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cz_ifrs_kt_15.11.2009.zrevidováno

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cz_ifrs_kt_15.11.2009.zrevidováno Powered By Docstoc
					                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5



   UIC    Number Language                          Term in English

1 CZ      1        CZ          Application guidance
1 EN      1        EN          [Amount] recoverable
2 CZ      2        CZ          Foreign currency translation
2 EN      2        EN          ‘Corridor’



3 CZ      3        CZ          data from observable markets


3 EN      3        EN          ‘Cost of sales’ method
4 CZ      4        CZ          reasonable proxy



4 EN      4        EN          Acceptable under IFRSs




5 CZ      5        CZ          value-at-risk method




5 EN      5        EN          Accountability of management




6 EN      6        EN          Accounting
7 EN      7        EN          Accounting and Reporting by Retirement Benefit
                               Plans
8 EN      8        EN          Accounting estimate
9 EN      9        EN          Accounting for Government Grants and Disclosure of
                               Government Assistance
10 EN     10       EN          accounting for inventories



11 EN     11       EN          Accounting for Investments in Associates

12 EN     12       EN          Accounting income
13 EN     13       EN          Accounting model
14 EN     14       EN          Accounting period
15 EN     15       EN          Accounting Policies, Changes in Accounting
                               Estimates and Errors


C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


16 EN     16       EN          Accounting policy


17 EN     17       EN          Accounting principle
18 EN     18       EN          Accounting profit

19 EN     19       EN          Accounting record
20 EN     20       EN          Accounting treatment
21 EN     21       EN          Accounts receivable
22 EN     22       EN          Accrual basis
23 EN     23       EN          Accrual basis of accounting




24 EN     24       EN          Accrued liabilities
25 EN     25       EN          Accumulated (amortisation, interest, profit or loss)




26 EN     26       EN          Accumulated profit or loss
27 EN     27       EN          Accumulating compensated absences


28 EN     28       EN          Achieve comparability




29 EN     29       EN          acquired entity
30 EN     30       EN          acquired goodwill
31 EN     31       EN          acquired in a business combination

32 EN     32       EN          Acquiree
33 EN     33       EN          Acquirer
34 EN     34       EN          Acquisition




35 EN     35       EN          acquisition date
36 EN     36       EN          Active market




37 EN     37       EN          active use



C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


38 EN     38       EN          actively marketed
39 EN     39       EN          Actuarial assumptions



40 EN     40       EN          Actuarial gains and losses




41 EN     41       EN          Actuarial present value of promised retirement
                               benefits


42 EN     42       EN          Actuarial valuation
43 EN     43       EN          Actuarial valuation method
44 EN     44       EN          Additional comparative information




45 EN     45       EN          Additional consideration
46 EN     46       EN          additional disclosure
47 EN     47       EN          Adjust for consolidation procedures




48 EN     48       EN          Adjusted weighted-average shares
49 EN     49       EN          Adjusting event [after the balance sheet date]
50 EN     50       EN          adjustment
51 EN     51       EN          Administrative expenses
52 EN     52       EN          Admission fees
53 EN     53       EN          Advance
54 EN     54       EN          adverse economic consequences
55 EN     55       EN          adverse event
56 EN     56       EN          After-tax amount




57 EN     57       EN          Agency
58 EN     58       EN          Aggregate
59 EN     59       EN          Aggregation
60 EN     60       EN          Agreement date




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


61 EN     61       EN          Agricultural activity




62 EN     62       EN          Agricultural produce

63 EN     63       EN          Agriculture
64 EN     64       EN          Allocation
65 EN     65       EN          Allowance
66 EN     66       EN          allowance account




67 EN     67       EN          Allowed alternative treatment
68 EN     68       EN          American share option
69 EN     69       EN          Amortisation




70 EN     70       EN          Amortisation method
71 EN     71       EN          Amortisation period
72 EN     72       EN          Amortised cost




73 EN     73       EN          Amortised cost of a financial asset or financial liability




74 EN     74       EN          amount of inventories




75 EN     75       EN          amount payable



C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


76 EN     76       EN          Amount per share


77 EN     77       EN          Amounts recognised [in the balance sheet and
                               income statement]
78 EN     78       EN          Analysis
79 EN     79       EN          Annual leave
80 EN     80       EN          Annual periods


81 EN     81       EN          annuitant
82 EN     82       EN          annuitisation
83 EN     83       EN          annuity
84 EN     84       EN          Antidilution




85 EN     85       EN          Antidilutive



86 EN     86       EN          Appendix
87 EN     87       EN          Application of Requirements
88 EN     88       EN          application supplement
89 EN     89       EN          appraisal
90 EN     90       EN          Arm’s length transaction
91 EN     91       EN          Asking price
92 EN     92       EN          Assess
93 EN     93       EN          Asset


94 EN     94       EN          asset exchange transactions




95 EN     95       EN          Assets acquired




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


96 EN     96       EN          Assets held by a long-term employee benefit fund




97 EN     97       EN          assets retired from active use
98 EN     98       EN          Associate


99 EN     99       EN          Audit report




100 EN    100      EN          Authorise [financial statements for issue]
101 EN    101      EN          Available-for-sale financial assets



102 EN    102      EN          Balance sheet
103 EN    103      EN          Balance sheet date
104 EN    104      EN          Balance sheet liability method
105 EN    105      EN          Bank



106 EN    106      EN          Bank overdraft
107 EN    107      EN          Bankruptcy
108 EN    108      EN          bargain purchase

109 EN    109      EN          Basic earnings per share




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


110 EN    110      EN          basis adjustment




111 EN    111      EN          Basis for Conclusions
112 EN    112      EN          basis point



113 EN    113      EN          Benchmark treatment
114 EN    114      EN          beneficial contracts
115 EN    115      EN          Benefit




116 EN    116      EN          Benefit obligation




117 EN    117      EN          Benefit to users

118 EN    118      EN          Best estimate
119 EN    119      EN          Bias
120 EN    120      EN          Bid bonds
121 EN    121      EN          Bid price
122 EN    122      EN          bid-ask spread




123 EN    123      EN          Binding sale agreement
124 EN    124      EN          binomial
125 EN    125      EN          Biological asset



C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


126 EN    126      EN          Biological transformation


127 EN    127      EN          Black-Scholes-Merton formula
128 EN    128      EN          Board of directors
129 EN    129      EN          Bonus issue

130 EN    130      EN          Bonus plan
131 EN    131      EN          book of contracts
132 EN    132      EN          Book value
133 EN    133      EN          Borrowing costs

134 EN    134      EN          Bottom-up test
135 EN    135      EN          business
136 EN    136      EN          Business combination



137 EN    137      EN          business combination involving entities or businesses
                               under common control

138 EN    138      EN          Business Combinations
139 EN    139      EN          Business Combinations – “Date of Exchange” and
                               Fair Value of Equity Instruments
140 EN    140      EN          Business Combinations - Classification either as
                               Acquisitions or Unitings of Interests
141 EN    141      EN          Business Combinations - Subsequent Adjustment of
                               Fair Values and Goodwill Initially Reported

142 EN    142      EN          Business segment




143 EN    143      EN          Business unit
144 EN    144      EN          Buying segment
145 EN    145      EN          By-product
146 EN    146      EN          Call options
147 EN    147      EN          Callable
148 EN    148      EN          Cap
149 EN    149      EN          cap and trade scheme



150 EN    150      EN          Capital




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


151 EN    151      EN          capital appreciation



152 EN    152      EN          Capital asset pricing model
153 EN    153      EN          Capital contribution
154 EN    154      EN          Capital expenditure

155 EN    155      EN          Capital gain
156 EN    156      EN          Capital maintenance

157 EN    157      EN          Capital maintenance adjustment
158 EN    158      EN          Capitalisation
159 EN    159      EN          Capitalisation of interest
160 EN    160      EN          capped interest rate


161 EN    161      EN          Carried at cost

162 EN    162      EN          Carry forward
163 EN    163      EN          Carrying amount



164 EN    164      EN          Cash




165 EN    165      EN          Cash basis
166 EN    166      EN          Cash equivalents



167 EN    167      EN          Cash flow




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


168 EN    168      EN          cash flow hedge



169 EN    169      EN          Cash flow risk


170 EN    170      EN          Cash flow statement = Statement of cash flows

171 EN    171      EN          Cash Flow Statements
172 EN    172      EN          Cash generating unit



173 EN    173      EN          Cash inflow
174 EN    174      EN          Cash on hand
175 EN    175      EN          Cash outflow
176 EN    176      EN          Cash payments
177 EN    177      EN          cash price equivalent



178 EN    178      EN          Cash proceeds
179 EN    179      EN          cash surrender value
180 EN    180      EN          cash-settled share option
181 EN    181      EN          cash-settled share-based payment transaction

182 EN    182      EN          Catastrophe bond
183 EN    183      EN          catastrophe provisions
184 EN    184      EN          cedant
185 EN    185      EN          Certificates of deposit
186 EN    186      EN          Cessation (of capitalisation)
187 EN    187      EN          Chief executive officer
188 EN    188      EN          Claim
189 EN    189      EN          Class A preference share


190 EN    190      EN          Class of assets

191 EN    191      EN          class of financial asset




192 EN    192      EN          class of property, plant and equipment


193 EN    193      EN          Classification
194 EN    194      EN          Classification of Financial Instruments – Contingent
                               Settlement Provisions




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


195 EN    195      EN          classification of inventory



196 EN    196      EN          clean-up call




197 EN    197      EN          close members of the family of the individual



198 EN    198      EN          Closing market prices




199 EN    199      EN          Closing rate

200 EN    200      EN          collar




201 EN    201      EN          Collateral
202 EN    202      EN          Collateralised (asset, borrowing)
203 EN    203      EN          Collectability
204 EN    204      EN          Collection
205 EN    205      EN          collective marks
206 EN    206      EN          collective power
207 EN    207      EN          combined instrument




208 EN    208      EN          Commencement
209 EN    209      EN          commencement of the lease term


210 EN    210      EN          commercial loans



211 EN    211      EN          commercial paper facilities




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


212 EN    212      EN          commercial substance




213 EN    213      EN          commercially viable quantities of mineral resources




214 EN    214      EN          Commission
215 EN    215      EN          Commitment
216 EN    216      EN          Commodity
217 EN    217      EN          Comparability
218 EN    218      EN          Comparability over time


219 EN    219      EN          Comparable interim period



220 EN    220      EN          Comparative balance sheet


221 EN    221      EN          Comparative information
222 EN    222      EN          Compensated absences
223 EN    223      EN          complementary assets
224 EN    224      EN          Completeness
225 EN    225      EN          compliance period

226 EN    226      EN          Compliance with International Accounting Standards

227 EN    227      EN          Component
228 EN    228      EN          Compound financial instruments
229 EN    229      EN          Compound instrument


230 EN    230      EN          Concentration of (credit etc) risk
231 EN    231      EN          confidence level




232 EN    232      EN          configuration of the cash flows



233 EN    233      EN          Consequential amendment




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


234 EN    234      EN          consideration




235 EN    235      EN          Consistency - Alternative Methods
236 EN    236      EN          Consistency - Capitalisation of Borrowing Costs
237 EN    237      EN          Consistency - Different Cost Formulas for Inventories

238 EN    238      EN          Consolidated and Separate Financial Statements

239 EN    239      EN          Consolidated balance sheet




240 EN    240      EN          Consolidated financial statements

241 EN    241      EN          Consolidated Financial Statements and Accounting
                               for Investments in Subsidiaries
242 EN    242      EN          Consolidated group
243 EN    243      EN          Consolidation
244 EN    244      EN          consolidation adjustments
245 EN    245      EN          Consolidation and Equity Method – Potential Voting
                               Rights and Allocation of Ownership Interests

246 EN    246      EN          Consolidation purposes




247 EN    247      EN          Consolidation—Special Purpose Entities
248 EN    248      EN          Construction contract




249 EN    249      EN          Construction Contracts




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


250 EN    250      EN          Constructive obligation




251 EN    251      EN          Contingency
252 EN    252      EN          Contingent asset




253 EN    253      EN          Contingent liability




254 EN    254      EN          Contingent rent




255 EN    255      EN          contingent settlement provision


256 EN    256      EN          Contingent share agreement


257 EN    257      EN          Contingently issuable shares



258 EN    258      EN          continuing involvement



259 EN    259      EN          Continuing operations




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                         Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


260 EN    260      EN           Contract




261 EN    261      EN           Contracts that may be settled in (ordinary) shares or
                                cash
262 EN    262      EN           Contractual arrangement
263 EN    263      EN           contractual cash flows




264 EN    264      EN           contractual maturity analysis

265 EN    265       EN          contractual obligation
266 EN    266       EN          contractual rights
267 EN    267       EN          Contribution
268 EN          268 EN          contributor


269 EN    269      EN           control


270 EN    270      EN           Control (of an asset)

271 EN    271      EN           Control (of an enterprise)


272 EN    272      EN           Control number



273 EN    273      EN           controlled entity
274 EN    274      EN           convenience translation




275 EN    275      EN           Convergence




276 EN    276      EN           Conversion option
277 EN    277      EN           Convertible bonds




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


278 EN    278      EN          Convertible debt



279 EN    279      EN          Convertible instruments




280 EN    280      EN          Convertible preference share



281 EN    281      EN          co-operative



282 EN    282      EN          Copyright
283 EN    283      EN          core goodwill
284 EN    284      EN          Corporate assets


285 EN    285      EN          Cost



286 EN    286      EN          Cost formula
287 EN    287      EN          Cost method




288 EN    288      EN          cost model



289 EN    289      EN          Cost of an acquisition




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


290 EN    290      EN          Cost of an asset acquired in exchange or part
                               exchange for dissimilar asset


291 EN    291      EN          Cost of an asset acquired in exchange or part
                               exchange for similar asset




292 EN    292      EN          Cost of an investment
293 EN    293      EN          Cost of conversion




294 EN    294      EN          Cost of inventories


295 EN    295      EN          Cost of Inventories of a Service Provider



296 EN    296      EN          Cost of purchase




297 EN    297      EN          Cost plus contract



298 EN    298      EN          Cost plus method

299 EN    299      EN          Cost recovery approach




300 EN    300      EN          Cost-based measurement

301 EN    301      EN          costs of conversion


302 EN    302      EN          Costs of disposal


303 EN    303      EN          Costs of Modifying Existing Software




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


304 EN    304      EN          costs to sell
305 EN    305      EN          counterparty



306 EN    306      EN          country of incorporation or residence




307 EN    307      EN          coupon


308 EN    308      EN          credit derivative default product
309 EN    309      EN          credit enhancements




310 EN    310      EN          credit exposures


311 EN    311      EN          Credit facilities
312 EN    312      EN          credit insurance contract
313 EN    313      EN          credit quality
314 EN    314      EN          Credit risk


315 EN    315      EN          credit spread




316 EN    316      EN          Creditors
317 EN    317      EN          Creditworthiness
318 EN    318      EN          criteria for recognising
319 EN    319      EN          cross-reference




320 EN    320      EN          CTDs




321 EN    321      EN          Cumulative preference dividends
322 EN    322      EN          Cumulative Translation Differences




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


323 EN    323      EN          Currency risk


324 EN    324      EN          Currency translation
325 EN    325      EN          Currency units
326 EN    326      EN          Current asset




327 EN    327      EN          Current cost




328 EN    328      EN          Current cost approach




329 EN    329      EN          Current investment
330 EN    330      EN          Current liabilities



331 EN    331      EN          Current service cost


332 EN    332      EN          Current tax


333 EN    333      EN          Curtailment




334 EN    334      EN          cushions
335 EN    335      EN          customer list
336 EN    336      EN          database
337 EN    337      EN          Date of acquisition


338 EN    338      EN          date of exchange
339 EN    339      EN          Date of transition to IFRS




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


340 EN    340      EN          Dealing securities
341 EN    341      EN          death benefit
342 EN    342      EN          Debt
343 EN    343      EN          Debt instrument
344 EN    344      EN          Debt securities
345 EN    345      EN          Decision tree
346 EN    346      EN          Decision-useful information

347 EN    347      EN          decommissioning




348 EN    348      EN          decommissioning costs




349 EN    349      EN          decommissioning funds




350 EN    350      EN          decommissioning obligations



351 EN    351      EN          decommissioning, restoration and environmental
                               rehabilitation funds




352 EN    352      EN          Deductible temporary difference




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


353 EN    353      EN          Deemed cost




354 EN    354      EN          Defer
355 EN    355      EN          Deferral method
356 EN    356      EN          deferred acquisition costs
357 EN    357      EN          Deferred tax


358 EN    358      EN          Deferred tax assets




359 EN    359      EN          deferred tax income
360 EN    360      EN          Deferred tax liabilities

361 EN    361      EN          Defined benefit liability




362 EN    362      EN          Defined benefit obligation



363 EN    363      EN          Defined benefit obligation (present value of)

364 EN    364      EN          Defined benefit plans

365 EN    365      EN          Defined contribution plans




366 EN    366      EN          Demand deposits
367 EN    367      EN          demand feature
368 EN    368      EN          Demerger




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


369 EN    369      EN          Demonstrably committed




370 EN    370      EN          deposit accounting
371 EN    371      EN          deposit component
372 EN    372      EN          Depreciable amount


373 EN    373      EN          Depreciable assets
374 EN    374      EN          depreciated replacement cost approach




375 EN    375      EN          Depreciation

376 EN    376      EN          Depreciation methods




377 EN    377      EN          Derecognise (a financial instrument)


378 EN    378      EN          Derecognition
379 EN    379      EN          Derivative




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


380 EN    380      EN          derivative features




381 EN    381      EN          Derivative financial instruments




382 EN    382      EN          designated and effective hedging instrument




383 EN    383      EN          determination of cost



384 EN    384      EN          Determining whether an Arrangement contains a
                               Lease




385 EN    385      EN          Development




386 EN    386      EN          Development costs
387 EN    387      EN          Diluted earnings per share




388 EN    388      EN          Dilution




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


389 EN    389      EN          Dilutive effect




390 EN    390      EN          Dilutive potential ordinary shares



391 EN    391      EN          diminishing balance method

392 EN    392      EN          direct insurance contract
393 EN    393      EN          Direct labour
394 EN    394      EN          Direct method of reporting cash flows from operating
                               activities
395 EN    395      EN          direct operating expenses


396 EN    396      EN          directly attributable
397 EN    397      EN          Directors
398 EN    398      EN          disaggregated information



399 EN    399      EN          Disclose
400 EN    400      EN          Disclosure
401 EN    401      EN          Disclosure and Presentation

402 EN    402      EN          Disclosure of government assistance
403 EN    403      EN          disclosure requirement
404 EN    404      EN          Disclosures in the Financial Statements of Banks and
                               Similar Financial Institutions
405 EN    405      EN          Disclosure—Service Concession Arrangements

406 EN    406      EN          Discontinued (operations)




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


407 EN    407      EN          Discontinuing operation




408 EN    408      EN          Discount rate
409 EN    409      EN          discounted basis
410 EN    410      EN          Discounting
411 EN    411      EN          discretionary participation feature
412 EN    412      EN          Disposal consideration
413 EN    413      EN          disposal group
414 EN    414      EN          disposal plan
415 EN    415      EN          disposal transaction
416 EN    416      EN          dissenting opinion
417 EN    417      EN          Dividend yield
418 EN    418      EN          Dividends


419 EN    419      EN          domain name
420 EN    420      EN          doubtful debts




421 EN    421      EN          Downstream transactions

422 EN    422      EN          dual listed corporation
423 EN    423      EN          dual trigger contract
424 EN    424      EN          Earlier application is encouraged
425 EN    425      EN          Earnings
426 EN    426      EN          Earnings - diluted
427 EN    427      EN          Earnings contingency



428 EN    428      EN          Earnings per Share
429 EN    429      EN          Earnings Per Share - Financial Instruments and Other
                               Contracts that May Be Settled in Shares




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


430 EN    430      EN          Economic benefits



431 EN    431      EN          economic decision-making needs of users




432 EN    432      EN          Economic life



433 EN    433      EN          Effect of assumed conversions
434 EN    434      EN          Effective date
435 EN    435      EN          Effective interest method




436 EN    436      EN          effective interest rate




437 EN    437      EN          Effects of Changes in Foreign Exchange Rates




438 EN    438      EN          Elements of cost of exploration and evaluation assets



439 EN    439      EN          Eligible for capitalisation
440 EN    440      EN          Elimination of Unrealised Profits and Losses on
                               Transactions with Associates




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


441 EN    441      EN          Embedded derivative




442 EN    442      EN          emission rights


443 EN    443      EN          Employee benefits

444 EN    444      EN          Employee share ownership plan
445 EN    445      EN          employee share purchase plan
446 EN    446      EN          Employee turnover rates




447 EN    447      EN          employees and others providing similar services

448 EN    448      EN          Employer payroll taxes and insurance contributions

449 EN    449      EN          Enactment
450 EN    450      EN          enforcement of covenants



451 EN    451      EN          Enhanced Disclosure

452 EN    452      EN          Enterprise
453 EN    453      EN          Enterprises whose shares are (not) publicly traded

454 EN    454      EN          Entity
455 EN    455      EN          entity-specific value




456 EN    456      EN          environmental obligations
457 EN    457      EN          equalisation provisions
458 EN    458      EN          Equity
459 EN    459      EN          Equity - Costs of an Equity Transaction

460 EN    460      EN          equity accounted investment
461 EN    461      EN          Equity Accounting Method - Recognition of Losses

462 EN    462      EN          equity balances
463 EN    463      EN          Equity capital




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


464 EN    464      EN          Equity compensation benefits(=Stock (=Share)
                               compensation benefits)




465 EN    465      EN          Equity compensation plans (=Share (=Stock)
                               compensation plans)

466 EN    466      EN          Equity component




467 EN    467      EN          equity holders
468 EN    468      EN          equity index
469 EN    469      EN          Equity instrument


470 EN    470      EN          equity instrument granted
471 EN    471      EN          equity interests
472 EN    472      EN          equity issue
473 EN    473      EN          Equity method




474 EN    474      EN          Equity securities
475 EN    475      EN          equity-settled share-based payment transaction

476 EN    476      EN          estimated costs



477 EN    477      EN          estimated future cash flows
478 EN    478      EN          European share option
479 EN    479      EN          Evaluating the Substance of Transactions Involving
                               the Legal Form of a Lease
480 EN    480      EN          Event-driven fair value measurements


481 EN    481      EN          Events After the Balance Sheet Date




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


482 EN    482      EN          Events occurring after the balance sheet date




483 EN    483      EN          evidence of impairment




484 EN    484      EN          Exchange difference


485 EN    485      EN          Exchange of assets
486 EN    486      EN          Exchange rate
487 EN    487      EN          exchange transaction




488 EN    488      EN          Executory contract
489 EN    489      EN          Exemptions



490 EN    490      EN          Exercise date
491 EN    491      EN          Exercise of rights


492 EN    492      EN          Exercise price
493 EN    493      EN          existing liability
494 EN    494      EN          Expected value
495 EN    495      EN          Expenditure
496 EN    496      EN          Expenses




497 EN    497      EN          experience account
498 EN    498      EN          Experience adjustments




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


499 EN    499      EN          Expiry date
500 EN    500      EN          Explicit and unreserved statement of compliance



501 EN    501      EN          exploration and evaluation assets



502 EN    502      EN          exploration and evaluation expenditures




503 EN    503      EN          Exploration for and Evaluation of Mineral Resources




504 EN    504      EN          Exposure draft
505 EN    505      EN          expropriation of major assets
506 EN    506      EN          Extraordinary items



507 EN    507      EN          Face (of Financial Statements or Notes)

508 EN    508      EN          Fair presentation
509 EN    509      EN          Fair value




510 EN    510      EN          fair value hedge
511 EN    511      EN          Fair value measurement



512 EN    512      EN          Faithful representation
513 EN    513      EN          Fees
514 EN    514      EN          Fellow subsidiary
515 EN    515      EN          Fidelity bonds




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


516 EN    516      EN          fiduciary activities



517 EN    517      EN          FIFO




518 EN    518      EN          FIFO formula
519 EN    519      EN          Finance lease


520 EN    520      EN          Finance lease obligations



521 EN    521      EN          Financial asset




522 EN    522      EN          financial asset or financial liability at fair value through
                               profit or loss


