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Nick Duley
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Decks in this class (73)
IAS 1
Overview of ias 1,
Scope of ias 1,
Objective of financial statements
7
cards
IAS 16
Purpose of ias 16,
What is ppe,
Useful life for ppe
30
cards
IAS 40
Cost model measurement,
What is an investment property ca...,
What is an investment property un...
15
cards
IAS 23
What are borrowing costs,
What happens with other borrowing...,
What are borrowing costs
13
cards
IAS 38
Intangible asset recognition crit...,
Intangible asset recognition crit...,
Intangible asset recognition crit...
26
cards
IAS 36
What are external sources,
What are internal sources of impa...,
What if carrying value recoverabl...
23
cards
IAS 8
What is meant by accounting policies,
What is a change in accounting es...,
What is materiality
33
cards
IAS 2
What is an overview of inventories,
What do inventories include,
What do inventories not include
17
cards
IFRS 9
Initial recognition of financial ...,
If there s no fair value in finan...,
Subsequent measurement of financi...
26
cards
IAS 32
How are instruments classified,
Differentiation between financial...,
What happens with a compound fina...
6
cards
IFRS 10
What is a parent,
What is a subsidiary,
Investor controls investee when
67
cards
IAS 12
What is current tax,
How should current tax be recognised,
How is the income tax expense thr...
54
cards
IAS 12 (2)
What is accounting profit loss,
What is current income tax,
Current income tax calculation
18
cards
IAS 20
Recognise grant when,
How should grants be recognised,
What is deferred income approach
14
cards
IFRS 16
What should lessee initially reco...,
What is the right of use asset,
Examples of initial direct costs ...
60
cards
IFRS 15
1st step,
2nd step,
3rd step
61
cards
IFRS 13
What is fair value,
Approaches to fair value,
Active market price
13
cards
IFRS 5 (NCA Held for Sale)
What does ifrs 5 aid,
When can asset be held for sale,
What happens with nca classified ...
12
cards
IFRS 5 (Discontinued Operations)
Example of discontinued operation...,
Example of discontinued operation...,
Example of discontinued operation...
6
cards
IAS 21
What is a functional currency,
Where is currency translated,
What is restated at year end clos...
21
cards
IAS 28
What is an associate,
What is a significant influence,
How can significant influence be ...
11
cards
IAS 10
What are adjusting events,
What are non adjusting events,
Example of adjusting events court...
42
cards
IAS 37
What are the present obligations ...,
Provision characteristics,
What does probable mean
38
cards
IAS 33
Basic eps calculation,
Issue of shares example,
Is there cash for a bonus issue
32
cards
Analysis of FSs Intro
An analysis of financial performa...,
What is included in ratio analysis,
What is included in the analytica...
32
cards
SPL Analysis
Gross margin calculation,
Operating profit margin calculation,
Net profit margin calculation
17
cards
SFP Analysis
What is liquidity,
What is done before analysing liq...,
What happens once cash movements ...
24
cards
Investor Analysis
What are dividends,
How to calculate dividend per share,
What is dividend cover
14
cards
Limitations of FSs
How can seasonal trading distort ...,
Seasonal trading effect,
How can major asset acquisitions ...
11
cards
All Relevant Ratios Calculations
How to calculate capital employed,
How to calculate asset turnover,
How to calculate return on capita...
35
cards
FSs Characteristics for Interpretation
What are liquid assets,
What are liquid funds,
What does a low asset turnover su...
7
cards
IAS 1 Section C Common Aspects
Potential details of a non curren...,
Major asset disposal effect on pr...,
Which ratios does disposal improve
10
cards
IAS 1 ROCE
What is capital employed,
What is roce generally considered...,
Why is roce a primary profitabili...
19
cards
IAS 1 Asset Turnover
What does asset turnover show,
Ways in which asset turnover incr...
2
cards
IAS 1 Profit Margins
What does gross profit margin loo...,
Variation in gross profit margin ...,
An example of a change in cost of...
11
cards
IAS 1 Current and Quick Ratio
What does current ratio consider,
Ideal current ratio,
Current ratio in a service industry
9
cards
IAS 1 Receivables Collection
What aids a business cash flow,
Example of where a business has a...,
What if receivables are shorter c...
