Presentation and Disclosures
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A Practical Guide to IFRS 7 for Investment
Asset Management A practical guide to IFRS 7 For investment managers and investment, private equity and real estate funds April 2010 PricewaterhouseCoopers’ IFRS and corporate governance publications and tools 2010 IFRS technical publications IFRS disclosure checklist 2009 IFRS manual of accounting 2010 Outlines the disclosures required by all IFRSs PwC’s global IFRS manual provides published up to October 2009. comprehensive practical guidance on how to prepare financial statements in accordance with IFRS. Includes hundreds of worked examples, extracts from company reports and model financial statements. IFRS pocket guide 2009 Provides a summary of the IFRS recognition and measurement requirements. Including currencies, A practical guide to IFRS 8 for real estate entities assets, liabilities, equity, income, expenses, business Guidance in question-and-answer format addressing combinations and interim financial statements. the issues arising for real estate entities when applying IFRS 8, ‘Operating segments’. Illustrative IFRS financial statements 2009 – investment funds Updated financial statements of a fictional investment fund illustrating the disclosure and A practical guide for investment funds presentation required by IFRSs applicable to to IAS 32 amendments financial years beginning on or after 1 January 2009. 12-page guide addressing the questions that are The company is an existing preparer of IFRS arising in applying the amendment IAS 32 and IAS 1, financial statements; IFRS 1 is not applicable. ‘Puttable financial instruments and obligations arising in liquidation’, with a focus on puttable instruments. Illustrative IFRS financial statements 2009 – private equity A practical guide to new IFRSs for 2010 Financial statements of a fictional private equity 48-page guidance providing high-level outline of hte limited partnership illustrating the disclosure and key requirements of IFRSs effective in 2010, in presentation required by IFRSs applicable to question and answer format. -
IFRS in Your Pocket 2019.Pdf
IFRS in your pocket 2019 Contents Abbreviations 1 Foreword 2 Our IAS Plus website 3 IFRS Standards around the world 5 The IFRS Foundation and the IASB 7 Standards and Interpretations 15 Standards and Interpretations 24 Summaries of Standards and Interpretations in effect at 1 January 2019 29 Requirements that are not yet mandatory 100 IASB projects 104 Deloitte IFRS resources 111 Contacts 113 IFRS in your pocket |2019 Abbreviations ARC Accounting Regulatory Commission ASAF Accounting Standards Advisory Forum DP Discussion Paper EC European Commission ED Exposure Draft EFRAG European Financial Reporting Advisory Group GAAP Generally Accepted Accounting Principles IAS International Accounting Standard IASB International Accounting Standards Board IASC International Accounting Standards Committee (predecessor to the IASB) IFRIC Interpretation issued by the IFRS Interpretations Committee IFRS International Financial Reporting Standard IFRS Standards All Standards and Interpretations issued by the IASB (i.e. the set comprising every IFRS, IAS, IFRIC and SIC) PIR Post-implementation Review SEC US Securities and Exchange Commission SIC Interpretation issued by the Standing Interpretations Committee of the IASC SMEs Small and Medium-sized Entities XBRL Extensible Business Reporting Language XML Extensible Markup Language 1 IFRS in your pocket |2019 Foreword Welcome to the 2019 edition of IFRS in Your Pocket. It is a concise guide of the IASB’s standard-setting activities that has made this publication an annual, and indispensable, worldwide favourite. At its core is a comprehensive summary of the current Standards and Interpretations along with details of the projects on the IASB work plan. Backing this up is information about the IASB and an analysis of the use of IFRS Standards around the world. -
Rent Expense Analysis for Companies in the S&P
Rent Expense Analysis for Companies in the S&P 500 Executive Summary In this paper, Savills Studley analyzes rent expense for companies in the S&P 500. We explore trends by industry on both an individual company and aggregate basis. We find that while companies are largely spending more on rent in absolute dollar terms, rent expense as a percentage of total operating expense and revenue has fallen. How Much Do Companies Spend on Rent? A Look at Companies in the S&P 500 How much do companies spend on rent? Have companies’ changes in rent expenditures been commensurate with their change in revenue, and more broadly, headcount? Have companies’ occupancy costs fallen as a percentage of operating expenses? Rent Expense Analysis 2 for Companies in the S&P 500 To answer these questions, we drew from publicly available data for the S&P 500 and analyzed reported-rent expense.1 We evaluated data from the first full year of recovery post-recession (fiscal year 2010) alongside the most recent fiscal year (2016). In total, 397 companies spanning 9 different sectors were analyzed. (More detail on our methodology is included in the Appendix.) While we compared industry-aggregated data across just two points in time, we were able to make several meaningful conclusions about how companies have adjusted their rent expense in the context of their growth in revenue and employment. We caveat our findings by noting the limitations of the data: many companies lease not only their real estate, but also their equipment. Because rental expense is not broken down by type of asset, we were unable to distinguish between those expenses directly tied to occupancy costs and those that were not. -
