阶段网课sbr旧课选看part accounting standards新316配套讲义intro a1a4a2non current asset

1Tangibleitemsareheldbyanentityforuseintheproductionorsupplyofgoodsorservices,forrentaltoothers,orforadministrativepurposes;andareexpectedtobeusedduringmorethanone2ProbablethatfutureeconomicbenefitswillflowtoCostcanbemeasured3MeasurementatPurchaseEmployeebenefitSiteInitialdelivery&handlingInstallation&assemblyProfessionalCostsofSiterestorationprovision(IASCapitalisedforqualifyingassets(IASCost=normallyFVofassetgivenIAS16Property, ntandEquipmentrequiresanassettobemeasuredatcostonitsoriginalrecognitioninthefinancialstatements.EWuseditsownstaff,assistedbycontractorswhenrequired,toconstructanewwarehouseforitsownuse.IdentifywhetherthecostslistedbelowshouldbecapitalisedorClearanceofthesitepriortoworkProfessionalsurveyors'feesformanagingconstructionEW'sownstaffwagesfortimespentworkingonAnallocationofEW'sadministrationcosts,basedEWstafftimeWhichTWOofthefollowingitemsshouldbecapitalisedtheinitialcarryingamountofanitem Costoftransporting nttotheCostofinstallinganewpowersupplyrequiredtooperatetheCostofathree-yearmaintenanceCostofathree-weektrainingcourseforstafftooperate4MeasurementafterCostCostlessaccumulateddepreciation/impairmentCostRevaluedamountlesssubsequentaccumulatedimpairmentRevaluationSufficientregularitythatcarryingamountdoesdiffermateriallyfromFVatendofreportingRevalueentireIfarevaluationincreasesthevalueofanasset,theincreaseispresentedasothercomprehensivee(anddisclosedasanitemthatwillnotberecycledtoprofitorlossinsubsequentperiods)andheldinarevaluationsurpluswithinothercomponentsofequityIfarevaluationdecreasesthevalueoftheasset,thedecreaseshouldberecognisedimmedia yinprofitorloss,unlessthereisarevaluationreserverepresentingasurplusonthesameasset.(2018/09)Illustration-P22014/06On1May2012,Marchantpurchasedanitemofproperty, ntandequipmentfor$12millionandthisisbeingdepreciatedusingthestraightlinebasisover10yearswithazeroresidualvalue.At30April2013,theassetwasrevaluedto$13millionbutat30April2014,thevalueoftheassethadfallento$7million.Marchantusestherevaluationmodeltovalueitsnon-currentassets.AllPPEwithafiniteusefullifemustbedepreciatednormallyhasunlimitedlife–notDepreciationshouldbechargedoneachsignificantpartofanitemofPPEseparay.Partswhichhavethesameusefullifecanbegroupedtogether.Depreciationbeginswhentheassetisavailableforusecontinuesuntiltheassetisderecognised,evenifitisThedepreciationmethod,residualvalueandtheusefullifeofanassetshouldbereviewedannuallyandrevisedifnecessary.AnyadjustmentsareaccountedforasachangeinaccountingIllustration-P22011/06(e)Rosepurchased ntfor$20millionon1May20X4withanestimatedusefullifeofsixyears.Itsestimatedresidualvalueatthatdatewas$1.4million.At1May20X7,theestimatedresidualvaluechangedto$2.6million.RepairsandThecostsofservicingandrepairingPPEcannotbecapitalised.ThesecostsareexpensedtothestatementofprofitorlossSomepartsofanassetmayrequireregularre cement(e.g.theseatsinanaircraft.There cementpartsshouldbeSomeassets,suchasaircrafts,canonlybeoperatedifregularinspectionsforfaultsarecarriedout.Thecostoftheseinspectionscanbecapitalised.