482 / 488
470
International Organization of
Securities Commissions
(IOSCO),3
Interpretations:
IFRIC, 6
outstanding, for drafts, 7
SIC, 4
Introduction of the Euro
(SIC
7),4
Inventories:
defined, 27
as qualifying assets, 171
Inventories
(lAS 2),3, 27-33
cost formulas, 29-3 1
cost of inventories, 28-29
definitions, 27-28
disclosure, 32
extracts from published
financial statements, 32-33
measurement of inventories, 28
net realizable value, 31- 32
recognition of expense, 32
scope of standard, 27
techniques of measurement of
costs, 29
Investing activities:
on cash flow statement, 37, 38
defined, 35
Investments, income tax
liability for, 82
In vestments in Associates
(lAS
28), 4, 202-208
acquisition of associate and
accounting treatment, 204–
205
definitions, 202
disclosures, 206
equity method, 203
exceptions to equity method,
204
extracts from published
financial statements, 207-208
impairment losses, 205-206
investor ceases to have
significant influence, 204
significant influence, 202-203
In vestment properties:
defined, 345
fair value model for, 11 9
In vestment Property
(lAS 40), 4,
345-351
criteria for investment
property, 345- 346
definitions, 345
disclosures, 349-351
disposals, 349
extracts from published
financial statements, 351
measurement, 346-349
recognition, 346
Index
Inve stor in a joint venture:
defined, 215
financial statements of, 217–
218
IOSCO (International
Organization of Securities
Commissions), 3
Ireland, IFRS adoption by, 1
Israel, IFRS adoption by, 1
Italy, IFRS adoption by, 1
J
Jamaica, IFRS adoption by, 1
Japan, local accounting
standards in, 2
Joint Arrangements
(ED 9,
proposed), 6
Joint control, 177, 198, 215
Jointly controlled assets, 216
Jointly controlled entities, 216-
217
Jointly Controlled Entities–
Nonmonetary Contributions by
Venturers
(SIC
13),
4
Jointly controlled operations,
216
Joint ventures, 180, 215-219
defined, 215
of first-time IFRS adopters,
369
investors in, 215
Jordan, IFRS adoption by, 1
K
Kazakhstan, IFRS adoption by,
1
Ken ya, IFRS adoption by, 1
Key management personnel,
178,180
compensation of, 181
defined, 177
Kuwait, IFRS adoption by, 1
Kyrgyzstan, IFRS adoption by,
1
L
Land, leases of, 118
Latvia, IFRS adoption by, 1
Leases:
defined, 117
IFRIC 4,
Determining Whether
an Arrangement Contains a
Lease,
6
of land, 118
Leases
(lAS 17),3,117-126
classification of leases, 117–
119
definitions, I 17
extracts from published
financial statements, 125-1 26
leases in financial statements of
lessees, 119- I22
leases in financial statements of
lessors, 122-1 23
other transactions involving the
legal form of a lease, 123, 124
sale and leaseback transactions,
123-1 24
scope of standard, 117
Leased assets, 222
Lebanon, IFRS adoption by, 1
Legal obligations, 318
Lessees, leases in financial
statements of, 119-122
Liabilities:
on balance sheet, 17
contingent, 317-318, 323-324
current tax expense as, 79
defined, 10, 317
financial, see Financial
liabilities
for first-time IFRS adopters,
369
IFRIC
I ,
Changes in Existing
Decommissioning,
Restoration and Similar
Liabilities, 6
pensions, 141- 142
presentation of, 224-230
provisions, 318-323
segment, 97, 98
Liabilities Arising from
Participating in a Specific
Market-Waste Electrical and
Electronic Equipment
(IFRIC
6),6,325
Liechtenstein, IFRS adoption
by,1
Line items:
for balance sheet, 17
for income statement, 18
Liquidity risk, 454
Lithuania, IFRS adoption by, 1
Loans and rece ivables (L&R),
240
amortizes cost for, 254
impaired, 262-263, 265
reversal of impairment losses,
264
Local accounting standards, 2
Losses:
actuarial, 137, 143-144, 146,
369
for agricultural activity, 354–
355
extinguishment, 250
presentation of, 231-232
Loss of control, 198
L&R (loans and receivables),
240