523 EN    523      EN          Financial asset or liability held for trading




524 EN    524      EN          Financial capital
525 EN    525      EN          financial conglomerate


526 EN    526      EN          Financial guarantee



C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


527 EN    527      EN          Financial institution
528 EN    528      EN          Financial instruments


529 EN    529      EN          Financial Instruments: Disclosure and Presentation

530 EN    530      EN          Financial Instruments: Recognition and Measurement

531 EN    531      EN          Financial liability




532 EN    532      EN          Financial performance




533 EN    533      EN          Financial position


534 EN    534      EN          Financial reporting
535 EN    535      EN          Financial Reporting in Hyperinflationary Economies

536 EN    536      EN          Financial Reporting of Interests in Joint Ventures

537 EN    537      EN          Financial review
538 EN    538      EN          financial risk
539 EN    539      EN          Financial statements




540 EN    540      EN          Financial year-to-date basis

541 EN    541      EN          Financing activities


542 EN    542      EN          Financing device
543 EN    543      EN          Finished good
544 EN    544      EN          Firm commitment


545 EN    545      EN          firm purchase commitment
546 EN    546      EN          firm sales contracts




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


547 EN    547      EN          First IFRS financial statements



548 EN    548      EN          first-in, first-out
549 EN    549      EN          First-time adopter




550 EN    550      EN          First-time adoption


551 EN    551      EN          First-time Adoption of International Financial
                               Reporting Standards
552 EN    552      EN          First-time Application




553 EN    553      EN          First-Time Application of IASs as the Primary Basis of
                               Accounting
554 EN    554      EN          Fixed asset
555 EN    555      EN          fixed coupon rate




556 EN    556      EN          Fixed price contract



557 EN    557      EN          Fixed production overheads




558 EN    558      EN          flat yield curve




559 EN    559      EN          Floating rate
560 EN    560      EN          Floor
561 EN    561      EN          Forecast




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


562 EN    562      EN          forecast transaction




563 EN    563      EN          Foreign currency

564 EN    564      EN          foreign currency derivatives


565 EN    565      EN          Foreign currency transaction

566 EN    566      EN          Foreign entity

567 EN    567      EN          Foreign Exchange - Capitalisation of Losses
                               Resulting from Severe Currency Devaluations
568 EN    568      EN          Foreign exchange contract
569 EN    569      EN          Foreign Exchange Rates




570 EN    570      EN          Foreign operation



571 EN    571      EN          Forgivable loans

572 EN    572      EN          Forward contract
573 EN    573      EN          forward repurchase agreement
574 EN    574      EN          Framework
575 EN    575      EN          Framework for the Preparation and Presentation of
                               Financial Statements
576 EN    576      EN          Franchise fee
577 EN    577      EN          Function of expense
578 EN    578      EN          functional currency



579 EN    579      EN          Fundamental errors




580 EN    580      EN          Fundamental Errors and Changes in Accounting
                               Policies




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


581 EN    581      EN          Funding



582 EN    582      EN          Future cash flow
583 EN    583      EN          Future economic benefit




584 EN    584      EN          Futures contract
585 EN    585      EN          GAAP


586 EN    586      EN          Gain on disposal
587 EN    587      EN          Gains

588 EN    588      EN          General purchasing power approach


589 EN    589      EN          general recognition principle




590 EN    590      EN          Geographical segments




591 EN    591      EN          Going concern




592 EN    592      EN          Goodwill



593 EN    593      EN          governing board


594 EN    594      EN          governing body
595 EN    595      EN          governing charter




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


596 EN    596      EN          Government

597 EN    597      EN          Government assistance


598 EN    598      EN          Government Assistance—No Specific Relation to
                               Operating Activities
599 EN    599      EN          Government grants




600 EN    600      EN          government guarantee




601 EN    601      EN          grant date
602 EN    602      EN          Grants related to assets




603 EN    603      EN          Grants related to income

604 EN    604      EN          Gross investment in the lease



605 EN    605      EN          Gross margin
606 EN    606      EN          Gross profit
607 EN    607      EN          Group
608 EN    608      EN          Group administration (employee benefit) plans




609 EN    609      EN          group insurance contract
610 EN    610      EN          Group of assets
611 EN    611      EN          Group of biological assets
612 EN    612      EN          Grouping of assets
613 EN    613      EN          Guarantee
614 EN    614      EN          guarantee fund



C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


615 EN    615      EN          Guaranteed residual value




616 EN    616      EN          Harmonise
617 EN    617      EN          Harvest


618 EN    618      EN          Hedge accounting




619 EN    619      EN          Hedge effectiveness


620 EN    620      EN          Hedged item




621 EN    621      EN          Hedging



622 EN    622      EN          Hedging instrument




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


623 EN    623      EN          Hedging relationship




624 EN    624      EN          Hedging reserve
625 EN    625      EN          held for resale



626 EN    626      EN          Held for trading
627 EN    627      EN          Held-to-maturity investment




628 EN    628      EN          highly probable
629 EN    629      EN          Hire-purchase contract




630 EN    630      EN          Historical cost




631 EN    631      EN          historical loss experience




632 EN    632      EN          Historical summaries


633 EN    633      EN          Holding company
634 EN    634      EN          Host contract
635 EN    635      EN          host instrument
636 EN    636      EN          hybrid instrument




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


637 EN    637      EN          Hyperinflation




638 EN    638      EN          Hyperinflationary economies
639 EN    639      EN          IAS
640 EN    640      EN          IASC
641 EN    641      EN          IASC Foundation Constitution
642 EN    642      EN          IASCF
643 EN    643      EN          Identifiable asset
644 EN    644      EN          IFAC
645 EN    645      EN          IFRIC
646 EN    646      EN          IFRS
647 EN    647      EN          IFRS-compliant




648 EN    648      EN          Impairment

649 EN    649      EN          Impairment loss

650 EN    650      EN          Impairment of Assets


651 EN    651      EN          Impairment test

652 EN    652      EN          Implementation Guidance

653 EN    653      EN          Import duties




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


654 EN    654      EN          impracticability exemption




655 EN    655      EN          impracticable


656 EN    656      EN          Imputed rate of interest




657 EN    657      EN          In the money




658 EN    658      EN          Inception of the Lease



659 EN    659      EN          Incidental income
660 EN    660      EN          incidental operations




661 EN    661      EN          Income




662 EN    662      EN          Income approach
663 EN    663      EN          Income statement = Statement of income
664 EN    664      EN          Income tax
665 EN    665      EN          income tax expense
666 EN    666      EN          Income Taxes
667 EN    667      EN          Income Taxes—Changes in the Tax Status of an
                               Enterprise or its Shareholders
668 EN    668      EN          Income Taxes—Recovery of Revalued Non-
                               Depreciable Assets




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


669 EN    669      EN          Increasing Rate Preference Shares




670 EN    670      EN          Incremental share




671 EN    671      EN          Indicator [of impairment]
672 EN    672      EN          Indirect method of reporting cash flows from
                               operating activities




673 EN    673      EN          individual asset
674 EN    674      EN          individual financial statements



675 EN    675      EN          Induced conversion



676 EN    676      EN          Industry segments
677 EN    677      EN          Inflation
678 EN    678      EN          Information Reflecting the Effects of Changing Prices

679 EN    679      EN          initial classification
680 EN    680      EN          Initial Direct Costs


681 EN    681      EN          Initial disclosure event (for a discontinuing operation)




682 EN    682      EN          Initial measurement




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


683 EN    683      EN          Initial public offering




684 EN    684      EN          Initial recognition

685 EN    685      EN          in-substance defeasance




686 EN    686      EN          insurable interest
687 EN    687      EN          Insurance agency commissions

688 EN    688      EN          insurance assets
689 EN    689      EN          Insurance company
690 EN    690      EN          Insurance contract
691 EN    691      EN          Insurance Contracts
692 EN    692      EN          Insurance enterprise
693 EN    693      EN          insurance liability
694 EN    694      EN          insurance obligations
695 EN    695      EN          insurance risk
696 EN    696      EN          insurance swaps
697 EN    697      EN          insured event
698 EN    698      EN          insurer
699 EN    699      EN          Intangible asset



700 EN    700      EN          Intangible Assets
701 EN    701      EN          Intangible Assets—Web Site Costs

702 EN    702      EN          integral foreign operation




703 EN    703      EN          Interest




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


704 EN    704      EN          Interest Cost


705 EN    705      EN          Interest rate implicit in a lease




706 EN    706      EN          interest rate implicit in the lease




707 EN    707      EN          Interest rate risk


708 EN    708      EN          interest rate strip




709 EN    709      EN          Interest rate swap
710 EN    710      EN          interest-only strip




711 EN    711      EN          Interests in Joint Ventures
712 EN    712      EN          Interim financial report



713 EN    713      EN          Interim Financial Reporting
714 EN    714      EN          interim financial statements
715 EN    715      EN          Interim period

716 EN    716      EN          internal rate of return




717 EN    717      EN          internal risk transfer




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


718 EN    718      EN          Internally generated




719 EN    719      EN          Internally generated goodwill
720 EN    720      EN          International Accounting Standard
721 EN    721      EN          International Accounting Standards Committee
722 EN    722      EN          International Accounting Standards Committee
                               Foundation
723 EN    723      EN          International Federation of Accountants
724 EN    724      EN          International Financial Reporting Interpretations
                               Committee
725 EN    725      EN          International Financial Reporting Standard




726 EN    726      EN          intragroup



727 EN    727      EN          intrinsic value
728 EN    728      EN          Introduction of the Euro
729 EN    729      EN          Inventories




730 EN    730      EN          investee




731 EN    731      EN          Investing activities


732 EN    732      EN          Investment
733 EN    733      EN          investment contract
734 EN    734      EN          Investment enterprise




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


735 EN    735      EN          investment grade




736 EN    736      EN          Investment performance
737 EN    737      EN          Investment Property




738 EN    738      EN          Investment securities

739 EN    739      EN          Investment tax credits

740 EN    740      EN          investment-linked insurance funds




741 EN    741      EN          Investments in Associates
742 EN    742      EN          Investor
743 EN    743      EN          Investor in a joint venture

744 EN    744      EN          investor-owned entity
745 EN    745      EN          Involuntary liquidation
746 EN    746      EN          irrevocable commitments


747 EN    747      EN          Issued capital
748 EN    748      EN          issued shares
749 EN    749      EN          issuing entity
750 EN    750      EN          Item
751 EN    751      EN          Item by item basis
752 EN    752      EN          item of inventory


753 EN    753      EN          Joint control

754 EN    754      EN          Joint venture


755 EN    755      EN          Joint Working Group
756 EN    756      EN          Jointly Controlled Entities—Non-Monetary
                               Contributions by Venturers




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


757 EN    757      EN          Jointly controlled entity




758 EN    758      EN          jurisdiction
759 EN    759      EN          key management personnel




760 EN    760      EN          last-in, first-out
761 EN    761      EN          Lease



762 EN    762      EN          Lease term




763 EN    763      EN          leaseback




764 EN    764      EN          Leased assets
765 EN    765      EN          leasehold interest




766 EN    766      EN          Leases
767 EN    767      EN          Legal entity
768 EN    768      EN          Legal merger




769 EN    769      EN          Legal obligation


770 EN    770      EN          legal parent
771 EN    771      EN          legal rights
772 EN    772      EN          legal subsidiary
773 EN    773      EN          Legally enforceable right



C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


774 EN    774      EN          Legislative requirement
775 EN    775      EN          Lender
776 EN    776      EN          Lessee
777 EN    777      EN          lessee's incremental borrowing rate of interest




778 EN    778      EN          Lessor
779 EN    779      EN          Letters of credit
780 EN    780      EN          leveraged written option


781 EN    781      EN          Liabilities assumed



782 EN    782      EN          Liability



783 EN    783      EN          Liability component




784 EN    784      EN          liability issue
785 EN    785      EN          Licence fee
786 EN    786      EN          Licensing agreement
787 EN    787      EN          life-contingent annuity
788 EN    788      EN          LIFO




789 EN    789      EN          Line item
790 EN    790      EN          Line of business
791 EN    791      EN          Liquid assets
792 EN    792      EN          Liquidity


793 EN    793      EN          liquidity presentation
794 EN    794      EN          Liquidity risk




795 EN    795      EN          Litigation settlements
796 EN    796      EN          Loan



C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


797 EN    797      EN          loan asset
798 EN    798      EN          loan commitment
799 EN    799      EN          Loans and advances
800 EN    800      EN          loans and receivables



801 EN    801      EN          Loans and receivables originated by the enterprise




802 EN    802      EN          loans payable

803 EN    803      EN          loans payable in default

804 EN    804      EN          Long-term employee benefits
805 EN    805      EN          Long-term investment
806 EN    806      EN          loss event




807 EN    807      EN          Loss per share


808 EN    808      EN          loss recognition test
809 EN    809      EN          Losses

810 EN    810      EN          Majority interest
811 EN    811      EN          Management
812 EN    812      EN          management commentary



813 EN    813      EN          Margin
814 EN    814      EN          market condition
815 EN    815      EN          Market price




816 EN    816      EN          market rate of interest




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


817 EN    817      EN          Market risk




818 EN    818      EN          Market value


819 EN    819      EN          Marketable
820 EN    820      EN          mask works
821 EN    821      EN          Master netting arrangement




822 EN    822      EN          Matching of costs with revenues




823 EN    823      EN          Material adjustments

824 EN    824      EN          material errors




825 EN    825      EN          material omissions



826 EN    826      EN          Materiality
827 EN    827      EN          Matrix approach
828 EN    828      EN          Matrix presentation
829 EN    829      EN          Maturity
830 EN    830      EN          maturity value
831 EN    831      EN          Measurement



832 EN    832      EN          Measurement bases
833 EN    833      EN          measurement date
834 EN    834      EN          measurement or recognition inconsistency




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


835 EN    835      EN          Measuring interim income tax expense
836 EN    836      EN          members’ shares



837 EN    837      EN          Members’ Shares in Co-operative Entities and Similar
                               Instruments
838 EN    838      EN          Membership fees
839 EN    839      EN          merchandise



840 EN    840      EN          Merger
841 EN    841      EN          method of accounting
842 EN    842      EN          minerals and mineral products




843 EN    843      EN          Minimum lease payments




844 EN    844      EN          Minority interest



845 EN    845      EN          Mismatch
846 EN    846      EN          misstatement



847 EN    847      EN          mitigating device


848 EN    848      EN          Monetary asset




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


849 EN    849      EN          Monetary items (monetary assets; monetary financial
                               assets and financial liabilities; monetary financial
                               instruments)
850 EN    850      EN          Monitor compliance




851 EN    851      EN          mortality risk
852 EN    852      EN          Multi-employer (benefit) plans




853 EN    853      EN          Multi-employer plans (for an employee benefit plan)

854 EN    854      EN          multiple embedded derivatives




855 EN    855      EN          mutual cooperative entity
856 EN    856      EN          mutual entity
857 EN    857      EN          mutual fund



858 EN    858      EN          mutual insurance company
859 EN    859      EN          National requirements




860 EN    860      EN          Nature of expense method

861 EN    861      EN          Negative goodwill



862 EN    862      EN          Negotiable paper
863 EN    863      EN          net assets
864 EN    864      EN          Net basis




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


865 EN    865      EN          net disposal proceeds




866 EN    866      EN          net exchange differences




867 EN    867      EN          net identifiable assets




868 EN    868      EN          Net income
869 EN    869      EN          Net investment in a foreign entity

870 EN    870      EN          net investment in a foreign operation


871 EN    871      EN          Net investment in a lease

872 EN    872      EN          Net loss
873 EN    873      EN          Net monetary position
874 EN    874      EN          Net position




875 EN    875      EN          Net profit
876 EN    876      EN          Net profit or loss [for the period]


877 EN    877      EN          Net Profit or Loss for the Period, Fundamental Errors
                               and Changes in Accounting Policies
878 EN    878      EN          Net realisable value



879 EN    879      EN          Net selling price



880 EN    880      EN          Net settlement = Settle net
881 EN    881      EN          Neutrality

882 EN    882      EN          newly acquired asset




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


883 EN    883      EN          next most senior parent



884 EN    884      EN          Non-adjusting event [after the balance sheet date]

885 EN    885      EN          non-bank financial service firm




886 EN    886      EN          Non-cancellable lease




887 EN    887      EN          Non-cash transactions
888 EN    888      EN          non-coterminous year-ends




889 EN    889      EN          non-current assets
890 EN    890      EN          non-current assets held for sale and discontinued
                               operations
891 EN    891      EN          non-derivative


892 EN    892      EN          non-derivative contract
893 EN    893      EN          Non-discretionary employee profit-sharing plan




894 EN    894      EN          Non-discretionary payments
895 EN    895      EN          non-financial assets


896 EN    896      EN          Non-linearities
897 EN    897      EN          Non-marketable securities
898 EN    898      EN          Non-monetary asset
899 EN    899      EN          Non-monetary government grants
900 EN    900      EN          non-redeemable




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


901 EN    901      EN          non-refundable purchase taxes


902 EN    902      EN          Normal capacity of production facilities



903 EN    903      EN          notes (receivable/payable)
904 EN    904      EN          Notional amount
905 EN    905      EN          notionally restated
906 EN    906      EN          Objective
907 EN    907      EN          Obligating event


908 EN    908      EN          Obligation




909 EN    909      EN          obligations for removal and restoration




910 EN    910      EN          observable (benchmark) interest rate

911 EN    911      EN          observable markets


912 EN    912      EN          observed (benchmark) interest rate




913 EN    913      EN          observed market price




914 EN    914      EN          Obsolescence
915 EN    915      EN          Offer price
916 EN    916      EN          Offset
917 EN    917      EN          Offsetting



C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


918 EN    918      EN          Onerous contract



919 EN    919      EN          Opening balance
920 EN    920      EN          Opening IFRS balance sheet




921 EN    921      EN          Operating activities


922 EN    922      EN          Operating cycle



923 EN    923      EN          Operating lease
924 EN    924      EN          Operating Leases—Incentives
925 EN    925      EN          Option

926 EN    926      EN          option contract




927 EN    927      EN          option pricing model
928 EN    928      EN          Ordinary activities




929 EN    929      EN          ordinary course of business



930 EN    930      EN          Ordinary share

931 EN    931      EN          Original cost




932 EN    932      EN          Originated loans and receivables

933 EN    933      EN          Origination costs




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


934 EN    934      EN          Other long-term employee benefits




935 EN    935      EN          other price risk




936 EN    936      EN          out of the money




937 EN    937      EN          Outright sale
938 EN    938      EN          outsourcing arrangements

939 EN    939      EN          Overheads
940 EN    940      EN          over-the-counter market



941 EN    941      EN          Owner-occupied property


942 EN    942      EN          Owners' equity
943 EN    943      EN          ownership interest
944 EN    944      EN          Paid in capital
945 EN    945      EN          parent
946 EN    946      EN          parent-subsidiary relationship
947 EN    947      EN          partially-owned subsidiary




948 EN    948      EN          Participants [in a pension plan]

949 EN    949      EN          Participating equity instruments




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


950 EN    950      EN          Past business combination




951 EN    951      EN          past due


952 EN    952      EN          past event
953 EN    953      EN          Past service cost




954 EN    954      EN          Payables
955 EN    955      EN          Pension
956 EN    956      EN          Pension liability



957 EN    957      EN          Pension scheme
958 EN    958      EN          Percentage of completion method




959 EN    959      EN          Performance (= Financial performance)

960 EN    960      EN          performance conditions
961 EN    961      EN          Period of service

962 EN    962      EN          Period-certain annuity
963 EN    963      EN          period-specific effects




964 EN    964      EN          Perpetual debt instruments




965 EN    965      EN          persistency bonus




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


966 EN    966      EN          personnel




967 EN    967      EN          phantom shares
968 EN    968      EN          Physical capital
969 EN    969      EN          Plan assets (of an employee benefit plan)

970 EN    970      EN          plan commitment date
971 EN    971      EN          pledged as collateral




972 EN    972      EN          policyholder
973 EN    973      EN          Pooling of interest method
974 EN    974      EN          Portfolio
975 EN    975      EN          Portfolio Hedge of Interest Rate Risk
976 EN    976      EN          portfolio transfer
977 EN    977      EN          position-taking institutions



978 EN    978      EN          Post-employment benefit plans


979 EN    979      EN          Post-employment benefits


980 EN    980      EN          post-tax profit or loss
981 EN    981      EN          post-vesting transfer restriction
982 EN    982      EN          Potential ordinary share

983 EN    983      EN          potential voting rights




984 EN    984      EN          pre-combination
985 EN    985      EN          Preface to International Financial Reporting
                               Interpretations Committee
986 EN    986      EN          Preface to International Financial Reporting
                               Standards




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


987 EN    987      EN          preference dividend




988 EN    988      EN          Preference share


989 EN    989      EN          Premium
990 EN    990      EN          Preparation and Presentation of Financial Statements




991 EN    991      EN          preparers



992 EN    992      EN          Prepayments
993 EN    993      EN          Present obligation
994 EN    994      EN          Present value


995 EN    995      EN          Present value of a defined benefit obligation

996 EN    996      EN          Presentation
997 EN    997      EN          presentation currency

998 EN    998      EN          Presentation of Financial Statements
999 EN    999      EN          Previous GAAP




1000 EN 1000       EN          Price earnings ratios
1001 EN 1001       EN          Price index
1002 EN 1002       EN          Price risk



1003 EN 1003       EN          Primary Basis of Accounting




1004 EN 1004       EN          primary economic environment


1005 EN 1005       EN          Primary financial instruments




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1006 EN 1006       EN          Primary objective




1007 EN 1007       EN          Primary reporting format
1008 EN 1008       EN          principal-only strip




1009 EN 1009       EN          Principles-based approach


1010 EN 1010       EN          prior period error



1011 EN 1011       EN          private entity
1012 EN 1012       EN          Privatisation




1013 EN 1013       EN          Pro forma
1014 EN 1014       EN          Pro rata basis
1015 EN 1015       EN          probability recognition criterion

1016 EN   1016     EN          probable
1017 EN   1017     EN          probable maximum loss
1018 EN   1018     EN          product warranty obligations
1019 EN   1019     EN          Production overheads
1020 EN   1020     EN          production process


1021 EN 1021       EN          Profit




1022 EN   1022     EN          Profit after tax
1023 EN   1023     EN          Profit allowance
1024 EN   1024     EN          Profit before tax
1025 EN   1025     EN          Profit sharing
1026 EN   1026     EN          Progress billing


C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1027 EN 1027       EN          Progress payment
1028 EN 1028       EN          prohibitions




1029 EN 1029       EN          Projected unit credit method




1030 EN 1030       EN          promissory notes




1031 EN 1031       EN          property interest


1032 EN 1032       EN          Property, Plant and Equipment




1033 EN 1033       EN          Property, Plant and Equipment - Compensation for
                               the Impairment or Loss of Items

1034 EN 1034       EN          Property, Plant and Equipment - Major Inspection or
                               Overhaul Costs

1035 EN 1035       EN          Proportionate consolidation




1036 EN 1036       EN          proportionate interest
1037 EN 1037       EN          Proposed improvements




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1038 EN 1038       EN          Prospective application




1039 EN   1039     EN          Provision
1040 EN   1040     EN          Provision for loss
1041 EN   1041     EN          provisional value
1042 EN   1042     EN          Provisions, Contingent Liabilities and Contingent
                               Assets
1043 EN 1043       EN          proxy



1044 EN 1044       EN          Prudence




1045 EN 1045       EN          public entity
1046 EN 1046       EN          Public securities markets




1047 EN   1047     EN          publicly quoted entity
1048 EN   1048     EN          published price
1049 EN   1049     EN          Purchase consideration
1050 EN   1050     EN          Purchase method
1051 EN   1051     EN          purchase price




1052 EN   1052     EN          Purchased options
1053 EN   1053     EN          Put option
1054 EN   1054     EN          Puttable
1055 EN   1055     EN          puttable instrument




1056 EN 1056       EN          Qualify for recognition/derecognition




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1057 EN 1057       EN          Qualifying asset

1058 EN 1058       EN          Qualifying insurance policy




1059 EN   1059     EN          Qualitative characteristics
1060 EN   1060     EN          quantitative disclosures
1061 EN   1061     EN          quoted equity instrument
1062 EN   1062     EN          Quoted market price
1063 EN   1063     EN          rated and unrated credit exposures

