IFRS, IAS, International Financial Reporting Standards, International Accounting Standards, IASB

International Financial Reporting Standards (IFRS)
Notes

U.S. GAAP Codification

Accounting by Topic

U.S. Tax Code

International Financial Reporting Standards (IFRS)
Information Web Site

IFRS Overview, IFRS for SMEs , IFRS Dictionary

IFRS, IAS by Topic, IFRS News and Updates

U.S. GAAP Codification, U.S. Tax Code by Section

IFRS Technical Notes
IAS 1, IAS 2, IAS 7, IAS 8, IAS 10, IAS 11, IAS 12, IAS 16,
IAS 17, IAS 18, IAS 20, IAS 21, IAS 23, IAS 24, IAS 26, IAS 28,
IAS 29, IAS 31, IAS 33, IAS 34, IAS 36, IAS 37, IAS 38, IAS 40, IAS 41

IFRS Overview

IFRS Notes	Notes on IFRS Overview
1001	International Accounting Standards Board
1002	What does IFRS stand for?
1003	IFRSs are required in European Union
1004	27 EU Member States
1005	EU Regulation that required the application of international accounting standards
1006	EU Regulation that published international accounting standards
1007	SEC Form 20-F Amended in 2008
1008	Number of IASs and IFRSs Issued
1009	List of IAS 1 - IAS 20
1010	List of IAS 21 - IAS 29
1011	List of IAS 31 - IAS 41
1012	List of IFRS 1 - IFRS 8
1013	Amendments to IASs and IFRSs in 2008
1014	Revisions of IASs and IFRSs in 2007 and 2008
1015	Business Combinations Project, IASB and FASB

	IFRS, IAS by Topic

IAS 1

IFRS Notes	Notes on IAS 1
1016	IAS 1: Revisions
1017	Complete Set of Financial Statements
1018	Presentation of Statement of Comprehensive Income
1019	Information to be reported in the statement of comprehensive income
1020	Extraordinary Items
1021	Statement of financial position: presentation
1022	Refinancing on a long-term basis
1023	Breach of loan agreement
1024	Non-adjusting events after the reporting period
1025	Statement of changes in equity
1026	Statement of cash flows
1027	Disclosure of accounting policies
1028	Framework for the preparation and presentation of financial statements
1029	FASB Statements of Financial Accounting Concepts
1030	FASB Accounting Standards Codification
1031	Structure of Accounting Standards Codification
1032	Reporting comprehensive income
1033	Examples of other comprehensive income: IFRS
1034	Examples of other comprehensive income: U.S. GAAP


	IFRS, IAS by Topic

IAS 2

IFRS Notes	Notes on IAS 2
1035	IAS 2: Revisions
1036	LIFO is not allowed by IFRS
1037	Lower of cost and net realisable value: IAS 2
1038	Lower of cost or market: U.S. GAAP
1039	Lower of cost or market: Example 1
1040	Lower of cost or market: Example 2
1041	Lower of cost or market: Example 3
1042	Lower of cost or market: Example 4
1043	Reversal of inventory write down


	IFRS, IAS by Topic

IAS 7

IFRS Notes	Notes on IAS 7
10701	IAS 7: Revisions
10702	Cash and cash equivalents
10703	Statement of cash flows: presentation
10704	Cash flows from operating activities
10705	Cash flows from investing activities
10706	Cash flows from financing activities
10707	Direct method and indirect method
10708	Reconciliation of net income to net cash flow
10709	Interest and dividends
10710	Cash flow per share


	IFRS, IAS by Topic

IAS 8

IFRS Notes	Notes on IAS 8
10801	IAS 8: Revisions
10802	Changes in accounting policies
10803	Retrospective application of changes in accounting policies
10804	Changes in accounting estimates
10805	Material prior period errors
10806	Retrospective application and restatement
10807	New standard issued but not yet effective
10808	Accounting changes: Summary


	IFRS, IAS by Topic

IAS 10

IFRS Notes	Notes on IAS 10
11001	IAS 10: Revisions
11002	IAS 10: Events after the reporting period
11003	Financial statements: date of authorisation for issue
11004	Types of events after the reporting period
11005	Examples of adjusting events after the reporting period
11006	Examples of non-adjusting events after the reporting period
11007	Dividends
11008	Going concern in question
11009	IAS 10: Disclosures
11010	Subsequent events: U.S. GAAP


	IFRS, IAS by Topic

IAS 11

IFRS Notes	Notes on IAS 11
11101	IAS 11: Revisions
11102	IAS 11: keywords
11103	Contract Revenue and Costs
11104	Recognition of revenue and costs
11105	If contract outcome cannot be estimated reliably
11106	Selection of method: U.S. GAAP
11107	IAS 11 and U.S. GAAP
11108	Expected Contract Loss


	IFRS, IAS by Topic

IAS 12

IFRS Notes	Notes on IAS 12
11201	IAS 12: Revisions
11202	IAS 12: Keywords
11203	Tax base
11204	Temporary differences
11205	Goodwill
11206	Deferred tax liabilities
11207	Deferred tax assets
11208	Investments in subsidiaries and associates
11209	Tax Rates
11210	Discounting of deferred tax assets and liabilities
11211	Deferred tax from a business combination
11212	Deferred tax from share-based payment
11213	Recognition of tax
11214	Offset
11215	Deferred tax as non-current


	IFRS, IAS by Topic

IAS 16

IFRS Notes	Notes on IAS 16
11601	IAS 16: Revisions
11602	IAS 16: Keywords
11603	IAS 16: Measurement
11604	Revaluation Surplus
11605	Impairment Loss
11606	Non-monetary asset exchange


