IFRS PRACTICAL IMPLEMENTATION GUIDE AND WORKBOOK

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Index

lAS 20, Accounting f or Government Grants and Disclosure ofGovernment Assistance, 186-191 Government Assistance-No Specific Relation to Operating Activities (SIC 10),4 Government grants, 152 for agricultural activity, 355 defined , 152, 353 lAS 20, Accounting f or Government Gran ts and Disclosure of Government Assistan ce, 4, 151-157, 186– 191 nonmonetary, 155 recognition of, 152-155 repayment of, 156 Grants related to assets: defined, 152 Greece, IFRS adoption by, 1 Gross basis, for reporting cash flows, 41-42 Guatemala, IFRS adoption by, 1 Guyana, IFRS adoption by, 1 H Haiti, IFRS adoption by, 1 Hedges ofa Net Investment in a Foreign Operation (Draft IFRIC 022), 7 Hedge accounting, 270-278 account ing conditions, 271– 272 accounting treatments, 270- 271 cash flow hedge, 274-277 fair value hedge, 272-274 for first-time IFRS adopters, 370 hedge effectiveness assessment and measurement, 277- 278 hedge of a net investment in a foreign operation, 277 hedging relationships, 270 macrohedging, 278 Hedge items, 270 Hedging instrument, 270 presentation of, 155 repayment of, 156 Grants related to income: defined, 152 presentation of, 155-156 repayment of, 156 disclosure of, 452-453 discontinuation of, 278

of exploration and evaluation of mineral resources assets, 442--443 offinancial assets, 261-265 IFRIC 10, Interim Financial Reporting and Impairment, 6 of intangible assets, 338 and interim financial reporting, 301 reversal of losses, 264 Impairment losses, 205-206 allocation of, 311-312 defined,304 disclosure of, 313 identifying, 304-305 and interim reporting, 30 I recognition and measurement of,308 reversal of, 312- 313 Impairment ofAssets (lAS 36), 4,304-314 allocation of impairment loss, 311- 312 cash-generating units, 308- 310 corporate assets, 310-3 11 definitions, 304 determination of recoverable amount, 305-306 disclosure requirements, 313 financial statements, 313- 314 fair value less costs to sell, 406 future cash flows, 406-307 goodwill, 310 identifying impairment losses, 304-305 and IFRS 6, 440 recognition and measurement of impairment loss, 308 reversal of impairment loss, 312-31 3 scope of standard, 304 timing of impairment test, 310 value-in-u se, 406 Impairment test, 310 Impracticable, 13 Incentive payments: in construction contracts, 68, 69 defined,67 Income, 10 Income statements, 18-19 disclosures on, 452 employee benefits on, 141 for hyper inflationary economies, 211-2 12 for interim reports, 300 Income Taxes (lAS 12),3,71-92 accounting for deferred tax, 79- 80 discount rate, 307- 308 extract s from published

Held-to-maturity investments (HTM), 239-240 amortized cost for, 254 impaired, 262-263 reversal of impairment losses, 264 Herzegovina, IFRS adoption by,1 Honduras, IFRS adoption by, 1 Hong Kong: IFRS adoption by, I national standards of, 363 Host contracts, 267 HTM, see Held-to-maturity investments Hungary, IFRS adoption by, 1 Hyperinflationary economies: functional currency of, 159 lAS 29, Financial Reporting in Hyperinflationary Economies, 210-213 IFRIC 7, Applying the Restatement Approach under lAS 29, Finan cial Reporting in Hyperinflationary Economies, 6, 213 I lAS 19-The Limit on a Defined Benefit Asset, Minimum Funding Requirements and Their Interaction (IFRIC 14), 6,144 IASB, see International Accounting Standards Board IASC, see International Accounting Standards Committee IASC Board, 3, 4 IASC Foundation (International Accounting Standards Committee Foundation), 5 IASC Foundation Trustees, 5 Iceland, IFRS adoption by, 1 IFAC (International Federation of Accountants), 2 IFRIC, see International Financial Reporting Interpretations Committee IFRS, see International Financial Reporting Standards IFRS 2-Group and Treasury Share Transactions (IFRIC 11),6,7,386-387 Impairment: of assets, 26 1-265, 304-314, 338

Held for sale, 428. See also Noncurrent assets held for sale