1064 EN 1064       EN          Realisable value


1065 EN 1065       EN          Reasonable estimate




1066 EN 1066       EN          reasonably possible


1067 EN 1067       EN          reassessment
1068 EN 1068       EN          rebates

1069 EN 1069       EN          Rebuttable presumption
1070 EN 1070       EN          Receivables
1071 EN 1071       EN          recognised financial instruments



1072 EN 1072       EN          Recognition




1073 EN 1073       EN          recognition as an expense



1074 EN 1074       EN          Recognition criteria




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1075 EN 1075       EN          Reconciliation
1076 EN 1076       EN          reconciliation period




1077 EN 1077       EN          Recoverability
1078 EN 1078       EN          recoverable



1079 EN 1079       EN          Recoverable amount

1080 EN 1080       EN          Redemption
1081 EN 1081       EN          redemption prohibition


1082 EN 1082       EN          Refinancing
1083 EN 1083       EN          Reformatted (IAS)
1084 EN 1084       EN          regular way purchase or sale




1085 EN   1085     EN          Regulator
1086 EN   1086     EN          Reimbursement
1087 EN   1087     EN          reinsurance contract
1088 EN   1088     EN          Reinsurer
1089 EN   1089     EN          Reinvestment of dividends


1090 EN 1090       EN          Related parties



1091 EN 1091       EN          Related Party Disclosures




1092 EN 1092       EN          Related party transaction


1093 EN 1093       EN          Relevance




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1094 EN 1094       EN          Reliability




1095 EN 1095       EN          reliability exception


1096 EN 1096       EN          reliable measurement test




1097 EN   1097     EN          reload feature
1098 EN   1098     EN          reload option
1099 EN   1099     EN          Remeasurement
1100 EN   1100     EN          Rendering of Services
1101 EN   1101     EN          renewal rights
1102 EN   1102     EN          Reorganisations
1103 EN   1103     EN          repairs and maintenance


1104 EN 1104       EN          Repayment
1105 EN 1105       EN          Replacement cost of an asset


1106 EN 1106       EN          repledged


1107 EN 1107       EN          Reportable segment


1108 EN 1108       EN          Reporting currency

1109 EN 1109       EN          Reporting Currency - Measurement and Presentation
                               of Financial Statements Under IAS 21 and IAS 29

1110 EN 1110       EN          Reporting Currency – Translation from Measurement
                               Currency to Presentation Currency
1111 EN 1111       EN          Reporting date
1112 EN 1112       EN          Reporting enterprise


1113 EN 1113       EN          reporting entity




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1114 EN 1114       EN          Reporting package



1115 EN 1115       EN          Reporting period
1116 EN 1116       EN          representational faithfulness
1117 EN 1117       EN          Repurchase agreement




1118 EN 1118       EN          Research


1119 EN 1119       EN          Reserve
1120 EN 1120       EN          residual cost
1121 EN 1121       EN          residual interest


1122 EN 1122       EN          Residual value


1123 EN 1123       EN          Resolution of the IASB—Withdrawal of IAS 15 by the
                               Board
1124 EN 1124       EN          Restatement
1125 EN 1125       EN          Restructuring




1126 EN 1126       EN          Restructuring provision



1127 EN 1127       EN          Result




1128 EN 1128       EN          Retail method

1129 EN 1129       EN          Retail store chain
1130 EN 1130       EN          Retained earnings
1131 EN 1131       EN          retained profit




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1132 EN 1132       EN          Retirement benefit plans




1133 EN 1133       EN          retroactive classification
1134 EN 1134       EN          Retrospective application




1135 EN 1135       EN          Return on investment
1136 EN 1136       EN          Return on plan assets (of an employee benefit plan)




1137 EN 1137       EN          Revaluation
1138 EN 1138       EN          Revaluation reserve
1139 EN 1139       EN          Revaluation surplus




1140 EN 1140       EN          Revalued amount of an asset


1141 EN 1141       EN          Revenue




1142 EN 1142       EN          Revenue—Barter Transactions Involving Advertising
                               Services
1143 EN 1143       EN          Reversal
1144 EN 1144       EN          Reverse acquisition




1145 EN 1145       EN          Reverse share split
1146 EN 1146       EN          Revised (IAS)
1147 EN 1147       EN          Rewards associated with a leased asset




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1148 EN 1148       EN          right of first refusal




1149 EN 1149       EN          Right of set-off
1150 EN 1150       EN          right to explore



1151 EN 1151       EN          Rights issue


1152 EN 1152       EN          Rights to Interests arising from Decommissioning,
                               Restoration and Environmental Rehabilitation Funds

1153 EN 1153       EN          Risk
1154 EN 1154       EN          Risk exposure
1155 EN 1155       EN          risks and rewards of ownership

1156 EN 1156       EN          Risks associated with a leased asset


1157 EN 1157       EN          Roll back



1158 EN 1158       EN          Roll forward




1159 EN 1159       EN          Royalty
1160 EN 1160       EN          Sale
1161 EN 1161       EN          Sale and leaseback transaction




1162 EN   1162     EN          SARs
1163 EN   1163     EN          Scope
1164 EN   1164     EN          Secondary segment information
1165 EN   1165     EN          Securities
1166 EN   1166     EN          Securitisation

1167 EN 1167       EN          Segment




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1168 EN 1168       EN          Segment assets



1169 EN 1169       EN          Segment expense




1170 EN 1170       EN          Segment Reporting
1171 EN 1171       EN          Segment result


1172 EN 1172       EN          Segment revenue




1173 EN 1173       EN          self-constructed asset

1174 EN 1174       EN          Self-insurance
1175 EN 1175       EN          selling price



1176 EN 1176       EN          Sensitivity analysis
1177 EN 1177       EN          separability
1178 EN 1178       EN          separable assets


1179 EN 1179       EN          separate financial statements




1180 EN 1180       EN          separate liability
1181 EN 1181       EN          separately identifiable



1182 EN 1182       EN          Service cost

1183 EN 1183       EN          service date
1184 EN 1184       EN          service mark




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1185 EN 1185       EN          Servicing liabilities




1186 EN 1186       EN          Servicing rights




1187 EN 1187       EN          Set of financial statements




1188 EN 1188       EN          Set-off, legal right of



1189 EN 1189       EN          Settle net = Net settlement

1190 EN 1190       EN          Settlement
1191 EN 1191       EN          Settlement (of employee benefit obligations)




1192 EN 1192       EN          Settlement date

1193 EN 1193       EN          settlement date accounting




1194 EN 1194       EN          settlement provision




1195 EN 1195       EN          Settlement value


1196 EN 1196       EN          severally liable


1197 EN 1197       EN          Share
1198 EN 1198       EN          share appreciation rights
1199 EN 1199       EN          share buy-back arrangements



C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1200 EN 1200       EN          share call options




1201 EN 1201       EN          Share capital
1202 EN 1202       EN          Share Capital - Reacquired Own Equity Instruments
                               (Treasury Shares)
1203 EN 1203       EN          Share consolidation

1204 EN   1204     EN          share option
1205 EN   1205     EN          Share option plan
1206 EN   1206     EN          Share premium
1207 EN   1207     EN          Share split
1208 EN   1208     EN          Share warrant
1209 EN   1209     EN          Share-based Payment
1210 EN   1210     EN          share-based payment arrangement
1211 EN   1211     EN          share-based payment transaction
1212 EN   1212     EN          Shareholder
1213 EN   1213     EN          Shareholders' equity
1214 EN   1214     EN          Short seller

1215 EN 1215       EN          Short-term employee benefits




1216 EN 1216       EN          SIC
1217 EN 1217       EN          Significant influence




1218 EN   1218     EN          Single product enterprise
1219 EN   1219     EN          Sinking fund
1220 EN   1220     EN          Social security
1221 EN   1221     EN          Social security contribution
1222 EN   1222     EN          Solvency

1223 EN 1223       EN          SPE
1224 EN 1224       EN          Special purpose entity


1225 EN 1225       EN          specific identification of costs


1226 EN 1226       EN          speculative grade




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1227 EN 1227       EN          Spin-off

1228 EN 1228       EN          spot exchange rate
1229 EN 1229       EN          stand-alone basis



1230 EN 1230       EN          stand-alone derivative




1231 EN 1231       EN          stand-alone entity




1232 EN 1232       EN          Standard cost method
1233 EN 1233       EN          stand-by credit facilities



1234 EN 1234       EN          Standby letters of credit
1235 EN 1235       EN          Standing Interpretation Committee
1236 EN 1236       EN          start-up costs



1237 EN 1237       EN          state-controlled entities




1238 EN 1238       EN          Statement of cash flows = Cash flow statement
1239 EN 1239       EN          Statement of changes in equity
1240 EN 1240       EN          Statement of compliance with IFRSs



1241 EN 1241       EN          Statement of income = Income statement
1242 EN 1242       EN          Stewardship of management




1243 EN 1243       EN          stock exchange listing
1244 EN 1244       EN          Stop-loss
1245 EN 1245       EN          straight debt




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1246 EN 1246       EN          straight-line method


1247 EN 1247       EN          subsequent gain


1248 EN 1248       EN          Subsidiary
1249 EN 1249       EN          Subsidies

1250 EN 1250       EN          Substance over form
1251 EN 1251       EN          Substantively enacted



1252 EN 1252       EN          Superannuation scheme
1253 EN 1253       EN          Superseded versions
1254 EN 1254       EN          supervisory board members




1255 EN   1255     EN          supplier
1256 EN   1256     EN          supply agreement
1257 EN   1257     EN          Surety bonds
1258 EN   1258     EN          surrender option
1259 EN   1259     EN          surrender values
1260 EN   1260     EN          Swap contract
1261 EN   1261     EN          swaption
1262 EN   1262     EN          Syndication



1263 EN 1263       EN          Synthetic instrument
1264 EN 1264       EN          synthetic instrument




1265 EN 1265       EN          Tainting



1266 EN 1266       EN          take-or-pay contract




1267 EN 1267       EN          Tangible asset
1268 EN 1268       EN          tangible fixed asset




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1269 EN 1269       EN          Targeted exemptions



1270 EN 1270       EN          Tax
1271 EN 1271       EN          Tax base
1272 EN 1272       EN          Tax base of an asset or liability

1273 EN 1273       EN          tax benefit
1274 EN 1274       EN          tax effects




1275 EN 1275       EN          Tax expense (tax income)




1276 EN 1276       EN          tax jurisdiction
1277 EN 1277       EN          Tax liability

1278 EN 1278       EN          Tax purposes




1279 EN 1279       EN          Tax rate




1280 EN 1280       EN          Taxable profit (tax loss)



1281 EN 1281       EN          Taxable temporary difference



1282 EN 1282       EN          taxation
1283 EN 1283       EN          technical feasibility and commercial viability of
                               extracting a mineral resource


1284 EN 1284       EN          Temporary difference




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1285 EN 1285       EN          Tender offer

1286 EN 1286       EN          Termination benefits




1287 EN 1287       EN          Tests goodwill for impairment



1288 EN 1288       EN          The Effects of Changes in Foreign Exchange Rates

1289 EN 1289       EN          Theoretical ex-rights value per share
1290 EN 1290       EN          Time-weighting factor




1291 EN 1291       EN          to 'manufacture' gains




1292 EN 1292       EN          Top-down test
1293 EN 1293       EN          total return swap




1294 EN 1294       EN          Trade date

1295 EN 1295       EN          trade date accounting




1296 EN 1296       EN          Trade receivable

1297 EN 1297       EN          trade secret
1298 EN 1298       EN          Trading – financial asset or liability held for trading

1299 EN 1299       EN          trading gains and losses

1300 EN 1300       EN          Transaction




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1301 EN 1301       EN          Transaction costs (financial instruments)


1302 EN 1302       EN          transaction price




1303 EN   1303     EN          Transfer
1304 EN   1304     EN          Transferee
1305 EN   1305     EN          Transferor
1306 EN   1306     EN          Transitional liability (defined benefit plans)




1307 EN 1307       EN          Translation difference


1308 EN 1308       EN          translation method




1309 EN 1309       EN          Translation of foreign currency
1310 EN 1310       EN          translation of the financial statements




1311 EN 1311       EN          translation to the presentation currency


1312 EN 1312       EN          Transparency




1313 EN 1313       EN          Treasury shares

1314 EN   1314     EN          triggering event
1315 EN   1315     EN          Trust activities
1316 EN   1316     EN          Trustee
1317 EN   1317     EN          two-class ordinary shares




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1318 EN 1318       EN          ultimate controlling party



1319 EN   1319     EN          unallocated surplus
1320 EN   1320     EN          Unamortised
1321 EN   1321     EN          unbundle
1322 EN   1322     EN          uncertain event
1323 EN   1323     EN          Uncollectability
1324 EN   1324     EN          unconditional prohibitions




1325 EN 1325       EN          unconditional right to refuse redemption


1326 EN 1326       EN          underlying asset


1327 EN 1327       EN          underlying variable




1328 EN 1328       EN          Understandability




1329 EN 1329       EN          underwriting year
1330 EN 1330       EN          undistributed earnings




1331 EN 1331       EN          undrawn loan commitment


1332 EN 1332       EN          Undue cost or effort




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1333 EN 1333       EN          Unearned finance income




1334 EN 1334       EN          unearned premiums
1335 EN 1335       EN          Unguaranteed residual value



1336 EN 1336       EN          uniform accounting policies




1337 EN 1337       EN          unit of account



1338 EN 1338       EN          unit of production


1339 EN 1339       EN          unit trust



1340 EN 1340       EN          unit value
1341 EN 1341       EN          Uniting of interests




1342 EN 1342       EN          unit-linking feature



1343 EN 1343       EN          Unquoted
1344 EN 1344       EN          unquoted equity instruments




1345 EN 1345       EN          unrecognised




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1346 EN 1346       EN          unrecognised financial instruments



1347 EN 1347       EN          unsecured commercial loans



1348 EN 1348       EN          Upstream transactions

1349 EN 1349       EN          Useful life



1350 EN 1350       EN          User [of financial statements]
1351 EN 1351       EN          users

1352 EN 1352       EN          Users of financial statements



1353 EN   1353     EN          Valid expectation
1354 EN   1354     EN          valuation
1355 EN   1355     EN          valuation method
1356 EN   1356     EN          valuation technique




1357 EN 1357       EN          Value added statement
1358 EN 1358       EN          Value in use



1359 EN 1359       EN          value-at-risk




1360 EN 1360       EN          Variable production overheads



1361 EN 1361       EN          Venturer

1362 EN 1362       EN          vest
1363 EN 1363       EN          Vested employee benefits

1364 EN 1364       EN          vesting conditions
1365 EN 1365       EN          vesting period



C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1366 EN 1366       EN          voting rights
1367 EN 1367       EN          Warrant

1368 EN 1368       EN          Warranty
1369 EN 1369       EN          warranty obligation



1370 EN 1370       EN          wash sale


1371 EN 1371       EN          wear and tear




1372 EN 1372       EN          weather derivatives
1373 EN 1373       EN          Weighted Average




1374 EN 1374       EN          weighted average cost formula




1375 EN 1375       EN          wholly-owned subsidiary




1376 EN 1376       EN          willing parties
1377 EN 1377       EN          work in progress


1378 EN 1378       EN          Working capital
1379 EN 1379       EN          worst-case scenario


1380 EN 1380       EN          write off




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1381 EN 1381       EN          write-down




1382 EN 1382       EN          Written option




1383 EN 1383       EN          Year-to-date



1384 EN 1384       EN          zero-cost interest rate collar




1385 EN 1385       EN          zero-coupon government issues
1386 EN 1386       EN          ‘public-to-private’ service concession arrangement



1387 EN 1387       EN          aggregation criteria



1388 EN 1388       EN          build-operate-transfer



1389 EN 1389       EN          capping mechanism


1390 EN 1390       EN          Chief operating decision maker




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1391 EN 1391       EN          competitive harm exemption



1392 EN 1392       EN          construction or upgrade services




1393 EN 1393       EN          conversion factor


1394 EN 1394       EN          country of domicile
1395 EN 1395       EN          deferred policy acquisition costs




1396 EN 1396       EN          fiduciary capacity
1397 EN 1397       EN          grantor




1398 EN 1398       EN          Group and Treasury Share Transactions

1399 EN 1399       EN          historical waste


1400 EN 1400       EN          Interim Financial Reporting and Impairment

1401 EN 1401       EN          intragroup payment arrangement


1402 EN 1402       EN          level of serviceability

1403 EN 1403       EN          Liabilities arising from Participating in a Specific
                               Market—Waste Electrical and Electronic Equipment

1404 EN 1404       EN          management approach



1405 EN 1405       EN          Matrix form of organisation


1406 EN 1406       EN          non-cash items

1407 EN 1407       EN          not-for-profit organizations




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1408 EN 1408       EN          Operating decisions

1409 EN 1409       EN          Operating Segments




1410 EN 1410       EN          operator



1411 EN 1411       EN          public accountability



1412 EN 1412       EN          public sector




1413 EN 1413       EN          Publish What You Pay campaign




1414 EN 1414       EN          quantitative thresholds
1415 EN 1415       EN          Reassessment of Embedded Derivatives


1416 EN 1416       EN          rehabilitate-operate-transfer



1417 EN 1417       EN          restricted shares




1418 EN 1418       EN          risk of divergence




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1419 EN 1419       EN          Segment manager




1420 EN 1420       EN          Service Concession Arrangement

1421 EN 1421       EN          surrogate measure




1422 EN 1422       EN          whole of life infrastructure



1423 EN 1423       EN          customer loyalty programmes
1424 EN 1424       EN          incentives



1425 EN 1425       EN          award credits



1426 EN 1426       EN          consensus
1427 EN 1427       EN          judgement




1428 EN 1428       EN          accounting arbitrage


1429 EN 1429       EN          allocation method

1430 EN 1430       EN          customer relationship intangible assets

1431 EN 1431       EN          The Limit on a Defined Benefit Asset, Minimum
                               Funding Requirements and their Interaction
1432 EN 1432       EN          minimum funding requirement



1433 EN 1433       EN          refund or a reduction in future contributions




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1434 EN 1434       EN          surplus in the plan




1435 EN 1435       EN          minimum funding contributions




1436 EN 1436       EN          wind-up


1437 EN 1437       EN          Onerous minimum funding requirements

1438 EN 1438       EN          other comprehensive income



1439 EN 1439       EN          Total comprehensive income




1440 EN 1440       EN          Reclassification adjustments



1441 EN 1441       EN          statement of financial position
1442 EN 1442       EN          statement of comprehensive income




1443 EN 1443       EN          end of the reporting period
1444 EN 1444       EN          owner
1445 EN 1445       EN          complete set of financial statements



1446 EN 1446       EN          debt-to-adjusted capital ratio

1447 EN 1447       EN          owner changes in equity

1448 EN 1448       EN          non-owner changes in equity




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1449 EN 1449       EN          General purpose financial statements




1450 EN 1450       EN          equal prominence


1451 EN 1451       EN          Other components of equity
1452 EN 1452       EN          property revaluation
1453 EN 1453       EN          acquisition method


1454 EN 1454       EN          contingent consideration


1455 EN 1455       EN          deficit balance

1456 EN 1456       EN          finder’s fees


1457 EN 1457       EN          former subsidiary


1458 EN 1458       EN          indemnification assets



1459 EN 1459       EN          investment retained


1460 EN 1460       EN          like transactions and events in similar circumstances




1461 EN 1461       EN          loss of control


1462 EN 1462       EN          multiple arrangements


1463 EN 1463       EN          non-controlling interests


1464 EN 1464       EN          obtaining or losing control




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1465 EN 1465       EN          owners




1466 EN 1466       EN          partial disposal
1467 EN 1467       EN          reacquired rights



1468 EN 1468       EN          share-based payment awards


1475 EN 1475       EN          Hedges of a Net Investment in a Foreign Operation

1476 EN 1476       EN          intermediate or ultimate parent entity




1477 EN 1477       EN          foreign currency translation reserve (FCTR)




1478 EN 1478       EN          lower level parent




1479 EN 1479       EN          higher level parent entity



1480 EN 1480       EN          step-by-step method




1481 EN 1481       EN          spot foreign exchange risk




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1482 EN 1482       EN          Agreements for the Construction of Real Estate

1483 EN 1483       EN          to market individual units 'off plan'




1484 EN 1484       EN          contractual completion


1485 EN 1485       EN          accounting for revenue and associated expenses



1486 EN 1486       EN          agreements in progress

1487 EN 1487       EN          Eligible Hedged Items

1488 EN 1488       EN          purchased option hedging instrument




1489 EN 1489       EN          Distributions of Non-cash Assets to Owners

1490 EN 1490       EN          non-cash assets



1491 EN 1491       EN          cash alternative




1492 EN 1492       EN          non-reciprocal distributions of assets


1493 EN 1493       EN          non-current assets (or disposal groups) as held for
                               distribution to owners


1516 EN       1516 EN          Transfers of Assets from Customers
1517 EN       1517 EN          outsourcing provider



1518 EN       1518 EN          ongoing access




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


1519 EN       1519 EN          assessing control



1520 EN       1520 EN          Financial Instruments: Presentation
1521 EN       1521 EN          Group Cash-settled Share-based Payment
                               Transactions
1522 EN       1522 EN          Additional Exemptions for First-time Adopters




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5



                 Term in Czech                  Source (term not unique
                                                      to reference)
Aplikační příručka                              IAS 39
[Částka] splatná                                KT
Přepočet cizí měny                              KT
rozpětí                                         KT



údaje z pozorovatelných trhů                    IFRS 7 IG


Metoda 'porizovaci cena prodeju'                KT
přiměřená aproximace                            IFRS 7 BC



Přijatelné podle IFRS                           IFRS 1




metoda hodnoty v riziku, value at risk          IFRS 7




Odpovědnost vedení                              IFRS 1




Účetnictví                                      KT
Penzijní plány                                  IAS 26

Účetní odhad                                    KT
Vykazování státních dotací a zveřejňování       IAS 20
státní podpory
Vykazování zásob



Vykazování investic v přidružených podnicích IAS 28

účetní výnos/zisk/příjem (dle kontextu)         KT
Účetní model                                    KT
Účetní období                                   KT
Účetní pravidla, změny v účetních odhadech      IAS 8
a chyby


C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Účetní pravidla/účetní zásady/účetní postupy KT


Účetní zásady/principy                             KT
Účetní zisk                                        KT

Účetní záznam                                      KT
Účetní přístup / Účetní řešení                     KT
pohledávky                                         KT
akruální báze                                      KT
akruální účetnictví, účetnictví na akruální bázi   KT




akruální závazky                                   KT
Kumulované odpisy (oprávky), kumulovaný            IFRS 1
úrok, kumulovaný výsledek



Kumulovaný výsledek                                KT
Kumulované kompenzované absence                    KT


Dosáhnout srovnatelnosti                           IFRS 1




získaná jednotka                                   IFRS 3
získaný goodwill/nabytý goodwill                   IFRS 3
získaný v podnikové kombinaci (získaný v           IFRS 3
rámci podnikové kombinace)
nabývaná společnost                                KT
Nabyvatel                                          KT
Akvizice                                           KT




datum akvizice                                     IFRS 3
Aktivní trh                                        KT




aktivní použití                                    IFRS 5



C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


aktivně nabízený k prodeji                     IFRS 5
Pojistně-matematické předpoklady               KT



Pojistně-matematické zisky a ztráty            KT




Pojistně-matematická současná hodnota          KT
přislíbených penzijních požitků


Pojistně-matematické ocenění                   KT
Pojistně-matematická metoda ocenění            KT
Další srovnatelné údaje                        IFRS 1




Dodatečná odměna/plnění                        KT
Další zveřejnění                               IFRS 5
Upravit o konsolidační postupy                 IFRS 1




Upravený vážený průměr počtu akcií             IAS 33
Upravující událost [po rozvahovém dni]         KT
úprava                                         IFRS 5
Správní, administrativní náklady               KT
Vstupné                                        KT
Záloha                                         KT
nežádoucí ekonomické důsledky                  IFRS 2
nepříznivá událost                             IFRS 4
Částka po zdanění                              IAS 33




Agentura                                       KT
Souhrnný                                       KT
Souhrn                                         KT
Datum smlouvy                                  IFRS 3




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Zemědělská činnost                             IAS 41




Zemědělská produkce                            KT

Zemědělství                                    IAS 41
Přidělení/alokace                              KT
snížení/srážka/sleva/opravná položka           KT
účet opravných položek




