Thashmiavather

This summary takes the lecture notes, textbook notes, IFRS and my own input into consideration to turn accounting for financial instruments into something simpler to understand. This summary outlines all the basics that you need to know in order to be able to answer a question on this section. This covers accounting for financial assets, financial liabilities and equity instruments. Compound instruments are also covered in this summary as well as preference shares. Use this summary to solidify ...

This package includes summaries of sections dealt with in FRK300. So far it includes IFRS 15, IAS 16, IAS 12 and IAS 38, but more will be uploaded soon. These summaries are made from a combination of information from the textbook (Introduction to IFRS), lecturer notes/slides as well as my own inputs. Use this as well as the question bank to pass!

This is a detailed summary of everything you need to know about IFRS 15 in order to easily pass any question on it in tests/exams. Included in this summary is tips on the answering structure for questions in this section, as well as general journal entries that you need to be aware of. Ensure that, along with utilizing this summary, you properly flag your IFRS 15 so that the applicable sections can easily be found in a test. Good luck!

Revaluation Model is a type of measurement model available to certain assets (usually land) within the scope of IAS 16. This summary combines lecture notes, Introduction to IFRS and personal notes in order to outline how to measure and disclose revaluation surpluses and deficits. This summary contains all the info you need in order to be able to answer questions. Supplement this summary with doing question bank questions in order to master this section.

This is a summary of intangible assets (IAS 38) as it is taught in FRK300. The requirements for this section is to be able to identify, measure and properly disclose intangible assets in accordance with IAS 38. This document summarizes the measurement as well as gives an example of required disclosure. Supplement this summary with doing question bank questions and you will have mastered this section before the exam!

This is a summary of Income Tax Expense as it is taught in FRK300. The summary is made up of a combination of sources - Introduction to IFRS, lecture slides, lecture notes and personal notes. This summary contains: deferred tax, current tax, income tax expense note (and tax rate reconciliation). This summary is meant to be utilized to revise before tests/exams. It is very important to have a good grasp of this section as it appears in almost every single test!