This article provides a summary of the MFRS 136 disclosure requirements and highlights particular areas of focus for regulators, including select illustrative examples for these areas of focus.
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Insights into MFRS 136
Presentation and disclosure
MFRS
MFRS 136 Other impairment issues
This article considers some regularly encountered application issues when applying MFRS 136, which are the ‘deferred tax and goodwill problem’, non-controlling interests, equity accounting, and the interaction between MFRS 136 and other MFRS.
Insights into MFRS 8
Disclosures for annual financial statements
Our ‘Insights into MFRS 8’ series is designed to illustrate how MFRS 8 should be applied and it provides guidance and insight in some problematic areas. We also include several examples illustrating the Standard’s requirements. This article sets out example disclosures of segment information.
Insights into MFRS 8
Disclosures for interim financial statements
Understanding how an entity is performing from management’s point of view during an interim reporting period can be just as important as the annual disclosures that are required when following MFRS 8 ‘Operating Segments’ – which sets out the minimum disclosure requirements for annual reporting periods.
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MFRS
MFRS 8 - Other application issues and Standards involving operating segments
This article sets out further application issues and information regarding other standards involving operating segments.
MFRS
MFRS 8 - Entity-wide disclosures
This article sets out the requirements for entity-wide disclosures.
MFRS
MFRS 8 - Segment information to be disclosed
This article sets out the segment information that needs to be disclosed in the consolidated financial statements of the reporting entity.
MFRS
Insights into MFRS 8 - Reportable segments
This article sets out the requirements of identifying reportable segments, which is closely linked to aggregating operating segments.
MFRS
Insights into MFRS 8 - Aggregation of operating segments
This article sets out the requirements when aggregating operating segments, which is closely linked to reportable segments.
Insights into MFRS 136
Reversing impairment losses
This article focuses on part step 6; reversing impairment losses
Insights into MFRS 136
Recognising impairment losses
This article focuses on part step 6; recognition of impairment losses
Insights into MFRS 136
Comparing recoverable amount with carrying amount
This article discusses when there are exceptions to the rule of comparing recoverable amount with carrying amount, which is step 5 in the impairment review process.
Insights into MFRS 136
Value in use: applying the appropriate discount rate
This article is the final in a three-part series on Step 4 of the impairment review on estimating the recoverable amount and discusses how to estimate an appropriate discount rate in value in use (VIU) calculations.