12
cards
IAS 1 Payables Collection
What represents an increase in pa...,
Why is it important a business pa...,
What if payable days are reducing
4
cards
IAS 1 Inventory Days
What makes good inventory days,
Issue with holding inventory for ...,
What must a business do
7
cards
IAS 1 Gearing
Why is gearing important,
If borrowing increases,
An example of a high gearing but ...
15
cards
SCE IAS 1
Main columns in sce,
Dividend paid,
Share issue
8
cards
IAS 1 Working Capital Cycle
What does the working capital cyc...,
Working capital cycle meaning,
What is inventoy holding period u...
6
cards
IAS 1 Interest Cover
What does interest cover show,
Ideal interest cover,
What is a low interest cover
3
cards
IAS 1 Dividend Yield
What does interest cover show,
How is dividend per share taken,
What if share price is quoted as ...
4
cards
IAS 1 Dividend Cover
What does dividend cover show,
A dividend cover of two times,
What is worth investigating
4
cards
IAS 1 PE Ratio
What does a high pe ratio mean,
How can pe ratios of company be c...
2
cards
IAS 1 Adjustment to Operating Expenses
Revenue before disposal,
Loss on disposal,
Management charge payment
6
cards
Consolidation Adjustments
Intra company sales,
Intracompany sales double entry,
Intracompany loan double entry
27
cards
Adjustments to Profit (Section C Question)
Debit entries,
Credit entries,
Issue cost on loan
13
cards
Consoldiation and Single Full List of Adjustments
Adding to share capital,
Adding to share premium,
Dividend paid treatment
265
cards
Conceptual Framework
Theoretical principles in financi...,
Conceptual framework forms basis on,
Advantages of conceptual framework
34
cards
Historical and Current Value
What is historical cost,
Historical cost advantage,
Limitations of historical cost
14
cards
Regulatory Framework
Why regulatory framework is neces...,
What is principles based,
What does principles based approa...
18
cards
IAS 7
Parts of scf,
How to calculate dividend paid,
Calculate total cash for one year
26
cards
IAS 7 Activities Test
Profit before tax,
Finance cost,
Investment income
40
cards
IAS 7 Theory
What can cash flow do which other...,
What should operating cash inflow be,
Delaying payments to suppliers
12
cards
Consolidation Theory
What happens with intra group bal...,
How is equity increased in consol...,
What do results of a consolidated...
5
cards
Interpretation Question Approach
Components of response,
What should be included in an int...,
What should be included in a conc...
5
cards
Industry Analysis (Section C)
Which businesses have high assets,
Do manufacturing businesses have ...,
Which businesses have high inventory
40
cards
Interpretation Rote
More profits used leads to what f...,
Trade payables increase,
What is unwise to do when working...
95
cards
IFRS 10 NCI
Adjustment example,
2
cards
Faithful Representation Examples
Balance sheet faithful representa...,
Income statement faithful represe...,
Cash flow statement faithful repr...
3
cards
Lower of or higher of
Ifrs 16,
Ias 36,
Ifrs 5
41
cards
ASSOCIATE IMPORTANT CONCEPT SPL
Sale parent sub,
Sale sub parent,
Sale associate parent purp
5
cards
IFRS 15 Specific Transactions
Principal,
Revenue in principal,
Agent
26
cards
Last Minute Revision
When to recognise provision,
Restructuring provision,
What is a constructive obligation
169
cards
Interpretation Last Minute Revision
Problem with fv,
Low liquidity ratios,
Too high liqudiity ratios
64
cards
Cash Flow Snappy Revision
Bonus issue,
Revaluation,
Depreciation and amortisation
8
cards
Awkward Double Entry Last Minute
How is disposal on a factory treated,
Significant financing component d...,
Loss in fv of investment when fvtoci
86
cards
Gross profit and working capital Interpretation
Increase in profit seling price,
Increase in profit cost of sales,
Increase in profit product
39
cards
Repurchase Agreement Types
A forward contract,
A call contract,
A put contract
8
cards
Interpretation Scenarios
Question to ask myself,
One entity over two periods what ...,
Two entities for the same period
7
cards
IAS 12
Deductible,
Temporary,
Missing items in inventory
12
cards
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ias & ifrs standards overview
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