IFRS PRACTICAL IMPLEMENTATION GUIDE AND WORKBOOK

Index

474

Treasury stock method, 291 Trinidad and Tobago, IFRS adoption by, 1 True and fair override, 15 Trustees of IASC Foundation,S Turkey, IFRS adoption by, 1 U Ukraine, IFRS adoption by, 1 Unders ta ndability of financial sta tements , 9 United Arab Emirates, IFRS adoption by, 1 United Kingdom, IFRS adoption by, 1 United States, local accounting sta nda rds in, 2 Uruguay, IFRS adoption by, 1 Useful life: defined,108, 331 and depreciation, 111-112 of intangible assets, 337-338 US Generally Accepted Accounting Principles (US GAAP),2 and adoption of IFRS , 362 comparing IASB standards to, 52 differe nce between IFRS and, 105 v Valuation: of inventory , 28 techniques for, 258 Value-in-use, 304, 306 Variations: in construction contracts, 68, 69 defined, 67 Venezuela, IFRS adoption by, 1 Venturers, 215 Vested benefits, 187 Vesting conditions, for share– based payments, 391 W Warranty obligations, 223 Web site development costs, 4, 336 Weighted-average cost method, 39-31

Standards Advisory Council (SAC), 6 Standing Interpretations Committee (SIC), 3, 4 Statement of changes in equity, 19,24,300 Statement of comprehensive income, 24 Statement of financial position, 24 Step acquisitions, 410 Subsidiaries, 193-195 defined, 193 disposal of, 42 of first-time IFRS adopters, 369 Swaps, on cash flow statement, 42 Sweden, IFRS adoption by, 1 T Tajikistan, IFRS adoption by, 1 Tanzania, IFRS adoption by, 1 Taxes: income, 82. See also Income Taxes (lAS 12); Income Taxes- Changes in the Tax Income Taxes-Recovery of Revalued Nondepreciable Assets (SIC 21) and resta tement of financial statements, 212-213 Taxable temporary differences, 77 Tax base, 77, 78 Temporary differences: from adj ustments on consolidation, 80 from consolidated financial statements, 80-8 1 deductibl e, 77, 82 and deferred taxes, 79 defined, 77 not recognized for deferred tax, 81- 82 taxable, 77 Theoretical ex-rights fair value, 289 Transaction costs, 251 Transfers of financial assets, 244-246,348-349 Treasury shares, 230 Status ofan Entity or Its Shareholders (SIC 25);

Share-based payment: defi ned,382 tax relief for, 84 Share-Ba sed Payment (IFRS 2), 5,382-398 cash-settled transactions, 384- 385 deferred tax implications, 387 defi nitions, 382 disclosure, 388-39 1 equity-settled transactions, 383-384 extracts from published financial statements, 392- 398 IFRIC 8, Scope of IFRS 2, 6 IFRIC II , IFRS 2. Group and Treasury Share Transactions. 6,386-387 proposed amendment to, 7, 75 recent IFRS 2 amendments, 39 1- 392 recognition, 382-383 transactions that can be settled for shares or cash, 385-386 Short-term receivables/payables, 252 SIC, see Standing Interpretations Committee Significant influence, 202-203 Slovak ia, IFRS adoption by, 1 Slov enia, IFRS adoption by, 1 Small and Medium-Sized Entities (proposed IFRS), 6 South Africa, IFRS adoption by, I South Korea , IFRS adoption by, 1 Spain, IFRS adoption by, 1 Special-purpose entities (SPEs), 4,197,247 Split accounting, 226-228 Spot rate: defin ed, 159 recording at, 160 Sri Lanka, IFRS adoption by, 1 Stable platform of Standards,S Stage of completion, for construction contracts, 70 defined , 177, 202 loss of, 198, 204 Singapore: IFRS adoption by, I national standards of, 363