Syllabus B1
The Application Of An Accounting Framework - Chapters 4-7 2 / 2
f) Evaluate the decisions made by management on recognition, derecognition and measurement.
g) Critically discuss and apply the definitions of the elements of financial statements and the reporting of items in the statement of profit or loss and other comprehensive income.
Definition of an Asset
0:54
Assets - Rights
0:47
Assets - Control
0:39
Definition of a Liability
1:04
Liability - Practical Ability to Avoid
1:01
Liability - Present Obligation
0:53
Units of Account
0:29
Talking points on Definitions
Recognition Intro
1:32
Recognition Recap
3:06
Derecognition Intro
0:21
Derecognition
1:29
Derecognition - Strange Ones
1:29
Derecognition - Strange Ones Contd
0:30
Derecognition - Modified Contracts
1:48
Historical Cost
2:37
Info provided by using Historic Cost
1:53
Fair Values
1:41
Info provided by using Fair Values
1:31
Value in Use / Fulfilment Value
1:02
Info provided by using VIU
0:30
Current Cost
1:08
Info provided by using Current Cost
0:57
Selecting a Basis - Fundamental Characteristics
2:32
Selecting a Basis - Enhancing Characteristics
1:32
Initial Measurement basis
1:10
More than 1 Measurement Base
0:52
Equity and Cashflow techniques
1:17
Presentation and Disclosure
2:09
Reporting Of Items In The OCI
0:34
Reporting Of Items In The Soci And Oci (recap)
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