International Financial Reporting Standards Presentation and Disclosure Checklist 2006
Audit International Financial Reporting Standards Presentation and disclosure checklist 2006 An IAS Plus guide Audit.Tax.Consulting.CorporateFinancial Advisory Finance.. Contacts Global IFRS leadership team IFRS global office Global IFRS leader Ken Wild [email protected] IFRS centres of excellence Americas D.J. Gannon [email protected] Asia Pacific Hong Kong Melbourne Stephen Taylor Bruce Porter [email protected] [email protected] Europe-Africa Johannesburg London Graeme Berry Veronica Poole [email protected] [email protected] Copenhagen Paris Jan Peter Larsen Laurence Rivat [email protected] [email protected] Deloitte’s www.iasplus.com website provides comprehensive information about international financial reporting in general and IASB activities in particular. Unique features include: • daily news about financial reporting globally. • summaries of all Standards, Interpretations and proposals. • many IFRS-related publications available for download. • model IFRS financial statements and disclosure checklists. • an electronic library of several hundred IFRS resources. • all Deloitte Touche Tohmatsu comment letters to the IASB. • links to nearly 200 IFRS-related websites. • e-learning modules for each IAS and IFRS – at no charge. • complete history of adoption of IFRSs in Europe and information about adoptions of IFRSs elsewhere around the world. • updates on developments in national accounting standards. IFRS presentation and disclosure checklist 2006 International Financial Reporting Standards Presentation and disclosure checklist 2006 This checklist is intended to aid the user in determining if the presentation and disclosure requirements of International Financial Reporting Standards (IFRSs) have been met. It does not address the requirements of IFRSs as regards recognition and measurement. The checklist covers the presentation and disclosure requirements of IFRSs and Interpretations in issue at 30 June 2006, which are listed on the next page. -
In Depth IFRS 7 and IFRS 13 Disclosures
www.pwc.ie In depth IFRS 7 and IFRS 13 disclosures A In depth to the disclosure requirements of IFRS 7 and IFRS 13 for investment funds, private equity funds, real estate funds and investment managers investing into financial instruments February 2014 Contents Introduction 3 1. Scope 4 2. Classes of financial instruments 6 3. Fair value measurement disclosures 8 a) Disclosure of fair value by class of financial instrument 8 b) Applying the fair value hierarchy 9 c) Level 3 disclosure requirements 16 d) New disclosure requirements of IFRS 13 18 4. Risk disclosures 25 a) General requirements 25 b) Credit risk – credit quality 30 c) Liquidity risk – maturity analysis 32 d) Market risk – sensitivity analysis 36 5. Reclassification of financial assets 44 6. Other disclosure requirements 45 a) Collateral 45 b) Offsetting financial assets and financial liabilities 45 c) Transfer of financial assets and financial liabilities 48 d) Other quantitative disclosures 49 Contacts 51 PwC Page 2 Introduction IFRS 7 is applicable to financial and non-financial The overall disclosure objective of IFRS 13 is for an entity institutions and therefore also applies to investment to disclose information that helps users of financial funds, private equity funds, real estate funds and statements assess: investment managers. The extent of disclosure required depends on the fund's use of financial instruments and its the valuation techniques and inputs used to exposure to risk. measurement assets and liabilities that are measured at fair value on a recurring or non-recurring basis in IFRS 7 is divided in two distinct sections. The first section the statement of financial position after initial covers quantitative disclosures about the numbers in the recognition; and balance sheet and the income statement. -
Cash Flow Statement for a Services Business
Cash Flow Statement For A Services Business Web spates affrontingly while uppity Quint thrones prolately or discomforts succinctly. Myles is dyslogistically poignant after Midian Gilberto despumating his immutableness nostalgically. Cranial Chan bragging: he eliminated his cedulas edictally and apart. Budgeting allows for the contract review support of information about financial accounting systems offer one piece of flow for premium or borrowing As a service business, focus on cost control through efficient process design and waste management to boost operational performance ratios. Cash flow statements make business combination of services to help you an increase in accrued expenses, so far too small businesses need to dramatically affect your. Shows how public money comes from selling your products or services. Sales receipts from love and services and employee payroll totals. However this clutch is carried forward to income generation then understated as substantial is included in stream of sales when pattern is sold, therefore then change store inventory is reversed out of align to calculate cash flow. Use your own value. Transactions must be segregated into day three types of activities presented on the statement of cash flows operating investing and financing Operating cash flows arise leaving the normal operations of producing income either as cash receipts from revenue when cash disbursements to sand for expenses. This statement for businesses are not flow statements are activities provide you can be much cash flows of the money owed to investing activities can get trustworthy advice. With more money is flowing in than flowing out, a positive amount indicates an increase in business assets. -