Povolené alternativní řešení                   KT
Americká opce na akcie                         IFRS 2
Odpisy nehmotných aktiv                        KT




odpisová metoda                                KT
Doba odepisování nehmotných aktiv              KT
Zůstatková hodnota                             IFRS 1




zůstatková hodnota finančního aktiva nebo      KT
finančního závazku




hodnota zásob                                  IAS 2




Splatná částka                                 IFRS 3



C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Částka na akcii                                 IAS 33


Částky vykázané/uznané [v rozvaze a             KT
výsledovce]
Analýza                                         KT
roční dovolená                                  KT / IAS 19
Roční období                                    IAS 33


důchodce, příjemce dávky                        IFRS 4
anuitizace                                      IFRS 4
anuita                                          IFRS 4
Antiředění                                      IAS 33




Antiředící                                      IAS 33



Dodatek                                         KT
Aplikace požadavků                              IFRS 1
doplněk žádosti                                 IFRS 3
Hodnocení/oceňování                             IFRS 3
nespřízněná transakce                           KT
nabídková cena prodávajícího                    KT
stanovit/určit/posoudit                         KT
Aktivum/majetek                                 KT


směna aktiv                                     IAS 16




získaná aktiva                                  IFRS 1




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                             Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


aktiva držená fondem dlouhodobých
zaměstnaneckých požitků




aktiva vyřazená z aktivního využití               IFRS 5
Přidružený podnik                                 KT


Zpráva auditora                                   IFRS 1




Autorizace [účetní závěrky k vydání]              KT
Realizovatelná finanční aktiva                    KT



Rozvaha                                           KT
Rozvahový den                                     KT
Závazková metoda rozvahového přístupu             KT
Bankovní / banka                                  KT



Kontokorentní úvěr                                KT
úpadek/bankrot/ v konkurzu                        KT
výhodný nákup [nebo] nákup za sníženou            IFRS 3
cenu
základní ukazatel zisku na akcii                  KT




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


úprava báze                                    IAS 39




zdůvodnění závěrů, důvodová zpráva             IFRS 1
bazický bod                                    IFRS 7B



Vzorové řešení                                 KT
výhodné smlouvy                                IFRS 3
požitek/prospěch                               KT




příslib požitku                                IFRS 1




přínos pro uživatele, prospěch pro uživatele   IFRS 1

Nejlepší odhad                                 KT
Zaujatost                                      KT
dluhopisy nabídnuté k prodeji                  KT
cena nabídky/nabízená cena                     KT
rozpětí mezi nabídkovou a poptávkovou          IAS 39
cenou



Závazná prodejní smlouva                       KT
binomický                                      IFRS 2
biologické aktivum                             KT



C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Biologická transformace                        KT


Black-Scholes-Mertonův vzorec                  IFRS 2
představenstvo                                 KT
prémiová emise                                 IAS 33

plán požitků (zaměstnaneckých)                 KT
portfolio smluv                                IFRS 4
Účetní hodnota                                 KT
Výpůjční náklady                               KT / IAS 23

test "zdola nahoru"                            KT
podnikání / podnik                             IFRS 3
Podniková kombinace                            KT



podniková kombinace zahrnující                 IFRS 3
spoluovládané účetní jednotky nebo
podnikatelské činnosti
Podnikové kombinace                            IFRS 3
Podnikové kombinace – „Datum směny“ a          SIC-28
reálná hodnota kapitálových nástrojů
Podnikové kombinace – klasifikované jako       SIC-9
akvizice nebo spojení podílů
Podnikové kombinace – následné úpravy          SIC-22
reálných hodnot a původně vykázaného
goodwillu
Oborový segment                                KT




Podnikatelská jednotka                         KT
Nákupní segment                                KT
Vedlejší produkt                               KT
Opce na nákup                                  KT
Svolatelný                                     KT
Horní limit, strop                             KT
model limitování a obchodování                 IFRIC 3



Kapitál pro regulační účely                    KT




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


kapitálové zhodnocení                          IAS 40



Model oceňování kapitálových aktiv             KT
Kapitálový vklad                               KT
výdaje na dlouhodobá hmotná a nehmotná         KT
aktiva
Kapitálový zisk/výnos/zisk z prodejej aktiv    KT
Uchování kapitálu/zachování majetkové          KT
podstaty
Úpravy zabezpečující uchování kapitálu         KT
Aktivace                                       KT
aktivace úroku                                 KT
zastropovaná úroková sazba                     IFRS 7 IG


vedení/vyjádření/účtování/vykázání v           KT
pořizovací ceně
převedení/přenesení (do dalšího období)        KT
Účetní hodnota                                 KT



Peněžní prostředky                             KT




Báze peněžních toků/peněžní báze               KT
Peněžní ekvivalenty                            KT



Peněžní tok                                    KT




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


zajištění peněžních toků                        IAS 32



Riziko peněžních toků                           KT


Výkaz peněžních toků = výkaz o peněžních        KT
tocích
Výkazy peněžních toků                           IAS 7
Penězotvorná jednotka                           KT



Peněžní přítok                                  KT
Peněžní hotovost                                KT
Peněžní odtok                                   KT
Peněžní platby/úhrady                           KT
ekvivalent ceny v hotovosti                     IAS 16



Peněžní příjmy                                  KT
odkupní hodnota pojistky                        IFRS 4
akciové opce vypořádané v hotovosti             IAS 32
úhrady vázané na akcie s hotovostním            IFRS 2
vypořádáním
katastrofický dluhopis                          IFRS 4
rezervy pro případ katastrof                    IFRS 4
postupitel                                      IFRS 4
Vkladové certifikáty                            KT
ukončení/zastavení(aktivace)                    KT
Generální ředitel                               KT
Nárok                                           KT
Přednostní/prioritní akcie třídy A              IAS 33


třída aktiv                                     KT

třída finančních aktiv                          IAS 32




třída pozemků, budov a zařízení                 IAS 16


Klasifikace                                     KT
Klasifikace finančních nástrojů – ustanovení    SIC-5
o podmíněném vypořádání




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


klasifikace zásob                               IAS 2



"clean-up call" opce na prodej zbytku           IAS 39




blízcí příbuzní určité osoby                    IAS 24



Uzavírací tržní ceny                            IAS 33




závěrkový kurz/kurz k rozvahovému dni           KT

collar                                          IAS 32




Kolaterál (zajištění, zástava)                  KT
Zajištěné (aktivum, půjčka)                     KT
inkasovatelnost                                 KT
Inkaso                                          KT
kolektivní známky                               IFRS 3 I.E.
kolektivní oprávnění                            IFRS 3
kombinovaný nástroj                             IAS 39




zahájení/začátek                                KT
zahájení [počátek] doby leasingu                IAS 17


obchodní úvěry                                  IFRS 7 IG



obchodní cenné papíry                           IFRS 7 IG




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                             Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


komerční podstata                                 IAS 16




komerčně realizovatelné množství                  IFRS 6
nerostných zdrojů



Provize                                           KT
závazek(povinnost)/příslib                        KT
Komodita                                          KT
Srovnatelnost                                     KT
Srovnatelnost v čase                              IFRS 1


Srovnatelné mezitímní období                      IFRS 1



Srovnatelná rozvaha                               IFRS 1


Srovnatelné informace                             KT
Placená volna                                     KT
doplňková aktiva                                  IFRS 3
Úplnost                                           KT
rozhodné období                                   IFRIC 3

Soulad s Mezinárodními účetními standardy         KT

prvek/část/součást/komponenta                     KT
Složené finanční nástroje                         KT
Složený nástroj                                   KT


Koncentrace (úvěrového atd.) rizika               KT
hladina pravděpodobnosti (na které se             IFRS 7B
provádí VaR)




charakteristika peněžních toků                    IAS 16



následná úprava                                   IFRS 1




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


odměna / úhrada / protiplnění / protihodnota   IAS 16




Konzistence - alternativní metody              SIC-18
Konzistence - Aktivace výpůjčních nákladů      SIC-2
Konzistence - různé nákladové vzorce pro       SIC-1
zásoby
Konsolidovaná a individuální účetní závěrka    IAS 27

Konsolidovaná rozvaha                          IFRS 1




Konsolidovaná účetní závěrka                   KT

Konsolidovaná účetní závěrka a investice do    IAS 27 [old title]
dceřiných podniků
Konsolidovaná skupina                          KT
Konsolidace                                    KT
konsolidační úpravy                            IFRS 3
Konsolidace a ekvivalenční metoda –            SIC-33
potenciální hlasovací práva a přiřazení
vlastnických podílů
Konsolidační účely                             IFRS 1




Konsolidace – jednotky zvláštního určení       SIC-12
Smlouva o zhotovení                            KT




 Smlouvy o zhotovení                           IAS 11




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


mimosmluvní závazek(povinnost)                 KT




podmíněnost (nejistota)                        KT
Podmíněné aktivum                              KT




podmíněný závazek                              KT




Podmíněný nájem                                KT




ustanovení o podmíněném vypořádání             IAS 32


Dohoda o podmíněné emisi (vydání) akcií        IAS 33


Podmíněně emitovatelné akcie                   IAS 33



Přetrvávající angažovanost                     IAS 39



Pokračující činnosti                           IAS 33




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Smlouva                                        KT




Smlouva, která může být vypořádána             IAS 33
(kmenovými) akciemi nebo hotově
Smluvní uspořádání/ujednání                    KT
smluvní peněžní toky                           IAS 39




analýza (nástrojů) podle smluvně sjednané      IFRS 7B
splatnosti
smluvní závazek                                IFRS 4
smluvní práva                                  IFRS 4
Příspěvek/vklad                                KT
přispěvatel                                    IFRIC 5


kontrola / ovládání                            IAS 27


Ovládání (aktiva)                              KT

Ovládání (podniku)                             KT


Kontrolní číslo                                IAS 33



řízená / ovládaná jednotka                     IFRS 3
převod "pro pohodlí"                           IAS 21




Konvergence                                    IAS 33 IN, BC




konverzní opce                                 KT
Konvertibilní dluhopisy                        KT




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Konvertibilní dluh                              IAS 33



Konvertibilní nástroje                          IAS 33




Konvertibilní preferenční akcie                 IAS 33



družstvo / družstevní (účetní jednotka)         IFRIC 2



Copyright                                       KT
základní goodwill                               IFRS 3 BC
Celopodniková aktiva                            KT


pořizovací cena/výdaje související s nabytím KT
aktiva/náklady na pořízení aktiva/pořizovací
náklad

Nákladový vzorec                                KT
Metoda oceňování pořizovacími náklady           KT




model pořizovací ceny                           IAS 16



Pořizovací cena akvizice                        KT




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Pořizovací cena aktiv získaných směnou           KT
nebo částečnou směnou za odlišná aktiva


Pořizovací cena aktiv získaných směnou           KT
nebo částečnou směnou za podobná aktiva




Pořizovací cena investice                        KT
Náklady na přeměnu                               KT




Pořizovací cena zásob                            KT


Pořizovací cena zásob u poskytovatelů            IAS 2
služeb


Pořizovací cena                                  KT




Smluvní cena vyjádřená náklady a přirážkou KT



Metoda oceňování pořizovacími náklady a          KT
přirážkou
Ocenění reprodukční cenou                        IFRS 1




Ocenění na základě pořizovací ceny               KT

náklady na přeměnu                               IAS 2


Náklady pozbytí                                  KT


Náklady na úpravy stávajícího programového SIC-6
vybavení



C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


prodejní náklady                                 IFRS 5
protistrana                                      IAS 32



země registrace nebo sídla                       IAS 27




kupon                                            IFRS 7 IG


úvěrový derivát vázaný na selhání dlužníka       IFRS 4
úvěrová posílení                                 IFRS 7




úvěrové angažovanosti                            IAS 32


Úvěrové produkty/nástroje                        KT
úvěrová pojistná smlouva                         IFRS 4
úvěrová kvalita                                  IFRS 7IG
Úvěrové riziko                                   KT


úvěrová marže/úvěrové rozpětí                    IAS 39




Věřitelé                                         KT
kreditní kvalita, úvěruschopnost                 KT
kritéria pro vykázání                            IFRS 3
křížový odkaz                                    IFRS 7B




kumulované rozdíly z přepočtu cizí měny          IFRS 1




kumulativní přednostní dividendy                 KT
Kumulativní rozdíly z přepočtu                   IFRS 1




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Měnové riziko                                  KT


přepočet cizí měny                             KT
Měnová jednotka/peněžní jednotka               KT
Krátkodobé aktivum/oběžné aktivum              KT




Běžná cena                                     KT




Přístup oceňování v běžných cenách             KT




Krátkodobá investice                           KT
Krátkodobé závazky                             KT



Náklad na běžnou službu                        KT


Splatná daň                                    KT


Krácení                                        KT




rezerva                                        IFRS 3
seznam zákazníků                               IFRS 3
databáze                                       IFRS 3
Datum akvizice                                 KT


datum směny                                    IFRS 3
Datum přechodu k IFRS                          IFRS 1




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                         Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Obchodované cenné papíry                      KT
náhrada při úmrtí                             IFRS 4
Dluh                                          KT
Dluhový nástroj                               KT
dluhové cenné papíry                          KT
rozhodovací strom                             KT
Informace užitečná při rozhodování            IFRS 1

odstavování, vyřazování z provozu,            IFRIC 5
demontáž




demontážní náklady                            IFRIC 5




demontážní fondy                              IFRIC 5




závazky z titulu demontáže                    IFRIC 5



fondy vytvořené na demontáž, ukončení         IFRIC 5
provozu, uvedení do původního stavu a
ekologickou likvidaci




Odčitatelný přechodný rozdíl                  KT




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Domnělá pořizovací cena                        IFRS 1




Odložit                                        KT
Metoda odložení                                KT
odložená pořizovací cena akvizice              IFRS 4
Odložená daň                                   IFRS 1


Odložené daňové pohledávky                     KT




odložený daňový výnos                          IFRS 3
Odložené daňové závazky                        KT

Závazek z definovaných požitků                 KT




Závazek z definovaných požitků                 KT



Závazek z definovaných požitků (v současné KT
hodnotě)
Plány definovaných požitků                 KT

Plány definovaných příspěvků                   KT




Vklady na požádání                             KT
splatnost na požádání                          IAS 39
Delimitace/rozdělení                           KT




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                         Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Prokazatelně zavázán                          KT




Vykazování vkladů                             IFRS 4
depozitní komponenta                          IFRS 4
Odepisovatelná částka                         KT


Odpisovatelná aktiva                          KT
metoda zůstatkových (amortizovaných)          IAS 16
nákladů náhrady




odpisy hmotných aktiv                         KT

Odpisové metody                               IFRS 1




Odúčtování (finančního nástroje)              KT


Odúčtování/vynětí z rozvahy                   KT
Derivátový / derivát                          KT




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


derivátové prvky                                 IAS 32




Derivátové finanční nástroje                     KT




deklarovaný a efektivní zajišťovací nástroj      IAS 39




určení pořizovací ceny                           IAS 2



Určení, zda smlouva obsahuje leasing             IFRIC 4




Vývoj                                            KT




Náklady na vývoj                                 KT
ukazatel zředěného zisku na akcii                KT




Zředění                                          IAS 33




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                         Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Ředicí vliv                                   IAS 33




Ředící potenciální kmenové akcie              KT



metoda snižujícího se základu                 IAS 16

přímá pojistná smlouva                        IFRS 4
Přímé osobní náklady                          KT
Přímá metoda vykazování peněžních toků z      KT
provozních činností
Přímé provozní náklady                        IAS 40


přímo přiřaditelné                            IFRS 3
Ředitelé/manažeři                             KT
rozčleněné informace                          IFRS 7B



Zveřejnit                                     KT
Zveřejňování                                  KT
Zveřejňování a vykazování                     IFRS 1

Zveřejnění státní podpory                     KT
požadavek zveřejnění                          IFRS 3
Zveřejnění v účetních závěrkách bank a        IAS 30
obdobných finančních institucí
Zveřejňování - ujednání o poskytování         SIC-29
licencovaných služeb
Ukončené (činnosti)                           KT




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


ukončované činnosti                             IFRS 3 B.C., IFRS 5 B.C.




Diskontní sazba                                 KT
diskontovaný základ                             IFRS 4
Diskontování                                    KT
prvky dobrovolné účasti                         IFRS 4
protihodnota pozbytí                            KT
vyřazovaná skupina                              IFRS 3
plán vyřazení                                   IFRS 5
transakce vyřazení                              IFRS 5
nesouhlasné stanovisko                          IFRS 3
Dividendový výnos                               KT
Dividendy                                       KT


název domény                                    IFRS 3
pochybné pohledávky                             IAS 24




transakce/operace po vlastnické ose dolů        KT

společnost s dvojí registrací                   IFRS 3
smlouva se dvojím spuštěním                     IFRS 4
dřívější použití se podporuje                   IAS 33
Zisky                                           KT
Zisky - zředěné                                 KT
Zisková nejistota                               IAS 33 IE



Zisk na akcii                                   IAS 33
Zisk na akcii - Finanční nástroje a jiné        SIC-24
smlouvy, které mohou být vypořádány
akciemi




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Ekonomický prospěch/ekonomické užitky          IFRS 1



potřeby ekonomického rozhodování uživatelů IFRS 6




Ekonomická životnost                           KT



Dopad předpokládané konverze                   IAS 33
Datum účinnosti                                KT
Metoda efektivní úrokové sazby                 KT




efektivní úroková sazba                        IAS 39




Dopady změn měnových kurzů                     IFRS 1




Součást pořizovací ceny aktiv z průzkumu a     IFRS 6
vyhodnocení


Způsobilý k aktivaci                           KT
Vyloučení nerealizovaných zisků a ztrát z      SIC-3
transakcí s přidruženými podniky




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                              Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Vložený derivát                                    KT




emisní práva                                       IFRIC 3


Zaměstnanecké požitky                              KT

Plán zaměstnaneckých akcií                         KT
plán nákupu zaměstnaneckých akcií                  IFRS 2
Míra fluktuace zaměstnanců                         IFRS 1




zaměstnanci a jiné osoby poskytující               IFRS 2
podobné služby
Srážky daně ze mzdy a příspěvky na                 KT
pojištění placené zaměstnavatelem
Uplatnění                                          KT
vynucení smluv                                     IFRS 7 IG



Rozšířené zveřejnění                               IFRS 1

Podnik                                             KT
Podniky, jejichž akcie (ne) jsou veřejně           KT
obchodované
Účetní jednotka                                    KT
hodnota specifická pro určitou jednotku            IAS 16




závazky ve vztahu k životnímu prostředí            IFRS 5
vyrovnávací rezervy                                IFRS 4
Vlastní kapitál                                    KT
Náklady na transakce s vlastním kapitálem          SIC-17

investice účtovaná ekvivalenční metodou            IFRS 3
Ekvivalenční metoda – uznání ztrát                 SIC-20

zůstatky vlastního kapitálu                        IFRS 3
Vlastní kapitál                                    KT




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                             Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Odměny vázané na vlastní kapitál (=akciové KT
zaměstnanecké odměny)




Plány odměn vázané na vlastní kapitál             KT
(=plány akciových odměn)

Kapitálová složka                                 IFRS 1




akcionáři                                         IFRS 3
kapitálový index                                  IFRS 4
Kapitálový nástroj                                KT


udělený kapitálový nástroj                 IFRS 2
podíly na vlastním kapitálu                IFRS 3
vydání/emise kapitálového nástroje         IFRS 3
metoda uvedení do ekvivalence/ekvivalenční KT
metoda




Majetkové cenné papíry                            KT
platby vázané na akcie vypořádané kapitálovými    IFRS 2
nástroji
odhadované náklady                                IAS 2



odhadované budoucí peněžní toky                   IFRS 3
Evropská opce na akcie                            IFRS 2
Vyhodnocování podstaty transakcí                  SIC-27
uzavřených právní formou leasingu
Stanovení reálné hodnoty na základě               IFRS 1
událostí

Události po rozvahovém dni                        IAS 10




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


události po rozvahovém dni                     KT




důkaz o snížení hodnoty                        IAS 39




Kurzové rozdíly                                KT


Směna aktiv                                    KT
Měnový kurz                                    KT
Měnová transakce                               IAS 40




zmařená smlouva                                KT
Osvobození / výjimky                           IFRS 1



Datum uplatnění                                KT
Uplatnění práv                                 IAS 33


Realizační cena                                KT
existující závazek                             IFRS 3
Očekávaná hodnota, střední hodnota             KT
Výdaje                                         KT
Náklady (provozních činností)                  KT




empirický účet                                 IFRS 4 IG
korekce(oprava) na základě zkušenosti          KT




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Lhůta platnosti                           KT
Výslovné a bezvýhradné prohlášení o shodě IFRS 1



aktiva z průzkumu a vyhodnocení                 IFRS 6



výdaje na průzkum a vyhodnocení                 IFRS 6




průzkum a vyhodnocení nerostných zdrojů         IFRS 6




Zveřejněný návrh                                KT
vyvlastnění důležitých aktiv                    IFRS 5
Mimořádné položky                               KT



Zveřejnění (v účetních výkazech nebo            KT
komentáři)
Věrné zobrazení                                 KT
Reálná hodnota                                  KT




zajištění reálné hodnoty                        IAS 39
Ocenění reálnou hodnotou                        IFRS 1



Důvěryhodné zobrazení                           KT
Poplatky                                        KT
Sesterský podnik                                KT
pojistka pro případ zneužití důvěry             IFRS 4




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                         Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


fiduciární činnosti                           IFRS 7



FIFO                                          KT




Vzorec FIFO                                   KT
Finanční leasing                              KT


Závazky z finančního leasingu                 IFRS 1



Finanční aktivum                              KT




finanční aktivum nebo finanční závazek v      IAS 39
reálné hodnotě vykázaný výsledkově


Finanční aktivum nebo finanční závazek        KT
určený k obchodování




Finanční kapitál                              KT
finanční konglomerát                          IFRS 7 BC


Finanční záruka                               KT



C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                         Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Finanční instituce                            KT
Finanční nástroje                             KT


Finanční nástroje: zveřejňování a vykazování IAS 32

finanční nástroje:účtování a oceňování        IAS 39

Finanční závazek                              KT




Finanční výkonnost                            KT




Finanční situace                              KT


Účetní výkaznictví                            KT
Vykazování v hyperinflačních ekonomikách      IAS 29

Vykazování účastí ve společném podnikání      IAS 31

Finanční rozbor                               KT
finanční riziko                               IFRS 4
Účetní závěrka                                KT




vykazování údajů kumulativně od počátku       KT
roku
Financování                                   KT


Nástroj/prostředek financování                KT
Hotové výrobky                                KT
Závazný, pevný příslib                        KT


Závazný příslib koupě                         IFRS 5
pevné prodejní smlouvy                        IAS 2




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


První účetní závěrka v souladu s IFRS          IFRS 1



první dovnitř, první ven                       KT
společnost přecházející na IFRS poprvé         IFRS 1




První přijetí                                  IFRS 1


První přijetí Mezinárodních standardů          IFRS 1
účetního výkaznictví
První aplikace                                 IFRS 1




První aplikace IAS jako primárního konceptu SIC-8
účetnictví
dlouhodobé aktivum                          KT
pevný kupon                                 IFRS 7IG




Smlouva s pevnou cenou                         KT



Fixní výrobní režie                            KT




plochá výnosová křivka                         IFRS 7 IG




pohyblivá sazba                                KT
floor/dolní limit                              KT
Předpověď                                      KT




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


očekávaná transakce                            IAS 39




Cizí měna                                      KT

měnové deriváty                                IAS 21


Měnová transakce                               KT

Zahraniční subjekt                             KT

Aktivace kurzových ztrát ze silné devalvace    SIC-11
měny
Měnový kontrakt                                KT
Měnové kurzy                                   IFRS 1




Zahraniční jednotka                            KT



Odpustitelné půjčky                            KT

Forwardová smlouva                             KT
dohody o budoucím zpětném odkupu               IAS 39
koncepční rámec                                KT
Koncepční rámec pro sestavení a zveřejnění
účetní závěrky
Koncesní poplatek                              KT
Účel nákladů                                   KT
funkční měna                                   IAS 21



Zásadní chyby                                  KT




Zásadní chyby a změny v účetních pravidlech IAS 8




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


financování                                      KT



Budoucí peněžní tok                              KT
Budoucí ekonomický prospěch                      KT




Smlouva typu futures                             KT
Všeobecně přijímané účetní zásady                IFRS 1


