International GAAP 2012: Generally Accepted Accounting Practice under International Financial Reporting Standards

Index

Accounting estimates, 114–115

accounting policies vs., 114–115

changes in, 118–119

Accounting policies, 107–125 See also IAS 8 – Accounting Policies, Changes in Accounting Estimates and Errors; Selection of accounting policies

accounting estimates vs., 114–115

accrual basis of accounting, 110–111

application of, 115–117

changes in, 117–118

consistency, 111–112

correction of errors, 119–121

disclosure of changes in, 127–129

disclosures relating to, 125–129

fair presentation, 107–110

and compliance with IFRS, 107–108

override, 108–110

general principles, 107–114

going concern, 110

impracticability of restatement, 122–125

for a change in accounting policy, 123–125

for a material error, 125

materiality and aggregation, 112

offset, 112–113

practical application issues for IFRS 1, 293–310

IAS 7, 294

IAS 8, 295

IAS 11, 295–296

IAS 12, 296–300

    deemed cost on transition, 297

    defined benefit pension plans, 299–300

    retrospective restatements or applications, 298–299

    share-based payment transactions, 298

IAS 16, 300–302

IAS 17, 302–303

IAS 18, 303

IAS 19, 303

IAS 21, 303–304

IAS 23, 304–305

IAS 28, 305–306

IAS 29, 306

IAS 31, 306–307

IAS 36, 307–308

IAS 37, 308

IAS 38, 309–310

profit or loss for the period, 113–114

selection of, 115–117, 3552–3566

Accretion approach, revenue recognition, 1774–1776

long-term contracts, 1775

natural growth and ‘ological transformation’, 1775

rendering of services, 1775

use by others of entity resources, 1775

Accrual basis of accounting ...