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ASSET STANDARD INITIAL SUBSEQUENT Included in Financial POSITION

MEASUREMENT MEASUREMENT PROFIT OR LOSS presentation


Cash & Cash - Face Amount Face Amount ** Cash and Cash
Equivalents Equivalent
(current)
Receivables - FV + transaction costs Recoverable historical ** Trade and Other
cost or Net Realizable Receivables
Value (current)

Present Value Amortized cost


Inventories IAS 2 Cost Lower of Cost or NRV ** Inventories
(current)
Biological Asset IAS 41 FV less Cost to Sell or FV less Cost to Sell Gains/Losses Biological Assets
Cost (if no FV) (non-current)

If FV cannot be
measured: Cost less AD
less AIL (IAS 2, 16, 36)
Agriculture Produce IAS 41 FV less Cost to Sell Lower of Cost or NRV Gains/Losses Part of the line
(at the point of (IAS 2- after point of item Biological
harvest) harvest) Assets
UNCONDITIONAL IAS 41 FV less Cost to Sell FV less Cost to Sell If it becomes receivable -
Government Grant
CONDITIONAL IAS 41 FV less Cost to Sell FV less Cost to Sell If conditions are met -
Government Grant
Using straight-line method
But a portion of the
grant is retained
according to the time
has elapsed
PPE IAS 16 Cost Cost Model / w/ related expense from Property, Plant and
Revaluation Model incidental operations, or Equipment
(deferred: cash price compensation for impairment (non-current)
equivalent) becomes receivable
Mineral Resources IFRS 6 Cost Cost Model / excess Wasting Assets
(exploration and Revaluation Model (non-current)
evaluation)
Government Grants IAS 20 *Hierarchy applies matching concept, or Deferred Income
compensation for expenses or (Liability)
losses become receivable
Or deducting the
grant in arriving
the CA of asset
Borrowing Costs IAS 23 Cost - ** Provided by other
standards applied
Investment Property IAS 40 Cost Cost Model / Fair Value IP @ FV with changes in FV Investment
Model Property
Decrease in CA (but to the (non-current)
extent an amount is included in
revaluation surplus, the
decrease is recognized in OCI
and reduces RS) / Increase in CA
(to the extent of precious
impairment loss)

Difference between FV &


previous CA of self-constructed
property

Compensation for impairment


from third party becomes
receivable
Intangible Assets IAS 38 Cost Cost Model / Difference between net disposal Intangible Assets
Revaluation Model proceeds & CA of IA (non-current)
Investments IFRS 9 Amortized Cost or Fair Amortized cost or Fair Unrealized gain/loss under Investments
Value (plus transaction Value FAFVPL (normally non-
costs**) Gain on sale current)
Investment in IAS 28 Cost Equity Method ** Investment in
Associates Associates
(non-current)

(Name of the Company)


Statement of Financial Position
(Date)
Current Assets:
Cash and Cash Equivalents
Trade and Other Receivables
Inventories
Investments-FAFVPL **
Investments- FAFVOCI/FAAC (Current Portion)**
Other Current Assets
TOTAL CURRENT ASSETS

Non-Current Assets:
Property, Plant and Equipment
Intangible Assets
Wasting Assets
Goodwill
Investment Properties
Biological Assets
Investments
Receivables (non-current portion)
Other Non-Current Assets
TOTAL NON-CURRENT ASSETS

TOTAL ASSETS
NOTES TO THE FINANCIAL STATEMENTS:
Note 1. Cash and Cash Equivalents
The breakdown of the ____ is as follows (with amount)

The ___ is measured at ____ according to (standard)

NOTE!!!

1. NO shortcuts in Financial Statements


2. Classify note number beside the line item in statement of financial position
a. Cash and Cash Equivalent (Note 1)