Přínos/zisk z vyřazení                           KT
Přínosy/zisky                                    KT

obecný přístup k oceňování podle kupní síly      KT


obecná zásada pro vykázání                       IAS 16




Územní segmenty                                  KT




(Předpoklad) Trvání podniku                      KT




Goodwill                                         KT



řídící(správní)orgán společnosti                 IFRIC 2


řídící orgán                                     IFRS 3
stanovy (účetní jednotky)                        IFRIC 2




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Vláda/stát                                      KT

Státní podpora/vládní podpora                   KT


Státní podpora – bez specifické vazby k         SIC-10
provozním činnostem
Státní dotace                                   KT




státní záruka                                   IAS 2




datum udělení                                   IFRS 2
Dotace na pořízení aktiv                        KT




Dotace vztahující se k výnosům                  KT

Hrubá investice do leasingu                     KT



Hrubá marže                                     KT
Hrubý zisk                                      KT
Skupina                                         KT
Skupinové plány (zaměstnaneckých požitků)       KT




skupinová pojistná smlouva                      IFRS 4
Skupina aktiv                                   KT
Skupina biologických aktiv                      KT
Klasifikace aktiv                               KT
Záruka                                          KT
záruční fond                                    IFRS 4



C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                         Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Zaručená zůstatková hodnota                   KT




Harmonizovat                                  KT
Sklizeň                                       KT


Zajišťovací účetnictví                        IFRS 1




Účinnost zajištění                            KT


Zajištěná položka                             KT




Zajištění (Hedging)                           KT



Zajišťovací nástroj                           KT




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Zajišťovací vztah                               IFRS 1




Fond ze zajištění                               IFRS 1
drženo (určeno) k dalšímu prodeji               IAS 2



Drženo (určeno) k obchodování                   KT
Investice držené do splatnosti                  KT




vysoce pravděpodobné                            IFRS 5
Smlouva o koupi na splátky                      KT




Historické náklady/cena                         KT




ztráty dle historických zkušeností              IAS 39




Historické souhrny                              IFRS 1


Holding                                         KT
Hlavní (hostitelská) smlouva                    KT
Hlavní (hostitelský) nástroj                    IFRS 4
hybridní nástroj                                IAS 39




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Hyperinflace                                     KT




Hyperinflační ekonomika                          KT
IAS
IASC
Stanovy Nadace IASC
IASCF
Identifikovatelná aktiva                         KT
IFAC
IFRIC
IFRS
Ve shodě s IFRS                                  IFRS 1




Snížení hodnoty                                  KT

Ztráta ze snížení hodnoty                        KT

Snížení hodnoty aktiv                            IFRS 1


Test snížení hodnoty                             IFRS 1

Implementační příručka                           IFRS 1

Dovozní cla                                      KT




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


osvobození z důvodů neproveditelnosti            IAS 8




neproveditelný                                   IAS 8


přisouzená (dosazená) úroková sazba              KT




V penězích                                       IAS 39




Zahájení leasingu                                IAS 17



Náhodný příjem/zisk                              KT
náhodné operace                                  IAS 16




výnos/zisk/důchod(příjem)                        KT




Výnosový přístup                                 KT
Výsledovka                                       KT
Daň ze zisku                                     KT
Daňový náklad                                    IFRS 5
Daně ze zisku                                    IAS 12
Daně ze zisku – změny v daňovém statutu          SIC-25
podniku nebo jeho akcionářů
Daně ze zisku – zpětná získatelnost              SIC-21
přeceněných neodepisovatelných aktiv




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Preferenční/prioritní akcie s rostoucí sazbou   IAS 33




přírůstek (zvýšení) počtu akcií                 IAS 33




Ukazatel [snížení hodnoty]               KT
Nepřímá metoda vykazování peněžních toků KT
z provozních činností




jednotlivé aktivum                              IFRS 5
individuální účetní závěrka                     IAS 40



vyvolaný převod                                 IAS 33



Odvětvové segmenty                              KT
Inflace                                         KT
Informace vyjadřující dopady měnících se        IAS 15
cen
výchozí klasifikace                             IFRS 5
Prvotní přímé náklady                           IAS 17


událost zakládající výchozí zveřejnění          BV 2003 Glossary
(ukončované činnosti)                           definition




Prvotní/výchozí ocenění                         KT




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Prvotní veřejná nabídka                        IFRS 1




Prvotní/výchozí                                KT
vykázání/rozpoznání/uznání/zachycení
v podstatě anulování                           IAS 39




pojistitelný úrok / zájem/účast/podíl          IFRS 4 BC
Zprostředkovatelská odměna pojišťovací         KT
agentury
pojistné aktivum                               IFRS 4
Pojišťovna                                     KT
pojistná smlouva                               IFRS 4
Pojistné smlouvy                               IFRS 4
Pojišťovna                                     KT
pojistný závazek                               IFRS 4
pojistné závazky                               IFRS 4
pojistné riziko                                IFRS 4
pojistné swapy                                 IFRS 4
pojistná událost                               IFRS 4
pojistitel                                     IFRS 4
Nehmotné aktivum                               KT



Nehmotná aktiva                                IAS 38
Nehmotná aktiva – náklady na webové            SIC-32
stránky
integrovaná zahraniční operace                 IAS 21




Úrok/podíl/ účast                              KT




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Úrokový náklad (na plán zaměstnaneckých        KT
požitků)

Implicitní úroková míra leasingu               KT




úroková míra implicitní v leasingu             IAS 17




úrokové riziko                                 KT


úrokový strip                                  IAS 39




úrokový swap                                   KT
vynětí úroků                                   IAS 39




podíly ve společných podnicích                 IAS 31
Mezitímní účetní závěrka                       KT



Mezitímní účetní výkaznictví                   IAS 34
mezitímní účetní závěrka                       IFRS 3
Mezitímní období                               KT

vnitřní výnosová míra                          IFRS 7B




interní přenos rizik                           IFRS 4




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


interně generováno, vytvořeno vlastní          IFRS 1
činností




goodwill vytvořený vlastní činností            KT
Mezinárodní účetní standard                    KT
Výbor pro mezinárodní účetní standardy         KT
Nadace výboru pro mezinárodní účetní
standardy
Mezinárodní federace účetních                  KT
Výbor pro interpretace mezinárodního
účetního výkaznictví
Mezinárodní standard účetního výkaznictví      IFRS 1




vnitroskupinový                                IAS 24



vnitřní hodnota                                IFRS 2
Zavedení eura                                  SIC-7
zásoby                                         KT




jednotka, do které se investovalo              IAS 28




Investiční činnosti                            KT


investice                                      KT
investiční smlouva                             IFRS 4
Investiční podnik/společnost                   KT




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


investiční stupeň                                IFRS 7 IG




Investiční výkonnost                             KT
Investice do nemovitostí                         IAS 40




Investiční cenné papíry                          KT

investiční daňové úspory, investiční daňové      KT
zápočty
pojistné fondy vázané na investice               IAS 28




Investice do přidružených podniků                IAS 28
Investor                                         KT
Investor ve společném podniku/podnikání          KT

organizace ve vlastnictví investora              IFRS 3
Nedobrovolná likvidace                           KT
Neodvolatelné přísliby                           IAS 24


emitovaný /vydaný kapitál                        KT
vydané akcie                                     IFRS 3
emitent                                          IFRS 3
Položka                                          KT
položkový přístup                                KT
položka zásob                                    IAS 2


Společna kontrola (Spoluovládání)                KT

Společný podnik/podnikání                        KT


Společná pracovní skupina                        KT
Spoluovládané jednotky – nepeněžní vklady        SIC-13
spoluvlastníka




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Spoluovládaná jednotka                           KT




jurisdikce                                       IFRS 3
člen vrcholového vedení                          IAS 24




poslední dovnitř, první ven                      KT
leasing                                          KT



doba trvání leasingu                             KT




zpětný leasing                                   IAS 16




aktiva na leasing                                KT
majetek držený na leasing                        IAS 40




Leasingy                                         IAS 17
právní subjekt/právnická osoba                   KT
Právní sloučení                                  KT




Právní závazek                                   KT


právní mateřský podnik                           IFRS 3
práva                                            IFRS 3
právní dceřiný podnik                            IFRS 3
Právně vymahatelný nárok                         KT



C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Legislativní požadavek                         KT
Půjčovatel/věřitel                             KT
Nájemce                                        KT
přírůstková výpůjční úroková sazba nájemce     IAS 17




Pronajímatel                                   KT
Akreditivy                                     KT
prodaná opce s pákovým efektem                 IFRS 7 IG


Převzaté závazky                               IFRS 1



Závazek                                        KT



Závazková komponenta                           IFRS 1




emise závazku                                  IFRS 3
Licenční poplatky                              KT
Licenční smlouva                               KT
roční příjem po střední dobu života            IFRS 4
LIFO




řádková položka                                KT
řada propojených činností/oblast podnikání     KT
Likvidní aktiva                                KT
Likvidita                                      KT


vykazování likvidity                           IFRS 5
riziko likvidity                               KT




Urovnání sporů                                 KT
Půjčka / úvěr                                  KT



C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


poskytnutý úvěr                                 IAS 39
úvěrový příslib                                 IFRS 3
Úvěry a zálohy                                  KT
Půjčky a pohledávky                             IAS 39



půjčky a pohledávky vytvořené podnikem          KT




úvěrové závazky                                 IFRS 7A

splatné úvěry v prodlení                        IFRS 7

Dlouhodobé zaměstnanecké požitky                KT
Dlouhodobá investice                            KT
událost vyvolávající ztrátu                     IAS 39




Ztráta na akcii                                 IAS 33


test uznání ztrát                               IFRS 4
Újmy/ztráty                                     KT

Většinový podíl                                 KT
Vedení společnosti/management                   KT
komentář vedení společnosti                     IFRS 7 BC



Marže                                           KT
tržní podmínky                                  IFRS 2
Tržní cena                                      IAS 33




tržní úroková sazba                             IAS 17




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                        Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Tržní riziko                                 KT




Tržní hodnota                                KT


Obchodovatelný                               KT
skryté práce                                 IFRS 3
Smlouva o celkovém/úplném zápočtu            KT




Přiřazování nákladů k výnosům                KT




Významné úpravy                              IFRS 1

významné chyby                               IAS 8




významná opomenutí                           IAS 8 IN, BC



Významnost                                   KT
Maticový přístup                             KT
Vykazování/uvedení v matici                  KT
Splatnost                                    KT
hodnota při splatnosti                       IFRS 4
Oceňování/měření/vyčíslení                   KT



Oceňovací koncept/základna                KT
Datum ocenění                             IFRS 2
nekonsistence v oceňování nebo vykazování IFRS 7B




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                         Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Vyčíslení mezitímního daňového nákladu        KT
členské podíly                                IFRIC 2



Členské podílyv družstevních účetních         IFRIC 2
jednotkách a podobné nástroje
Členské příspěvky                             KT
obchodní zboží                                IAS 2



Sloučení/fúze                                 KT
účetní metoda                                 IFRS 3
nerosty a nerostné produkty                   IAS 2




Minimální leasingové platby                   KT




Menšinový podíl                               KT



Neshoda / nesoulad                            KT
nesprávný údaj                                IAS 8



zmírňující opatření                           IFRS 7 IG


Peněžní aktivum                               KT




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Peněžní položky (peněžní aktiva; peněžní      KT
finanční aktiva a finančních závazky; peněžní
finanční nástroje)
Sledování shody                               IFRS 1




riziko úmrtnosti                                IFRS 4
Sdružené plány (zaměstnaneckých požitků)        KT




Sdružené plány (u plánů zaměstnaneckých         KT
požitků)
několik vložených derivátů                      IFRS 7




družstevní organizace                           IFRS 3
vzájemná organizace                             IFRS 3
podílový fond                                   IFRS 4



vzájemná pojišťovací společnost                 IFRS 3
Národní požadavky                               IFRS 1




metoda členění nákladů podle druhu nákladů KT

Záporný goodwill                                KT



Převoditelný cenný papír                        KT
čistá aktiva                                    IFRS 3
čistý základ                                    KT




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                             Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


čistý výtěžek z vyřazení                          IAS 16




čisté kurzové rozdíly                             IAS 16




čistá identifikovatelná aktiva                    IFRS 3




Čistý zisk                                        KT
Čistá investice do (v) zahraniční                 KT
jednotky/subjektu
čistá investice v zahraniční operaci              IAS 21


Čistá investice v leasingu                        KT

Čistá ztráta                                      KT
Čistá peněžní pozice                              KT
Čistá pozice                                      IFRS 1




Čistý zisk                                        KT
čistý výsledek (za období)                        KT


Čistý zisk nebo ztráta za období, zásadní         IAS 8
chyby a změny v účetních pravidlech
Čistá realizovatelná hodnota                      KT



Čistá prodejní cena                               KT



Čisté vypořádání = vypořádání v čisté výši        KT
neutralita/nestrannost                            KT

Nově získané aktivum                              IFRS 5




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


druhý nejvyšší mateřský podnik                 IAS 24



událost nevyžadující úpravu (po rozvahovém KT
dni)
společnosti poskytující nebankovní služby  IFRS 7 BC




Nevypověditelný/neodvolatelný/nezrušitelný     KT
leasing




nepeněžní operace/transakce                    KT
nestejný konec roku (časově)                   IAS 28




dlouhodobá aktiva                              IFRS 3
dlouhodobá aktiva určená k prodeji a           IFRS 5
ukončované činnosti
nederivátový                                   IAS 32


nederivátová smlouva                           IFRS 4
Nevolitelný (fixní) plán podílu zaměstnanců    IAS 33
na zisku



Nevolitelné platby                             IFRS 4
nefinanční aktiva                              IAS 40


Nelinearity                                    IFRS 4
Neobchodovatelné cenné papíry                  KT
Nepeněžní aktivum                              KT
Nepeněžní státní dotace                        KT
bez možnosti zpětného odkupu                   IFRIC 2




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


nerefundovatelné daně zaplacené při nákupu IAS 16


Normální kapacita výrobních závodů             KT



směnky (přijaté / vystavené)                   IAS 32
pomyslná částka                                KT
pomyslně přepočtený                            IFRS 3
cíl                                            KT
Zavazující událost                             KT


Závazek (smluvní)                              KT




závazek spojený s odstraněním a                IFRS 6
navrácením do původního stavu




pozorovatelná (referenční) úroková sazba       IFRS 7 IG

pozorovatelný trh                              IFRS 7 IG


pozorovaná (referenční) úroková sazba          IFRS 7




pozorovaná tržní cena                          IAS 32




morální opotřebení/zastarání                   KT
Nabídková cena                                 KT
Kompenzace/zápočet                             KT
Kompenzování/započtení                         KT



C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                             Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Nevýhodná smlouva                                 KT



počáteční stav/zůstatek                           KT
Počáteční rozvaha (v souladu s) IFRS              IFRS 1




Hlavní (provozní) činnosti                        KT


Provozní cyklus                                   KT



Operativní leasing                                KT
Operativní leasing - pobídky                      SIC-15
Opce                                              KT

Opční smlouva                                     IAS 32




opční oceňovací model                             IFRS 2
Běžné činnosti                                    KT




běžná obchodní činnost                            IAS 2



Kmenové akcie                                     KT

Původní pořizovací cena                           IFRS 1




Úvěry a pohledávky vytvořené podnikem             KT

počáteční náklady                                 IFRS 4




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Ostatní dlouhodobé zaměstnanecké požitky        KT




jiné cenové riziko                              IFRS 7A




mimo peníze                                     IAS 39




Přímý prodej                                    KT
podmínky outsourcingu                           IFRIC 4

Režijní náklady                                 KT
mimoburzovní trh                                IAS 28



Nemovitost užívaná vlastníkem                   KT


Vlastní kapitál                                 KT
vlastnický podíl                                IFRS 3
Splacený kapitál                                KT
mateřská / Mateřský podnik                      IFRS 3
vztah mateřské a dceřiné společnosti            IFRS 3
částečně vlastněná dceřiná společnost           IAS 27




Účastníci [v penzijním plánu]                   KT

Kapitálové nástroje s účastí (např. na zisku)   IAS 33




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Minulá podniková kombinace                      IFRS 1




po splatnosti                                   IFRS 7A


minulá událost                                  IFRS 3
Náklady na minulé služby                        KT




Závazky                                         KT
Penze                                           KT
Penzijní závazek                                IFRS 1



Penzijní program                                KT
Metoda procenta dokončení                       KT




Výkonnost (= finanční výkonnost)                KT

výkonnostní podmínky                      IFRS 2
Doba trvání pracovního poměru/poskytování KT
služby
Anuita po sjednané období                 IFRS 4
účinky specifické podle období            IAS 8




stálé dluhové nástroje                          KT




příplatek za stálost                            IFRS 4




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


personál, pracovníci                            IAS 2




pomyslné akcie                                  IFRS 2
Produkční kapitál                               KT
Aktiva plánu (plánu zaměstnaneckých             KT
požitků)
datum přijetí plánu                             IFRS 5
zastaveno jako záruka                           IAS 32




pojištěnec                                      IFRS 4
Metoda spojení podílů                           KT
Portfolio                                       KT
zajištění úrokového rizika na bázi portfolia    IAS 39
převod portfolia                                IFRS 4
zprostředkovatelské instituce                   IFRIC 3



Plány zaměstnaneckých požitků po skončení KT
pracovního poměru

Zaměstnanecké požitky po skončení               KT
pracovního poměru

výsledek po zdanění                             IFRS 5
omezení převodu po rozhodném datu               IFRS 2
Potenciální kmenové akcie                       KT

potenciální hlasovací práva                     IAS 27




předkombinační/existující před kombinací        IFRS 3
Předmluva Výboru pro interpretace
mezinárodního účetního výkaznictví
Předmluva k Mezinárodním standardům
účetního výkaznictví




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                             Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


přednostní/prioritní dividenda                    IAS 33




Přednostní/prioritní akcie                        IAS 33


prémie, odměna, ažio                              KT
Sestavování a zveřejňování účetní závěrky         IFRS 1




sestavovatelé                                     IAS 40



platby předem                                     KT
Současný (existující) závazek/povinnost           KT
Současná hodnota                                  KT


Současná hodnota závazků z definovaných           KT
požitků
vykázání /prezentace/předložení                   KT
měna vykazování                                   IAS 21

Sestavování a zveřejňování účetní závěrky         IAS 1
Předchozí GAAP                                    IFRS 1




ukazatel P/E                                      KT
Cenový index                                      KT
Cenové riziko                                     KT



Primární východiska účetnictví                    IFRS 1




primární ekonomické prostředí                     IAS 21


Primární finanční nástroje                        KT




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Primární cíl                                    IFRS 1




Prvotní/primární formát výkaznictví             KT
strip jistiny                                   IAS 39




Přístup založený na zásadách                    IFRS 1 BC


chyba z předchozího období                      IAS 8



soukromá jednotka/subjekt/činnost               IFRS 3
Privatizace                                     IFRS 1




Proforma                                        KT
poměrným dílem                                  KT
kritérium vykázání na základě                   IFRS 3
pravděpodobnosti
pravděpodobný                                   IFRS 3
pravděpodobné maximální ztráty                  IFRS 4
závazky ze záruky na výrobky                    IFRS 5
Výrobní režijní náklady/výrobní režie           KT
výrobní proces                                  IAS 2


Zisk                                            KT




Zisk po zdanění                                 KT
odpočet ze zisku                                KT
Zisk před zdaněním                              KT
podíl na zisku                                  KT
dílčí/postupná fakturace                        KT


C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                         Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


dílčí/postupné platby                         KT
zákazy                                        IFRIC 2




Přírůstková metoda                            KT




vlastní směnky                                IAS 30




majetkový nárok                               IAS 40


Pozemky/nemovitosti, budovy, zařízení         IAS 16




Pozemky/nemovitosti, budovy, zařízení -       SIC-14
kompenzace snížení hodnoty nebo ztrát
položek
Pozemky/nemovitosti, budovy a zařízení –      SIC-23
hlavní prověrka nebo náklady na generální
opravu
Poměrná konsolidace                           KT




úměrný podíl                                  IFRS 3
Navrhovaná zlepšení                           IFRS 1




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Prospektivní aplikace/uplatnění                 KT




rezerva/opravná položka                         KT
Rezerva na ztráty                               KT
dočasná hodnota                                 IFRS 3
Rezervy, podmíněná aktiva a podmíněné           IAS 37
závazky
aproximace                                      IFRS 7 BC



Opatrnost/obezřetnost                           KT




veřejná jednotka/veřejný subjekt                IFRS 3
Veřejný trh s cennými papíry                    IAS 33




veřejně kótovaná jednotka                       IFRS 3
zveřejněná cena                                 IFRS 3
Kupní protihodnota                              KT
Metoda koupě                                    KT
kupní cena                                      IAS 2




Držené opce                                     IAS 33
Prodejní opce                                   KT
nesoucí právo na odprodej emitentovi            KT
nástroj nesoucí právo na odprodej emitentovi    IAS 32




Splnění kritérií k uznání / odúčtování          IFRS 1




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                         Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Aktivum splňující podmínky/způsobilé          KT
aktivum
Pojistné smlouvy splňující podmínky           KT




Kvalitativní charakteristiky                  KT
zveřejnění kvantitativních informací          IFRS 7
kótovaný kapitálový nástroj                   IFRS 3
Kótovaná tržní cena                           KT
úvěrové expozice s ratingem a bez ratingu     IFRS 7 IG

Realizovatelná (vypořádací) hodnota           KT


Přiměřený odhad                               IFRS 1




přiměřeně možný                               IFRS 7B


přehodnocení                                  IFRS 3
slevy                                         IAS 2

Vyvratitelný předpoklad                       KT
Pohledávky                                    KT
vykázané finanční nástroje                    IAS 32



uznání/zachycení/rozpoznání/vykázání          KT




zahrnutí do nákladů (období)                  IAS 2



Kritéria vykázání                             IFRS 1




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


odsouhlasení                                     KT
odsouhlasené období/období odsouhlasení          IFRIC 3




zpětnězískatelnost/návratnost                    KT
zpětně získatelný                                IAS 2



Zpětně získatelná částka                         KT

Umoření                                          KT
zákaz zpětného odkupu                            IFRIC 2


Refinancování                                    KT
Přeformátovaný (IAS)                             KT
Spotový nákup nebo prodej                        IAS 39




Regulační orgán/regulátor                        KT
úhrada výdajů/refundace                          KT
Zajišťovací smlouva                              IFRS 4
Zajišťovna                                       IFRS 4
Reinvestice dividend                             IAS 33


Spřízněné strany                                 KT



Zveřejnění spřízněných stran                     IAS 24




Transakce se spřízněnými stranami                KT


Relevance                                        KT




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Spolehlivost                                     KT




výjimka spolehlivosti                            IAS 40


test spolehlivého ocenění                        IAS 16




funkce opětného nabytí                           IFRS 2
opce opětného nabytí                             IFRS 2
Přecenění                                        KT
Poskytování služeb                               KT
práva na obnovení                                IFRS 4
Reorganizace                                     KT
opravy a údržba                                  IAS 40


Splácení                                         KT
Reprodukční náklady aktiv                        KT


znovu zastavit                                   IFRS 7


Povinně vykazované segmenty                      KT


měna použitá pro vykázání/měna vykazování KT

Měna použitá pro vykázání - oceňování a          SIC-19
prezentace účetní závěrky podle IAS 21 a
IAS 29
Měna použitá pro vykázání - přepočet z měny      SIC-30
oceňování do prezentované měny
Datum vykázání                                   KT
Vykazující podnik                                KT


vykazující jednotka                              IAS 21




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Soubor výkazů                                   IFRS 1



Vykazované období                               KT
věrnost zobrazení                               IFRS 3
Dohoda o zpětném odkupu                         KT




Výzkum                                          KT


Fondy vlastního kapitálu                        KT
zbytková cena                                   IFRS 3
zbytkový podíl                                  IAS 32


zbytková hodnota                                KT


Usnesení IASB – zrušení IAS 15 Radou            IAS 15

Přepracování                                    KT
Restrukturalizace                               KT




Rezerva na restrukturalizaci                    IFRS 1



Výsledek                                        KT




Metoda maloobchodního prodeje/retailová         KT
metoda
Řetězec maloobchodních prodejen                 KT
Nerozdělené zisky                               KT
Nerozdělený zisk                                IFRS 3




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Penzijní plány                                  KT




zpětná klasifikace                              IFRS 5
Retrospektivní aplikace                         KT




výnos/rentabilita investice                     KT
Výnos z aktiv plánu (z plánu                    KT
zaměstnaneckých požitků)