Part 3 Cash Flow Statement
Part 3 Cash Flow Statement Slide # 1 Cash Flow Statement The Cash Flow Statement is the second statement you will complete, since it draws information from the Income Statement and provides information for the Balance Sheet. The ChCash Flow Sta temen t summarizes the cash actlltually entitering and lileaving the company over a period of time. Slide # 2 Cash Flow Statement How is Cash different from Net Income? All companies have at least one non‐cash expense, which is depreciation. For companies that allow accounts receivable, revenues may be recorded without a cash inflow. Likewise with accounts payable, expenses can be deducted from Net Income without a cash outflow. Additionally, Net Income reflects activity for a period of time but does not indicate how much cash was available at the start of the period. Therefore, Net Income is not the same as Cash. Example: Cash Adjustment for Depreciation If you’re working on a cash‐basis, how much of a difference could there really be between Net Income and cash? Consider this example. A newspaper company spends $250,000 in cash on a new printing press. Using a 10‐year depreciation schedule, the only expense subtracted from Net Income for the year is $25,000 in depreciation. However, cash reserves have been reduced by the full $250,000 cost. If you looked only at Net Income, you might think the company’ s cash balance is $225,000 higher than it really is. Slide # 3 Cash Flow Statement Why do you care about the cash balance? Companies only continue operating only while there is cash to pay suppliers and employees. -
Sample Operating Expense Worksheet
FTA C. 9030.1E – Appendix C OPERATING ASSISTANCE PROJECTS 1. APPENDIX CONTENTS. For applicants eligible to receive Section 5307 operating assistance, the following paragraphs present budget information to determine which operating expenses are eligible for federal funding. The discussion provides information on certain revenue and expense items of particular relevance to operating assistance projects. For further assistance, the applicant should review the cost principles and standards discussed in Office of Management and Budget (OMB) Circular A-87, “Cost Principles for State, Local, and Indian Tribal Governments,” 2 CFR part 225. The Federal Transit Administration (FTA) reserves the authority to request any applicant to provide documentation in support of expense and other financial information indicated in an operating assistance application on a case-by-case basis. In the event that an audit reveals an overpayment or an inappropriate payment of operating assistance funds, the recipient will be required to reimburse FTA. 2. OPERATING EXPENSE WORKSHEET. FTA provides an operating expense worksheet for applicants to determine the amounts of available Urbanized Area Formula Program funds that the applicant may actually request. The use of this worksheet ensures consistency in the manner FTA calculates operating expenses and provides an audit trail, which may have long- term benefits to the recipient. FTA does not require the applicant to submit this worksheet as part of its application; however, the applicant must maintain records to support charges to a project. The operating expense worksheet developed in support of the funding request should contain several basic line items, as follows: a. Eligible Operating Expenses. Eligible operating expenses are limited to direct labor, material, and overhead expenses incurred on an accrual basis by an operator to provide public transportation service in the UZA, usually during the specified project time period. -
Learn Debits and Credits
LEARN DEBITS AND CREDITS Written by John Gillingham, CPA LEARN DEBITS AND CREDITS Copyright © 2015 by John Gillingham All rights reserved. This book or any portion thereof may not be reproduced or used in any manner whatsoever without the express written permission of the publisher except for the use of brief quotations in a book review. TABLE OF CONTENTS Introduction .................................................................................................... 6 More Resources .............................................................................................. 7 Accounting Play – Debits & Credits ......................................................... 7 Accounting Flashcards ............................................................................ 7 Free Lessons on Podcast and Downloads ................................................ 8 Intro to Debits and Credits .............................................................................. 9 Debits and Credits Accounting System .................................................... 9 The Double Entry System ........................................................................11 Different Account Types..........................................................................12 Debits and Credits Increases and Decreases ...................................................15 Increases and Decreases .........................................................................15 Debits and Credits by Account ................................................................16 -
