Professional Documents
Culture Documents
Disclosure
What you will learn?
Cash
Give information
about the
historical changes
Cash
equivalents
Operating
activities
Financing
activities
IAS 7: Statement of Cash Flows
Three main headings
Payments to
suppliers and Cash flows Repayments of
employees associated with amounts
loans made to borrowed
other parties
Tax payments
or refunds Payments to
reduce a lease
obligation
IAS 7: Statement of Cash Flows
Cash generated from operations
Calculate
Directly Indirectly
Same
result
IAS 7: Statement of Cash Flows
Example – the indirect method
$
Profit before tax X
Add back finance costs X
Add back depreciation X
not included in
Actual
exchange SOCF
Cash
rates
flows from Non-cash
a foreign transactions
Average disclosed in
subsidiary exchange
rates Notes
Changes in cash
liabilities transactions
Disclosure note arising from
financing non-cash
activities movements
IAS 7: Statement of Cash Flows
Example
Operatin
Operatin
Operatin Investin Financi g or
g or
g g ng Financin
Investing
g
Tax paid
Equity dividends paid
Process of sales of
short term
investments
Payment of staff
wages
Cash payments to
reduce a lease
liability
Repayment of bank
loan
Interest received
Cash loan made to a
supplier
IAS 7: Statement of Cash Flows
Example
Operatin
Operatin
Operatin Investin Financi g or
g or
g g ng Financin
Investing
g
Tax paid X
Equity dividends paid X
Process of sales of
short term X
investments
Payment of staff
X
wages
Cash payments to
reduce a lease X
liability
Repayment of bank
X
loan
Interest received X
Cash loan made to a
x
supplier
IFRS 8: Operating Segments
Applicability
Consolidated statements
IFRS 8: Operating Segments
Operating segments
Earn
Engages in Revenue
business
activities Incur
Expense
review
Discrete
financial
information
IFRS 8: Operating Segments
Reportable operating segments
Operating segments or
aggregation of operating
segments that have ≥ 10% of
Profit of all
Total revenue of
segments
all segments OR OR Total assets of all
(or loss of all
(internal and segments
segments if
external)
greater)
Combine operating
segments as a single
reportable segment
Nature of Method to
Nature of Types of Nature of
products distribute
production class of regulatory
and products and
processes customer environment
services services
IFRS 8: Operating Segments
Disclose requirement
General information
Reconciliations
Fellow
Related party Key management
subsidiary
Subsidiary Associate
IFRS 24: Related Party Disclosures
Exception
Name of parent
Parent-subsidiary
relationship Name of ultimate
controlling party
Share-based payments
to Termination benefits
disclose
Amount of transactions
Amount outstanding
Related party
transactions Provisions for doubtful debts
Question:
1. Calculate the numerator of its basis earnings per share
2. Calculate the weighted-average number of common shares
outstanding
3. Calculate EPS
IAS 33: Earnings Per Share
Example Basic EPS
Weighted
Date Shares Weighting (months)
Avarage
Jan 1 4,000,000 12/12 4,000,000
Apr 1 200,000 9/12 150,000
Jul 1 500,000 6/12 250,000
Oct 1 400,000 3/12 100,000
Dec 1 -60,000 1/12 -5,000
The weighted-average number of common shares 4,495,000
Question:
Calculate the diluted EPS
IAS 33: Earnings Per Share
Example for Diluted EPS
$109,200
Diluted EPS = = $0.827
132,000
IAS 34: Interim Financial Reporting
Definition and Measurement
Financial
reporting period
Interim period
< 1 year
Complete set of FSs (a quarter or half-
(IAS 1) year )
Interim
or financial
report
Condensed FSs
(IAS 34)
Measurement
Comparative
Disclose nature and
Year-to-date figures for previous
amount of significant
basis interim period and
remesurements
previous full years
IAS 34: Interim Financial Reporting
Requirement for disclosure
Available exemption
Hedge accounting
Non-controlling interest
Exemptions
Embedded derivatives
Government loans
IFRS 1: First-time Adoption of IFRS
Other optional exemptions
1 Jan
If IFRS Standards The date of transition is...
20X8
are first adopted
in the financial
statements for
the year ended The first IFRS financial
31/12/20X9 statements should comply 31 Dec
with IFRS Standards 20X9
effective at...
Retained
The company should apply IFRS Any Earnings
Standards in measuring all adjustments
recognised assets and liabilities should be or
in its date of transition recognised
statement of financial position. directly in...
Equity