Shortcut Overview Accounting Standards

SHORTCUT OVERVIEW
ACCOUNTING STANDARDS
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"Accounting Standards Overview":
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Standard Subsections Uses Usage Scenario Working Details entation Difficulty Challenge
Measure at lower of cost
Manufacturing
and net realizable value; Determining net Accurate allocation of
Accounting for company
IAS 2 Measurement, Recognition recognize cost of 2005 realizable value in overhead costs; consistent
inventories inventory
inventories as expense volatile markets application of costing methods
management
when sold
Classify cash flows into

Ensuring accuracy in
Retail business operating, investing, and Direct method
Operating, Investing, Reporting cash classifying cash flows;
IAS 7 annual cash flow financing activities; use 1992 requires detailed data
Financing Activities flows complex transactions involving
statements direct or indirect method collection
multiple activities
for operating activities
Retrospective
Selection and Company application for policy Retrospective
Accounting policies, Consistent application across
changes of changing its changes; prospective adjustments can be
IAS 8 Changes in estimates, 2005 periods; managing disclosures
accounting depreciation application for estimate complex and time-
Errors and communications
policies method changes; retrospective consuming
restatement for errors
Recognizing a
Accounting for Adjust financial Determining the Accurate classification of
Adjusting events, Non- lawsuit settlement
IAS 10 post-reporting statements for adjusting 2005 financial impact of events; timely identification
adjusting events post-reporting
period events events after the reporting post-reporting events and disclosure
period
Prepared By. K. M. MAHAFUZUL ALAM ; Gmail. kmmhafuzulalam@gmail.com ; LinkedIn. www.linkedin.com/in/mahafuzul-alam

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period; disclose non-
adjusting events
Recognize current tax
Company liabilities and assets for
Accounting for Estimating future tax Consistent application of tax
estimating current and prior
IAS 12 Current tax, Deferred tax current and 1998 rates and timing of rates; managing deferred tax
deferred tax periods; recognize
deferred tax reversals assets and liabilities
liabilities deferred tax for future
tax consequences
Initial recognition at
Consistent depreciation
Recognition, Accounting for Transportation cost; subsequent
Determining fair methods and useful life
IAS 16 Measurement, tangible fixed company's vehicle measurement at cost less 2005
values for revaluation estimates; managing
Depreciation assets fleet depreciation or
impairments
revaluation
Recognize liability and
Short-term benefits, Post- Accounting for Managing Estimating future Managing defined benefit
expense for short-term,
IAS 19 employment benefits, employee employee pension 1998 obligations and plans; accurate disclosure of
post-employment, and
Other long-term benefits benefits plans actuarial assumptions benefit plans and liabilities
other long-term benefits
Recognize grants as
Accounting for Receiving a income over periods Matching grants with Ensuring compliance with
Recognition,
IAS 20 government government matching related costs; 1984 related costs grant conditions; managing
Measurement, Disclosure
grants subsidy disclose nature and accurately disclosures
extent of assistance
Use the exchange rate at
the date of the
Accounting for Multinational Volatile exchange
Foreign currency transaction for initial Consistent application of
foreign company's rates and their impact
IAS 21 transactions, Foreign recognition; translate 2005 exchange rates; managing
exchange currency on financial
operations, Translation financial statements of translation adjustments
transactions translations statements
foreign operations using
the closing rate

