IFRS PRACTICAL IMPLEMENTATION GUIDE AND WORKBOOK

473

Index

measurement of revenue , 130-- 131 rendering of services, 133-1 34

for first-time IFRS adopters, 366 Research: defined,330 expenditures for, 333 Residual va lue (of an asset): defined, I08, 33 1 intangible assets, 338 Restatement approach, 6, 213 Restoration: IFRIC I, Changes in Existing Decommissioning. Restoration and Similar Liabilities. 6 IFRIC 5, Rights to Interests Arising from Decommissioning. Restoration and Environmental Rehabilitation Funds. 6 Restructuring: defined, 318 of provisions, 32 1- 322 Retirement, of intangible asset s, 338 Retirement benefit plans. See also Defin ed benefit plan s; Defin ed contribution plans defined, 187 lAS 19, Employee Benefi ts. 137-1 48 lAS 26, Accounting and Reporting by Retirement Benefi t Plans. 186- 191 Retrospe ctiv e cha nges in accounting policies, 53-55 Retrospective effectiveness (hedges), 277 Return on plan asse ts, 137 Revaluation, as deemed cost , 368 Revaluation mod el (assets), HI , 336-337 Revenue: deferred, 223 defi ned, 130 gains vs., 129 recognition for construction contracts, 69-70 segment, 98 Revenue (lAS 18),3, 129-135 defini tions, 130 disclosures, 134 extracts from published financial statements, 135 identification of a transaction, 131 IFRIC 13 customer loyalty programs, 134 interest, royalties, and dividends, 134

of constructio n contract revenue and expenses, 69-70, 72 of deferred tax assets, 387 of dividend revenue, 134 of employee benefits, 140 of exchange differences, 160– 161 of expenses, 335- 336 of exploration and eva luation of mineral resources, 441 of financial asse ts or liabilities, 242-243 of government grants, 152-1 55 of impairment losses, 308 of interest income on impaired financial assets, 264 assets after, 336- 337 of property, plant, and equipment, 108-1 10 of provisions, 318-3 19 of revenue from rendering of services, 133-1 34 of royalty revenue, 134 of sale of good s revenue, 131– 133 of share-based payme nts, 382– 383 of tax liabilities/assets, 83-84 Recoverable amo unt of an asset or a cash-generating unit: defined, 304 determination of, 305-306 Related parties, 177 Related-Party Disclosures (lAS 24),4, 176-184 defi nitions, 177- 180 disclosures, 181-182 explanation and elabo ration of definitions, 178-1 80 extracts from published financial statements, 183-1 84 proposed amendment to, 7 scope exclusions, 181 scope of standard, 176-1 77 Related-party transactions, 177, 180 Rel evance of financi al statements, 9 Reliability of financial statements, 9- 10 Reportable segme nts, 95-97, 103 Reporting date, 364 Reporting period: for financial statements, 16 of interest revenue, 134 of inventory expe nse, 32 of investment properties, 346 measurement of intangible

sale of goods, 13 1- 133 scope of sta ndard. 129

Revenu e-Barter Tran saction s In volving Advertising Services (SIC 31), 4 Rights to Interests Arising from Decommissioning, Restoration and En vironmental Rehabilitation Funds (IFRIC 5),6,197,324-325 Risks: from financial instruments, 453--455 in insurance contracts, 423 , 424 Romania, IFRS adoption by, 1 Royalty revenue, recognition of, 134 Ru ssia, IFRS adoption by, 1 S SAC (Sta ndards Adv isor y Council), 6 Sa le and lea seb ack tran sactions, 123-124 Sa le of goods revenue, rec ognitio n of, 131-133 Scope of IFR S 2 (l FRIC 8), 6 Secur ities and Exchange Commission (SEC) , 2 Segme nts : operating, 103 reportable, 95-97, 103 Segmenting con struction contracts, 67-68 Segme nt Reporting (l AS 14), 3, 94-102 definitions, 94 disclos ure, 100--10I extracts from published financia l statement s, 10I- I02 identifying business and geographical segments, 94-95 IFRS 8 vs., 104 reportable segments, 95- 97 segment information , 97- 100 Serbia, IFRS adoption by, 1 Se r vices, r ecognition of revenue from, 133-134 Servi ce Concession Arrangements (IFRIC 12),6, 72 Serv ice conditions, for sha re – based payments, 391 Serv ice providers, inventor ies of,29 Settlements, 142 Shadow accounting, 423