(2018/12)Ex2018/12Q3bAt30November20X6,thedirectorsofFillestimatethatapieceofminingequipmentneedstobereconditionedeverytwoyears.Theyestimatethatthesecostswillamountto$2millionforpartsand$1millionforthelabourcostoftheirownemployees.Thedirectorsareproposingtocreateaprovisionforthenextreconditioningwhichisdueintwoyears’timein20X8,alongwithessentialmaintenancecosts.ThereisnolegalobligationtomaintaintheminingThedirectorsofFillrequireadviceonhowtotreatthereconditioningcosts(4marks)IAS16Property, ntandEquipmentrequiresanentitytorecogniseinthecarryingamountofPPE,thecostofre cingpartofsuchanitem.Wheneachmajorinspectionisperformed,itscostisrecognisedinthecarryingamountoftheitemofPPEasare cementiftherecognitioncriteriaaresatisfied.Thecostsofperformingamajorreconditioningarecapitalisedifitgivesaccesstofutureeconomicbenefits.Suchcostswillincludethelabourandmaterialscosts($3million)ofperformingthereconditioning.Thecostofthereconditioningshouldbeidentifiedasaseparatecomponentofthemineassetatinitialrecognitionanddepreciatedoveraperiodoftwoyears.However,costswhichdonotrelatetothere cementofcomponentsortheinstallationofnewassets,suchasroutinemaintenancecosts,shouldbeexpensedasincurred.Itisnotacceptabletoaccruethecostsofreconditioningequipmentasthereisnolegalorconstructiveobligationtoundertakethereconditioning.5IAS16saysthatanassetshouldbederecognisedwhendisposaloccurs,orifnofurthereconomicbenefitsareexpectedfromtheasset'suseordisposalThegainorlossonderecognitionofanassetisthedifferencebetweenthenetdisposalproceeds,ifany,andthecarryingamountoftheitemFinancialposition资产负债表观FinancialpositioneIncreasesineconomicbenefitsduringtheaccountingperiodintheformofinflowsorenhancementsofassetsordecreasesofliabilitiesthatresultinincreasesinequity,otherthanthoserelatingtocontributionsfromequityDecreasesineconomicbenefitsduringtheaccountingperiodintheformofoutflowsordepletionsofassetsorincreasesofliabilitiesthatresultindecreasesinequity,otherthanthoserelatingtodistributionstoequityExEx资产置Jocatthadexchangedsurpluslandwithacarryingvalueof$10millionforcashof$15millionand ntvaluedat$4million.Thetransactionhascommercialsubstance.复式记e-e-revenueandBothrevenueandgainsareincludedinthedefinitionofe.Revenuearisesinthecourseofordinaryactivitiesofanentity.Gains.Increasesineconomicbenefits.Assuchtheyarenodifferentinnaturefromrevenue.收入与日常活动有关，利得与收入是经济利益总流入，利得Ex存 来提供有用useful信息的一门语2018/09Discusswhethertheproceedsofthesaleofthedevelopmentprojectaboveshouldbetreatedasrevenueinthefinancialstatementsfortheyearended31August20X8.(4marks)GainsarisingfromderecognitionofanintangibleassetcannotbepresentedasrevenueasIAS38explicitlyforbidsit.ThereisnoindicationthatSkizer’sbusinessmodelistoselldevelopmentprojectsbut,rather,itundertakesthedevelopmentofnewproductsinconjunctionwiththirdpartyentities.Skizer’sbusinessmodelistojointlydevelopaproduct,thenleavetheproductiontopartners.AsSkizerhasrecognisedanintangibleassetinaccordancewithIAS38,andfullyimpairedtheasset,itcannotarguethatithasthereafterbeenheldforsaleintheordinarycourseofbusiness.Therefore,accordingtoIAS38,thegainfromthederecognitionoftheintangibleassetcannotbeclassifiedasrevenueunderIFRS15RevenuefromContractswithCustomersbutasaprofitonthesaleoftheintangibleasset.留一点5-10行空白记笔P/LandXYZGROUP–STATEMENTOFPROFITORLOSSAND FORTHEYEARENDED31DECEMBER20X2XXXCostofGrossXXOtherXXOtherFinanceProfitbeforeXXetaxPROFITFORTHEXXOthercomprehensiveXGains/(losses)onInvestmentsinequityXetaxrelatingtoitemsofothercomprehensiveOthercomprehensiveefortheyear,netofXX EFORTHEXX

IAS1requiresthatOCIisclassifiedintotwogroupsasitemsthatmightbereclassifiedtoprofitorlossinsubsequentaccountingforeignexchangegainsandlossesarisingontranslationofaforeignoperation(IASeffectivepartsofcashflowhedgingarrangements(IFRSRemeasurementofinvestmentsindebtinstrumentsthatareclassifiedasfairvaluethrough(IFRSitemsthatwillnotbereclassifiedtoprofitorlossinsubsequentaccountingchangesinrevaluationsurplus(IAS16&IASremeasurementcomponentsondefined ns(IASremeasurementofinvestmentsinequityinstrumentsthatareclassifiedasfairvaluethroughOCI(IFRS9)–减：营业成税金及附销售费用其他收二、营业利润（亏损以“-”号填列加：营业外收减：营业外支三、利润总额（亏损总额以“-”号填列减：所得税费四、净利润（净亏损以“-”号填列五、其他综合收Othercomprehensive六、综合收益总