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Capitalize borrowing
costs directly attributable Identifying qualifying Accurate allocation of
Capitalization, Non- Accounting for Construction
IAS 23 to qualifying assets; 2009 assets and attributable borrowing costs; managing
qualifying assets borrowing costs project financing
expense other borrowing costs capitalized costs
costs
Disclose relationships,
transactions, and
Disclosures of Transactions with Identifying related
Related party definition, outstanding balances Managing potential conflicts of
IAS 24 related party subsidiary 2005 parties and ensuring
Disclosure requirements with related parties; interest; ensuring transparency
transactions companies complete disclosure
disclose terms and
conditions
Account for investments
Accounting in Holding Managing consolidation
Investments in at cost or in accordance Determining
separate company's procedures; accurate
IAS 27 subsidiaries, Joint with IFRS 9; present 2005 appropriate
financial investment presentation of financial
ventures, Associates consolidated financial measurement bases
statements reporting statements
statements separately
Accounting for Use the equity method to
Reporting Ensuring accurate
Equity method, investments in account for investments; Applying the equity
IAS 28 investments in 2005 measurement and disclosure of
Disclosures associates/joint disclose financial and method consistently
joint ventures investments
ventures descriptive information
Restate financial
Financial statements to current Adjusting financial
Reporting in Accurate measurement and
reporting in measuring unit at the end statements in
IAS 29 Restatement, Disclosure hyperinflationar 1989 disclosure of hyperinflation
hyperinflationary of the reporting period; hyperinflationary
y economies impacts
country disclose restatement conditions
methods
Presentation of Distinguish financial Managing complex financial
Financial liabilities, Equity Issuing Classifying financial
IAS 32 financial liabilities from equity 2005 instruments; ensuring accurate
instruments, Offsetting convertible bonds instruments correctly
instruments as instruments; set rules for offsetting procedures

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liabilities or offsetting financial assets
equity and liabilities
Calculate and present
Calculation and Managing potential dilutive
Basic EPS, Diluted EPS, Reporting basic and diluted EPS; Accurate calculation
IAS 33 presentation of 2005 instruments; ensuring complete
Disclosures earnings per share disclose amounts used in of diluted EPS
EPS and accurate disclosures
EPS calculations
Include condensed
financial statements and
Minimum selected explanatory
Minimum content, Ensuring consistency
content for Quarterly notes; apply same Managing timely and accurate
IAS 34 Recognition and 1998 with annual financial
interim financial financial reporting recognition and interim reporting
measurement statements
reports measurement principles
as annual financial
statements
Identify indicators of
impairment; measure
Identification of impaired Identifying and Ensuring timely recognition
Accounting for recoverable amount and
assets, Measurement, Testing goodwill measuring and reversal of impairment
IAS 36 asset recognize impairment 2004
Reversal of impairment for impairment impairment losses losses; consistent application of
impairment losses; reverse
losses accurately impairment tests
impairment losses when
necessary
Recognize provisions
when present obligation
from past event is Estimating Managing uncertainties in
Accounting for Setting aside
Recognition, probable and obligations and provisions and contingencies;
IAS 37 provisions and funds for legal 2004
Measurement, Disclosures measurable; measure measuring provisions ensuring accurate and complete
contingencies claims
provisions at best accurately disclosures
estimate; disclose nature
and financial effects

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Recognize an intangible
asset if future economic
Recognition, Software benefits are probable and Measuring future Managing amortization
Accounting for
IAS 38 Measurement, development cost can be measured 2004 economic benefits and schedules and impairment tests
intangible assets
Amortization capitalization reliably; measure at cost costs reliably for intangible assets
initially; amortize over
useful life
Recognize investment
property at cost initially; Managing transfers between
Accounting for Real estate Determining fair
Recognition, subsequently measure at property categories; ensuring
IAS 40 investment company property 2004 value for investment
Measurement, Transfers fair value or cost model; accurate measurement and
property investments properties
transfer properties as per disclosure
change in use
Measure biological
Accounting for Farming assets at fair value less Measuring fair value Managing changes in fair
Biological assets,
IAS 41 agricultural operations' crop costs to sell; recognize 2003 of biological assets value; ensuring accurate and
Agricultural produce
activity valuation changes in fair value in accurately timely disclosures
profit or loss
Full retrospective Managing adjustments and
Guide on
Adopting IFRS application of IFRS; Transitioning from disclosures during the
IFRS 1 Exemptions, Adjustments transitioning to 2004
for the first time specific exemptions for local GAAP to IFRS transition; training staff on new
IFRS
ease of transition standards
Accounting for Recognize expenses for Managing changes in fair
Equity-settled transactions, Employee stock Valuing share-based
IFRS 2 share-based share-based transactions; 2004 value; ensuring accurate and
Cash-settled transactions option plans payments accurately
payments measure at fair value timely recognition of expenses
Identify acquirer, Managing integration of
Accounting for Company Valuing acquired
Acquisition method, measure cost, allocate acquired entities; ensuring
IFRS 3 mergers and acquiring a 2004 assets and liabilities
Goodwill cost to assets and accurate measurement and
acquisitions competitor accurately
liabilities; recognize disclosure of goodwill

