International GAAP 2013: Generally Accepted Accounting Principles under International Financial Reporting Standards

Index

Accounting estimates, 119–124

accounting policies and, distinction between, 119–120

changes in, 136, 123–124

Accounting policies, 112–130

and accounting estimates, distinction between, 119–120

accrual basis of accounting, 115–116

application of, 120–122

changes in, 122–123

consistency, 116

correction of errors, 124–126

disclosure of expected changes in, 314–315

disclosures relating to, 130–134

changes in accounting estimates, 136

changes in accounting policies, 132–134

changes pursuant to the initial application of an IFRS, 132–133

estimation uncertainty and changes in estimates, 134–136

judgements made in applying, 131–132

new IFRS, future impact of, 133–134

prior period errors, 136–137

significant accounting policies, 130–131

voluntary changes in accounting policy, 133

fair presentation, 112–115

general principles, 112–119

going concern, 115

materiality, 117

offset, 117–118

practical application issues, 291–310

selection of, 120–122

Accretion approach, 1894–1896

long-term contracts, 1895

natural growth and ‘biological transformation’, 1895–1896

rendering of services, 1895

use by others of entity resources, 1894–1895

Accrual basis of accounting, 115–116

Accrued operating lease income, 1450–1452

Accrued operating lease income—contd

rental income and lease incentives, 1450–1451

Acquired receivables, 3551–3552

Acquisition method of accounting, 588–593, See also Business combination; IFRS 3

acquisition date, determining, 592–593

identifying the acquirer, 588–592

‘reverse acquisitions’, ...