Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
4 Cards in this Set
- Front
- Back
|
Related party transaction disclosures |
1. description of relationship 2. description of transaction 3. amount 4. measurement basis 5. any amounts due to the president (IFRS vs ASPE -> IFRS doesnt require remeasurement of RPT) |
|
|
Related party transaction not in normal course of operations between 2 parties |
asset accounted for at carrying value for purchaser: debit RE and any contribution surplus for seller: cr: as contribution surplus the excess |
|
|
IFRS segment reporting |
1. > 10% of revenues for combined segments 2. 10% or more of greater of: combined operating profits showing or not showing a loss 3. 10% or more of assets of all segments |
|
|
accounting problems related to presentation of interim data |
1. changes in accounting 2. difficulty in allocating costs ie income tax, pensions to proper quarter 3. presentation of EPS 4. seasonality 5. auditor's involvement in interim reports |