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goodwill or gain from
bargain purchase
Classify non-current
Accounting for assets or disposal groups
Determining fair Managing reclassifications and
Held for sale criteria, non-current Divesting a as held for sale; measure
IFRS 5 2004 value less costs to sell disclosures of discontinued
Discontinued operations assets held for business segment at lower of carrying
accurately operations
sale amount and fair value
less costs to sell
Disclosure of Disclose information Identifying and
Bank's risk
Disclosure requirements, financial enabling evaluation of measuring financial Ensuring comprehensive and
IFRS 7 management 2007
Financial instruments risks instruments and financial instruments and instrument risks transparent disclosures
reporting
risks risks arising from them accurately
Identify operating Identifying and Managing internal reporting
Global
Operating segments, Segment segments based on measuring segment processes; ensuring accurate
IFRS 8 corporation's 2007
Measurement, Disclosures reporting internal reports; disclose information and comprehensive segment
segment analysis
segment information accurately disclosures
Classify financial assets
and liabilities; measure Implementing new Managing changes in
Classification, Financial
Financial at amortized cost or fair classification and impairment models; ensuring
IFRS 9 Measurement, Impairment, institution's asset 2018
instruments value; recognize and measurement accurate and comprehensive
Hedge accounting classification
measure impairment; requirements disclosures
apply hedge accounting
Determine control over
Consolidated Parent company's Ensuring accurate and timely
Control, Consolidation investees; consolidate Assessing control
IFRS 10 financial consolidated 2013 consolidation; managing
procedures financial statements of over investees
statements reporting changes in group structure
parent and subsidiaries

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Classify joint
arrangements as joint Managing accounting for joint
Accounting for Classifying joint
Joint arrangements, Joint Joint venture operations or joint operations and joint ventures;
IFRS 11 joint 2013 arrangements
operations, Joint ventures projects ventures; recognize and ensuring accurate and timely
arrangements accurately
measure interests disclosures
accordingly
Disclose information
about interests in Ensuring Managing disclosures about
Disclosures of Reporting
Disclosure of interests, subsidiaries, joint comprehensive and complex group structures;
IFRS 12 interests in other interests in 2013
Risks, and impacts arrangements, associates, transparent ensuring accurate and timely
entities subsidiaries
and unconsolidated disclosures disclosures
structured entities
Define fair value, Managing fair value
Valuing
provide framework for Measuring fair value measurement of complex assets
Fair value definition, Fair value company's
IFRS 13 measuring fair value, 2013 accurately in inactive and liabilities; ensuring
Measurement, Disclosure measurement investment
disclose fair value markets accurate and comprehensive
portfolio
measurements disclosures
Permit first-time Transitioning to IFRS
Regulatory Utility company's Ensuring consistent application
Deferral of regulatory adopters to continue for entities with
IFRS 14 deferral regulatory account 2016 and disclosure of regulatory
account balances recognizing regulatory regulatory deferral
accounts reporting deferral accounts
deferral account balances accounts
Managing contract
Apply five-step model to Identifying distinct
Software modifications and estimating
Five-step model, Revenue from recognize revenue; performance
company's variable consideration;
IFRS 15 Performance obligations, contracts with identify performance 2018 obligations and
subscription ensuring accurate and
Transaction price customers obligations; allocate allocating transaction
services comprehensive revenue
transaction price prices accurately
recognition

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Recognize right-of-use
assets and lease Transitioning existing leases to
Leasing Determining lease
Lessee accounting, Lessor liabilities for almost all new standard; managing
IFRS 16 Leases commercial 2019 terms and discount
accounting, Disclosure leases; apply different remeasurements and
properties rates accurately
accounting for lessees disclosures
and lessors
Recognize and measure Managing transition from old
Implementing new
Accounting for Insurance insurance contracts using to new standard; ensuring
Insurance contracts, measurement models
IFRS 17 insurance company's policy building block approach; 2023 accurate and timely recognition
Measurement, Disclosure and disclosure
contracts valuation disclose information and disclosure of insurance
requirements
about insurance contracts contracts
Revisions to Adjust carrying amount

