asset retirement obligation ifrs 16msci world ticker

January 10, 2019 - IFRS 16 and IAS 16: Accounting for Asset Retirement Obligations; October 16, 2018 - IFRS 16 and IAS 16: Accounting for Asset Retirement Obligations; May 30, 2017 - IFRS 9, IFRS 15 and IAS 16: Seller’s Right to Variable Consideration in an Asset Sale; November 29, 2016 - IAS 16… Each word should be on a separate line. Financial Reporting Developments - Asset retirement obligations. Earlier application is permitted.The amendments are effective for annual periods beginning on or after January 1, 2016. This site uses cookies to provide you with a more responsive and personalised service. Extracts from International Financial Reporting Standards and other International Accounting Standards Board material are reproduced with the permission of the IFRS Foundation. By using this site you agree to our use of cookies. The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. The accounting for these obligations is covered under FASB ASC 410, or Accounting Standards Codification Statement No. hyphenated at the specified hyphenation points. See Legal for more information. Please read our cookie notice (The AcSB expects to complete its endorsement process to incorporate the amendments into Canadian GAAP in Q3 2020 Please see Consider an oil-drilling company that acquires a 40-year lease on a parcel of land. 19 Dec 2018 PDF. DTTL (also referred to as "Deloitte Global") and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") and each of its member firms are legally separate and independent entities.

Instead, a company will recognize such sales proceeds and related cost in profit or loss.Effective for annual periods beginning on or after January 1, 2022. The AcSB expects to complete its endorsement process to incorporate the amendments into Canadian GAAP in Q3 2020 Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited ("DTTL"), its global network of member firms and their related entities. Five years into … First effective as Canadian GAAP under Part I for interim and annual financial statements relating to fiscal years beginning on or after January 1, 2011 except for subsequent amendments. The standard provides a single lessee accounting model, requiring the recognition of assets and liabilities for all leases, unless the lease term is 12 months or less or the underlying asset has a low value.

An asset retirement obligation (ARO) initially should be measured at fair value and should be recognized at the time the obligation is incurred (provided that a reasonable estimate of fair value can be made). Ear­lier ap­pli­ca­tion is per­mit­ted, if IFRS 15, IFRS 16 specifies how to recognize, measure, present and disclose leases.
IFRS 16 specifies how to recognize, measure, present and disclose leases. The amendment to IFRS 16 only regards an illustrative example, so no effective date is stated.Effective for annual reporting periods beginning on or after June 1, 2020. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox. Early application is permitted. © 2020. These words serve as exceptions. See Legal for more information. Each word should be on a separate line. Provisions, Contingent Liabilities and Contingent Assets IAS 37 Provisions, Contingent Liabilities and Contingent Assets IAS 37 Definitions A legal obligation is an obligation that derives from: a contract, legislation, or other operation of law A constructive obligation is an obligation that derives from an entity's actions where: by an established… © 2020. hyphenated at the specified hyphenation points. Earlier application is permitted.Paragraph 8 has been amended to clarify the classification requirement for servicing equipment.The amendment is effective for annual periods beginning on or after January 1, 2013. Please read our cookie notice (IAS 16, IAS 38 and IAS 17 — Purchase of a right to use landIAS 16 — Disclosure of idle assets and construction in progress DTTL does not provide services to clients. IAS 37 – asset retirement obligations. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox. Effective for interim and annual financial statements relating to fiscal years beginning on or after January 1, 2011. Earlier application is permitted.The amendments prohibit a company from deducting from the cost of property, plant and equipment amounts received from selling items produced while the company is preparing the asset for its intended use. By using this site you agree to our use of cookies. The standard provides a single lessee accounting model, requiring the recognition of assets and liabilities for all leases, unless the lease term is 12 months or less or the underlying asset has a low value.

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