股资本公其他综合收

OthercomponentofequityRetainedearningsIAS40InvestmentPropertyrelatesto'property(landorbuildings)held(bytheownerorbythelesseeasaright-of-useasset)toearnrentalsorforcapitalappreciationorboth(IAS40,para5)ExamplesofinvestmentpropertylandheldforcapitallandheldforundecidedfuturebuildingsleasedoutunderanoperatingvacantbuildingsheldtobeleasedoutunderThefollowingarenotinvestmentpropertyheldforuseintheproductionorsupplyofgoodsservicesorforadministrativepurposes(IASpropertyheldforsaleintheordinarycourseofbusinessorintheprocessofconstructionofdevelopmentforsuchsale(IAS2Inventoriesapplies)propertybeingconstructedordevelopedonbehalfofthirdparties(IFRS15RevenuefromContractswithCustomersPropertyleasedtoanotherentityunderafinancelease(IFRSLeasesapplies)Illustration-P22009/12Y/E30NovemberGrangeacquiredaplotoflandon1December20X8inanareawherethelandisexpectedtorisesignificantlyinvalueif nsforregenerationgoaheadinthearea.Thelandiscurrentlyheldatcostof$6millionin ntandequipmentGrangedecideswhatshouldbedonewiththeThemarketvalueofthelandat30November20X9was$8millionbutasat15December20X9,thishadreducedto$7millionastherewassomeuncertaintysurroundingtheviabilityoftheregeneration 2Investmentpropertyisrecognisedwhenitisprobablethatfutureeconomicbenefitswillflowtotheentityandthecostcanbemeasuredreliably.3MeasurementatCost,includingdirectlyattributableexpenditureandtransaction4MeasurementafterCostIfthecostmodelischosen,investmentpropertiesCostheldatcostlessaccumulatedFairvalueUnderthefairvaluemodel,theentityremeasuresitsinvestmentpropertiestofairvalueeachyear.Nodepreciationischarged.AllgainsandlossesonrevaluationarereportedinthestatementofprofitFairvalue5Transferstoorfrominvestmentpropertycanonlybemadeifthereisachangeofuse.Thereareseveralpossiblesituationsinwhichthismightoccurandtheaccountingtreatmentforeachissetoutbelow: Usethe subsequentaccountingunder NormalaccountingunderIAS16(costlessdepreciation)willhavebeenapplieduptothedateofthechange.Onadoptingfairvalue,thereisnormallyanincreaseinvalue.ThisisrecognisedasothercomprehensiveeandaccordancewithIAS16.Ifthefairvaluationcausesadecreaseinvalue,thenitshouldbechargedtopertytobecarriedatfairvalueEx-AAA2019/12Q2iiLifesonCoownsabuildingwhichithasusedasawarehousetostoreinventory.On1April20X4thebuilding,whichhadnotsufferedanyhistoricimpairments,hadacarryingamountbasedondepreciatedhistoriccostof$323,000andafairvalueof$348,000.Onthisdate,LifesonCovacatedthebuildingandmovedtheinventorytonewlargerpremises.Managementdecidedtokeepthebuildinginordertorentitoutasastoragefacilitytolocalbusinessesandtobenefitfromanyincreasesinpropertyvaluations.On31March20X5,thebuildinghadnotbeenletandithadafairvalue,accordingtoanexternalvaluer,of$353,000.Thedraftfinancialstatementsforthecurrentyearrecognisethebuildingasaninvestmentpropertyatacarryingamountof$353,000andincludeafairvaluegainof$30,000inprofitbeforetaxfortheyear.Sincereclassificationasaninvestmentproperty,depreciationhasnotbeenchargedinrelationtothebuilding.