This document provides an overview of the notes for the JKUAT course HBAA 3202 Advanced Financial Reporting. The notes cover International Financial Reporting Standards (IFRS) from a framework-based perspective, linking broad concepts and principles to specific IFRS requirements. Key topics covered in the notes include the objective of financial reporting, the conceptual framework underlying IFRS including qualitative characteristics and elements, and recognition criteria for assets and liabilities. Examples are provided to illustrate IFRS classification of various items.
The primary objective of the project is to understand the process of Project Appraisal for Term Loan & assessment for Working Capital Requirements. This includes evaluation of Financial Statements, Purpose for which facility is availed, Technical & Financial feasibility of project, Credit History, Managerial Competence and Past Experience in case of Term Loan.
Webinar slides: What does climate-related financial disclosure really look likeCDSB
This webinar helps you understand how to overcome common TCFD implementation challenges and discover practical guidance and examples of good practice for disclosing climate-related financial information.
Speakers:
Jane Thostrup Jagd, Lead Financial Consultation, Ørsted
Fiona Quinlan, Technical Manager, CDSB
IFRS® Conceptual Framework
Project Summary
March 2018
Conceptual Framework for Financial Reporting
2 | Project Summary | Conceptual Framework | March 2018
Conceptual Framework at a glance
Introduction
The International Accounting Standards Board (Board) issued the revised
Conceptual Framework for Financial Reporting (Conceptual Framework), a
comprehensive set of concepts for financial reporting, in March 2018.
It sets out:
• the objective of financial reporting
• the qualitative characteristics of useful financial information
• a description of the reporting entity and its boundary
• definitions of an asset, a liability, equity, income and expenses
• criteria for including assets and liabilities in financial statements
(recognition) and guidance on when to remove them (derecognition)
• measurement bases and guidance on when to use them
• concepts and guidance on presentation and disclosure
This Project Summary summarises:
• why the Board revised the Conceptual Framework
• the main changes from the previous Conceptual Framework
• the main concepts and guidance in each chapter of the
Conceptual Framework
Purpose
• to assist the Board to develop IFRS Standards (Standards) based on
consistent concepts, resulting in financial information that is useful to
investors, lenders and other creditors
• to assist preparers of financial reports to develop consistent accounting
policies for transactions or other events when no Standard applies or a
Standard allows a choice of accounting policies
• to assist all parties to understand and interpret Standards
Status
• provides concepts and guidance that underpin the decisions the Board
makes when developing Standards
• not a Standard
• does not override any Standard or any requirement in a Standard
Effective date
• immediately for the Board and the IFRS Interpretations Committee
• annual periods beginning on or after 1 January 2020 for preparers who
develop an accounting policy based on the Conceptual Framework
Project Summary | Conceptual Framework | March 2018 | 3
Why have we revised the Conceptual Framework?
Priority
identified as a priority by stakeholders in the 2011 Agenda Consultation
Filling gaps
for example, guidance on measurement, presentation and disclosure
Updating
for example, the definitions of an asset and a liability
Clarifying
for example, the role of measurement uncertainty
Previous
Conceptual Framework
Revised
Conceptual Framework
• issued in 1989 and partly revised in 2010
• useful, but incomplete and needed improvement
• a comprehensive set of concepts for financial reporting
Approach
In revising the Conceptual Framework, the Board
sought a balance between providing high-level
concepts and providing enough detail for the
Conceptual Framework to be useful to the Board
and others.
The Board views the Conceptual Framework as a
practical tool to help it develop Standards.
Hence, the Conceptual Framework includes concepts ...
The primary objective of the project is to understand the process of Project Appraisal for Term Loan & assessment for Working Capital Requirements. This includes evaluation of Financial Statements, Purpose for which facility is availed, Technical & Financial feasibility of project, Credit History, Managerial Competence and Past Experience in case of Term Loan.
Webinar slides: What does climate-related financial disclosure really look likeCDSB
This webinar helps you understand how to overcome common TCFD implementation challenges and discover practical guidance and examples of good practice for disclosing climate-related financial information.
Speakers:
Jane Thostrup Jagd, Lead Financial Consultation, Ørsted
Fiona Quinlan, Technical Manager, CDSB
IFRS® Conceptual Framework
Project Summary
March 2018
Conceptual Framework for Financial Reporting
2 | Project Summary | Conceptual Framework | March 2018
Conceptual Framework at a glance
Introduction
The International Accounting Standards Board (Board) issued the revised
Conceptual Framework for Financial Reporting (Conceptual Framework), a
comprehensive set of concepts for financial reporting, in March 2018.
