IFRS S2 Climate-related Disclosures: What, How, When
Climate-related disclosures as arranged by IFRS S2 affect literally every single company without exception (I mean those issuing reports under IFRS). Yes, I know this is a strong statement, but if you keep reading, you will find out why and how. IFRS S1and IFRS S2…
IFRS S1: What, How, Where, How much it costs
so, what is IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information about? As its title says, it is about the general requirements for disclosure of sustainability-related financial information. As a result, you will not find any specific rules for the disclosures, because IFRS…
IFRS Sustainability Reporting Just Behind Your Door
It is here. Two newest standards, IFRS S1 and IFRS S2, were published in June 2023. I think that’s not news for anybody with two eyes and ears, because the information spread everywhere. Well, my usual approach is rather practical, so I will skip all…
IFRS 3: A Business or an Asset?
Last update: August 2023 Did you note that with the globalizing world, the number of large entities decreases and their size increases? Just as an example – 20 years ago, there were about 50 large media companies in the USA, controlling US entertainment industry. I…
Example: Consolidation with Foreign Currencies
Last update: 10/2022 (video added to the end of the article) In today’s world, most groups spread their activities abroad and logically different members of the group operate in different currencies. Is the consolidation process of combining the financial statements of two (or more) companies…
How to classify expenses in profit or loss statement under IFRS?
How to classify depreciation of warehouse? Is it cost of sales or administrative expense? What to do when the classification changes? Learn here!
Accounting for CAPEX threshold and its change under IFRS
What happens when you buy lots of assets below your capex threshold, but still high expense? And, should you revise your capex threshold retrospectively? Learn here!
How to Write Notes to Financial Statements under IFRS
Warren Buffett once said: “Other guys read Playboy. I read annual reports.” This is a profound statement indicating that Warren Buffett actually takes his time to go through a complete annual report, including the financial statements and notes. Thus, Mr. Buffett does NOT consider the…
IFRS Reporting in Hyperinflationary Economy (IAS 29)
How to report in hyperinflationary economy under IFRS in three steps: with the video!
How to present leases under IFRS 16 in the statement of cash flows (IAS 7)
How to incorporate leases under IFRS 16 into the statement of cash flows – solved example with video.
Recent Comments
- sharifa on How to Account for Cryptocurrencies in line with IFRS
- Mohamed Farghaly on IAS 10 Events After the Reporting Period
- Dani on Measuring expected credit loss: Loss rate vs. Probability of default
- Silvia on Accounting for gain or loss on sale of shares classified at FVOCI
- Silvia on Accounting for gain or loss on sale of shares classified at FVOCI
Categories
- Accounting Policies and Estimates (14)
- Consolidation and Groups (24)
- Current Assets (21)
- Financial Instruments (54)
- Financial Statements (48)
- Foreign Currency (9)
- IFRS Videos (64)
- Insurance (2)
- Most popular (6)
- Non-current Assets (54)
- Other Topics (15)
- Provisions and Other Liabilities (44)
- Revenue Recognition (26)