Category: Ey illustrative financial statements 2019 us gaap

11.12.2020

Ey illustrative financial statements 2019 us gaap

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These financial statements illustrate the presentation and disclosure requirements of IFRSs for the year ended 31 December by an entity that is not a first-time adopter of IFRSs.

They illustrate the impact of the application of IFRSs that are mandatorily effective for the annual period beginning on 1 January An appendix illustrating transitioning to IFRS 16 Leases using the cumulative catch-up approach is available here.

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ey illustrative financial statements 2019 us gaap

IAS plus. Login or Register Deloitte User? Welcome My account Logout. Search site. Toggle navigation. Related Topics. Publication series. Related news New and revised pronouncements as at 31 March 06 Mar New and revised pronouncements as at 31 December 10 Dec IFRS model financial statements 08 Nov New and revised pronouncements as at 30 September 10 Sep New and revised pronouncements as at 30 June 07 Jun New and revised pronouncements as at 31 March 03 Apr All Related.

IFRS compliance, presentation and disclosure checklist 05 Aug IAS 34 compliance checklist 05 Aug IFRS in your pocket 18 Feb See Legal for more information. DTTL also referred to as "Deloitte Global" and each of its member firms are legally separate and independent entities. DTTL does not provide services to clients. Please see www. Correction list for hyphenation These words serve as exceptions.This edition contains the illustrative consolidated financial statements of Good Bank International Limited and its subsidiaries for the year ended 31 December They are prepared in accordance with IFRS in issue at 30 September and effective for annual periods beginning 1 Januaryunless otherwise stated.

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

For more information about our organization, please visit ey. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.

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Good Group illustrative financial statements (December 2019)

Local sites. Connect with us. Good Bank International Limited December Subject IFRS technical resources. Categories Core tools Financial instruments. Link copied. Illustrative consolidated financial statements of Good Bank International Limited for the year ended 31 December Show resources Download these financial statements pdf 4 MB.

All Rights Reserved. ED MMYY This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Welcome to EY. I agree to all cookies and want to access the website.This publication contains an illustrative set of consolidated financial statements for Good Group International Limited the parent and its subsidiaries the Group for the year-end 31 December that is prepared in accordance with International Financial Reporting Standards IFRS.

The Group is a fictitious, large publicly listed manufacturing company. The parent is incorporated in a fictitious country within Europe.

ey illustrative financial statements 2019 us gaap

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

For more information about our organization, please visit ey. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice. You may withdraw your consent to cookies at any time once you have entered the website through a link in the privacy policy, which you can find at the bottom of each page on the website.

Customize cookies. Skip to the content. EY Homepage. Recent searches. See all results for. Who we are What we do What we think Work with us Our locations. Select your location Change. Local sites. Connect with us. Good Group illustrative financial statements December Subject IFRS technical resources. Categories Core tools. Link copied. This edition contains illustrative consolidated financial statements with year-end 31 December Show resources Download these consolidated financial statements pdf 3 MB.

All Rights Reserved. ED MMYY This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice.

Good Bank (International) Limited (December 2019)

Welcome to EY. I agree to all cookies and want to access the website.The Illustrative consolidated financial statements of Good Mining International Limited and subsidiaries for the year ended 31 December This publication provides a summary of the new disclosure requirements for lessees in IFRS 16, both at transition and on an ongoing basis.

At its November meeting, the Board agreed a re-deliberation plan for proposed amendments to IFRS 17, which it hopes to complete by February This edition of the checklist is applicable for entities with a year end of 31 December It is available in a variety of formats.

The IFRIC clarified that uncertain tax liabilities must be presented as current or deferred tax liabilities, and uncertain tax assets as current or deferred tax assets. Read our updated Applying IFRS publication on the revenue standard, which includes important changes to address evolving application issues. IFRS 15 Revenue from Contracts with Customers provides a single revenue recognition model based on the transfer of control of a good or service to a customer.

The new revenue standard marks a significant change from current requirements under IFRS. It provides a more structured approach to measuring and recognising revenue, with detailed application guidance. Therefore, adoption may be a significant undertaking for many entities.

Early assessment will be key to managing a successful implementation. Watch this 3-minute video about preparing to implement the new revenue recognition standard. Lessees applying IFRS 16 will have a single accounting model, with certain exemptions.

Watch this short video about preparing to implement the new leases standard. Accounting for dynamic risk management, commonly referred to as macro hedging, does not form part of IFRS 9 and is a separate project. IFRS 9 introduces principles-based requirements for classification and measurement.

Also, the IASB has addressed the key concern that arose as a result of the financial crisis that the incurred loss model in IAS 39 contributed to the delayed recognition of credit losses, by issuing the new impairment requirements that are based on a more forward-looking expected credit loss model. The hedge accounting requirements in IFRS 9 were developed with a view to providing better information about the management activities that involve hedging.