(6marks)ClassificationasinvestmentTheauditorshouldconsiderwhethertherequirementsofIAS40InvestmentPropertyhavebeensatisfiedandconfirmifthewarehouseheldbyLifesonCoisactuallyaninvestmentproperty.IAS40definesaninvestmentpropertyaslandand/orbuildingsheldtoearnrentalsorforcapitalappreciation,orboth.LifesonCo’swarehousehasbeenheldtoearnrentalsandforcapitalappreciationfrom1April20X4andthereforequalifiesasaninvestmentpropertyfromthisdate.Thefactthatthepropertyhasnotyetbeenletbythereportingdatedoesnotimpactonthisclassification.Theendofowner-occupationofthewarehouseisevidenceofthechangeinusetoaninvestmentproperty.Thewarehouseisrecognisedatfairvalueof$353,000andaccordingtoIAS40,thefairvaluemodelisacceptableprovidedthetreatmentofanyotherinvestmentpropertyheldbyLifesonCoisconsistent.Ontransferofanowner-occupiedpropertyrecognisedatdepreciatedhistoricalcost,whichhasnotbeenpreviouslyimpaired,toinvestmentpropertycarriedatfairvalue,IAS40requiresthatanyresultingincreaseinthecarryingamountshouldberecognisedinothercomprehensiveeasarevaluationsurpluswithinequity.Thereafter,anyfurtherincreaseinfairvalueisrecognisedinprofitorlossfortheyear.Inthiscase,LifesonCoshouldrecognisetheinitialincrease$25,000($348,000–$323,000)inothercomprehensiveeratherthaninitsprofitfortheyearandtheadditionalincreaseof$5,000($353,000–$348,000)whicharisesduringthecurrentyearshouldberecognisedinthisyear’sprofitorloss.LifesonCo’srecognitionofthefull$30,000gaininitsprofitbeforetaxforthecurrentyearisIAS38Intangible1Anidentifiablenon-monetaryassetwithoutgoodwillacquiredinabusinesscomputercustomercustomer rRecognitionAnentityshouldrecogniseanintangibleassetifallthecriteriaareTheassetisTheassetiscontrolledbytheTheassetwillgeneratefutureeconomicbenefitsfortheThecostoftheassetcanbemeasuredAnintangibleassetisidentifiableItisseparable(capableofbeingseparatedandsold,transferredlicensed,rented,orexchanged,eitherindividuallyoraspartofapackage),orItarisesfromcontractualorotherlegalrights,regardlessofwhetherthoserightsaretransferableorseparablefromtheentityorfromotherrightsandobligations(IAS38,para12)MeasurementatWhenanintangibleassetisinitiallyrecognised,itismeasuredatcost.MeasurementafterCostCostlessaccumulatedamortisation/impairmentRevaluationToFVonlyifactivemarket(IFRS13):'transactionsfortheassettake cewithsufficientfrequencyandvolumetoprovidepricinginformationonanongoingbasis'Noactive costRevaluewholeRevalueregularlysuchthatBVnotmateriallydiffto【2018/09】IAS38requiresanentitytochooseeitherthecostmodelortherevaluationmodelforeachclassofintangibleasset.Underthecostmodel,afterinitialrecognitionintangibleassetsshouldbecarriedatcostlessaccumulatedamortisationandimpairmentlosses.Undertherevaluationmodel,intangibleassetsmaybecarriedatarevaluedamount,basedonfairvalue,lessanysubsequentamortisationandimpairmentlossesonlyiffairvaluecanbedeterminedbyreferencetoanactivemarket.Suchactivemarketsarenotcommonforintangibleassets.Ifanintangibleassetisreportedusingthecostmodel,thefiguresforintangibleassetssuchastrademarksmaybeunderstatedwhencomparedtotheirfairvalues.【MJ：SBR的偏FiniteusefulAmortiseonsystematicbasisoverusefulBeginswhenavailableforResidualvaluenormallyassumed=ReviewusefullifeandmethodatleasteachfinancialIndefiniteIndefiniteusefulReviewindefiniteusefullifeassessmenteachImpairmenttestsatleastResearchanddevelopmenntInternallyInternallyResearchPhaseRecogniseasexpensewhen

