480 / 488
468
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
presentation of, 155
repayment of, 156
Grants related to income:
defined, 152
presentation of, 155-156
repayment of, 156
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
disclosure of, 452-453
discontinuation of, 278
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
Held for sale, 428.
See also
Noncurrent assets held for
sale
Index
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
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
discount rate, 307- 308
extract s from published
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