Přecenění                                       KT
Fond z přecenění                                IFRS 1
Přebytek z přecenění                            IFRS 1




Přeceněná hodnota aktiva                        KT


Výnosy                                          KT




Výnosy – barterové transakce zahrnující         SIC-31
reklamní služby
zrušení/zvrat/storno                            KT
Reversní akvizice                               KT




konsolidace akcií                               KT
Novelizovaný/revidovaný (IAS)                   KT
Odměny spojené s pronajatými aktivy             KT




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


předkupní právo                                IAS 39




právo kompenzace                               KT
právo na průzkum                               IFRS 6



emise práv                                     IAS 33


Práva na podíly na fondech vytvořených na      IFRIC 5
demontáž, ukončení provozu, uvedení do
původního stavu a ekologickou likvidaci
Rizika                                         KT
Riziková angažovanost                          IFRS 4
rizika a výhody vyplývající z vlastnictví      IFRS 7

Rizika spojená s aktivy na leasing             KT


přenos vzad                                    IFRS 1



přenos vpřed                                   IFRS 1




Autorské honoráře/licenční poplatky            KT
Prodej/tržby                                   KT
Transakce prodeje a zpětného leasingu          KT




práva na podíl z posílení akcií                IFRS 2
Rozsah působnosti                              KT
Druhotné informace o segmentech                KT
Cenné papíry                                   KT
Sekuritizace                                   KT

Segment                                        KT




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                         Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Aktiva segmentu                               KT



Výdaje segmentu                               KT




Vykazování podle segmentů                     IAS 14
Výsledky segmentu                             KT


Výnosy segmentu                               KT




aktivum vlastní výroby                        IAS 16

Samopojištění                                 IFRS 4
prodejní cena                                 IAS 2



Analýza citlivosti                            IFRS 4
oddělitelnost                                 IFRS 3
oddělitelná aktiva                            IAS 16


nekonsolidovaná účetní závěrka/individuální   IAS 27
účetní závěrka




samostatný závazek                            IFRS 3
samostatně identifikovatelný                  IAS 2



náklady na poskytování služeb                 IFRS 1

Datum služby                                  IFRS 2 BC
servisní známka                               IFRS 3




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


závazek poskytovat služby                      IFRS 1 / IAS 39




práva poskytovat služby                        IAS 39 BfC




Sada účetních výkazů                           IFRS 1




právní nárok na                                KT
vyrovnání/kompenzaci/zápočet


Čisté vypořádání = vypořádání v čisté výši     KT

Vypořádání/úhrada/vyrovnání                    KT
Vypořádání (zaměstnaneckých požitků)           KT




Datum vypořádání                               KT

účtování k datu vypořádání                     IAS 39




ustanovení o vypořádání                        IAS 32




Hodnota vypořádání                             KT


ručí nerozdílně                                IAS 28


Sdílení [nebo] akcie/podíl                     KT
práva na podíl z růstu akcií                   IFRS 2
ujednání o zpětné koupi akcií                  IFRS 3



C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


kupní opce na akcie                            IAS 27




Základní kapitál                               KT
Základní kapitál - zpětně nabyté kapitálové    SIC-16
nástroje (vlastní akcie)
Konsolidace akcií                              IAS 33

Opce na akcie                                  IFRS 2
Plán akciových opcí                            KT
Emisní ážio                                    KT
Štěpení akcií                                  KT
Akciový warrant                                KT
Úhrada vázaná na akcie                         IFRS 2
dohoda o úhradě vázané na akcie                IFRS 2
úhrada vázaná na akcie                         IFRS 2
Akcionář                                       KT
vlastní kapitál                                KT
Prodejce 'na krátko'                           KT

Krátkodobé zaměstnanecké požitky               KT




SIC                                            KT
Podstatný vliv                                 KT




Podnik vyrábějící jeden výrobek                KT
Umořovací fond                                 KT
Sociální zabezpečení                           KT
Příspěvek na sociální zabezpečení              KT
Solventnost                                    KT

Jednotka zvláštního určení                     KT
Jednotka zvláštního určení                     KT


specifická identifikace nákladů                IAS 2


spekulativní stupeň                            IFRS 7 IG




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


oddělení/vyčlenění/delimitace/vedlejší           KT
produkt
spotový měnový kurz                              IAS 21
samostatný základ                                IAS 24



samostatný derivát                               IAS 39 / IFRIC 9




samostatná jednotka                              IAS 21




Metoda standardních nákladů                      KT
pohotovostní/záložní úvěrové linky               IFRS 7 IG



otevřené akreditivy                              KT
Stálý interpretační výbor                        KT
Zřizovaní výdaje                                 IAS 40



státem kontrolované jednotky                     IAS 24




Výkaz peněžních toků                             KT
Výkaz změn vlastního kapitálu                    KT
Prohlášení o shodě s IFRS                        IFRS 1



Výsledovka                                       KT
Péče managementu                                 IFRS 1




kótování akcií na burze                          IFRS 3
Stop-loss                                        IFRS 4 IG
přímý dluh                                       IFRS 7 BC




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


metoda lineárního odepisování                    IAS 16


následný zisk                                    IFRS 7B


dceřiný podnik/společnost                        IFRS 5
Subvence                                         KT

Obsah nad formu                                  KT
v podstatě uzákoněný                             KT



schéma odchodů do důchodu                        KT
Nahrazené verze                                  KT / IAS 26
Členové dozorčí rady                             IFRS 1




dodavatel                                        KT
dodavatelská smlouva                             IFRS 3
Garanční bond                                    IFRS 3
možnost odkupu                                   IFRS 4
hodnoty odkupu                                   IFRS 4
Swapová smlouva                                  IFRS 4
swapce                                           KT
Syndikáty                                        IAS 39



Složený nástroj                                  KT
složený nástroj                                  IAS 32




„kontaminace portfolia“                          IFRS 1



paušální smlouvy ("odeber nebo zaplať")          IFRIC 4




Hmotné aktivum                                   KT
dlouhodobé hmotné aktivum/majetek                IFRS 3 BC




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Cílená osvobození (výjimky)                    IFRS 1



Daň                                            KT
Daňový základ                                  KT
Daňová základna aktiva nebo závazku            KT

daňová výhoda (úspora)                         IFRS 3
účinky daně                                    IAS 21




Daňový náklad (daňový výnos)                   KT




daňová jurisdikce                              IFRS 3
Daňový závazek                                 IFRS 1

Daňové účely                                   IFRS 1




Sazba daně                                     IFRS 1




Zdanitelný zisk (daňová ztráta)                KT



Zdanitelný přechodný rozdíl                    KT



zdanění                                        IFRS 3
proveditelnost a komerční realizovatelnost     IFRS 6
dobývání nerostného zdroje


Přechodný rozdíl                               KT




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


nabídka na odkup                               IAS 33

Požitky při ukončení pracovního poměru         KT




Testování goodwillu na snížení hodnoty         IFRS 1



Dopady změn směnných kurzů cizích měn          IAS 21

Teoretická hodnota akcie po uplatnění práv     IAS 33
faktor vážený časem                            IAS 33




'vytvořit' zisky                               IAS 16




Test shora dolů                                KT
swap celkových výnosů                          IAS 39




Datum (sjednání) obchodu                       KT

účtování k datu obchodu                        IAS 39




Pohledávka z obchodního styku/obchodní         KT
pohledávka
obchodní tajemství                             IFRS 3
Obchodování - finanční aktiva nebo závazky     KT
určené k obchodování
zisky nebo ztráty z prodeje                    IFRS 7 IG

Transakce                                      KT




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Transakční náklady (finanční nástroje)         KT


transakční cena                                IFRS 7




Převod/přenos/přechod                          KT
přejímající/přebírající                        KT
převádějící/předávající                        KT
Závazek ze změny metody (plánů                 KT
definovaných požitků)




Rozdíl z přepočtu                              IFRS 1


metoda přepočtu                                IAS 21




Přepočet cizí měny                             KT
převod účetní závěrky (do jiné měny)           IAS 12 / IAS 38




přepočet do měny vykazování                    IAS 21


Transparentnost                                IFRS 1




Vlastní akcie                                  KT

spouštěcí událost                              IFRS 4
svěřenecké/fiduciární činnosti                 KT
Správce                                        KT
kmenové akcie dvou tříd                        IAS 33




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                         Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


nejvyšší mateřská společnost                  IAS 24



nealokovaný přebytek                          IFRS 4
Neodepsaný                                    KT
oddělit                                       IFRS 4
nejistá událost                               IFRS 4
Nedobytnost/neinkasovatelnost                 KT
nepodmíněné zákazy                            IFRIC 2




nepodmíněné právo odepřít zpětný odkup        IFRIC 2


podkladové aktivum                            IFRIC 4


podkladová proměnná                           IAS 32




Srozumitelnost                                KT




pojistný rok                                  IFRS 4
nerozdělený zisk                              IAS 33




nevyčerpaný úvěrový příslib                   IFRS 7B


Nepřiměřené náklady nebo úsilí                IFRS 1




C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Nerealizovaný finanční výnos                    KT




nezasloužené pojistné                           IFRS 4
Nezaručená zůstatková hodnota                   KT



jednotná účetní pravidla                        IAS 28




skupina, soubor aktiv                           IFRIC 4



jednotka výroby                                 IAS 2


podílový fond                                   IAS 27



hodnota jednotky/hodnota jednoho podílu         IFRS 4
Spojení podílů                                  KT




 prvek, který výši plnění váže na hodnotu       IFRS 7
podílové jednotky (unit- linking feature)


Nekótovaný                                      KT
nekótované kapitálové nástroje                  IAS 32




neuznaný/nevykázaný/nezachycený/nerozpoz IFRS 3
naný



C:\Docstoc\Working\pdf\aaa5c116-fd84-4aca-9667-2bc425da5f2b.xls
                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


nevykázané/neuznané/nerozpoznané                 IAS 32
finanční nástroje


nezajištěné spotřebitelské úvěry                 IFRS 7 IG



Transakce směrem nahoru                          KT

Životnost                                        KT



Uživatel [účetní závěrky]                        KT
uživatelé                                        IAS 40

Uživatelé účetní závěrky                         IFRS 1



Reálné/oprávněné očekávání                       KT
ocenění                                          IFRS 3
metoda ocenění                                   IFRS 3
technika ocenění                                 IAS 32




Výkaz přidané hodnoty                            KT
Hodnota z užívání                                KT



hodnota v riziku, value-at-risk                  IFRS 7




Variabilní výrobní režie                         KT



spoluvlastník                                    KT

získat nepodmíněný nárok                         IFRS 2
Nepodmíněné zaměstnanecké požitky                KT

rozhodné podmínky                                IFRS 2
rozhodné období                                  IFRS 2



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                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


hlasovací práva                                IFRS 3
Warant                                         KT

Záruka                                         KT
záruční závazek                                IFRIC 4



„wash sale“ (praní finančního aktiva)          IAS 39


běžné opotřebení                               IAS 16




klimatické deriváty                            IFRS 4
Vážený průměr                                  IAS 33




vzorec váženého průměru nákladů                IAS 2




plně vlastněný dceřiný podnik                  IAS 27




ochotné strany                                 IFRS 5
nedokončená výroba                             IAS 2


Pracovní kapitál                               KT
"nejhorší scénář"                              IFRS 7B


odpis (úplný)                                  IFRS 7B




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                         Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


snížení                                       IAS 2




Vystavená opce                                IFRS 1




Kumulovaně od počátku roku                    IAS 33



úrokový collar s nulovými náklady             IFRS 7 IG




vládní bezkuponové obligace                   IFRS 2
koncese veřejného sektoru soukromému          IFRIC 12
sektoru


kritéria pro agregaci                         IFRS 8 BC



postav-provozuj-převeď                        IFRIC 12



limitující mechanismus                        IFRIC 12 AG


vedoucí osoba s provozní rozhodovací          IFRS 8
pravomocí




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                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


konkurenčně znevýhodňující výjimka             IFRS 8 BC



služby výstavby nebo zdokonalení               IFRIC 12




konverzní faktor                               IFRIC 7 IE


země domicilu                                  IFRS 8 BC
odložené podpůrné pořizovací náklady           IFRS 8 BC




postavení zmocněnce/svěřence                   IFRS 8 BC
poskytovatel                                   IFRIC 12




Transakce s vlastními akciemi a s akciemi      IFRIC 11
skupiny
historický odpad                               IFRIC 6


Mezitímní účetní výkaznictví a snížení         IFRIC 10
hodnoty aktiv
dohoda o úhradě uvnitř skupiny                 IFRIC 11


míra funkčnosti                                IFRIC 12

Závazky vznikající z účasti na specifickém     IFRIC 6
trhu - odpad z elektrických a elektronických
zařízení
přístup vedení                                 IFRS 8 BC



maticová forma organizace                      IFRS 8 BC


nepeněžní položky                              IFRS 8

neziskové organizace                           IFRS 8 BC




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                         Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


provozní rozhodování                          IFRS 8

provozní segmenty                             IFRS 8 App A




provozovatel                                  IFRIC 12



veřejná odpovědnost                           IFRS 8 BC



veřejný sektor                                IFRIC 12




kampaň Zveřejněte, co platíte                 IFRS 8 BC




kvantitativní limity                          IFRS 8 BC
přehodnocení vložených derivátů               IFRIC 9


převod nápravy a provozování (služby z        IFRIC 12
veřejného sektoru na soukromého
provozovatele)

akcie s omezením                              IFRIC 8




riziko divergence                             IFRIC 9 BC




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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


manažer segmentu                                IFRS 8




ujednání o poskytování licencovaných služeb IFRIC 12

náhradní veličina                               IFRIC 8 BC




infrastruktura užívaná po celou životnost       IFRIC 12 BC



zákaznické věrnostní programy                   IFRIC 13
Pobídky                                         IFRIC 13



věrnostní odměny                                IFRIC 13



konsensus                                       IFRIC 13
úsudek                                          IFRIC 13 App AG




spekulativní řešení v účetnictví                IFRIC 13 BC


metoda alokace/přiřazení                        IFRIC 13 BC

nehmotná aktiva vypývající ze vztahu se         IFRIC 13 BC
zákazníky
Vztah mezi aktivy definovaných požitků a        IFRIC 14
požadavky na minimální tvorbu zdrojů.
požadavky na minimální financování              IFRIC 14



refundace nebo snížení budoucích příspěvků IFRIC 14




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                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


přebytek z plánu                               IFRIC 14




příspěvky z titulu minimálního financování     IFRIC 14




vypořádání                                     IFRIC 14 BC


nevýhodné požadavky na minimální               IFRIC 14 BC
financování
ostatní úplný výsledek hospodaření             IAS 1 revised
                                               (Definitions)


Úplný výsledek hospodaření celkem              IAS 1 revised




Reklasifikační úpravy                          IAS 1 revised



výkaz o finanční situaci                       IAS 1 revised
výkaz o úplném výsledku hospodaření            IAS 1 revised




konec účetního období                          IAS 1 revised App A
vlastník                                       IAS 1 revised App A
úplná sada účetních výkazů/ kompletní          IAS 1 revised App A
účetní závěrka


poměr závazků k upravenému kapitálu            IAS 1 revised IG

změny vlastního kapitálu týkající se vlastníků, IAS 1 revised
vlastnické změny
změny vlastního kapitálu netýkající se          IAS 1 revised
vlastníků, nevlastnické změny




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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


obecná, univerzální účetní závěrka              IAS 1 revised




rovnocenná důležitost                           IAS 1 revised


ostatní složky vlastního kapitálu               IAS 1 revised IG
přecenění majetku                               IAS 1 revised IG
metoda akvizice                                 IFRS 3 revised


podmíněná protihodnota                          IFRS 3 revised


záporný zůstatek                                IAS 27 revised

odměny zprostředkovatelům                       IFRS 3 revised


dřívější dceřiný podnik                         IAS 27 revised


aktiva z odškodnění                             IFRS 3 revised



ponechaná investice                             IAS 27 revised


obdobné transakce a události za podobných       IAS 27 revised
okolností




ztráta ovládání                                 IAS 27 revised


vícenásobná ujednání                            IAS 27 revised


nekontrolní podíly                              IAS 27 revised


získání nebo ztráta ovládání                    IAS 27 revised




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


vlastníci                                        IFRS 3 revised




částečné pozbytí                                 IAS 27 revised
znovunabytá práva                                IFRS 3 revised



příslib úhrad vázaných na akcie                  IFRS 3 revised


zajištění čisté investice do zahraniční          IFRIC 16
jednotky
přímý nebo konečný mateřský podnik               IFRIC 16




fond z přepočtu cizí měny                        IFRIC 16




mateřský podnik na nižší úrovni                  IFRIC 16




mateřský podnik na vyšší úrovni                  IFRIC 16



nepřímá (postupná) metoda                        IFRIC 16




riziko spotového kurzu                           IFRIC 16




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                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Dohody o výstavbě nemovitostí                  IFRIC 15

nabízet na trhu jednotlivé jednotky "na        IFRIC 15
papíře"



ukončení smlouvy                               IFRIC 15


vykazování výnosů a souvisejících nákladů      IFRIC 15



nedokončené dohody                             IFRIC 15

Položky, které mohou být předmětem             IAS 39
zajištění
koupená opce jako zajišťovací nástroj          IAS 39




rozdělení nepeněžních aktiv vlastníkům         IFRIC 17

nepeněžní aktiva                               IFRIC 17



peněžní alternativa                            IFRIC 17




nereciproční rozdělení aktiv                   IFRIC 17


dlouhodobá aktiva (nebo skupiny aktiv)         IFRIC 17
držená k rozdělení vlastníkům


převody aktiv od zákazníků                     IFRIC 18
externí poskytovatel funkcí                    IFRIC 18



následný přístup                               IFRIC 18




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


stanovování míry kontroly                        IFRIC 18



Finanční nástroje: Vykazování                    IAS 32
Úhrady vázané na akcie vypořádané v              IFRS 2 amendments
hotovosti v rámci skupiny
Další výjimky pro jednotky přecházející na       IFRS 1 amendments
IFRS poprvé




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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5



                        Context                                            Glossary / Definitions




A range around an enterprise’s best estimate of post-
employment benefit obligations. Outside that range, it
is not reasonable to assume that actuarial gains or
losses will be offset in future years.
IFRS 7.IG14 This valuation technique includes
variables other than data from observable markets


IFRS 7.BC19 The Board believed that this is often a
reasonable proxy for the change in fair value that is
attributable to changes in the liability’s credit risk…

However, in some cases, an entity's amortisation
methods and rates under previous GAAP may differ
from those that would be acceptable under IFRSs (for
example, if they were adopted solely for tax purposes
and do not reflect a reasonable estimate of the asset's
useful life).
IFRS 7.41 If an entity prepares a sensitivity analysis,
such as value-at-risk, that reflects interdependencies
between risk variables (eg interest rates and exchange
rates) and uses it to manage financial risks, it may use
that sensitivity analysis in place of the analysis
specified in paragraph 40

Furthermore, a failure to disclose the effect of material
errors would obscure the 'results of the stewardship of
management, or the accountability of management for
the resources entrusted to it' (Framework, paragraph
14).




A primary issue in accounting for inventories is the
amount of cost to be recognised as an asset and
carried forward until the related revenues are
recognised.




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


The specific principles, bases, conventions, rules and
practices adopted by an enterprise in preparing and
presenting financial statements.

The net profit or loss for a period before deducting tax
expense.




 The effects of transactions and other events are
recognised when they occur (and not as cash or its
equivalent is received or paid) and they are recorded
in the accounting records and reported in the financial
statements of the periods to which they relate.


If those differences have a material effect on the
financial statements, the entity adjusts the
accumulated amortisation in its opening IFRS balance
sheet retrospectively so that it complies with IFRSs
(paragraph 31 of the IFRS).

 Compensated absences that are carried forward and
can be used in future periods if the current period's
entitlement is not used in full.
However, the Board decided that it is more important
to achieve comparability over time within a first-time
adopter's first IFRS financial statements and between
different entities adopting IFRSs for the first time at a
given date; achieving comparability between first-time
adopters and entities that already apply IFRSs is a
secondary objective.




A business combination in which one of the
enterprises, the acquirer, obtains control over the net
assets and operations of another enterprise, the
acquiree, in exchange for the transfer of assets,
incurrence of a liability or issue of equity.

A market where all the following conditions exist: (a)
the items traded within the market are homogeneous;
(b) willing buyers and sellers can normally be found at
any time; and (c) prices are available to the public.




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An enterprise’s unbiased and mutually compatible best
estimates of the demographic and financial variables
that will determine the ultimate cost of providing post-
employment benefits.
Actuarial gains and losses comprise: (a) experience
adjustments (the effects of differences between the
previous actuarial assumptions and what has actually
occurred); and (b) the effects of changes in actuarial
assumptions.
The present value of the expected payments by a
retirement benefit plan to existing and past employees,
attributable to the service already rendered.



If an entity's first IFRS financial statements include
more than one year of comparative information, the
additional comparative information need not comply
with IFRSs (as proposed in ED 1).



The carrying amounts of subsidiary Q's assets and
liabilities at 1 January 2006 are the same in both
parent P's (consolidated) opening IFRS balance sheet
and subsidiary Q's separate financial statements
(except for adjustments for consolidation procedures)
and are based on subsidiary Q's date of transition to
IFRSs.




shall be the amounts in (a) and (b) adjusted for the
after-tax amounts of preference dividends, gains or
losses on settlement of preference shares, and other
similar effects of preference shares classified as
equity.




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5



(c) biological assets related to agricultural activity
and agricultural produce at the point of harvest (see
IAS 41 Agriculture)./ The management by an
entreprise of the biological transformation of biological
assets for sale, into agricultural produce, or into
additional biological assets.


The harvested product of the entreprise's biological
assets.



IFRS 7.16 When financial assets are impaired by
credit losses and the entity records the impairment in a
separate account (eg an allowance account used to
record individual impairments or a similar account
used to record a collective impairment of assets)
rather than directly reducing the carrying amount of the
asset, it shall disclose a reconciliation of changes in
that account during the period for each class of
financial assets.


The systematic allocation of the depreciable amount of
an asset over its useful life. In the case of an
intangible asset or goodwill, the term ‘amortisation’ is
generally used instead of ‘depreciation’. Both terms
have the same meaning.



IG57 For those financial assets and financial
liabilities measured at amortised cost in the opening
IFRS balance sheet, an entity determines their cost on
the basis of circumstances existing when the assets
and liabilities first satisfied the recognition criteria in
IAS 39.
The amount at which the financial asset or liability was
measured at initial recognition minus principal
repayments, plus or minus the cumulative amortisation
of any difference between that initial amount and the
maturity amount, and minus any write-down

The amount of inventories recognised as an
expense during the period, which is often referred to
as cost of sales, consists of those costs previously
included in the measurement of inventory that has now
been sold and unallocated production overheads and
abnormal amounts of production costs of inventories.




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An entity shall indicate the basis on which the
numerator(s) is (are) determined, including whether
amounts per share are before tax or after tax.




This revised Standard supersedes IAS 33 (1997)
Earnings Per Share and is effective for annual periods
beginning on or after 1 January 2005.



Antidilution is an increase in earnings per share or a
reduction in loss per share resulting from the
assumption that convertible instruments are
converted, that options or warrants are exercised, or
that ordinary shares are issued upon the satisfaction of
specified conditions.
Potential ordinary shares are antidilutive when their
conversion to ordinary shares would increase earnings
per share or decrease loss per share from continuing
operations.




A resource controlled by an enterprise as a result of
past events and from which future economic benefits
are expected to flow to the enterprise.
(a) on initial recognition, if the intangible asset is
acquired in a business combination that is an
acquisition or in specified asset exchange transactions
(see discussion in paragraphs 30 and 31).

the taxable temporary difference of 50 (200 less 150)
associated with the identifiable assets acquired and
non-pension liabilities assumed, less ..




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Assets (other than non-transferable financial
instruments issued by the reporting enterprise) that:
(a) are held by an entity (a fund) that is legally
separate from the reporting entreprise and exists
solely to pay or fund employee benefits; and (b) are
available to be used only to pay or fund employee
benefits, are not available to the reporting entreprise's
own creditors (even in bankruptcy), and cannot be
returned to the reporting entreprise, unless either: (i)
the remainning assets of the fund are sufficient to
meet all the related employee benefit obligations of the
plan or the reporting eentreprise; or (ii) the assets are
returned to the reporting entreprise to reimburse it for
employee benefits already paid.