Changes in Managing adjustments and
liabilities for Recognizing of related asset and Estimating future
decommissioning, disclosures related to
IFRIC 1 decommissionin changes in liability for changes; 2004 costs and changes in
restoration, and similar decommissioning and
g, restoration, restoration costs recognize in profit or estimates accurately
liabilities restoration liabilities
and similar costs loss
Classify members' shares

Financial Determining Ensuring consistent application
Co-operative bank in co-operative entities
Members' shares in co- instruments with classification based and disclosure of financial
IFRIC 2 members' share as equity or liability 2004
operative entities characteristics on complex instruments with equity
redemption based on redemption
of equity redemption terms characteristics
terms

IFRS 1: First-time Adoption of International Financial Reporting Standards
Subsection Detail Uses Working Challenges

Entities can use exemptions like business
Certain optional exemptions from full Determining the applicability
Ease transition to combinations, employee benefits, cumulative
Exemptions retrospective application to ease the transition and impact of exemptions can
IFRS translation differences, compound financial
process be complex
instruments
Required adjustments for the effect of the Ensure high-quality,
Make adjustments retrospectively to the Collecting historical data and
Adjustments transition to IFRS, recognized directly in comparable
opening IFRS statement of financial position making accurate adjustments
retained earnings or another equity category financial statements
IFRS 2: Share-based Payment
Transactions where the entity Measure at fair value of

Recognize expenses for
Equity-settled receives goods or services as equity instruments at grant Estimating fair value and handling modifications or
equity-based
transactions consideration for equity date and recognize over cancellations of share-based payments
compensation
instruments vesting period
Reflect the cost of

Transactions where the entity Measure the liability at fair
Cash-settled services received from Tracking fair value changes and ensuring accurate
incurs liabilities based on the value and re-measure until
transactions employees or other periodic re-measurements
price of equity instruments settled
parties

IFRS 3: Business Combinations

Recognize identifiable assets,
Accurately report Identify acquirer, measure Valuation of acquired assets and liabilities,
liabilities, and non-controlling
Acquisition method business mergers and consideration, allocate to and integration of different accounting
interest at acquisition-date fair
acquisitions identifiable assets and liabilities policies
values
Excess of consideration over fair Report acquired Test goodwill for impairment Impairment testing requires significant
Goodwill
value of net identifiable assets goodwill annually or when indicators arise judgment and estimation
IFRS 5: Non-current Assets Held for Sale and Discontinued Operations

Assets classified as held for sale if Present non-current Measure at lower of carrying
Determining fair value less costs to sell, and
Held for sale criteria carrying amount will be recovered assets intended for sale amount and fair value less costs
ensuring timely classification
through sale separately to sell
Components disposed or classified
Present results of discontinued
as held for sale that represent major Separate reporting of Identifying discontinued operations and
Discontinued operations operations separately in income
lines of business or geographical discontinued operations ensuring accurate reporting
statement
areas
IFRS 6: Exploration for and Evaluation of Mineral Resources

Expenditures for exploration and Manage exploration Recognize as assets when certain
Exploration and Determining impairment and measuring
evaluation before technical costs and present them criteria are met, subject to
evaluation assets exploration costs reliably
feasibility accurately impairment

Test for impairment when facts Ensure assets are Impairment testing based on
Identifying impairment indicators and
Impairment suggest carrying amount exceeds carried at no more than indicators specific to exploration
estimating recoverable amounts
recoverable amount recoverable amount activities
IFRS 7: Financial Instruments: Disclosures

Present information about
Disclosures about significance of Enhance transparency of
Significance of financial financial instruments' Compiling and presenting comprehensive
financial instruments for financial financial instrument
instruments significance and performance information about financial instruments
position and performance usage
impacts
Provide qualitative and
Disclosures about risks arising from Inform users about Quantifying risk exposures and disclosing
Nature and extent of risks quantitative information about
financial instruments financial risks comprehensive risk management strategies
risk exposures
IFRS 8: Operating Segments
Report financial
Identify segments based on internal Use internal reporting to identify Aligning internal and external reporting for
Segment identification performance by
management reports segments consistency
segment