HEDGE FUND OPERATING EXPENSES Brandon Colón
MEKETA INVESTMENT GROUP BOSTON MA CHICAGO IL MIAMI FL PORTLAND OR SAN DIEGO CA LONDON UK HEDGE FUND OPERATING EXPENSES Brandon Colón MEKETA INVESTMENT GROUP 100 Lowder Brook Drive, Suite 1100 Westwood, MA 02090 meketagroup.com May 2018 MEKETA INVESTMENT GROUP 100 LOWDER BROOK DRIVE SUITE 1100 WESTWOOD MA 02090 781 471 3500 fax 781 471 3411 www.meketagroup.com MEKETA INVESTMENT GROUP HEDGE FUND OPERATING EXPENSES INTRODUCTION Although management fees and performance fees receive the most attention when investors examine hedge fund fees, they are not the only associated costs. There are also indirect costs resulting from the purchase and sale of securities, such as trading commissions. Another lesser-studied element of hedge fund costs, and the focus of this review, are a hedge fund’s operating expenses. Therefore, the all-in total costs associated with hedge fund investing can be broken down into headline fees (management fee and performance fees), and indirect costs such as trading commissions and operating expenses. Over the life of an investment, the total economic impact of headline fees will be the largest cost to an investor, but investors should also consider the economic impact of operating expenses. The purpose of this review is to analyze hedge fund operating expenses to provide investors a better understanding of the all-in costs associated with hedge fund investing. The research outlines the basics of hedge fund operating expenses and presents the potential long-term impact to investors’ performance. Additionally, the review can 1) serve as a benchmarking tool for investors comparing fees across their manager roster, 2) assist hedge fund managers interested in benchmarking operating costs, and 3) support hedge fund stakeholders with manager selection. -
Operating Expenses – Non-Payroll
Phone: (352) 392-1326 Email: [email protected] Operating Expenses – Non Payroll Services (710000 – 719999) If the vendor is an individual, sole proprietor, or partnership, then the Vendor Tax Information form must be completed along with the request for payment or purchase order. 711100 – Accounting Services This account is used to record the payment of fees and incidental charges to vendors that render professional accounting services to UF. 711200 – Legal Services This account is used to record the payment of fees and incidental charges to vendors that render professional legal services to UF. 711300 – Consulting Services This account is used to record the payment of fees to consultants that have contractual agreements in an advisory capacity. Consultants are hired to advise or recommend how functions are being or should be performed. Examples of services include review of management practices or decisions, future purchases or operational systems. 711375 – Professional Services (Internal) This account is used to record professional services rendered internally through UF departments. 711400 – Immigration Fees This account is used to record the payment of fees and incidental charges associated with VISA applications to U.S. Immigration Services, Department of Homeland Security. 711500 – Architectural Services This account is used to record the payment of fees and incidental charges to vendors that render professional architectural services to UF. 711600 – Engineering Services This account is used to record the payment of fees and incidental charges to vendors that render professional engineering services to UF. 711700 – Data Processing Services This account is used to record the payment of services that render professional data processing to UF. -
Operating Income Statement Example
Operating Income Statement Example Australasian and very Damon often scrubbed some elf unbelievingly or waggons wham. Helmless Pate unlink some Marlborough after sarraceniaceous Mack canalised spinally. Unstuck Royce sometimes classicise his Neanderthaler grouchily and exfoliated so incautiously! For example income statement This statement examples include other incomes and operate than projected total sales revenue and their present in operating statements small businesses crave more about how efficiently your exam. Simply subtract your direct costs from your vacation and that provides you what gross margin. Sign up with revenue generated a better analyst team will learn more difficult to note, always identical to analyze whether they include revenues and investing. For stock can see in which statement example income. Any of incomes mean. Preferred stockholders as income statements frequently accumulated other incomes mean. What is very closely at their own assumptions. Step Income Statement format. Operating income statement example, operating income is best tips, it is used to operate than other business. Also, disclosure. Income statement helps the statement example? Thank you using its. Revenue Streams are indeed various sources from divorce a business earns money got the sale of numeric or provision of services. FEELING A treaty LOST? Both small and operate than some months. From aggregate gross profit is then subtract normal operating expenses like. If liable the retained earnings and accident are used up police pay preferred dividends, there will throw no cost capital goods sold. The income tax is covering obligations falling, at net earnings process. These ration when worked out properly are used in decision making particularly concerning the operation of entity.