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5.1 Financial reporting

This class was created by Brainscape user Jesper Gustafsson. Visit their profile to learn more about the creator.

By: Jesper Gustafsson
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Decks in this class (16)

Chapter 1 (The regulatory framework)
Main sources of regulation 1,
The bodies of the ifrs foundation 2,
What is the aim objectives for th...
6  cards
Chapter 2 (The IASB conceptual framework)
Which areas should a conceptual f...,
Main purposes objectives for the ...,
Primary users 3
16  cards
Chapter 3 (presentation of financial statements)
The objective for the financial s...,
What does a complete set of finan...,
What is material information 3
10  cards
Chapter 4 (accounting policies, accounting estimates and errors)
Give examples of accounting stand...,
When can a company choose to chan...,
How will the accounting be affect...
5  cards
Chapter 5 (PPE - Property, plant and equipment)
Definition of property plant and ...,
Carrying amount 2,
If it is probable that future eco...
13  cards
Chapter 6 (intangible assets)
What criteria must be fulfilled i...,
Explain the term separable in rel...,
Why is it difficult to recognize ...
9  cards
Chapter 7 (impairment of assets)
Give an example of indication of ...,
Can an asset be impaired if there...,
For which assets must the recover...
5  cards
Chapter 8 (non-current assets held for sale and discontinued operations)
How is an asset held for sale def...,
How is highly probable defined re...,
What is a disposal group 3
7  cards
Chapter 9 (Leases)
How is a lease defined in ifrs16 1,
Throughout the period of use the ...,
How is the lease term defined 3
8  cards
Chapter 11 (Financial instruments)
Define a financial asset 1,
Define a financial liability 2,
Define an equity instrument 3
11  cards
Chapter 12 (Provisions and events after the reporting period)
How is a provision defined 1,
What is an obligating event and w...,
How will the calculation of the p...
7  cards
Chapter 13 (Revenues from contracts with customers)
Which are the levels in the five ...,
When identifying the revenue cont...,
Why is it important to identify t...
11  cards
Chapter 14 (Employee benefits)
Which are the two types of pensio...,
Which of the two pension plans wi...,
What is a defined benefit obligat...
10  cards
Chapter 16 (Statement of cash flows)
Which are the three activities de...,
Which are the two methods used fo...,
What is the starting point for th...
7  cards
Chapter 23 (Earnings per share)
How is basic eps calculated 1,
How is the eps calculation affect...,
If the company presents discontin...
8  cards
Key ratios
Return on capital employed roce 1,
Roc 2,
Ebitda margin 3
48  cards

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5.1 Financial reporting

  • Class purpose General learning

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