An enterprise in which an investor has significant
influence and which is neither a subsidiary nor a joint
venture of the investor.
presented financial statements in the previous year
that contained an explicit and unreserved statement of
compliance with IFRSs, even if the auditors qualified
their audit report on those financial statements.


Those financial assets that are not (a) loans and
receivables originated by the enterprise, (b) held-to-
maturity investments, or (c) financial assets held for
trading.



A financial institution one of whose principal activities
is to take deposits and borrow with the objective of
lending and investing and which is within the scope of
banking or similar legislation.




The amount of net profit for the period that is
attributable to ordinary shareholders divided by the
weighted average number of ordinary shares
outstanding during the period.




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The Standard requires that when a hedged forecast
transaction occurs and results in the recognition of a
financial asset or a financial liability, the gain or loss
deferred in equity does not adjust the initial carrying
amount of the asset or liability (ie basis adjustment is
prohibited), but remains in equity and is recognised in
profit or loss consistently with the recognition of gains
and losses on the asset or liability.

IFRS 1 BASIS FOR CONCLUSIONS JUNE 2003
IFRS 7.B19(a) The entity continues to believe that
interest rates may fluctuate by ±50 basis points (ie
that the rate of change in interest rates is stable)



Glossary: Actuarial present value of promised                Glossary: Actuarial present value of promised
retirement benefit, corridor, current service cost,          retirement benefit, corridor, current service cost,
curtailment, defined benefir liability, defined benefit      curtailment, defined benefir liability, defined benefit
obligation(present value of), defined benefit plans,         obligation(present value of), defined benefit plans,
defined contribution plans, future economic benefit,         defined contribution plans, future economic benefit,
government assistance,group                                  government assistance,group
administration(employee benefit) plans, interest cost        administration(employee benefit) plans, interest cost
(for an employee benefit plan), multy-employer benefit       (for an employee benefit plan), multy-employer benefit
plan, participants, past service cost, plan assets(of an     plan, participants, past service cost, plan assets(of an
employee benefit plan), post-employment benefitplans,        employee benefit plan), post-employment benefitplans,
present value of a defined benefit obligation, projected     present value of a defined benefit obligation, projected
unit credit method, recognition, retirement benefit          unit credit method, recognition, retirement benefit
plans, return on plan asset (of an employee benefit          plans, return on plan asset (of an employee benefit
plan), settlement (of employee benefit), transitional        plan), settlement (of employee benefit), transitional
liability (defined benefit plans); History;                  liability (defined benefit plans); History;

recognises the pension liability, and measures it, at
the present value of the defined benefit obligation
(130) less the fair value of the plan assets (100), giving
a carrying amount of 30, with a corresponding debit of
30 to retained earnings (paragraph B2(d)).

can be generated at a cost that does not exceed the
benefits to users.




This Standard uses the terms 'bid price' and 'asking
price' (sometimes referred to as 'current offer price') in
the context of quoted market prices, and the term 'the
bid-ask spread' to include only transaction costs.



A living animal or plant



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The processes of growth, degeneration, production,
and procreation that cause qualitative or quantitative
changes in a biological asset.


(a)a capitalisation or bonus issue (sometimes
referred to as a stock dividend);



Interest and other costs incurred by an enterprise in
connection with the borrowing of funds.


The bringing together of separate enterprises into one
economic entity as a result of one enterprise uniting
with or obtaining control over the net assets and
operations of another enterprise.




A distinguishable component of an enterprise that is
engaged in providing an individual product or service
or a group of related products or services and that is
subject to risks and returns that are different from
those of other business segments.




does a cap and trade scheme give rise to (i) a net
asset or liability or (ii) an asset (for allowances held)
and a liability, deferred income and/or income?

Under a financial concept of capital, such as invested
money or invested purchasing power, the net assets or
equity of the enterprise. The financial concept of
capital is adopted by most enterprises.Under a
physical concept of capital, such as operating




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


(If an entity has not determined that it will use the land
as owner-occupied property or for short-term sale in
the ordinary course of business, the land is regarded
as held for capital appreciation.)




Recognising a cost as part of the cost of an asset.
IFRS 7.IG36 Profit is more sensitive to interest rate
decreases than increases because of borrowings with
capped interest rates



The amount at which an asset is recognised in the
balance sheet after deducting any accumulated
depreciation (amortisation) and accumulated
impairment losses thereon.
Glossary: Accrual basis of accounting, cash, cash            Glossary: Accrual basis of accounting, cash, cash
equivalents,                                                 equivalents,
cash flow risk, cash flows, cash generating unit,            cash flow risk, cash flows, cash generating unit,
corporate assets,                                            corporate assets,
cost, cost of an acquisition, cost of an asset acquired      cost, cost of an acquisition, cost of an asset acquired
in exchange                                                  in exchange
or part exchange for dissimilar asset, current asset,        or part exchange for dissimilar asset, current asset,
current cost, direct method of reporting cash flows          current cost, direct method of reporting cash flows
from operating activities, effective interest method,        from operating activities, effective interest method,
embedded derivative, financial asset, financial liability,   embedded derivative, financial asset, financial liability,
financial statements, future economic benefit, hedge         financial statements, future economic benefit, hedge
effectiveness, hedged item, hedging, hedging                 effectiveness, hedged item, hedging, hedging
instrument, historical cost, imputed rate of interest,       instrument, historical cost, imputed rate of interest,
indirect method of reporting cash flows from operating       indirect method of reporting cash flows from operating
activities, investing activities, operating cycle, present   activities, investing activities, operating cycle, present
value, realisable value, repurchase agreement, settle        value, realisable value, repurchase agreement, settle
net, settlement (of employee benefit obligations),           net, settlement (of employee benefit obligations),
settlement value, solvency, value in use; History;           settlement value, solvency, value in use; History;

Cash on hand and demand deposits.
Short-term, highly liquid investments that are readily
convertible to known amounts of cash and which are
subject to an insignificant risk of changes in value.

Inflows and outflows of cash and cash equivalents.




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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


An entity shall disclose the following separately for
designated fair value hedges, cash flow hedges and
hedges of a net investment in a foreign operation (as
defined in IAS 39):
The risk that future cash flows associated with a
monetary financial instrument will fluctuate in amount.



title
The smallest identifiable group of assets that
generates cash inflows from continuing use that are
largely independent of the cash inflows from other
assets or groups of assets.




The difference between the nominal amount of the
consideration and the cash price equivalent is
recognised as interest revenue under IAS 18 reflecting
the effective yield on the receivable.


One example is a net cash-settled share option.




The class A preference shares are entitled to a
cumulative annual dividend of CU7 per share starting
in 20X4.
Grouping of assets of a similar nature and use in an
enterprise’s operations.
(i) An entity shall disclose the nature and amount of
any impairment loss recognised in profit or loss for a
financial asset, separately for each significant class of
financial asset (paragraph 55 provides guidance for
determining classes of financial assets).

A class of property, plant and equipment is a grouping
of assets of a similar nature and use in an entity's
operations.




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


It is not appropriate to write inventories down based on
a classification of inventory, for example, finished
goods, or all the inventories in a particular industry or
geographical segment.
An entity, which may be a transferor, that services
transferred assets may hold a clean-up call to
purchase remaining transferred assets when the
amount of outstanding assets falls to a specified level
at which the cost of servicing those assets becomes
burdensome in relation to the benefits of servicing.

Close members of the family of an individual are those
family members who may be expected to influence, or
be influenced by, that individual in their dealings with
the entity.
For example, an entity that uses closing market prices
to calculate the average market price for several years
of relatively stable prices might change to an average
of high and low prices if prices start fluctuating greatly
and the closing market prices no longer produce a
representative average price.

The spot exchange rate of two currencies at the
balance sheet date.
Many other types of derivative instruments embody a
right or obligation to make a future exchange,
including interest rate and currency swaps, interest
rate caps, collars and floors, loan commitments, note
issuance facilities and letters of credit.




An embedded derivative is a component of a hybrid
(combined) instrument that also includes a non-
derivative host contract-with the effect that some of the
cash flows of the combined instrument vary in a way
similar to a stand-alone derivative.

The commencement of the lease term is the date from
which the lessee is entitled to exercise its right to use
the leased asset.
IFRS 7.IG21 For example, an entity might determine
that residential mortgages, unsecured consumer
loans, and commercial loans each have different
economic characteristics
IFRS 7.IG31(d) has committed borrowing facilities (eg
commercial paper facilities) or other lines of credit
(eg stand-by credit facilities) that it can access to meet
liquidity needs



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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


An entity determines whether an exchange transaction
has commercial substance by considering the extent
to which its future cash flows are expected to change
as a result of the transaction.

[…] exploration for and evaluation of mineral
resources in the specific area have not led to the
discovery of commercially viable quantities of mineral
resources and the entity has decided to discontinue
such activities in the specific area.




Some argued that an entity should present this
information under IFRSs, to ensure comparability over
time.
its profit or loss under previous GAAP for the
comparable interim period (current and year-to-date)
to its profit or loss under IFRSs for that period.

In preparing its opening IFRS balance sheet at 1
January 2004 and in its comparative balance sheet at
31 December 2004, entity A:




The scheme operates for defined—often
annual—compliance periods




A financial instrument that, from the issuer’s
perspective, contains both a liability and an equity
element.

IFRS 7.B20 Such an entity might comply with
paragraph 41(a) by disclosing the type of value-at-risk
model used (eg whether the model relies on Monte
Carlo simulations), an explanation about how the
model works and the main assumptions (eg the
holding period and confidence level)
(a) the configuration (risk, timing and amount) of the
cash flows of the asset received differs from the
configuration of the cash flows of the asset
transferred; or
BC23 The Board also made a consequential
amendment to IAS 39:




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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


The difference between the nominal amount of the
consideration and the cash price equivalent is
recognised as interest revenue under IAS 18 reflecting
the effective yield on the receivable. /// The
consideration receivable on disposal of an item of
property, plant and equipment is recognised initially at
its fair value.




(b)includes all intangible assets that meet the
recognition criteria in IAS 38 at that date, except for
intangible assets acquired in a business combination
that were not recognised in the acquirer's consolidated
balance sheet under previous GAAP and also would
not qualify for recognition under IAS 38 in the separate
balance sheet of the acquiree (see paragraph B2(f) of
Appendix B of the IFRS).

The financial statements of a group presented as
those of a single enterprise.




IG31Paragraph 24 of the IFRS applies if a
subsidiary becomes a first-time adopter later than its
parent, for example if the subsidiary previously
prepared a reporting package under IFRSs for
consolidation purposes but did not present a full set of
financial statements under IFRSs.

A contract specifically negotiated for the construction
of an asset or a combination of assets that are closely
interrelated or interdependent in terms of their design,
technology and function or their ultimate purpose or
use.




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


An obligation that derives from an enterprise’s actions
where:(a) by an established pattern of past practice,
published policies or a sufficiently specific current
statement, the enterprise has indicated to other parties
that it will accept certain responsibilities; and(b) as a
result, the enterprise has created a valid expectation
on the part of those other parties that it will discharge
those responsibilities.


A possible asset that arises from past events and
whose existence will be confirmed only by the
occurrence or non-occurrence of one or more
uncertain future events not wholly within the control of
the enterprise.
(a) A possible obligation that arises from past events
and whose existence will be confirmed only by the
occurrence or non-occurrence of one or more
uncertain future events not wholly within the control of
the enterprise; or(b) a present obligation that arises
from past events but is not recognised because: (i) it
is not probable that an outflow of resources embodying
economic benefits will be required to settle the
obligation; or (ii) the amount of the obligation cannot
be measured with sufficient reliability.

That portion of the lease payments that is not fixed in
amount but is based on a factor other than just the
passage of time (e.g., percentage of sales, amount of
usage, price indices, market rates of interest).

Contingent settlement provisions are ignored when
they apply only in the event of liquidation of the issuer
or are not genuine.
A contingent share agreement is an agreement to
issue shares that is dependent on the satisfaction of
specified conditions.
Contingently issuable ordinary shares are ordinary
shares issuable for little or no cash or other
consideration upon the satisfaction of specified
conditions in a contingent share agreement.
The extent of the entity's continuing involvement in
the transferred asset is the extent to which it is
exposed to changes in the value of the transferred
asset.
An entity shall calculate basic earnings per share
amounts for profit or loss attributable to ordinary equity
holders of the parent entity and, if presented, profit or
loss from continuing operations attributable to those
equity holders.




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


An agreement between two or more parties that has
clear economic consequences that the parties have
little, if any, discretion to avoid, usually because the
agreement is enforceable at law. Contracts may take
a variety of forms and need not be in writing.

Contracts that may be settled in ordinary shares or
cash

However, in those rare cases when it is not possible to
estimate reliably the cash flows or the expected life of
a financial instrument (or group of financial
instruments), the entity shall use the contractual cash
flows over the full contractual term of the financial
instrument (or group of financial instruments).

IFRS 7 heading before para B11




A contributor shall disclose the nature of its interest in
a fund and any restrictions on access to the assets in
the fund.
Control is the power to govern the financial and
operating policies of an entity so as to obtain benefits
from its activities.
The power to obtain the future economic benefits that
flow from the asset.
The power to govern the financial and operating
policies of an enterprise so as to obtain benefits from
its activities.
An entity uses profit or loss from continuing operations
attributable to the parent entity as the control number
to establish whether potential ordinary shares are
dilutive or antidilutive.

These types of 'convenience translations' should be
clearly identified as supplementary information to
distinguish them from information required by IFRSs
and translated in accordance with the Standard.

The objectives of the Improvements project were to
reduce or eliminate alternatives, redundancies and
conflicts within Standards, to deal with some
convergence issues and to make other improvements.




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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Similarly, convertible debt is antidilutive whenever its
interest (net of tax and other changes in income or
expense) per ordinary share obtainable on conversion
exceeds basic earnings per share.
Antidilution is an increase in earnings per share or a
reduction in loss per share resulting from the
assumption that convertible instruments are
converted, that options or warrants are exercised, or
that ordinary shares are issued upon the satisfaction of
specified conditions.
Early conversion of convertible preference shares may
be induced by an entity through favourable changes to
the original conversion terms or the payment of
additional consideration.
National laws typically define a co-operative as a
society endeavouring to promote its members’
economic advancement by way of a joint business
operation (the principle of self-help).


Assets other than goodwill that contribute to the future
cash flows of both the cash-generating unit under
review and other cash-generating units.
The amount of cash or cash equivalents paid or the
fair value of the other consideration given to acquire
an asset at the time of its acquisition or construction.


The cost method is a method of accounting for an
investment whereby the investment is recognised at
cost. // A method of accounting for investments
whereby the investment is recorded at cost. The
income statement reflects income from the investment
only to the extent that the investor receives
distributions from accumulated net profits of the
investee arising subsequent to the date of acquisition.



For investment property accounted for under the cost
model, a replaced part may not be a part of the
investment property that an entity depreciates
separately.
The amount of cash or cash equivalents paid or the
fair value, at the date of exchange, of the other
purchase consideration given by the acquirer in
exchange for control over the net assets of the other
enterprise, plus any costs directly attributable to the
acquisition.




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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


The fair value of the asset received, which is
equivalent to the fair value of the consideration given
adjusted by the amount of any cash or cash
equivalents received or paid.
The carrying amount of the asset given up. However,
the fair value of the asset received may provide
evidence of an impairment in the asset given up.
Under these circumstances the asset given up is
written down and this written down value assigned to
the new asset.

Costs directly related to the units of production, such
as direct labour together with a systematic allocation of
fixed and variable production overheads that are
incurred in converting materials into finished goods.

All costs of purchase, costs of conversion and other
costs incurred in bringing the inventories to their
present location and condition.
The cost of inventories of a service provider does
not include profit margins or non-attributable
overheads that are often factored into prices charged
by service providers.
All of the purchase price, import duties and other taxes
(other than those subsequently recoverable by the
enterprise from the taxing authorities), and transport,
handling and other costs directly attributable to the
acquisition of the item. Trade discounts, rebates and
other similar items are deducted in determining the
costs of purchase.
A construction contract in which the contractor is
reimbursed for allowable or otherwise defined costs,
plus a percentage of these costs or a fixed fee.



(c)for those net identifiable assets acquired for which
IFRSs require cost-based measurement at a date after
the business combination, treats their carrying amount
under previous GAAP immediately after the business
combination as their deemed cost at that date
(paragraph B2(e)).
A pricing method which seeks to add an appropriate
mark-up to the supplier’s cost.
The costs of conversion of inventories include costs
directly related to the units of production, such as
direct labour.
Incremental costs directly attributable to the disposal
of an asset, excluding finance costs and income tax
expense.




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5




An entity that undertakes a number of financial
instrument transactions with a single counterparty
may enter into a 'master netting arrangement' with that
counterparty.
a list of significant investments in subsidiaries, jointly
controlled entities and associates, including the name,
country of incorporation or residence, proportion of
ownership interest and, if different, proportion of voting
power held
IFRS 7.IG11 At the start of the period of a 10-year
bond with a coupon of 8 per cent, the bond’s internal
rate of return is 8 per cent.

IFRS 7.38 When an entity obtains financial or non-
financial assets during the period by taking possession
of collateral it holds as security or calling on other
credit enhancements (eg guarantees), and such
assets meet the recognition criteria in other Standards,
an entity shall disclose
For each class of financial assets and other credit
exposures, an entity shall disclose information about
its exposure to credit risk, including:


heading above IFRS 7.IG23
The risk that one party to a financial instrument will fail
to discharge an obligation and cause the other party to
incur a financial loss.
If, however, the premium or discount results from a
change in the credit spread over the floating rate
specified in the instrument, or other variables that are
not reset to market rates, it is amortised over the
expected life of the instrument.



IFRS 7.B6 The disclosures required by paragraphs
31–42 shall be either given in the financial statements
or incorporated by cross-reference from the financial
statements to some other statement…

IAS 21 The Effects of Changes in Foreign Exchange
Rates requires an entity to classify some translation
differences as a separate component of equity and
transfer the cumulative translation differences (CTDs)
to the income statement on disposal of the subsidiary
in question.




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


A price risk – The risk that the value of a financial
instrument will fluctuate due to changes in foreign
exchange rates.


An asset that:(a) is expected to be realised in, or is
held for sale or consumption in, the normal course of
the enterprise’s operating cycle; or(b) is held primarily
for trading purposes or for the short-term and
expected to be realised within twelve months of the
balance sheet date; or(c) is cash or a cash equivalent
asset which is not restricted in its use.

The amount of cash or cash equivalents that would
have to be paid if the same or an equivalent asset was
acquired currently.The undiscounted amount of cash
or cash equivalents that would be required to settle an
obligation currently.
In general, methods which use replacement cost as
the primary measurement basis. If, however,
replacement cost is higher than both net realisable
value and present value, the higher of net realisable
value and present value is usually used as the
measurement basis.

A liability that:(a) is expected to be settled in the
normal course of the enterprise’s operating cycle; or(b)
is due to be settled within twelve months of the
balance sheet date.
The increase in the present value of the defined
benefit obligation resulting from employee service in
the current period.
The amount of income taxes payable (recoverable) in
respect of the taxable profit (tax loss) for a period.

A curtailment occurs when an enterprise either:(a) is
demonstrably committed to make a material reduction
in the number of employees covered by a plan; or(b)
amends the terms of a defined benefit plan such that a
material element of future service by current
employees will no longer qualify for benefits, or will
qualify only for reduced benefits.



The date on which control of the net assets and
operations of the acquirer is effectively transferred to
the acquirer.

The beginning of the earliest period for which an entity
presents full comparative information under IFRSs in
its first IFRS financial statements



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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5




Previous GAAP balances might not result in decision-
useful information in these countries.
The purpose of decommissioning, restoration and
environmental rehabilitation funds, hereafter referred
to as ‘decommissioning funds’ or ‘funds’, is to
segregate assets to fund some or all of the costs of
decommissioning plant (such as a nuclear plant) or
certain equipment (such as cars), or in undertaking
environmental rehabilitation (such as rectifying
pollution of water or restoring mined land), together
referred to as ‘decommissioning’.
The contributor shall recognise its obligation to pay
decommissioning costs as a liability and recognise its
interest in the fund separately unless the contributor is
not liable to pay decommissioning costs even if the
fund fails to pay.
The purpose of decommissioning, restoration and
environmental rehabilitation funds, hereafter referred
to as ‘decommissioning funds’ or ‘funds’, is to
segregate assets to fund some or all of the costs of
decommissioning plant (such as a nuclear plant) or
certain equipment (such as cars), or in undertaking
environmental rehabilitation (such as rectifying
pollution of water or restoring mined land), together
referred to as ‘decommissioning’.
funds that are established by a single contributor to
fund its own decommissioning obligations, whether for
a particular site, or for a number of geographically
dispersed sites.
The purpose of decommissioning, restoration and
environmental rehabilitation funds, hereafter referred
to as ‘decommissioning funds’ or ‘funds’, is to
segregate assets to fund some or all of the costs of
decommissioning plant (such as a nuclear plant) or
certain equipment (such as cars), or in undertaking
environmental rehabilitation (such as rectifying
pollution of water or restoring mined land), together
referred to as ‘decommissioning’.
A temporary difference that will result in amounts that
are deductible in determining taxable profit (tax loss)
of future periods when the carrying amount of the
asset or liability is recovered or settled.




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


An amount used as a surrogate for cost or depreciated
cost at a given date. Subsequent depreciation or
amortisation assumes that the entity had initially
recognised the asset or liability at the given date and
that its cost was equal to the deemed cost.




The tax base of the intangible assets was nil, giving
rise to a deferred tax liability (at 30 per cent) of 60.

The amounts of income taxes recoverable in future
periods in respect of:(a) deductible temporary
differences;(b) the carryforward of unused tax losses;
and(c) the carryforward of unused tax credits.


The amounts of income taxes payable in future
periods in respect of taxable temporary differences.
The net total of the following amounts:(a) the present
value of the defined benefit obligation at the balance
sheet date; (b) plus any actuarial gains (less any
actuarial losses) not recognised;(c) minus any past
service cost not yet recognised;(d) minus the fair value
at the balance sheet date of plan assets (if any) out of
which the obligations are to be settled directly.

The present value, without deducting any plan assets,
of expected future payments required to settle the
obligation resulting from employee service in the
current and prior periods.


Post-employment benefit plans other than defined
contribution plans.
Post-employment benefit plans under which an
enterprise pays fixed contributions into a separate
entity (a fund) and will have no legal or constructive
obligation to pay further contributions if the fund does
not hold sufficient assets to pay all employee




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


An enterprise is demonstrably committed to pay
termination benefits when, and only when, an
enterprise has a detailed formal plan for the
termination and is without realistic possibility of
withdrawal. The detailed plan should include, as a
minimum:(a) the location, function, and approximate
number of employees whose services are to be
terminated;(b) the termination benefits for each job
classification or function; and(c) the time at which the
plan will be implemented. Implementation should
begin as soon as possible and the period of time to
complete implementation should be such that material
changes to the plan are not likely.



The cost of an asset, or other amount substituted for
cost in the financial statements, less its residual value.


If there is no market-based evidence of fair value
because of the specialised nature of the item of
property, plant and equipment and the item is rarely
sold, except as part of a continuing business, an entity
may need to estimate fair value using an income or a
depreciated replacement cost approach.

The systematic allocation of the depreciable amount of
an asset over its useful life.
(d)does not restate the accumulated depreciation
and amortisation of the net identifiable assets in (c),
unless the depreciation methods and rates under
previous GAAP result in amounts that differ materially
from those required under IFRSs (for example, if they
were adopted solely for tax purposes and do not
reflect a reasonable estimate of the asset's useful life
under IFRSs).
Remove a financial asset or liability, or a portion of a
financial asset or liability, from an enterprise’s balance
sheet.

A financial instrument: (a) whose value changes in
response to the change in a specified interest rate,
security price, commodity price, foreign exchange rate,
index of prices or rates, a credit rating or credit index,
or similar variable (sometimes called the
‘underlying’);(b) that requires no initial net investment
or little initial net investment relative to other types of
contracts that have a similar response to changes in
market conditions; and(c) that is settled at a future
date.




