IFRS PRACTICAL IMPLEMENTATION GUIDE AND WORKBOOK

461

Index

Agricultu ra l produce: defined, 353 disclosures for, 358 gains and losses on, 354 gove rnment grants related to, 355 measurement of, 354 recognition of, 353 Agriculture (lAS 41), 4, 353-359 definitions, 353 disclosures , 355 extracts from published financial statements, 355-356 issues in, 355-357 measurement, 354 recog nition, 353 Allowance account, for credit losses, 451 Allowed alternative treatment (borrowing costs) , 172 Amendments: adoption date for, 5 to lAS 1, 2 1- 25 fair value reliability, 355 gains and losses, 354-355 government gran ts, 355 to IFRS 2, 39 1-392 to IFRS 3,4 10-411 proposed, 7 Amortization, of intangible assets, 338 Amortized cost, 254-257 Antidilution, 286 Applying the Restatement Approach under lAS 29 Financial Reporting in Hyperinflationary Economies (IFRIC 7), 6, 213 Armenia , IFRS adoption by, 1 ASBJ (Accounting Standards Board of Japan), 2 Assets: on balance sheet, 17 contingent (possible), 3 18, 324-325 current taxes, 79 deferred tax, 82-83 defined, 10,330 excess of carrying amount over recoverable amount, 175 for exploration and eva luation, 440 financia l, see Financial asse ts for first-time IFRS adopters, 369 to lAS 23, 172- 173 to lAS 27,197- 198 to lAS 39, 278

changes in accounti ng estimates, 55-57 consistency of accounti ng policies, 52 correction of prior-period errors, 57-58 definitions, 5 1 disclosure s with respect to changes in accounting policies, 55 extracts from published financial statements, 59 factors gove rning changes in accounting policies, 53 and IFRS 6, 440, 44 1 limitations of retrospective application , 54-55 management judgment in developing/applying policies, 8 objec tives of, 5 1 selection and applic ation of accounting policies, 51-52 Accounting Standards Board of Japan (ASBJ), 2 Accrual ba sis of accounting, 8– 9,16 Acquisitions. See also Business Combinations (IFRS 3) on cash flow statement, 42 costs of, 404, 4 10 identifying an acquirer, 403 net assets acquired, 404-406 of noncurrent assets for disposal, 430 piecemeal, 406-408 step, 410 Active market, 353 Actuarial gains and losses: corridor approach for, 144, 146 defined, 137 for defined benefit plans, 143– 144 for first-time IFRS adopters, 369 full recognition approach for, 144 Actuarial present value of promised retirement benefits, 186,189 Adjusting events after the balance sheet date, 61-64 Advertising, barter involving, 131 Advisory committees, 6 AFS, see Available-for-sale financial assets Aggregation, in presentation of statements, 16

A Abandonment, 430

Accounting and Reporting by Retirement Benefit Plans (lAS 26),4, 186-191 defined benefit plans, 188-1 90 defined contribution plans, 187-1 88 definit ions, 186-1 87 disclosures, 188-1 91 lAS 19 contrasted with, 186 scope of standard, 186 Accounting estimates: changes in, 51, 55- 57 for first-time IFRS adopters, 370 Accounting for Government Grants and Disclosure of Government Assistance (lAS 20),4, 151-157 definitions, 151-152 disclosures, 156 extracts from published financial statements, 157 government assista nce, 156 government grants, 152 nonmonetary grants, 155 presenta tion of grants related to assets, 155-1 56 recognition of government grants, 152- 155 repayment of government grants, 156 scope of standard, 151 Accounting policies: changes in, see Changes in accounting policies consistency of, 52 for consolidated financial statements, 194-1 95 defined,51 disclosure of, 20, 452 for exploration and evaluation of mineral resources, 44 1 for first-time IFRS adopters, 366 for interim financial reporting, 30 1 management judgment in developing/applying, 8 for segments, 97 selection and application of, 51-52 Accounting Policies, Changes in

Accounting Estimates and Errors (lA S 8), 3, 51-59 accounting policies, 5 1 applying changes in accounting policies, 53-54