Ifrs9 Study guides, Study notes & Summaries

Oct/Nov 2021 TAX2601 Principles of Taxation 100 Marks Duration 2 Hours (plus 60 minutes for upload) This paper consists of nine (9) pages plus the annexure (p i). IMPORTANT INSTRUCTIONS: 1. All amounts exclude VAT unless stated otherwise. 2. All persons mentioned are residents of the Republic of South Africa unless stated otherwise. 3. SARS = South African Revenue Service The answering of this paper: 1. This paper consists of four (4) questions. 2. Answer all the questi...

How is revenue treated that is receivable 2 years after the goods are delivered? The amount of revenue initially recognised is the amount receivable discounted to present value. Interst is then applied to the receivable as interest income over 2 years IFRS 9 requires investments in equity instruments to be measured and accounted for ( in the absence of any election at initial recognition)? Fair value with changes going through profit or loss What are acceptable methods of accounting for a g...

Dit document betreft mijn college aantekeningen van alle colleges EV. Ik heb de colleges gevolg bij Vincent Koks. Mijn aantekeningen heb ik aangevuld met uitwerkingen van cases en waardevolle tips voor het mondeling (opgenomen in een apart hoofdstuk). Af en toe heb ik screenshots van slides toegevoegd om extra context aan mijn aantekeningen te geven.

S - The study-notes marketplace 3 TAX2601 Oct / Nov 2021 [TURN OVER] QUESTION 1 (25 marks, 30 minutes) GoSolar (Pty) Ltd (GoSolar) is a South African company that manufactures solar panels for commercial and residential use, in an industrial area of Johannesburg. The company’s year of assessment ends on 31 March 2021. It is not a small business corporation as defined in the Income Tax Act. Since the company’s accountant is unfamiliar with tax matters, they have requested your assista...

Chapter 1: Introduction to the preparation and presentation of financial statements 3 Overview of the introduction to the preparation and presentation of financial statements Introduction to the preparation and presentation of financial statements In this chapter three aspects that form the basis for the preparation and presentation of financial statements are discussed 1 Conceptual framework for financial reporting Par 1.2 2 Presentation of financial statements (IAS1) Par 1.4 3. Financi...

This is a comprehensive summary of IFRS 9 - Financial Instruments - as summarised by a cum laude student. This summary is perfect for Bcomm Accounting Students in their 2nd year (FRK201).

FAC3703 - Specific Financial Reporting. FAC3703 SUMMARY NOTES . Definition of government grants
Categories • Asset-based grants • Income-based grants • Grants related to loans
Tax • Current • Deferred
Repayment
Disclosure
SIC 10 – No specific relation to operating activities Government Grants - Definition:
Government assistance
Transfer of resources to entity
Past/future compliance
Certain conditions linked to activities of entity Categories: Asset-base...

Summary of Lecture Notes: IFRS 9 & IAS 32

Contents IFRS 9 – Classification: 1 Impairment Assessment: 3 Transition from IAS 39 to IFRS 9 7

A summary of accounting for financial instruments under the various business models using IFRS 9.