[aaykarbhavan] Fw: Non-GAAP measures and IFRS – Conflict between management perspective and end user needs
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From: Wiley Insight IFRS <e-service@wiley.com>
To: ramachandran_ca@yahoo.co.in
Sent: Saturday, 4 July 2015 7:33 AM
Subject: Non-GAAP measures and IFRS – Conflict between management perspective and end user needs
Non-GAAP measures and IFRS – Conflict between management perspective and end user needs Non-GAAP measures and IFRS – Conflict between management perspective and end user needs | | | TOP STORY |  | Conflict is inherent between management's use of historical financial statements for interpreting and explaining the financial position and performance of an entity and investors' use which includes comparability between entities. The ultimate decision to be made is in answer to the question: Should management be permitted to incorporate their discussion and analysis into the general purpose financial statements prepared in accordance with IFRS? Paul Rhodes analyses what needs to be clarified in the area of alternative performance measures and non-IFRS information. | | WORKED EXAMPLE IFRS 5 – Measurement rules for disposal groups held for sale Amitabha Mukherjee, IFRS trainer, consultant and author, illustrates how to account for assets in disposal groups held for sale. In this example he outlines how to measure current assets - trade receivables and inventories; and non-current assets - land and buildings, property plant and equipment and intangible assets. He then guides you through how to work out the impairment loss for the different assets in the group. Continuing our series of responses from around the world to the IASB's Agenda Consultation 2015, our panellist from Ecuador, Luis Chavez recommends further guidance on financial statement presentation and the underlying concepts behind the calculation of discount rates. "A challenge for preparers of financial statements related to this issue is to strengthen their knowledge of corporate finance. Understanding the underlying concepts and application of discount rates requires a strong background in finance and not just accountancy." SUBMIT YOUR SUGGESTIONS? If you would like to join our panel of experts or submit an idea or article, please contact mrajendran@wiley.com. | | | |
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Posted by: Ramachandran Mahadevan <ramachandran_ca@yahoo.co.in>
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