CapitaliseandamortiseiffollowingareProbablefutureeconomicIntentiontocompleteandResourcesadequatetocompleteandAbilitytoExpenditurecanbemeasured【2018/09】IAS38requiresallresearchcoststoexpensedwithdevelopmentcostsbeingcapitalisedafterthetechnicalandcommercialfeasibilityoftheassetsaleorusehasbeenIfanentitycannotdistinguishtheresearchphaseofaninternalprojecttocreateanintangibleassetfromthedevelopmentphase,theentitytreatstheexpenditureforthatprojectasifitwereincurredintheresearchphaseonly.2020/12Q3改编节CorbelCotradesintheperfumesector.Ithasrecentlyacquiredforitsbrand'Jengi'andpurchasedtwoadditionalbrandnames.Thecurrentfinancialyearendis31December20X7.AcquisitionofJengiOn1January20X7,CorbelCoacquired100%ofJengiCo.Bothcompaniesoperateintheperfumesector.CorbelCointendstomergethemanufactureofJengiCo'sproductsintoitsownfacilitiesandcloseJengiCo'smanufacturingunit.JengiCo'sbrandnameiswellknowninthesector,retailingatpremiumprices,andtherefore,CorbelCowillcontinuetosellproductsundertheJengibrandnameafteritsregistrationhasbeentransferredanditsmanufacturingunitshavebeenintegrated.Describethemainchallengesinrecognisingandmeasuringintangibleassets,suchasbrands,inthestatementoffinancialposition.(5marks)(i)whethertheJengiCobrandnamewillbeaccounted yfromgoodwillonacquisition(2Therearemanychallengesinrecognisingandmeasuringintangibleassetssuchasbrandsinthestatementoffinancialposition.Manyintangibleassetsarenotfrequentlytradedonastand-alonebasisandthereforeveryoftenthereisnoactivemarketforthemwhichmakesarrivingatavaluationmoredifficult.Additionally,manyintangibleassetsareuniqueandthereforeitisnoteasytoidentifyandassesstheirvalue.Valuationmethodsareoftencomplexandsubjectiveandthemeasurementismoresubjectivewhentheintangibleassetsarenotbasedonlegallyen ablerights.Finally,determiningtheusefullifeofintangibleassetscanbeGenerally,thereasonfortheomissionfromthefinancialstatementsofintangibleassetshasbeenduetoaperceivedlackofalinkbetweentheircostsandestimatingfuturerevenue.Inaddition,thedifficultiesinascertainingcostorvaluationfiguresforintangiblesandafocusonreliabilityoverrelevancewhendisclosingassetinformationhavemeantthatinternallygeneratedintangibleshavenotusuallybeenrecognised.However,theimportanceofintangiblesisreflectedintheincreasingproportionofa 'smarketvaluebeingattributabletotheexistenceofintangibles.RecognitionofanassetisprohibitedunderaspecificstandardEntityFisinthebeveragebusiness.Itsbrandisknownthroughouttheworld.brandcanbesoldandhasamarketManagementshouldnotrecognisethebrandasanasset,althoughitmeetsthedefinitionofone.Managementisprohibitedfromrecognisinginternallygeneratedbrands,mastheads,publishingtitles,customerlistsanditemssimilarinsubstance.TherecognitioncriteriaforintangibleassetsaremorenarrowlydefinedbyIAS38,limitingrecognitiontoassetsforwhichcostcanbemeasuredreliably,ratherthancostorvalue.Thecostcannotbedistinguishedfromthecostofdevelo thebusinessasawhole.Suchitemsarenotrecognisedasintangibleassets,asthecostcannotbereliablyWheresimilarassetsareacquiredfromathirdparty,theconsiderationgiventoacquirethoseassetsisdistinguishablefromthegeneralcostsofdevelo thebusinessasawholeandwould,therefore,berecognised,providedtheyalsomeetthecriteriaofcontrolandtheprobableflowoffutureeconomicbenefits.Answerb)TheJengibrandwillgeneratefutureeconomicbenefitsbyincreasingsalesvolumesandbythepotentialofpremiumprices.Controloverthesepotentialfuturebenefitsisachievedbytheregistrationofthebrand.Theregistrationalsosatisfiestherequirementtoidentifytheintangibleasset