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  • IAS 32 – Classification of instruments denominated in a foreign currency
    Reassessment of embedded derivatives IAS 39 Transition and day 1 profit recognition IAS 39 IAS 32 Debt to equity swaps IAS 39 IAS 37 Credit risk in liability measurement IAS 39 IFRS 4 Financial guarantee contracts and credit insurance IAS 39 IFRS 7 Reclassification of financial assets IAS 39 IFRS 9 Novation of OTC derivatives and continuing designation for hedge accounting IFRIC 16 Amendment to the restriction on the entity that can hold hedging instruments IFRIC 9 Scope of IFRIC 9 and revised IFRS 3 IFRS 7 Disclosures about investments in debt instruments IFRS 7 Improved disclosures about financial instruments Financial instruments General hedge accounting Financial instruments Impairment Financial instruments Limited reconsideration of IFRS 9 IAS 32 Put options over non controlling interests NCIs Info IAS 32 Classification of instruments denominated in a foreign currency Background IAS 32 Financial Instruments Disclosure and Presentation states that a derivative instrument relating to the purchase or issue of an entity s own equity instruments is classified as equity only if it results in the exchange of a fixed number of equity instruments for a fixed amount of cash or other assets IFRIC considered the issue of how to classify a convertible bond denominated in a foreign currency i e a currency other than the functional currency of the entity issuing the bond Such a bond allows the holder to convert the bond into a fixed number of the entity s equity instruments in exchange for a fixed amount of foreign currency For example an entity whose functional currency is the Euro issues a US dollar denominated convertible bond that can be converted into a fixed number of the entity s equity instruments i e it contains an option to exchange a fixed number of the entity s shares for a fixed amount of

    Original URL path: http://www.iasplus.com/en/projects/completed/fi/project139 (2016-02-10)
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  • IAS 32 – Puttable financial instruments
    intragroup transactions IAS 39 Exposures qualifying for hedge accounting IAS 39 Fair value option IAS 39 Macro hedging IAS 39 Reassessment of embedded derivatives IAS 39 Transition and day 1 profit recognition IAS 39 IAS 32 Debt to equity swaps IAS 39 IAS 37 Credit risk in liability measurement IAS 39 IFRS 4 Financial guarantee contracts and credit insurance IAS 39 IFRS 7 Reclassification of financial assets IAS 39 IFRS 9 Novation of OTC derivatives and continuing designation for hedge accounting IFRIC 16 Amendment to the restriction on the entity that can hold hedging instruments IFRIC 9 Scope of IFRIC 9 and revised IFRS 3 IFRS 7 Disclosures about investments in debt instruments IFRS 7 Improved disclosures about financial instruments Financial instruments General hedge accounting Financial instruments Impairment Financial instruments Limited reconsideration of IFRS 9 IAS 32 Put options over non controlling interests NCIs Info IAS 32 Puttable financial instruments Background This IASB project considered the need for creating an exception to the liability classification in IAS 32 Financial Instruments Presentation for shares that evidence a residual interest in the assets of an entity and that are puttable to the entity at fair value Without an amendment IAS 32 would require these instruments to be classified as liabilities The Board noted that the application of IAS 32 to financial instruments puttable at fair value gives rise to anomalous accounting because assuming that the fair value of the entity is higher than the entity s net asset value the balance sheet will always show net liabilities and those net liabilities will increase the better the entity performs Current status of the project This project has been completed The IASB issued Puttable Financial Instruments and Obligations Arising on Liquidation Amendments to IAS 32 and IAS 1 on 14 February 2008 Project milestones