Disclose factors used to identify Provide detailed

Disclose segment performance, Ensuring comprehensive and accurate
Disclosure requirements segments, products/services, and segment information to
assets, and liabilities segment disclosures
segment profit/loss users
IFRS 9: Financial Instruments

Categorize financial Determine classification based
Financial assets classified as Choosing appropriate classification and
Classification instruments on business model and
amortized cost, FVOCI, or FVTPL managing reclassifications
accurately contractual cash flows
Report financial
Measure financial assets and Apply amortized cost or fair Accurate measurement and fair value
Measurement instruments at
liabilities based on classification value measurement estimation
appropriate values
Expected credit loss model for Timely recognition Estimate expected credit losses
Impairment Estimating future credit losses accurately
recognizing impairment of credit losses and recognize in profit or loss
Align hedge accounting with risk Manage risks using Designate, measure, and report Documentation and effectiveness testing of
Hedge accounting
management hedge accounting hedges hedges

IFRS 10: Consolidated Financial Statements
Control is having power, exposure to Determine which

Evaluating control, especially in complex
Control variable returns, and ability to use entities to Assess control over investees
ownership structures
power to affect returns consolidate
Eliminate inter-company transactions Perform consolidation

Present consolidated Managing inter-company eliminations and
Consolidation procedures and balances, present non-controlling adjustments and present non-
financial statements complex consolidation adjustments
interests controlling interests
IFRS 11: Joint Arrangements
Recognize assets, liabilities,

Parties have rights to assets and Report joint Measuring and reporting proportional share
Joint operations revenues, and expenses
obligations for liabilities operations accurately accurately
proportionally
Recognize share of profit or

Use equity method Consistently applying the equity method and
Joint ventures Parties have rights to net assets loss and other comprehensive
for joint ventures eliminating intra-group transactions
income

IFRS 12: Disclosure of Interests in Other Entities
Provide detailed
Disclose nature, risks, and financial Extensive disclosures about Gathering and presenting comprehensive
Subsidiaries information about
effects of interests in subsidiaries subsidiaries information about subsidiaries
subsidiaries
Inform about the

Joint arrangements and Disclose nature and risks of joint financial effects of Detailed disclosures on joint Consistent and comprehensive reporting of
associates arrangements and associates joint arrangements arrangements and associates interests
and associates
Inform about the risks

Unconsolidated Disclose nature and extent of interests and financial effects Extensive disclosures on Collecting and presenting detailed information
structured entities in unconsolidated structured entities of interests in structured entities about structured entities
structured entities
IFRS 13: Fair Value Measurement

Fair value as the price to sell an asset
Standardize fair value Apply fair value definition
Fair value definition or transfer a liability in an orderly Determining fair value in inactive markets
measurement consistently
transaction
Market, cost, and income approaches Use appropriate Apply valuation techniques Choosing and applying the correct valuation
Measurement techniques
for fair value measurement valuation techniques based on available data technique

Inform about the Provide detailed information
Extensive disclosures about fair value Compiling comprehensive and accurate fair
Disclosure valuation methods about fair value hierarchy and
measurements value disclosures
and inputs used measurement
IFRS 14: Regulatory Deferral Accounts
Recognize regulatory deferral

Continue previous GAAP accounting Ease transition for first- Ensuring compliance with both previous
Recognition accounts as per previous
for regulatory deferral accounts time IFRS adopters GAAP and IFRS
GAAP
Measure balances according to Maintain consistency in Use previous GAAP Aligning previous GAAP measurements with
Measurement
previous GAAP measurement measurement principles IFRS presentation
Provide clarity on Present in a way that

Separate presentation of regulatory Ensuring clear and compliant presentation of
Presentation regulatory deferral distinguishes from other IFRS
deferral accounts and movements regulatory deferral accounts
balances accounts
IFRS 15: Revenue from Contracts with Customers

