Read our insights

This issue considers the reverse acquisition by a listed company.

This issue considers how a purchaser accounts for discounts and rebates when buying inventory.

This edition considers whether the purchase of an investment property is accounted for as a business combination or as an asset purchase.

This edition provides a framework for accounting for loans made by an entity to a related party that are at below-market levels of interest.

This publication provides guidance on the application of MFRS 139’s impairment rules to investments in equity instruments that are classified as available-for-sale (AFS equity investments).

This publication considers the appropriate accounting for contracts that require an entity to make payments based on future entity revenues or product sales.

This publication provides guidance on when an entity designates a cash flow hedge of a highly probable forecast transaction, what are the accounting consequences.

This publication provides guidance on when an entity designates a cash flow hedge of a highly probable forecast transaction, what are the accounting consequences.

In this Hot Topic, it is assumed throughout that the host sale or purchase contract is outside the scope of MFRS 139. Contracts that can be settled net (rather than by physical delivery and gross settlement) are within the scope of MFRS 139 unless they are for the entity’s expected sale, purchase or usage requirements (MFRS 139.5).

This publication discusses should assets and liabilities arising from derivative financial instruments (derivatives) be classified in the statement of financial position as current or non-current.

A contractual obligation to pay interest or dividends linked to profits of the issuer should be classified as a liability (rather than as equity) by the issuer.

Business combinations involving entities under common control are outside the scope of MFRS 3 Business Combinations (MFRS 3.2(c)), and there is no other specific MFRS guidance. Accordingly, management should use its judgement to develop an accounting policy that is relevant and reliable, in accordance with Paragraphs 10 to 12 of MFRS 108 Accounting Policies, Changes in Accounting Estimates and Errors.

Business combinations involving entities under common control are outside the scope of MFRS 3 Business Combinations (MFRS 3.2(c)), and there is no other specific MFRS guidance. Accordingly, management should use its judgement to develop an accounting policy that is relevant and reliable, in accordance with Paragraphs 10 to 12 of MFRS 108 Accounting Policies, Changes in Accounting Estimates and Errors.

Business combinations involving entities under common control are outside the scope of MFRS 3 Business Combinations (MFRS 3.2(c)), and there is no other specific MFRS guidance. Accordingly, management should use its judgement to develop an accounting policy that is relevant and reliable, in accordance with Paragraphs 10 to 12 of MFRS 108 Accounting Policies, Changes in Accounting Estimates and Errors.

Business combinations involving entities under common control are outside the scope of MFRS 3 Business Combinations (MFRS 3.2(c)), and there is no other specific MFRS guidance. Accordingly, management should use its judgement to develop an accounting policy that is relevant and reliable, in accordance with Paragraphs 10 to 12 of MFRS 108 Accounting Policies, Changes in Accounting Estimates and Errors.

Business combinations involving entities under common control are outside the scope of MFRS 3 Business Combinations (MFRS 3.2(c)), and there is no other specific MFRS guidance. Accordingly, management should use its judgement to develop an accounting policy that is relevant and reliable, in accordance with Paragraphs 10 to 12 of MFRS 108 Accounting Policies, Changes in Accounting Estimates and Errors.