    Original URL path: http://www.iasplus.com/en/projects/completed/fi/ias-32-puttable-financial-instruments (2016-02-10)
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  • IAS 32 — Items not added to the agenda
    of shares subject to a cap and a floor but gives the issuer the option to settle by delivering the maximum fixed number of shares 30 Jan 2014 The IFRS Interpretations Committee discussed how an issuer would assess the substance of a particular early settlement option included in a financial instrument in accordance with IAS 32 Financial Instruments Presentation whereby the issuer must deliver a variable number of its own equity instruments to equal a fixed cash amount subject to a cap and a floor IAS 32 Classification of a financial instrument that is mandatorily convertible into a variable number of shares upon a contingent non viability event 30 Jan 2014 The IFRS Interpretations Committee discussed how an issuer would classify a particular mandatorily convertible financial instrument in accordance with IAS 32 Financial Instruments Presentation specifically where conversion was based on a contingent non viability event such as breaching a Tier 1 Capital ratio IFRS 10 Classification of puttable instruments that are non controlling interests 13 Nov 2013 The IFRS Interpretations Committee discussed a request for guidance on the classification in the consolidated financial statements of a group of puttable instruments that are issued by a subsidiary but that are not held directly or indirectly by the parent IAS 32 Classification of financial instruments that give the issuer the contractual right to choose the form of settlement 10 Sep 2013 The IFRS Interpretations Committee received a request to clarify how an issuer would classify three financial instruments in accordance with IAS 32 Financial Instruments Presentation None of the financial instruments had a maturity date but each gave the holder the contractual right to redeem at any time IAS 27 Put options written over non controlling interests 01 Sep 2010 The Committee received a request for guidance on how an entity should account for changes in the carrying amount of a financial liability for a put option written over shares held by a non controlling interest shareholder NCI put in the consolidated financial statements of a parent entity IAS 32 Shareholder discretion 04 Mar 2010 The IFRIC received a request for guidance on whether a financial instrument in the form of a preference share that includes a contractual obligation to deliver cash is a financial liability or equity if the payment is at the ultimate discretion of the issuer s shareholders IFRS 4 Scope issue for REITs 08 Jan 2010 In some jurisdictions a Real Estate Investment Trust REIT is a tax or regulatory designation used for an entity investing in real estate that meets certain criteria for example to attain preferential income tax status In some of these cases the contractual terms of the ownership units of such REITs require it to distribute 90 of the Total Distributable Income TDI to the investors The remaining 10 of TDI may be distributed at the discretion of management The IFRIC received a request to provide guidance on whether the discretion to distribute the remaining 10 of TDI met the definition of a

    Original URL path: http://www.iasplus.com/en/projects/not-added/ias-32-not-added (2016-02-10)
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  • IAS 32 — Members' shares in co-operative entities
    Hedging a net investment IAS 32 Classification of instruments denominated in a foreign currency IAS 32 Classification of rights issues IAS 32 Members shares in co operative entities IAS 32 Puttable financial instruments IAS 32 IAS 39 Improvements to IASC financial instruments standards IAS 39 Cash flow hedge accounting of forecast intragroup transactions IAS 39 Exposures qualifying for hedge accounting IAS 39 Fair value option IAS 39 Macro hedging IAS 39 Reassessment of embedded derivatives IAS 39 Transition and day 1 profit recognition IAS 39 IAS 32 Debt to equity swaps IAS 39 IAS 37 Credit risk in liability measurement IAS 39 IFRS 4 Financial guarantee contracts and credit insurance IAS 39 IFRS 7 Reclassification of financial assets IAS 39 IFRS 9 Novation of OTC derivatives and continuing designation for hedge accounting IFRIC 16 Amendment to the restriction on the entity that can hold hedging instruments IFRIC 9 Scope of IFRIC 9 and revised IFRS 3 IFRS 7 Disclosures about investments in debt instruments IFRS 7 Improved disclosures about financial instruments Financial instruments General hedge accounting Financial instruments Impairment Financial instruments Limited reconsideration of IFRS 9 IAS 32 Put options over non controlling interests NCIs Info IAS 32 Members shares in co operative entities Background In response to a request from the IASB the IFRIC considered the issue of whether members shares in co operative banks and similar co operative entities should be classified as liabilities or as equity under IAS 32 Financial Instruments Presentation Current status of the project This project has been completed IFRIC 2 Members Shares in Co operative Entities and Similar Instruments was issued on 25 November 2004 Project milestones Date Development Comments 30 June 2004 Draft Interpretation D8 Members Shares in Co operative Entities published Comment deadline 13 September 2004 25 November 2004 IFRIC 2