Identify contract, performance
Standardize revenue Follow the five-step model for
Five-step model obligations, transaction price, allocate Applying the model to complex contracts
recognition revenue recognition
price, recognize revenue

Manage and report
Guidance on capitalization of contract Capitalize costs and amortize Identifying and measuring contract costs
Contract costs contract acquisition and
costs over contract period accurately
fulfillment costs
Extensive disclosure requirements Inform users about
Provide detailed disclosures Gathering and presenting comprehensive
Disclosure about contracts and performance revenue recognition and
about contracts and judgments disclosure information
obligations related judgments
IFRS 16: Leases

Recognize right-of-use assets and Standardize lease Measure lease liabilities and
Lessee accounting Transition to IFRS 16 and identifying leases
lease liabilities accounting for lessees right-of-use assets
Provide guidance for Recognize lease income and Consistent application and classification of
Lessor accounting Classify leases as operating or finance
lessor accounting expenses appropriately leases
Enhance transparency Provide qualitative and Gathering and presenting detailed lease
Disclosure Detailed disclosures about leases
of lease transactions quantitative lease information disclosures
IFRS 17: Insurance Contracts

Ensure accurate Measure using building blocks
Current estimates of future cash flows Estimating future cash flows and discount
Measurement measurement of approach: cash flows, discount
for insurance contracts rates
insurance liabilities rate, risk adjustment
Present insurance contract

Separate presentation of insurance Enhance transparency
Presentation balances separately in Ensuring consistent and clear presentation
revenue and expenses in insurance accounting
financial statements

Provide detailed Disclose information about
Disclosures about recognized amounts, Compiling and presenting comprehensive
Disclosure information about significant judgments and risk
judgments, and risks disclosures
insurance contracts exposures
IFRIC 1: Changes in Existing Decommissioning, Restoration, and Similar Liabilities
Identify and measure Recognize liabilities for Estimate the present value of
Determining the appropriate discount
Initial Recognition decommissioning, restoration, and future decommissioning the liability at initial
rate and estimating future costs
similar liabilities costs recognition
Adjust the carrying amount of the Adjust the liability and related
Ensure the liability reflects Regularly updating estimates and
Subsequent Changes liability for changes in the estimated asset for changes in cash flow
current estimates discount rates
timing or amount of cash outflows estimates or discount rates
Increase or decrease the

Adjust the carrying amount of the Reflect changes in
carrying amount of the asset Allocating changes to the asset and
Impact on Assets related asset for changes in the decommissioning costs in
corresponding to the liability ensuring proper depreciation
liability asset values
change
Provide transparency on Present changes in liabilities

Disclose changes in the liability and Ensuring accurate and comprehensive
Financial Reporting decommissioning and related asset adjustments in
their effects on assets and expenses disclosures
liabilities financial statements

IFRIC 2: Members' Shares in Co-operative Entities and Similar Instruments

Classify members' shares Assess the terms and
Determine whether members' shares Evaluating the conditions for redemption
Classification appropriately in financial conditions of members' shares
are financial liabilities or equity and financial liability
statements to determine classification
Examine redemption
Analyze the terms under which Reflect accurate liability or provisions and members' Understanding and interpreting complex
Redemption Terms
members' shares can be redeemed equity classification rights to determine redemption terms
liability/equity
Measure financial liabilities at
Measure members' shares based on Report accurate values for amortized cost or fair value Determining fair value and applying
Measurement
their classification members' shares and equity at proceeds appropriate measurement methods
received
Disclose information about members' Present detailed disclosures
Provide clarity on the Ensuring comprehensive and transparent
Disclosure shares, including classification and about the classification and
nature of members' shares disclosure of members' shares
redemption terms terms of members' shares

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SHORTCUT OVERVIEW

01728-928984 CA STUDY & SUPPORT FACEBOOK GROUP

Classify cash flows into

Prepared By. K. M. MAHAFUZUL ALAM ; Gmail. kmmhafuzulalam@gmail.com ; LinkedIn. www.linkedin.com/in/mahafuzul-alam

Prepared By. K. M. MAHAFUZUL ALAM ; Gmail. kmmhafuzulalam@gmail.com ; LinkedIn. www.linkedin.com/in/mahafuzul-alam