Welcome to the first in this series of EY videos on the implementation of the new leases standard, IFRS 16, which became effective this year. This short series aims to provide reminders during the first year that IFRS 16 is effective and to share some of the latest insights with IFRS reporters. IFRS 17 supersedes IFRS 4 Insurance Contractsan interim standard issued in that allows entities to use a wide variety of accounting practices for insurance contracts.

More than 20 years in development, IFRS 17 represents a complete overhaul of accounting for insurance contracts. The new standard applies a current value approach to measuring insurance contracts and recognises profit as insurers provide services and are released from risk.

Good Petroleum – Illustrative Financial Statements 2019

In addition to the priority projects i. Coverage of those projects is available:. Feedback on these materials is welcome. Global English Location selector Remember my selection. Visit our new website to find insights, case studies and more. Presentation of liabilities or assets - uncertain tax treatments The IFRIC clarified that uncertain tax liabilities must be presented as current or deferred tax liabilities, and uncertain tax assets as current or deferred tax assets.

EY video Watch this 3-minute video about preparing to implement the new revenue recognition standard. EY video Watch this short video about preparing to implement the new leases standard. Contact us Feedback on these materials is welcome. Connect with us.

ey illustrative financial statements 2019 us gaap

EY videos Watch this 3-minute video about preparing to implement the new revenue recognition standard.Our financial reporting guide, Financial statement presentationdetails the financial statement presentation and disclosure requirements for common balance sheet and income statement accounts. In addition, the guide covers the presentation and disclosures related to:. Our guide has been updated to reflect new and revised guidance from the FASB and our related interpretations.

Accounting for the impacts of the current global crisis, the adoption of CECL, and reference rate reform are all covered in this edition of The quarter close. We take you back to the basics on earnings per share with 5 things you need to know. Heather Horn. All rights reserved. PwC refers to the US member firm or one of its subsidiaries or affiliates, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www. This guide was fully updated in October Subscribe to PwC's accounting weekly news.

Download the guide Financial statement presentation. In addition, the guide covers the presentation and disclosures related to: Earnings per share calculations Changes in estimate, accounting principles, and errors Subsequent events Parent company-only financial statements Limited liability companies and partnerships Commitments, contingencies, and guarantees Our guide has been updated to reflect new and revised guidance from the FASB and our related interpretations.

Downloading the guide onto an iPad. Click on the button below to open document: Financial statement presentation Once the PDF opens, click on the Action button, which appears as a square icon with an upwards pointing arrow.

Global IFRS: IFRS Interpretations Committee agenda decisions on IFRS 16 (I)

From within the action menu, select the "Copy to iBooks" option. The guide will then be saved to your iBooks app for future access. Sign up for our weekly news and alerts. Related content The quarter close - First quarter Accounting for the impacts of the current global crisis, the adoption of CECL, and reference rate reform are all covered in this edition of The quarter close. Sign in. Create your account.

ey illustrative financial statements 2019 us gaap

Follow us.Our compliance-focused guides help you prepare financial statements. They have two components:. IFRS 16 Leases replaces the requirements in IAS 17 Leases and related interpretations, and is applicable for the first time for entities with an annual reporting period beginning on or after 1 January Applying the new standard is expected to significantly affect the disclosures included in the financial statements of some companies.

The areas to focus on include the following. Our annual illustrative disclosures PDF 2. The quality and clarity of explanations of changes in accounting policies and their impacts are key. Investors and other stakeholders will be keenly interested in disclosures of changes in key judgements and estimates. Banks PDF 2. Request for proposal. Save what resonates, curate a library of information, and share content with your network of contacts. You've been a member since.

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Since the last time you logged in our privacy statement has been updated. We want to ensure that you are kept up to date with any changes and as such would ask that you take a moment to review the changes.This edition contains the illustrative consolidated financial statements of Good Mining International Limited and subsidiaries for the year ended 31 December The consolidated illustrative financial statements are prepared in accordance with IFRS in issue at 30 September and effective for annual periods beginning 1 January EY is a global leader in assurance, tax, transaction and advisory services.

The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

For more information about our organization, please visit ey. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice. You may withdraw your consent to cookies at any time once you have entered the website through a link in the privacy policy, which you can find at the bottom of each page on the website.

Customize cookies. Skip to the content. EY Homepage. Recent searches. See all results for. Who we are What we do What we think Work with us Our locations. Select your location Change. Local sites. Connect with us. Good Mining — Illustrative Financial Statements Subject IFRS technical resources.

Categories Core tools. Link copied. Illustrative financial statements for Good Mining International Limited for the year ended 31 December Show resources Download these consolidated financial statements pdf 4 MB.

All Rights Reserved. ED MMYY This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Welcome to EY. I agree to all cookies and want to access the website.