    Original URL path: http://www.iasplus.com/en/projects/completed/fi/project111 (2016-02-10)
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  • IAS 32 — Put options over non-controlling interests (NCIs)
    exclusion from IAS 32 to deal with the issue The IASB rejected the scope exclusion to IAS 32 at its September 2011 meeting 31 May 2012 Draft Interpretation DI 2012 2 Put Options Written on Non controlling Interests Comment deadline 1 October 2012 March 2013 Reactivated as an IASB narrow scope amendment project Draft Interpretation will not be finalised Second quarter 2014 Discontinued as a project in its own right The issues will now be discussed as part of the project Financial instruments with characteristics of equity Related Discussions Put written on non controlling interests IASB only 21 Mar 2013 The Board discussed the requirements in paragraph 23 of IAS 32 for put options and forward contracts written on an entity s own equity IFRIC update IASB only 18 Feb 2013 The staff presented the IFRS Interpretations Committee s the Committee January 2013 IFRIC Update newsletter providing an update of the issues discussed at the 22 23 January 2013 Committee meeting IAS 32 Put options written on non controlling interests 15 May 2012 The IFRS Interpretations Committee decided to issue a draft Interpretation clarifying a NCI put gives rise to a financial liability that is initially measured at the present value of the redemption amount in the parent s consolidated financial statements and that subsequent remeasurement of the liability would be measured in accordance with IAS 39 or IFRS 9 IAS 27 IAS 32 Put options over non controlling interests 01 Mar 2012 The IASB discussed aspects of prior discussions held by the IFRS Interpretations Committee on aspects of the accounting for put options written on non controlling interests in the consolidated financial statements of the controlling shareholder NCI puts IAS 32 Put options written over non controlling interests 17 Jan 2012 The IFRS Interpretations Committee continued its discussions on how changes in the value of a put option over non controlling interests should be accounted for The Committee tentatively agreed to move forward with the development of application guidance Put options over non controlling interests 16 Nov 2011 The Board voted not to amend the scope of IAS 32 to exclude put options over non controlling interests However the Board expressed support for considering clarifying the accounting for subsequent changes in the measurement of such puts rather than by changing the measurement basis of the non controlling interest IAS 32 Put options written over non controlling interests 03 Nov 2011 The Committee considered their potential involvement in a possible IASB project to clarify the accounting for subsequent changes in the measurement of written put options over non controlling interests Accounting for put options written over non controlling interests 20 Sep 2011 The Board upon recommendation from the IFRS Interpretations Committee discussed a possible scope exclusion to IAS 32 for put options written over the non controlling interest in the consolidated financial statements of a group IAS 32 Put options written over non controlling interests 10 Mar 2011 The IFRS Interpretations Committee continued its discussion on the accounting for written

    Original URL path: http://www.iasplus.com/en/projects/completed/fi/ias-32-nci-put-options (2016-02-10)
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  • IAS 33 — Items not added to the agenda
    not added to the agenda IAS 14 Items not added to the agenda IAS 16 Items not added to the agenda IAS 17 Items not added to the agenda IAS 18 Items not added to the agenda IAS 19 Items not added to the agenda IAS 20 Items not added to the agenda IAS 21 Items not added to the agenda IAS 23 Items not added to the agenda IAS 24 Items not added to the agenda IAS 26 Items not added to the agenda IAS 27 Items not added to the agenda IAS 28 Items not added to the agenda IAS 29 Items not added to the agenda IAS 31 Items not added to the agenda IAS 32 Items not added to the agenda IAS 33 Items not added to the agenda IAS 34 Items not added to the agenda IAS 36 Items not added to the agenda IAS 37 Items not added to the agenda IAS 38 Items not added to the agenda IAS 39 Items not added to the agenda IAS 40 Items not added to the agenda IAS 41 Items not added to the agenda IFRS 1 Items not added to the agenda IFRS 2 Items not added to the agenda IFRS 3 Items not added to the agenda IFRS 4 Items not added to the agenda IFRS 5 Items not added to the agenda IFRS 6 Items not added to the agenda IFRS 7 Items not added to the agenda IFRS 8 Items not added to the agenda IFRS 9 Items not added to the agenda IFRS 10 Items not added to the agenda IFRS 11 Items not added to the agenda IFRS 12 Items not added to the agenda IFRS 13 Items not added to the agenda IFRS 14 Items not added to the