Prepared By. K. M. MAHAFUZUL ALAM ; Gmail. kmmhafuzulalam@gmail.com ; LinkedIn. www.linkedin.com/in/mahafuzul-alam

Prepared By. K. M. MAHAFUZUL ALAM ; Gmail. kmmhafuzulalam@gmail.com ; LinkedIn. www.linkedin.com/in/mahafuzul-alam

Prepared By. K. M. MAHAFUZUL ALAM ; Gmail. kmmhafuzulalam@gmail.com ; LinkedIn. www.linkedin.com/in/mahafuzul-alam

Prepared By. K. M. MAHAFUZUL ALAM ; Gmail. kmmhafuzulalam@gmail.com ; LinkedIn. www.linkedin.com/in/mahafuzul-alam

Prepared By. K. M. MAHAFUZUL ALAM ; Gmail. kmmhafuzulalam@gmail.com ; LinkedIn. www.linkedin.com/in/mahafuzul-alam

Revisions to Adjust carrying amount

Classify members' shares

Prepared By. K. M. MAHAFUZUL ALAM ; Gmail. kmmhafuzulalam@gmail.com ; LinkedIn. www.linkedin.com/in/mahafuzul-alam

Subsection Detail Uses Working Challenges

IFRS 2: Share-based Payment

Subsection Detail Uses Working Challenges

Transactions where the entity Measure at fair value of

Reflect the cost of

Prepared By. K. M. MAHAFUZUL ALAM ; Gmail. kmmhafuzulalam@gmail.com ; LinkedIn. www.linkedin.com/in/mahafuzul-alam

Subsection Detail Uses Working Challenges

IFRS 5: Non-current Assets Held for Sale and Discontinued Operations

Subsection Detail Uses Working Challenges

IFRS 6: Exploration for and Evaluation of Mineral Resources

Subsection Detail Uses Working Challenges

Prepared By. K. M. MAHAFUZUL ALAM ; Gmail. kmmhafuzulalam@gmail.com ; LinkedIn. www.linkedin.com/in/mahafuzul-alam

IFRS 7: Financial Instruments: Disclosures

Subsection Detail Uses Working Challenges

IFRS 8: Operating Segments

Subsection Detail Uses Working Challenges

Prepared By. K. M. MAHAFUZUL ALAM ; Gmail. kmmhafuzulalam@gmail.com ; LinkedIn. www.linkedin.com/in/mahafuzul-alam

Disclose factors used to identify Provide detailed

IFRS 9: Financial Instruments

Subsection Detail Uses Working Challenges

Prepared By. K. M. MAHAFUZUL ALAM ; Gmail. kmmhafuzulalam@gmail.com ; LinkedIn. www.linkedin.com/in/mahafuzul-alam

Subsection Detail Uses Working Challenges

Control is having power, exposure to Determine which

Eliminate inter-company transactions Perform consolidation

IFRS 11: Joint Arrangements

Subsection Detail Uses Working Challenges

Recognize assets, liabilities,

Recognize share of profit or

Prepared By. K. M. MAHAFUZUL ALAM ; Gmail. kmmhafuzulalam@gmail.com ; LinkedIn. www.linkedin.com/in/mahafuzul-alam

Subsection Detail Uses Working Challenges

Inform about the

Inform about the risks

IFRS 13: Fair Value Measurement

Subsection Detail Uses Working Challenges

Prepared By. K. M. MAHAFUZUL ALAM ; Gmail. kmmhafuzulalam@gmail.com ; LinkedIn. www.linkedin.com/in/mahafuzul-alam

IFRS 14: Regulatory Deferral Accounts

Subsection Detail Uses Working Challenges

Recognize regulatory deferral

Provide clarity on Present in a way that

IFRS 15: Revenue from Contracts with Customers

Subsection Detail Uses Working Challenges

Prepared By. K. M. MAHAFUZUL ALAM ; Gmail. kmmhafuzulalam@gmail.com ; LinkedIn. www.linkedin.com/in/mahafuzul-alam

IFRS 16: Leases

Subsection Detail Uses Working Challenges

IFRS 17: Insurance Contracts