yfromgoodwillandestimateitsfairvalue.2020/12Q32020/12Q3AcquisitionofperfumeInadditiontonowowningtheJengiCobrand,CorbelCohasacquiredtwootherperfumebrandnamestopreventrivalcompaniesacquiringthem.Thefirstperfume(Locust)hasbeensoldsuccessfullyformanyyearsandhasanestablishedmarket.Thesecondisanewperfumewhichhasbeennamedafterafamousactor(Clara)whointendstopromotetheproduct.ThedirectorsofCorbelCobelievethatthetwoAcquisitionofperfumehowtoaccountforintangibleassetswithanindefinitelifeandwhethertheLocustandClaraperfumebrandnamescanberegardedashavinganindefinitelife;(6marks)Intangibleassetshaveanindefiniteusefullifewhenthereisnoforeseeablelimittotheperiodoverwhich,basedonanysisofallrelevantfactors,theassetisexpectedtogeneratenetcashinflowsfortheentity(IAS38IntangibleAssets).Anintangibleassetwithanindefiniteusefullifeshouldnotbeamortised.IAS36ImpairmentofAssets,requiresanentitytotestanintangibleassetwithanindefiniteusefullifeforimpairmentbycomparingitsrecoverableamountwithitscarryingamount:(a)annually,and(b)wheneverthereisanindicationthattheintangibleassetmaybeimpaired.Theusefullifeofanintangibleassetthatisnotbeingamortisedshouldbereviewedeachperiodtodeterminewhethereventsandcircumstancescontinuetosupportanindefiniteusefullifeassessmentforthatasset.Iftheydonot,thechangeintheusefullifeassessmentfromindefinitetofiniteshouldbeaccountedforasachangeinanaccountingestimateinaccordancewithIAS8AccountPolicies,ChangesinEstimatesandErrors.CorbelCoshouldconsidervariousfactorstodeterminewhetherthebrandnamescanbeconsideredtohaveausefullife.ThesewillincludetheextenttowhichCorbelCoispreparedtosupportthebrandandtheextenttowhichthebrandhaslong-termpotentialandhashadprovensuccess.Perfumeisoftensubjecttomarketandfashiontrendsandtherefore,anassessmentofhowresistantthebrandsaretochangeshouldbemade.AlsoCorbelCohaspurchasedthebrandsasadefensivemeasuretopreventrivalcompaniesacquiringthem.Therefore,theremaybeadoubtastothesupportthatCorbelComaybepreparedtogivetothebrands.TheLocustperfumehasbeensoldsuccessfullyinthemarketformanyyearsandcouldbedeemedtohaveanindefinitelife.TheClaraperfumeislinkedtothepopularityoftheactorandtherefore,itisdifficulttoassesswhetherthebrandhasanindefinitelifeasitislikelytobedependentuponthelongevityofthepopularityoftheactor.InthecaseoftheClaraperfume,itisdifficulttostatethatthebrandwillhaveanindefinitelife.ThusClaraislikelytohaveafinitelife.2020/03Q3bLeriaCohasitsownsubscription-based evisionstation.Asaresult,ithasmaterialintangibleassetswhichrelatetothecontentrightsassociatedwith evisionprogrammes.Thebudgetedcostsofproductionarebasedontheestimatedfuturerevenuesforthe evisionprogramme.Thesecostsofproductionarethencapitalisedasanintangibleassetandcalled'contentsThedirectorsofLeriaCobelievethatthe lectualpropertyintherightsisconsumedascustomersviewthe evisionprogrammes.Consequently,LeriaCocurrentlyamortisesthecontentrightsbaseduponestimatedfuturerevenuesfromthe evisionprogramme.Forexample,if evisionprogrammeisexpectedtogenerate$8millionofrevenueintotaland$4millionofthatrevenueisgeneratedinyear1,thentheintangibleassetwillbeamortisedby50%inyear1.However,theindustrypracticeistoamortisethecapitalisedcostoftheprogramme,lessitsrecoverableamount,overitsremainingusefullife.Discuss:whethertheamortisationoftheintangibleassetsrelating evisionprogrammecontentrightsbyLeriaCoandbytheindustryareacceptablepoliciesinaccordancewithIFRS (5marks)LeriaCo's tobasetheamortisationoftheintangibleassetforcontentrightsrevenuestemmingfromtherightsseemsreasonableandHowever,IAS38IntangibleAssetssetsoutarebuttablepresumptionthatamortisationbasedonrevenuegeneratedbyanactivitywhichincludestheuseofanintangibleassetisnotappropriate.Thispresumptioncanbeewhenitcanbedemonstratedthatrevenueandtheconsumptionoftheeconomicbenefitsoftheintangibleassetarehighlycorrelated.Thein lectualpropertyembodiedinthe evisionprogrammeswillgeneratecashflowsthroughthe