New UK GAAP 2015: Application of FRS 100-102 in the UK

Chapter 29 Specialised activities

1 Introduction

2 Agriculture

   2.1 Introduction

   2.2 Definitions and scope

       2.2.1 Definitions

       2.2.2 Scope

   2.3 Recognition

   2.4 Measurement

   2.5 Fair value model

       2.5.1 Measurement

       2.5.2 Fair value hierarchy

1. 2.5.2.A Active market
2. 2.5.2.B Market-based data
3. 2.5.2.C Present value
4. 2.5.2.D Fair value not reliably measurable

       2.5.3 Disclosures

   2.6 Cost model

       2.6.1 Measurement

1. 2.6.1.A Biological assets
2. 2.6.1.B Agricultural produce

       2.6.2 Disclosures

3 Extractive industries

   3.1 Introduction

   3.2 Key differences to IFRS and previous UK GAAP

   3.3 Requirements of Section 34 for Extractive Industries

   3.4 Practical implementation issues

4 Service concession arrangements

   4.1 Introduction

   4.2 Key differences to IFRS and previous UK GAAP

       4.2.1 Key differences compared to previous UK GAAP

       4.2.2 Key differences compared to IFRS

   4.3 The Requirements of FRS 102 for Service Concession Arrangements

       4.3.1 Terms used in Section 34 on Service Concession Arrangements

       4.3.2 Scope

1. 4.3.2.A Judgements required in determining whether an arrangement is an SCA
2. 4.3.2.B Accounting for arrangements determined not to be SCAs under FRS 102

       4.3.3 Accounting by grantors – finance lease liability model

       4.3.4 Accounting by operators

1. 4.3.4.A Financial asset model
2. 4.3.4.B Intangible asset model
3. 4.3.4.C Measuring the fair value of construction services
4. 4.3.4.C Operating ...