFRS 17 A simplified approach? Understand the detail and make it work for you. It is an aura of technological excellence. When does IFRS 9 become mandatory?. CONTENTS 1. PwC’s Academy. Afrinsight Slide 16 IFRIC’s views on ‘taxable profits’ “the profit (loss) for the period, determined in accordance with the rules established by the taxation authorities, upon which income taxes are payable (recoverable)” Scope of IAS 12 Not all taxes are within the scope of IAS 12 Taxes do not need to be based on a figure that is exactly Academia. Street Mahrt Chair in Accounting University of Dayton IAAER President and Director of Research and Educational Activities . Cost-Volume-Profit 19. Specifically, in response to significant feedback received, the IASB decided to: • Include an overall disclosure objective in IFRS 16 • Jan 13, 2016 · The new lease accounting standard – IFRS 16 – will require companies to bring most leases on-balance sheet from 2019 on. 2. Participants were auditors from smaller registered public accounting firms. Multiple choice questions. 1 Identifying a significant increase in credit risk 11 3. g. Following several years of development, the International Accounting Standards Board (IASB) has finished its project to replace IAS 39 Financial Instruments: Recognition and Measurement by publishing IFRS 9 Financial Instruments (2014). 28 16 14 Roche Group H1 2005 Financial income and financing costs reconciliation Net financial income 54 15 16 85 AC IFRS Changes 2006 Additional Slides white. J. Forward-looking statements relate to. The emphasis on fair value, the proper accounting for financial instruments, and the new developments related to leasing, revenue recognition, and financial statement presentation are examined in light of current practice. The IASB has published IFRS 16 – the new leases standard. A NEW Chapter 5 simplifies transition to the new standard on revenue recognition, but Spiceland also offers a Chapter 5 based on current revenue recognition GAAP to provide instructors with the flexibility to cover revenue as they prefer Get ready for IFRS 9 Contents 1 Introduction1 2 Scope of the new impairment requirements 3 3 The general (or three-stage) impairment approach 6 3. This guide is intended to assist preparers and users of financial statements to understand the impact of IFRS 16 Leases, issued in January 2016 and effective for accounting periods beginning on “IFRS 16 will bring most leases on-balance sheet from 2019. ROI 8% Returns by Segment Notes: Incremental ROI is an EBIT return Cumulative £1bn expansionary investment over the last 15 years (UK only – excl. IFRS 16 introduces a new approach to lessee accounting whereby a lessee recognizes assets and liabilities for the rights. Jun 21, 2016 IFRS 16 - Leases establishes principles for the recognition, measurement, presentation and disclosure of leases, with the objective of ensuring Jan 1, 2016 4. Warfield Major differences between IFRS and GAAP Rules-based systems encourage creativity (and not the good kind) in financial reporting. Both private companies and Not-For-Profit organizations have the option to adopt IFRS Forward Looking Statements 2 Certain information included in this presentation contains forward-looking statements within the meaning of applicable securities laws including, among others, statements concerning our objectives, Disclaimer This presentation contains forward-looking statements, including “forward-looking statements”within the meaning of the United States Private Securities Litigation Reform Act of 1995, that can The requirements are set out in International Financial Reporting Standards (IFRS), as issued by the IASB at 1 January 2015, including those with an effective date after 1 January 2015, but not the IFRSs they will replace. Check out demo to see how this software can Mar 28, 2019 All figure quoted in this presentation are unaudited and provisional. The approved text of the International Financial Reporting Standards (IFRSs) is that published by the IASB in the English language, and copies may be obtained directly from IFRS Publications Department, First Floor, 30 Cannon Street, London EC4M 6XH, United Kingdom. An entity shall apply those amendments made to IFRS 10 with regards to Investment Entities for annual periods beginning on or after 1 January 2014. Activity-Based Costing Powerpoint Intermediate Accounting 3e IFRS Edition by Kieso, Weygandt, Warfield Free Ebooks and Slides - All Why Global Standards –the Example of IFRS The IFRS Foundation and the IASB are dedicated to developing and sustaining a single set of globally accepted accounting standards: •Aimed at providing high-quality, transparent and comparable information for investors and other users of financial information Choose the PPT/PPTX and upload it to your Google Drive Folder. Apr 05, 2016 · IFRS 16 sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract, namely, the customer (‘lessee’) and the supplier (‘lessor’). Incremental Analysis 21. Many IFRS users have previously referred to US GAAP in the absence of specific IFRS revenue guidance. Topic IFRS IND AS AS IAS 16 - Property, Plant and Equipment Ind-AS 16 - Property, Plant and Equipment AS 6 - Depreciation Accounting and AS 10 - Accounting for Fixed Assets 1. It’s important to understand these top differences between IFRS and GAAP accounting, so that your company can accurately do business internationally. However, it is very similar to the old definition in older IAS 17 (differences do exist). The IFRS Foundation's education initiative has releases slide decks to support those teaching IFRSs. 2% Group financials 2017 2017 financials restated for IFRS 15. Hollywood Bowl) 16% overall incremental ROI – up 1% on last year Presentation slides (pdf) 07 Jun 2017. www. With this, the 1. The presentation was followed by a Q&A session. uk IFRS COMPLIANCE IFRS on Adaption basis: mca furthering aspirations v/ If a country directly adopt/opt IFRS standards for the purpose of Financials Reporting it is called as IFRS on adaption basis. 3% -1. Leased Property is land only. I’ll show you how in the next paragraphs. Kieso, Jerry J. 5 Lessor accounting. IFRS 9 / AASB 9 Financial Feb 6, 2019 This new standard changes the accounting for leases in the lessee financial Refer to slide 8 for scope of application . The IFRS 15 Mole 6. 63) outlines examples of situations that would normally lead to a lease being classified as a finance lease (and they are almost carbon copy from older IAS 17): The lease transfers ownership of the asset to the lessee by the end of the lease term. The headline change is the requirement for lessees to recognise an asset and liability for all leases (subject to several practical expedients). Jul 31, 2019 Identifying the IFRS 16 presentation and disclosure requirements and providing a series of examples illustrating one possible way they might Apr 5, 2016 Assurance and advisory firm Nkonki will be hosting a roundtable session exclusively for CFOs with Darrel Scott, Board Member of the IFRS The views expressed in this presentation are those of the presenter, not necessarily those of 6. com The International Financial Reporting Standards (IFRS) will deliver significant accounting changes to companies in the oil & gas industry. A Framework-based approach to teaching of IFRSs inconsistent use across IFRS (see next 2 slides) UK. Welcome to Deloitte's IFRS e-learning. IAS 40 and IAS 16 contain options to designate at FV or cost. 1 Definition of default 11 in isolation or as an alternative to our results as reported under IFRS. Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. IFRS 16 / AASB 16 Leases. In order to determine the appropriate accounting treatment, the sale must first be assessed as to whether it qualifies as a sale in accordance with the requirements of IFRS 15 Revenue from Contracts with Customers (please refer to BDO’s Need to Know publication on IFRS 15 here). It may be possible to leverage existing credit risk methodologies and processes to comply with IFRS 9 requirements without incurring undue cost or effort. Checklist of Key Figures (the Word Viewer has been retired) Hear how SAP Real Estate Management, our residential and commercial real estate software, can help you improve coordination between lease administrators and accountants, easily report leases on your balance sheet – and comply with upcoming IFRS 16 and US GAAP accounting standards. 2018 IFRS 16’s requirements are significantly different. IFRIC rejections supplement IAS 32 In this IFRS/HKFRS news, we update you on demystifying IFRS 9 for corporates and accounting as principal or as agent under IFRS 15. ifrs 16 slides ppt