    Original URL path: http://www.iasplus.com/en/projects/not-added/ias-33-not-added (2016-02-10)
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  • IAS 34 — Disclosures in interim reporting periods
    disposals and discontinued operations Business reporting on the internet Disclosure initiative IAS 1 amendments Disclosure initiative Net debt Earnings per share Financial statement presentation Comprehensive project Financial statement presentation Financial statements and comparatives Financial statement presentation Other comprehensive income IAS 1 Disclosures about going concern IAS 24 State controlled entities and definition of related party IAS 34 Disclosures in interim reporting periods IFRS 5 Definition of discontinued operations IFRS for small and medium sized entities IFRS for SMEs Comprehensive review 2012 2014 Management commentary Reporting comprehensive income performance reporting Segment reporting Convergence issues Info IAS 34 Disclosures in interim reporting periods Background At the January 2009 IASB meeting the staff informed the Board of a cross cutting issue identified during the staff s work on IFRS 7 Financial Instruments Disclosures The issue is whether or not particular disclosure requirements within IFRS 7 should be mandated for interim reporting under IAS 34 Interim Financial Reporting The staff noted that possible updating of the disclosure requirements in IAS 34 is an issue that arises in other agenda projects not just the one on IFRS 7 Current status of the project This project has been completed The IASB included proposals for amendments to IAS 34 in the Annual Improvements process The IASB issued Annual Improvements to IFRSs 2010 on 6 May 2010 The amendments are effective for annual periods beginning on or after 1 January 2011 Related Discussions IAS 34 Disclosure of information elsewhere in the interim financial report 22 May 2013 The Board discussed the proposals to clarify the meaning of interim financial report and to require the inclusion of a cross reference from the interim financial statements to the location of this information Annual improvements 2012 2014 cycle IFRS 7 24 Apr 2013 The Board voted in favor for amending IFRS

    Original URL path: http://www.iasplus.com/en/projects/completed/fs/project8 (2016-02-10)
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  • IAS 34 — Interaction with IAS 36 and IAS 39
    business combinations Employee benefits Financial instruments Financial statements and disclosure First time adoption Income taxes Leases Liabilities Revenue Share based payments Other Items not added to the agenda IFRIC Navigation Other Effective dates and transition Fair value measurement Government grants IAS 23 US GAAP convergence project IAS 29 First time adoption of IAS 29 IAS 34 Interaction with IAS 36 and IAS 39 IAS 8 Effective dates and transition methods IASB FASB convergence Insurance contracts Phase I Preface to International Financial Reporting Standards Service concession arrangements IFRS 13 Unit of account Info IAS 34 Interaction with IAS 36 and IAS 39 Background This project concerns an apparent inconsistency between IAS 34 Interim Financial Reporting and IAS 36 Impairment of Assets and IAS 39 Financial Instruments Recognition and Measurement IAS 34 states that the frequency of financial reporting will not affect the total numbers reported for an annual period However because IAS 36 and IAS 39 prohibit the reversal of certain impairment losses in fact if an impairment loss is recorded in an interim period and has reversed by the year end the frequency of reporting will effect the numbers in the annual report This is because had the entity not prepared an interim report the impairment loss need not have been recognised but because the interim report was prepared it was recognised and cannot be reversed Current status of the project This project has been completed IFRIC 10 Interim Financial Reporting and Impairment was issued on 20 July 2006 Project milestones Date Development Comments 12 January 2006 IFRIC D18 Interim Financial Reporting and Impairment issued Comment deadline 31 March 2006 20 July 2006 IFRIC 10 Interim Financial Reporting and Impairment issued Effective for annual reporting periods beginning on or after 1 November 2006 Quick links IFRIC 10 Interim Financial Reporting

    Original URL path: http://www.iasplus.com/en/projects/completed/other/project119 (2016-02-10)
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