DipIFR technical articles

IFRS 9, Financial Instruments
This two-part article focuses on financial instruments. Part 1 covers recognition, measurement of financial assets, measurement of financial liabilities, derecognition, reclassification and impairment. While part 2 looks at derivatives and hedge accounting.

IFRS 2, Share-based Payment
Part 1 – Equity-settled share-based payments
Part 2 – Cash-settled share-based payments and transactions with a choice of settlement

Ethics in DipIFR exam questions
Candidates who are sitting the DipIFR exam are expected to have a general appreciation of the contents of the Code of Ethics for Professional Accountants together with a specific knowledge of section 100, sections 110-115, and section 120. This knowledge and understanding will be tested in question 2 of the DipIFR exam from December 2021.

IFRS 13, Fair Value Measurement
Fair value is widely used in financial reporting from the revaluation model in IAS 16®, Property, Plant and Equipment to the widespread application in the more complex IFRS 9 Financial Instruments. Prior to IFRS 13®, Fair Value Measurement, there was no coherent definition of fair value despite its widespread use.

Profit, loss and other comprehensive income
This article looks at what differentiates profit or loss from other comprehensive income and where items should be presented.

Revenue revisited
This two-part article considers the application of IFRS 15, Revenue from Contracts with Customers using the five-step model.

When does debt seem to be equity?
The difference between debt and equity in an entity’s statement of financial position is not easy to distinguish for preparers of financial statements. Many financial instruments have both features with the result that this can lead to inconsistency of reporting. This article explains the distinction between debt and equity and the key factors that determine whether an instrument is classified as debt or equity.

IFRS 3, Business Combinations
This article explains the relevance of IFRS 3.

A focus on the International Financial Reporting Standard for small to medium-sized entities.

Examiner's guidance on treatment of revaluation of non-current assets
A short example giving technical guidance on the accounting treatment of the transfer of excess depreciation after revaluation of non-current assets.

Impairment of goodwill
This article discusses and shows both ways of measuring goodwill following the acquisition of a subsidiary, and how each measurement of goodwill is subject to an impairment review.

An overview of IFRS 6, Exploration for and Evaluation of Mineral Resources.

Testing your knowledge of share-based transactions.

IAS 41
The impact of the introduction of IAS 41 on agricultural activities where the income-producing biological assets are expected to have economic lives that stretch beyond one accounting period.

IFRS 16, Leases
The purpose of this article is to summarise the key changes introduced by IFRS 16 from the perspective of the lessee.

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