Day 2. The Financial Reporting Framework
B1. The Application Of An Accounting Framework - Chapters 4-7
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.
B1g. Definition of an Asset
01Introduction3:55
B1g. Assets - Rights
02Explanation0:47
B1g. Assets - Control
03Explanation0:39
B1g. Definition of a Liability
04Explanation4:03
B1g. Liability - Practical Ability to Avoid
05Explanation1:01
B1g. Liability - Present Obligation
06Explanation0:53
B1g. Units of Account
07Explanation0:29
B1g. Talking points on Definitions
08Test questions
B1f. Recognition Intro
09Video1:30
B1f. Recognition Recap
10Recap3:06
B1f. Derecognition Intro
11Explanation0:40
B1f. Derecognition
12Explanation1:29
B1f. Derecognition - Strange Ones
13Explanation1:29
B1f. Derecognition - Strange Ones Contd
14Explanation0:30
B1f. Derecognition - Modified Contracts
15Explanation1:48
B1f. Historical Cost
16Explanation2:37
B1f. Info provided by using Historic Cost
17Explanation1:53
B1f. Fair Values
18Explanation1:41
B1f. Info provided by using Fair Values
19Video1:31
B1f. Value in Use / Fulfilment Value
20Explanation1:02
B1f. Info provided by using VIU
21Explanation0:30
B1f. Current Cost
22Explanation1:08
B1f. Info provided by using Current Cost
23Explanation0:57
B1f. Selecting a Basis - Fundamental Characteristics
24Explanation2:32
B1f. Selecting a Basis - Enhancing Characteristics
25Explanation1:32
B1f. Initial Measurement basis
26Explanation1:10
B1f. More than 1 Measurement Base
27Explanation0:52
B1f. Equity and Cashflow techniques
28Explanation1:17
B1f. Presentation and Disclosure
29Explanation2:09
B1g. Reporting Of Items In The OCI
30Video2:26
B1g. Reporting Of Items In The Soci And Oci (recap)
31Notes