evisionchannelsubscriptionsandtheestimatedrevenuesfora programmedeterminetheamounttobespentonproducingthe evisionprogramme.Therefore,revenuereflectsa forthepatternofconsumptionofthebenefitsreceived.Revenueandconsumptionoftheeconomicbenefitsoftheintangibleassetseemhighlycorrelatedandthereforearevenue-basedamortisationmethodseemsappropriate.Theindustrypracticemethodisalsoacceptableandconceptuallysoundasitisbasedonan ysisoftheremainingusefullifeoftheprogrammeandtherecoverableamount.SuchanapproachdoesnotcontradictIAS38’sprohibitiononrevenuebasedamortisationbecauseitisnotbasedondirectmatchingofrevenueandamortisation.TheusefullifeofanassetisrequiredtobereassessedinaccordancewithIFRSStandardsatleastateachfinancialyearend.Wherethisresultsinachangeinestimate,thisiswillbeaccountedforprospectivelyfromthedateofreassessment.IAS38alsostatesthatifapatternofamortisationcannotmeasuredreliably,thestraight-linemethodmustbe2020/03Q3biiBackground:LeriaCoisaninternationallysuccessfulfootballyers'contractyers'registrationcontractcostsareshownasintangibleassetsandareinitiallyrecognisedatthefairvalueoftheconsiderationpaidfortheiracquisition.However,subsequently, yers'contractsareoftenre-negotiatedatacost.【MJ：后续计量】 yers'contractsmaycontaincontingentperformanceconditionswhereindividual yersmaybepaidabonusbasedontheirsuccessintermsofgoalsscoredorthesuccessofthefootballteamasawhole.Thesebonusesrepresentadditionalcontractcosts.Discuss:howtoaccountfor yers'contract(includingthecontingentperformance (5Whena yer’scontractissigned,managementshouldmakeanassessmentofthelikelyeofperformanceconditions.Contingentconsiderationwillberecognisedinthe yers’initialregistrationcostsifmanagementbelievestheperformanceconditionswillbemetinlinewiththecontractualterms.Periodicreassessmentsofthecontingentconsiderationshouldbemade.AnycontingentamountswhichthedirectorsofLeriaCobelievewillbepayableshouldbeincludedinthe contractcostsfromthedatemanagementbelievesthattheperformanceconditionswillbemet.Anyadditionalamountsofcontingentconsiderationnotincludedinthecostsof yers’registrationswillbedisclosedsepara asacommitment.Amortisationofthecostsofthecontractwillbebaseduponlengthof yer’sThecostsassociatedwiththerenegotiationofa contractshouldbeaddedtotheresidualbalanceofthe contractcostsatthedateofsigningthecontractextension.TherevisedcarryingamountshouldbeamortisedoverIAS36ImpairmentofIAS36appliestoimpairmentofallassetsotherdeferredtaxemployeebenefitfinancialinvestmentpropertyheldunderthefairvaluebiologicalassetsheldatfairvaluelesscoststonon-currentassetsheldforAssetsmustbecarriedatnomorethantheirrecoverableHigherRecoverableAmountHigherFairvaluelessof

ValueInAnentityhasasingle ntwhichhasacarryingamount$749,000.Anew ernmentelectedinthecountrypasseslegislationsignificantlyrestrictingexportsoftheproductproducedbythe nt.Asaresult,andfortheforeseeablefuture,theentity'sproductionwillbecutby40%.Cashflowforecastshavebeenpreparedderivedfromthemostrecentfinancialbudgets/forecastsforthenextfiveyearsapprovedbymanagement(excludingtheeffectsofgeneralpriceinflation):12345FuturecashIfthe ntwassoldnowitwouldrealise$550,000,netofsellingcosts.Theentityestimatesthepre-taxdiscountratespecifictothe nttobe15%,excludingtheeffectsofgeneralpriceinflation.Calculatetherecoverableamountof ntandanyimpairmentNote.PVfactorsat15%areasPVfactor12345Thefairvaluelesscostsofdisposalofthe ntisbelowitscarryingamountsoitmaybeimpaired.Itisnownecessarytofindthevalueinuseinordertodeterminewhetheranimpairmenthasoccurredandto