Professional Documents
Culture Documents
Reporting Financial Performance
Reporting Financial Performance
Reporting Financial Performance
Reporting financial
performance
Joint World Bank and IFRS Foundation ‘train
the trainers’ workshop hosted by the ECCB
30 April to 4 May 2012
The concepts
Asset Income
• resource controlled by the • recognised increase in
entity asset/decrease in liability
in current reporting period
• result of past event
• that result in increased
• expected inflow of equity except…
economic benefits
Expense
Liability
• recognised decrease in
• present obligation asset/increase in liability
• arising from past event in current reporting period
• expected outflow of • that result in decreased
economic benefits equity except…
© IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org
Examples—applying the concepts 7
IAS 1
Presentation of Financial
Statements
IAS 18
Revenue
IAS 33
Earnings per Share
20X2: CU5
20X1: CU10
Shares were issued and the issue led to a
corresponding change in the entity’s resources.
IAS 20
Accounting for Government Grants
and Disclosure of Government
Assistance
Expressions of individual
views
by members of the IASB and
its staff are encouraged. The
views expressed in this
presentation
are those of the presenter.
Official positions of the IASB
on accounting matters are
determined only after
extensive due process and
deliberation.
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© IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org
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