It sets out:
• the objective of financial reporting
• the qualitative characteristics of useful financial information
• a description of the reporting entity and its boundary
• definitions of an asset, a liability, equity, income and expenses
• criteria for including assets and liabilities in financial statements
(recognition) and guidance on when to remove them (derecognition)
• measurement bases and guidance on when to use them
• concepts and guidance on presentation and disclosure
This Project Summary summarises:
• why the Board revised the Conceptual Framework
• the main changes from the previous Conceptual Framework
• the main concepts and guidance in each chapter of the
Conceptual Framework
Purpose
• to assist the Board to develop IFRS Standards (Standards) based on
consistent concepts, resulting in financial information that is useful to
investors, lenders and other creditors
• to assist preparers of financial reports to develop consistent accounting
policies for transactions or other events when no Standard applies or a
Standard allows a choice of accounting policies
• to assist all parties to understand and interpret Standards
Status
• provides concepts and guidance that underpin the decisions the Board
makes when developing Standards
• not a Standard
• does not override any Standard or any requirement in a Standard
Effective date
• immediately for the Board and the IFRS Interpretations Committee
• annual periods beginning on or after 1 January 2020 for preparers who
develop an accounting policy based on the Conceptual Framework
Project Summary | Conceptual Framework | March 2018 | 3
Why have we revised the Conceptual Framework?
Priority
identified as a priority by stakeholders in the 2011 Agenda Consultation
Filling gaps
for example, guidance on measurement, presentation and disclosure
Updating
for example, the definitions of an asset and a liability
Clarifying
for example, the role of measurement uncertainty
Previous
Conceptual Framework
Revised
Conceptual Framework
• issued in 1989 and partly revised in 2010
• useful, but incomplete and needed improvement
• a comprehensive set of concepts for financial reporting
Approach
In revising the Conceptual Framework, the Board
sought a balance between providing high-level
concepts and providing enough detail for the
Conceptual Framework to be useful to the Board
and others.
The Board views the Conceptual Framework as a
practical tool to help it develop Standards.
Hence, the Conceptual Framework includes concepts ...
Leaders from two Huron Education clients – Georgia Tech and Northern Kentucky University – described to large audiences at the annual meeting of the National Association of College and University Business Officers (NACUBO) initiatives they have undertaken that are resulting in greater efficiency and administrative cost reductions.
This presentation by Adrian Blundell-Wignall was prepared for a session at COP21 on "Governance of Institutional Investments: Fiduciary standards for addressing green finance and the portfolio impact of climate change".
Find out more:
http://www.oecd.org/finance/COP21session-GovernanceofinstitutionalinvestmentsFiduciarystandardsforaddressinggreenfinanceandtheportfolioimpactofclimatechange.htm
http://www.oecd.org/daf/
FuturePMO 2017 - Susan Palmer-Trew, The Open University: Do Less. Do it Better.Wellingtone
The Open University, alongside many other HEIs, faces significant challenges in allocating its scarce resources, both in terms of financial resources and the efforts of its staff and our ability to make the best decisions – and the University’s ability to successfully execute those decisions – is critical to achieving our strategic goal. In Autumn 2016, we put the brakes on the volume of change we were trying to achieve as an institution, we were falling short in both our ability to identify the right changes and to deliver them well.
This session will be both reflective and proactive, sharing our transition as a PMO through considerable cultural and procedural change and sharing how our approach is impacting the OU’s capacity and capability to manage, lead and land change in order to deliver the best for our students.
Budget management and transformation - Zi Hao Wong & Yan Chun Lim, SingaporeOECD Governance
This presentation was made by Zi Hao Wong & Yan Chun Lim, Singapore, at the 14th OECD-Asian Senior Budget Officials Meeting held in Bangkok, Thailand, on 13-14 December 2018
Across the world, governments are searching for new policy measures to mobilise investment for long-term sustainable development. The UNEP Inquiry is working across 15 countries to identify practical policy options and in India is partnering with FICCI, which has formed a national advisory committee, chaired by Ms Naina Lal Kidwai, Chairman HSBC India and Executive Director HSBC Asia Pacific.
This is the Interim Report of the UNEP India Inquiry work, a recommendatory report for developing a long-term sustainable financial system.
3 Simple Steps To Buy Verified Payoneer Account In 2024SEOSMMEARTH
Buy Verified Payoneer Account: Quick and Secure Way to Receive Payments
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Leaders from two Huron Education clients – Georgia Tech and Northern Kentucky University – described to large audiences at the annual meeting of the National Association of College and University Business Officers (NACUBO) initiatives they have undertaken that are resulting in greater efficiency and administrative cost reductions.
This presentation by Adrian Blundell-Wignall was prepared for a session at COP21 on "Governance of Institutional Investments: Fiduciary standards for addressing green finance and the portfolio impact of climate change".