	IFRS, IAS by Topic

IAS 17

IFRS Notes	Notes on IAS 17
11701	IAS 17: Revisions
11702	IAS 17: Keywords
11703	Classification of leases
11704	Finance lease, Lessee
11705	Finance lease, Lessor
11706	Operating lease, Lessee
11707	Operating lease, Lessor
11708	Sale and leaseback


	IFRS, IAS by Topic

IAS 18

IFRS Notes	Notes on IAS 18
11801	IAS 18: Revisions
11802	IAS 18: Keywords
11803	Measurement of revenue
11804	Sale of goods
11805	Rendering of services
11806	Interest, royalties, dividends


	IFRS, IAS by Topic

IAS 20

IFRS Notes	Notes on IAS 20
12001	IAS 20: Revisions
12002	IAS 20: Keywords
12003	Government grants
12004	Grants related to assets
12005	Grants related to income
12006	Repayment of government grants


	IFRS, IAS by Topic

IAS 21

IFRS Notes	Notes on IAS 21
12101	IAS 21: Revisions
12102	IAS 21: Keywords
12103	Foreign currency transactions: initial recognition
12104	Foreign currency translation at the end of reporting period
12105	Exchange differences
12106	Monetary items as part of net investment in a foreign operation
12107	Change in functional currency
12108	Presentation currency


	IFRS, IAS by Topic

IAS 23

IFRS Notes	Notes on IAS 23
12301	IAS 23: Revisions
12302	IAS 23: Keywords
12303	Recognition of borrowing costs
12304	Capitalisation of borrowing costs
12305	Commencement of capitalisation
12306	Suspension of capitalisation
12307	Cessation of capitalisation


	IFRS, IAS by Topic

IAS 24

IFRS Notes	Notes on IAS 24
12401	IAS 24: Revisions
12402	Related party
12403	Close members of the family
12404	Parents and subsidiaries
12405	Management compensation
12406	Transactions between related parties
12407	Examples of related party transactions to be disclosed


	IFRS, IAS by Topic

IAS 26

IFRS Notes	Notes on IAS 26
12601	IAS 26: Revisions
12602	Financial statements of defined contribution plans
12603	Financial statements of defined benefit plans
12604	Actuarial present value of promised benefits
12605	Valuation of plan assets


	IFRS, IAS by Topic

IAS 28

IFRS Notes	Notes on IAS 28
12801	IAS 28: Revisions
12802	IAS 28: Keywords
12803	Investment in an associate
12804	Equity method


	IFRS, IAS by Topic

IAS 29

IFRS Notes	Notes on IAS 29
12901	IAS 29: Revisions
12902	Application of IAS 29
12903	Hyperinflation
12904	Measuring unit at the end of reporting period
12905	Statement of financial position in historical costs
12906	Statement of comprehensive income in historical costs
12907	Gain or loss on net monetary position
12908	Statement of financial position in current costs
12909	Statement of comprehensive income in current costs
12910	Statement of cash flows
12911	Consolidated financial statements
12912	Not hyperinflationary any more


	IFRS, IAS by Topic

IAS 31

IFRS Notes	Notes on IAS 31
13101	IAS 31: Revisions
13102	IAS 31: Keywords
13103	Forms of joint venture
13104	Jointly controlled operations
13105	Jointly controlled assets
13106	Jointly controlled entities
13107	Proportionate consolidation
13108	Sale and purchase between venturer and joint venture


	IFRS, IAS by Topic

IAS 33

IFRS Notes	Notes on IAS 33
13301	IAS 33: Revisions
13302	IAS 33: Keywords
13303	Basic earnings per share
13304	Diluted earnings per share
13305	Dilutive Potential Ordinary Shares
13306	Share increases after reporting period


	IFRS, IAS by Topic

IAS 34

IFRS Notes	Notes on IAS 34
13401	IAS 34: Revisions
13402	Interim financial report
13403	Condensed financial statements
13404	Interim periods to be presented
13405	Materiality for interim period
13406	Accounting policies for interim period
13407	Restatement of previous reports


	IFRS, IAS by Topic

IAS 36

IFRS Notes	Notes on IAS 36
13601	IAS 36: Revisions
13602	IAS 36: Keywords
13603	Impairment indications
13604	Recoverable amount
13605	Fair value less costs to sell
13606	Value in use
13607	Estimating future cash flows
13608	Discount rate
13609	Impairment loss
13610	Reversal of impairment loss


	IFRS, IAS by Topic

IAS 37

IFRS Notes	Notes on IAS 37
13701	IAS 37: Revisions
13702	IAS 37: Keywords
13703	Provisions
13704	Contingent liabilities
13705	Contingent assets


	IFRS, IAS by Topic

IAS 38

IFRS Notes	Notes on IAS 38
13801	IAS 38: Revisions
13802	IAS 38: Keywords
13803	Recognition of intangible assets
13804	Internally generated goodwill
13805	Internally generated intangible assets


	IFRS, IAS by Topic

IAS 40

IFRS Notes	Notes on IAS 40
14001	IAS 40: Revisions
14002	IAS 40: Keywords
14003	Measurement at initial recognition
14004	Measurement after initial recognition
14005	If fair value cannot be determined
14006	Fair value model
14007	Investment property held by lessee


	IFRS, IAS by Topic

IAS 41

IFRS Notes	Notes on IAS 41
14101	IAS 41: Revisions
14102	IAS 41: Keywords
14103	Fair value less costs to sell
14104	Gain or loss
14105	Government grants


	IFRS, IAS by Topic

U.S. GAAP by Topic

Accounting Topics

Inventory Valuation Methods

Depreciation Methods

Revenue Recognition Principle

Accrual Basis vs. Cash Basis Accounting

Basics of Journal Entries

Ratios for Financial Statement Analysis

Overview of Financial Statements