Find out more:
http://www.oecd.org/finance/COP21session-GovernanceofinstitutionalinvestmentsFiduciarystandardsforaddressinggreenfinanceandtheportfolioimpactofclimatechange.htm
http://www.oecd.org/daf/
FuturePMO 2017 - Susan Palmer-Trew, The Open University: Do Less. Do it Better.Wellingtone
The Open University, alongside many other HEIs, faces significant challenges in allocating its scarce resources, both in terms of financial resources and the efforts of its staff and our ability to make the best decisions – and the University’s ability to successfully execute those decisions – is critical to achieving our strategic goal. In Autumn 2016, we put the brakes on the volume of change we were trying to achieve as an institution, we were falling short in both our ability to identify the right changes and to deliver them well.
This session will be both reflective and proactive, sharing our transition as a PMO through considerable cultural and procedural change and sharing how our approach is impacting the OU’s capacity and capability to manage, lead and land change in order to deliver the best for our students.
Budget management and transformation - Zi Hao Wong & Yan Chun Lim, SingaporeOECD Governance
This presentation was made by Zi Hao Wong & Yan Chun Lim, Singapore, at the 14th OECD-Asian Senior Budget Officials Meeting held in Bangkok, Thailand, on 13-14 December 2018
Across the world, governments are searching for new policy measures to mobilise investment for long-term sustainable development. The UNEP Inquiry is working across 15 countries to identify practical policy options and in India is partnering with FICCI, which has formed a national advisory committee, chaired by Ms Naina Lal Kidwai, Chairman HSBC India and Executive Director HSBC Asia Pacific.
This is the Interim Report of the UNEP India Inquiry work, a recommendatory report for developing a long-term sustainable financial system.
3 Simple Steps To Buy Verified Payoneer Account In 2024SEOSMMEARTH
Buy Verified Payoneer Account: Quick and Secure Way to Receive Payments
Buy Verified Payoneer Account With 100% secure documents, [ USA, UK, CA ]. Are you looking for a reliable and safe way to receive payments online? Then you need buy verified Payoneer account ! Payoneer is a global payment platform that allows businesses and individuals to send and receive money in over 200 countries.
If You Want To More Information just Contact Now:
Skype: SEOSMMEARTH
Telegram: @seosmmearth
Gmail: seosmmearth@gmail.com
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
The 10 Most Influential Leaders Guiding Corporate Evolution, 2024.pdfthesiliconleaders
In the recent edition, The 10 Most Influential Leaders Guiding Corporate Evolution, 2024, The Silicon Leaders magazine gladly features Dejan Štancer, President of the Global Chamber of Business Leaders (GCBL), along with other leaders.
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
buy old yahoo accounts buy yahoo accountsSusan Laney
As a business owner, I understand the importance of having a strong online presence and leveraging various digital platforms to reach and engage with your target audience. One often overlooked yet highly valuable asset in this regard is the humble Yahoo account. While many may perceive Yahoo as a relic of the past, the truth is that these accounts still hold immense potential for businesses of all sizes.
Recruiting in the Digital Age: A Social Media MasterclassLuanWise
In this masterclass, presented at the Global HR Summit on 5th June 2024, Luan Wise explored the essential features of social media platforms that support talent acquisition, including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
In the Adani-Hindenburg case, what is SEBI investigating.pptxAdani case
Adani SEBI investigation revealed that the latter had sought information from five foreign jurisdictions concerning the holdings of the firm’s foreign portfolio investors (FPIs) in relation to the alleged violations of the MPS Regulations. Nevertheless, the economic interest of the twelve FPIs based in tax haven jurisdictions still needs to be determined. The Adani Group firms classed these FPIs as public shareholders. According to Hindenburg, FPIs were used to get around regulatory standards.
How to Implement a Real Estate CRM SoftwareSalesTown
To implement a CRM for real estate, set clear goals, choose a CRM with key real estate features, and customize it to your needs. Migrate your data, train your team, and use automation to save time. Monitor performance, ensure data security, and use the CRM to enhance marketing. Regularly check its effectiveness to improve your business.
FIA officials brutally tortured innocent and snatched 200 Bitcoins of worth 4...jamalseoexpert1978
Farman Ayaz Khattak and Ehtesham Matloob are government officials in CTW Counter terrorism wing Islamabad, in Federal Investigation Agency FIA Headquarters. CTW and FIA kidnapped crypto currency owner from Islamabad and snatched 200 Bitcoins those worth of 4 billion rupees in Pakistan currency. There is not Cryptocurrency Regulations in Pakistan & CTW is official dacoit and stealing digital assets from the innocent crypto holders and making fake cases of terrorism to keep them silent.
Structural Design Process: Step-by-Step Guide for BuildingsChandresh Chudasama
The structural design process is explained: Follow our step-by-step guide to understand building design intricacies and ensure structural integrity. Learn how to build wonderful buildings with the help of our detailed information. Learn how to create structures with durability and reliability and also gain insights on ways of managing structures.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).