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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5



The value of any derivative features (such as a call
option) embedded in the compound financial
instrument other than the equity component (such as
an equity conversion option) is included in the liability
component.
Financial instruments, such as financial options,
futures and forwards, interest rate swaps and currency
swaps, which create rights and obligations that have
the effect of transferring between the parties to the
instrument one or more of the financial risks inherent
in an underlying primary financial instrument.
Derivative instruments do not result in a transfer of the
underlying primary financial instrument on inception of
the contract and such a transfer does not necessarily
take place on maturity of the contract.

(c) under IAS 39, paragraph 9, derivative financial
assets and derivative financial liabilities are always
deemed held for trading (except for a derivative that is
a designated and effective hedging instrument).

This Standard provides guidance on the
determination of cost and its subsequent recognition
as an expense, including any write-down to net
realisable value.
Determining whether an arrangement is, or contains, a
lease shall be based on the substance of the
arrangement and requires an assessment of whether:
(a) fulfilment of the arrangement is dependent on the
use of a specific asset or assets (the asset); and (b)
fulfilment of the arrangement is dependent on the use
of a specific asset or assets (the asset); and

The application of research findings or other
knowledge to a plan or design for the production of
new or substantially improved materials, devices,
products, processes, systems or services prior to the
commencement of commercial production or use.


The amount of net profit for the period that is
attributable to ordinary shareholders divided by the
weighted average number of ordinary shares
outstanding during the period, both adjusted for the
effects of all dilutive potential ordinary shares.
Dilution is a reduction in earnings per share or an
increase in loss per share resulting from the
assumption that convertible instruments are
converted, that options or warrants are exercised, or
that ordinary shares are issued upon the satisfaction of
specified conditions.




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                          Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


In the calculation of diluted earnings per share, those
options or warrants have a dilutive effect if (a) the
average market price of the related ordinary shares for
the period exceeds the exercise price or (b) the selling
price of the instrument to be tendered is below that at
which the instrument may be tendered under the
option or warrant agreement and the resulting discount
establishes an effective exercise price below the
market price of the ordinary shares obtainable upon
exercise.
Potential ordinary shares whose conversion to ordinary
shares would decrease net profit per share from
continuing ordinary operations or increase loss per
share from continuing ordinary operations.
The diminishing balance method results in a
decreasing charge over the useful life.


A method which discloses major classes of gross cash
receipts and gross cash payments.
(ii)direct operating expenses (including repairs and
maintenance) arising from investment property that
generated rental income during the period; and


IFRS 7.B17 If an entity has exposure to only one type
of market risk in only one economic environment, it
would not show disaggregated information



IAS 32 Financial Instruments: Disclosure and
Presentation




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


A component of an enterprise: (a) that the enterprise,
pursuant to a single plan, is: (i) disposing of
substantially in its entirety, such as by selling the
component in a single transaction, by demerger or
spin-off of ownership of the component to the
enterprise’s shareholders; (ii) disposing of piecemeal,
such as by selling off the component’s assets and
settling its liabilities individually; or (iii) terminating
through abandonment; (b) that represents a separate
major line of business or geographical area of
operations; and(c) that can be distinguished
operationally and for financial reporting purposes.




Distributions of profits to holders of equity investments
in proportion to their holdings of a particular class of
capital.

(d) the expense recognised during the period in               IAS 24-17 provisions for doubtful debts
respect of bad or doubtful debts due from related
                                                              related to the amount of outstanding balances
parties.
                                                              (rezervy na pochybné dluhy související s
                                                              částkou nevyrovnaných závazků) SPRÁVNĚ:
                                                              opravná položka k nedobytným pohledávkám

For example, sales of assets from an investor (or its
consolidated subsidiaries) to an associate.




(d) The earnings contingency has no effect on basic
earnings per share because it is not certain that the
condition is satisfied until the end of the contingency
period.




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                             Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


In many cases, contemporaneous documentation
prepared to support the decision to acquire the asset
will contain an assessment of the future economic
benefits.
An entity may change its accounting policies for
exploration and evaluation expenditures if the change
makes the financial statements more relevant to the
economic decision-making needs of users and no less
reliable, or more reliable and no less relevant to those
needs.
The period over which an asset is expected to be
economically usable by one or more users or the
number of production or similar units expected to be
obtained from the asset by one or more users.


A method of calculating amortisation using the
effective interest rate of a financial asset or financial
liability. The effective interest rate is the rate that
exactly discounts the expected stream of future cash
payments through maturity or the next market-based
repricing date to the current net carrying amount of the
financial asset or financial liability. That computation
should include all fees and points paid or received
between parties to the contract. The effective interest
rate is sometimes termed the level yield to maturity or
to the next repricing date, and is the internal rate of
return of the financial asset or financial liability for that
period.

The effective interest rate is the rate that exactly
discounts estimated future cash payments or receipts
through the expected life of the financial instrument or,
when appropriate, a shorter period to the net carrying
amount of the financial asset or financial liability.

IG32An entity complies with IAS 21 The Effects of
Changes in Foreign Exchange Rates in determining its
measurement currency and presentation currency
(see SIC-19 Reporting Currency-Measurement and
Presentation of Financial Statements under IAS 21
and IAS 29).
 [ref] see paragraph 9:The following are examples of
expenditures that might be included in the initial
measurement of exploration and evaluation assets
(the list is not exhaustive):




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


A derivative that is a component of a hybrid
(combined) financial instrument that includes both the
derivative and a host contract – with the effect that
some of the cash flows of the combined instrument
vary in a similar way to a stand-alone derivative.

The existence or requirements of an emission rights
scheme may cause a reduction in the cash flows
expected to be generated by certain assets
All forms of consideration given by an enterprise in
exchange for service rendered by employees.


Similarly, the entity's actuarial assumptions at the date
of transition to IFRSs about future employee turnover
rates do not reflect a significant increase in estimated
employee turnover rates as a result of a curtailment of
the pension plan that occurred after the date of
transition to IFRSs (paragraph 32 of the IFRS).




IFRS 7.IG26 Past due does not mean that a
counterparty will never pay, but it can trigger various
actions such as renegotiation, enforcement of
covenants, or legal proceedin
(e)requires enhanced disclosure about the transition
to IFRSs.




Entity-specific value is the present value of the post-
tax cash flows an entity expects to arise from the
continuing use of an asset and from its disposal at the
end of its useful life or expects to incur when settling a
liability.




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                              Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Employee benefits under which either:(a) employees
are entitled to receive equity financial instruments
issued by the enterprise (or its parent); or(b) the
amount of the enterprise’s obligation to employees
depends on the future price of equity financial
instruments issued by the enterprise.
Formal or informal arrangements under which an
enterprise provides equity compensation benefits for
one or more employees.
If the liability component is no longer outstanding at
the date of transition to IFRSs, a first-time adopter
need not separate the initial equity component of the
instrument from the cumulative interest accreted on
the liability component (paragraph 23 of the IFRS).



Any contract that evidences a residual interest in the
assets of an enterprise after deducting all of its
liabilities.



A method of accounting whereby the investment (an
interest in a jointly controlled entity) is initially recorded
at cost and adjusted thereafter for the post acquisition
change in the investor’s (the venturer’s) share of net
assets of the investee (the jointly controlled entity).
The income statement reflects the investor’s (the
venturer’s) share of the results of operations of the
investee (the jointly controlled entity).




Net realisable value is the estimated selling price in
the ordinary course of business less the estimated
costs of completion and the estimated costs
necessary to make the sale.




It may use such event-driven fair value measurements
as deemed cost for IFRSs at the date of that
measurement.




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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Events after the balance sheet date are those events,
both favourable and unfavourable, that occur between
the balance sheet date and the date when the financial
statements are authorised for issue. Two types of
events can be identified:(a) those that provide
evidence of conditions that existed at the balance
sheet date (adjusting events after the balance sheet
date); and(b) those that are indicative of conditions
that arose after the balance sheet date (non-adjusting
events after the balance sheet date).

In addition to the types of events in paragraph 59,
objective evidence of impairment for an investment
in an equity instrument includes information about
significant changes with an adverse effect that have
taken place in the technological, market, economic or
legal environment in which the issuer operates, and
indicates that the cost of the investment in the equity
instrument may not be recovered.

The difference resulting from reporting the same
number of units of a foreign currency in the reporting
currency at different exchange rates.

The ratio for exchange of two currencies.
(b)to specify when exchange transactions (ie
transactions in which investment property is acquired
in exchange for non-monetary assets, in whole or in
part) have commercial substance and how such
transactions, with or without commercial substance,
are accounted for; and

The Board considered these cost-benefit constraints
and developed targeted exemptions from the general
principle described in paragraph BC25.


Fair value of all outstanding shares before the
exercise of rights + total amount received from
exercise of rights




Decreases in economic benefits during the accounting
period in the form of outflows or depletions of assets
or incurrences of liabilities that result in decreases in
equity, other than those relating to distributions to
equity participants.

The effect of differences between previous actuarial
assumptions and what has actually occurred.



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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5




The first annual financial statements in which an entity
adopts International Financial Reporting Standards
(IFRSs), by an explicit and unreserved statement of
compliance with IFRSs.
An entity shall disclose information that identifies and   Exploration and evaluation expenditures
explains the amounts recognised in its financial           recognised as assets in accordance with the entity’s
statements arising from the exploration for and            accounting policy.
evaluation of mineral resources.
An entity shall apply the IFRS to exploration and          Expenditures incurred by an entity in connection with
evaluation expenditures that it incurs.                    the exploration for and evaluation of mineral
                                                           resources before the technical feasibility and
                                                           commercial viability of extracting a mineral resource
                                                           are demonstrable.
An entity shall disclose information that identifies and   The search for mineral resources, including minerals,
explains the amounts recognised in its financial           oil, natural gas and similar non-regenerative resources
statements arising from the exploration for and            after the entity has obtained legal rights to explore in a
evaluation of mineral resources.                           specific area, as well as the determination of the
                                                           technical feasibility and commercial viability of
                                                           extracting the mineral resource.



Income or expenses that arise from events or
transactions that are clearly distinct from the ordinary
activities of the enterprise and therefore are not
expected to recur frequently or regularly.



The amount for which an asset could be exchanged,          Glossary: cost, cost of an acquisition,cost of an asset
or a liability settled, between knowledgeable, willing     aquired in exchange or part exchange for dissimilar
parties in an arm’s length transaction.                    asset, cost of an asset aquired in exchange or part
                                                           exchange for similar asset, cost of an investment,
                                                           defined benefit liability, fair value, goodwill, hedge
                                                           effectiveness, hedged item, hedging, hedging
                                                           instrument, historical cost, interest rate implicit in a
                                                           lease, liquidity risk, minimum lease payments,
                                                           revalued amount of an asset, settle net, transitional
                                                           liability (defined benefit plans)


This results in fair value measurement (except when
the entity cannot determine a reliable fair value, see
IAS 39, paragraph 70), with changes in fair value
recognised in the income statement.




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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5



IFRS 7.20(c)(ii) trust and other fiduciary activities
that result in the holding or investing of assets on
behalf of individuals, trusts, retirement benefit plans,
and other institutions
The assumption that the items of inventory which were
purchased first are sold first, and consequently the
items remaining in inventory at the end of the period
are those most recently purchased or produced.


A lease that transfers substantially all the risks and
rewards incident to ownership of an asset. Title may
or may not eventually be transferred.
In its consolidated opening IFRS balance sheet, parent
L recognises finance lease obligations of 300 and
leased assets of 250, and charges 50 to retained
earnings (paragraph B2(f)).
Any asset that is:(a) cash;(b) a contractual right to      Gloss: Amortised cost of a financial
receive cash or another financial asset from another       asset or financial liability, available-for-sale financial
enterprise;(c) a contractual right to exchange financial   asset, derecognise (a financial instrument), effective
instruments with another enterprise under conditions       interest method, financial asset, financial asset or
that are potentially favourable; or (d) an equity          liability held for trading, financial instrument, financial
instrument of another enterprise.                          liability, hedging instrument, held-to-maturity
                                                           investment, liquidity risk, loans and receivables
                                                           originated by the enterprise, monetary items (monetary
                                                           assets; monetary financial assets and financial
                                                           liabilities; monetary financial instruments), regular way
                                                           contract, repurchase agreement, securitisation,
                                                           settlement date, trading-financial asset or liability held
                                                           for trading, transaction cost (financial instrument);
                                                           History;

A financial asset or financial liability at fair value
through profit or loss is a financial asset or financial
liability that meets either of the following conditions.

A financial asset or liability that was acquired or
incurred principally for the purpose of generating a
profit from short-term fluctuations in price or dealer’s
margin. A financial asset should be classified as held
for trading if, regardless of why it was acquired, it is
part of a portfolio for which there is evidence of a
recent actual pattern of short-term profit-taking.
Derivative financial assets and derivative financial
liabilities are always deemed held for trading unless
they are designated and effective hedging instruments.


IFRS 7 BC6 ompetition between banks, non-bank
financial services firms, and financial conglomerates




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                             Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5




Any contract that gives rise to both a financial asset of
one enterprise and a financial liability or equity
instrument of another enterprise.




Any liability that is a contractual obligation:(a) to deliver
cash or another financial asset to another enterprise;
or (b) to exchange financial instruments with another
enterprise under conditions that are potentially
unfavourable.
(b)includes an illustrative example to show how a
first-time adopter might disclose how the transition to
IFRSs affected its reported financial position, financial
performance and cash flows, as required by
paragraphs 39(a) and (b), 40 and 41 of the IFRS
(paragraph IG63).
The relationship of the assets, liabilities, and equities
of an enterprise, as reported in the balance sheet.




A complete set of financial statements includes the             Glossary: accounting policies, accruel basis of
following components:(a) balance sheet;(b) income               accounting, consolidated financial statements,
statement;(c) a statement showing either: (i) all               depreciable amount, events after the balance sheet
changes in equity; or (ii) changes in equity other than         date, financial statements, fundamental errors, general
those arising from capital transactions with owners             purchasing power approach, interim financial report,
and distributions to owners; (d) cash flow statement;           materiality, measurement, neutrality, proportionate
and(e) accounting policies and explanatory notes.               consolidation, reporting currency, reporting enterprise,
                                                                understandability; History;



Activities that result in changes in the size and
composition of the equity capital and borrowings of the
enterprise.


A binding agreement for the exchange of a specified
quantity of resources at a specified price on a
specified future date or dates.

Provisions may arise from firm sales contracts in
excess of inventory quantities held or from firm
purchase contracts.



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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


The first annual financial statements in which an entity
adopts International Financial Reporting Standards
(IFRSs), by an explicit and unreserved statement of
compliance with IFRSs.

However, the Board decided that it is more important
to achieve comparability over time within a first-time
adopter's first IFRS financial statements and between
different entities adopting IFRSs for the first time at a
given date; achieving comparability between first-time
adopters and entities that already apply IFRSs is a
secondary objective.       "An entity that presents its
first IFRS financial statements"

IFRS 1 FIRST-TIME ADOPTION OF
INTERNATIONAL FINANCIAL REPORTING
STANDARDS


If an entity's first IFRS financial statements are for a
period beginning before 1 January 2004 and the entity
applies this IFRS instead of SIC-8 First-time
Application of IASs as the Primary Basis of
Accounting, it shall disclose that fact.



IFRS 7.IG8 On 1 January 20X1, an entity issues a 10-
year bond with a par value of CU150,000 and an
annual fixed coupon rate of 8 per cent, which is
consistent with market rates for bonds with similar
characteristics
A contract in which the contractor agrees to a fixed
contract price, or a fixed rate per unit of output, which
in some cases is subject to cost escalation clauses.

Those indirect costs of production that remain
relatively constant regardless of the volume of
production, such as depreciation and maintenance of
factory buildings and equipment, and the cost of
factory management and administration.
IFRS 7.IG10 The entity assumes a flat yield curve, all
changes in interest rates result from a parallel shift in
the yield curve, and the changes in LIBOR are the only
relevant changes in market conditions




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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Any resultant exchange differences shall be
recognised as income or expense immediately, except
that an entity shall continue to apply its existing
accounting policy for exchange gains and losses
related to hedges of the currency risk of a forecast
transaction.
A currency other than the reporting currency of an
enterprise.
IAS 39 applies to many foreign currency derivatives
and, accordingly, these are excluded from the scope
of this Standard.
A transaction which is denominated in or requires
settlement in a foreign currency.
A foreign operation, the activities of which are not an
integral part of those of the reporting enterprise.



IG32An entity complies with IAS 21 The Effects of
Changes in Foreign Exchange Rates in determining its
measurement currency and presentation currency
(see SIC-19 Reporting Currency-Measurement and
Presentation of Financial Statements under IAS 21
and IAS 29).
A subsidiary, associate, joint venture or branch of the
reporting enterprise, the activities of which are based
or conducted in a country other than the country of the
reporting enterprise.
Loans which the lender undertakes to waive
repayment of under certain prescribed conditions.




The term 'functional currency' is used in place of
'measurement currency' (the term used in SIC-19)
because it is the more commonly used term, but with
essentially the same meaning.
Errors discovered in the current period that are of such
significance that the financial statements of one or
more prior periods can no longer be considered to
have been reliable at the date of their issue.

In this case, the estimates under IFRSs need to be
consistent with estimates made for that date under
previous GAAP, unless there is objective evidence that
those estimates were in error (see IAS 8 Net Profit or
Loss for the Period, Fundamental Errors and Changes
in Accounting Policies).



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                             Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Contributions by an enterprise, and sometimes its
employees, into an entity, or fund, that is legally
separate from the reporting enterprise and from which
the employee benefits are paid.

The potential to contribute, directly or indirectly, to the
flow of cash and cash equivalents to the enterprise.
The potential may be a productive one that is part of
the operating activities of the enterprise. It may also
take the form of convertibility into cash or cash
equivalents or a capability to reduce cash outflows,
such as when an alternative manufacturing process
lowers the costs of production.


Previous GAAP may differ significantly from IFRSs,
and in some countries there are no accounting
requirements at all for business combinations.

Increases in economic benefits and as such are no
different in nature from revenue.
The restatement of some or all of the items in the
financial statements for changes in the general price
level.
In the Exposure Draft (ED), the Board proposed to
include within IAS 16's general recognition principle
only the recognition of subsequent expenditures that
are replacements of a part of an item of property, plant
and equipment.
A distinguishable component of an enterprise that is
engaged in providing products or services within a
particular economic environment and that is subject to
risks and returns that are different from those of
components operating in other economic
environments.
The enterprise is normally viewed as a going concern,
that is, as continuing in operation for the foreseeable
future. It is assumed that the enterprise has neither
the intention nor the necessity of liquidation or of
curtailing materially the scale of its operations.

Any excess of the cost of the acquisition over the
acquirer’s interest in the fair value of the identifiable
assets and liabilities acquired as at the date of the
exchange transaction.
In its history, the entity has never refused to redeem
members’ shares, although the governing board has
the right to do so.

If redemption is unconditionally prohibited by local law,
regulation or the entity’s governing charter, members’
shares are equity.



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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Government, government agencies and similar bodies
whether local, national or international.
Action by government designed to provide an
economic benefit specific to an enterprise or range of
enterprises qualifying under certain criteria.


Assistance by government in the form of transfers of
resources to an enterprise in return for past or future
compliance with certain conditions relating to the
operating activities of the enterprise. They exclude
those forms of government assistance which cannot
reasonably have a value placed upon them and
transactions with government which cannot be
distinguished from the normal trading transactions of
the enterprise.
This occurs, for example, when agricultural crops have
been harvested or minerals have been extracted and
sale is assured under a forward contract or a
government guarantee, or when an active market
exists and there is a negligible risk of failure to sell.


Government grants whose primary condition is that an
enterprise qualifying for them should purchase,
construct or otherwise acquire long-term assets.
Subsidiary conditions may also be attached restricting
the type or location of the assets or the periods during
which they are to be acquired or held.

Government grants other than those related to assets.

The aggregate of the minimum lease payments under
a finance lease from the standpoint of the lessor and
any unguaranteed residual value accruing to the
lessor.


A parent and all its subsidiaries.
An aggregation of single employer plans combined to
allow participating employers to pool their assets for
investment purposes and reduce investment
management and administration costs, but the claims
of different employers are segregated for the sole
benefit of their own employees.



An aggregation of similar living animals or plants.




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


In the case of the lessee, that part of the residual value
which is guaranteed by the lessee or by a party related
to the lessee (the amount of the guarantee being the
maximum amount that could, in any event, become
payable); and in the case of the lessor, that part of the
residual value which is guaranteed by the lessee or by
a third party unrelated to the lessor who is financially
capable of discharging the obligations under the
guarantee.

The detachment of produce from a biological asset or
the cessation of a biological asset’s life processes.

(b)The continuation of previous GAAP hedge
accounting practices could permit the non-recognition
of derivatives or the recognition of deferred debits and
credits that are not assets and liabilities.

The degree to which offsetting changes in fair value or
cash flows attributable to a hedged risk are achieved
by the hedging instrument.
However, if an entity designated a net position as a
hedged item under previous GAAP, it may designate
an individual item within that net position as a hedged
item under IFRSs, provided that it does so no later
than the date of transition to IFRSs.//An asset, liability,
firm commitment, or forecasted future transaction that
(a) exposes the enterprise to risk of changes in fair
value or changes in future cash flows and that (b) for
hedge accounting purposes, is designated as being
hedged.



Designating one or more hedging instruments so that
their change in fair value is an offset, in whole or in
part, to the change in fair value or cash flows of a
hedged item.
A designated derivative or (in limited circumstances)
another financial asset or liability whose fair value or
cash flows are expected to offset changes in the fair
value or cash flows of a designated hedged item. A
non-derivative financial asset or liability may be
designated as a hedging instrument for hedge
accounting purposes only if it hedges the risk of
changes in foreign currency exchange rates.




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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


29An entity shall not reflect in its opening IFRS
balance sheet a hedging relationship of a type that
does not qualify for hedge accounting under IAS 39
(for example, many hedging relationships where the
hedging instrument is a cash instrument or written
option; where the hedged item is a net position; or
where the hedge covers interest risk in a held-to-
maturity investment).

Inventories encompass goods purchased and held for
resale including, for example, merchandise purchased
by a retailer and held for resale, or land and other
property held for resale.

Financial assets with fixed or determinable payments
and fixed maturity that an enterprise has the positive
intent and ability to hold to maturity other than loans
and receivables originated by the enterprise.


The definition of a lease includes contracts for the hire
of an asset which contain a provision giving the hirer
an option to acquire title to the asset upon the
fulfilment of agreed conditions. These contracts are
sometimes known as hire purchase contracts.
Assets are recorded at the amount of cash or cash
equivalents paid or the fair value of the consideration
given to acquire them at the time of their acquisition.
Liabilities are recorded at the amount of proceeds
received in exchange for the obligation, or in some
circumstances (for example, income taxes), at the
amounts of cash or cash equivalents expected to be
paid to satisfy the liability in the normal course of
business.
Future cash flows in a group of financial assets that
are collectively evaluated for impairment are estimated
on the basis of historical loss experience for assets
with credit risk characteristics similar to those in the
group.
In any financial statements containing historical
summaries or comparative information under previous
GAAP, an entity shall:



An example of a hybrid instrument is a financial
instrument that gives the holder a right to put the
financial instrument back to the issuer in exchange for
an amount of cash or other financial assets that varies
on the basis of the change in an equity or commodity
index that may increase or decrease (a 'puttable
instrument').



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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Loss of purchasing power of money at such a rate that
comparison of amounts from transactions and other
events that have occurred at different times, even
within the same accounting period, is misleading.
Hyperinflation is indicated by characteristics of the
economic environment of a country which include, but
are not limited to, the following:(a) the general
population prefers to keep its wealth in nonmonetary
assets or in a relatively stable foreign currency.
Amounts of local currency held are immediately
invested to maintain purchasing power;(b) the general
population regards monetary amounts not in terms of
the local currency but in terms of a relatively stable
foreign currency. Prices may be quoted in that
currency;(c) sales and purchases on credit take place
at prices that compensate for the expected loss of
purchasing power during the credit period, even if the
period is short; (d) interest rates, wages and prices are
linked to a price index; and(e) the cumulative inflation
rate over three years is approaching, or exceeds,
100%.




However, the Board concluded that a requirement to
measure all assets and liabilities at fair value at the
date of transition to IFRSs would be unreasonable,
given that an entity may use an IFRS-compliant cost-
based measurement before and after that date for
some items.
When recoverable amount declines below carrying
amount.
The amount by which the carrying amount of an asset
exceeds its recoverable amount.
IAS 36 Impairment of Assets and IAS 37 Provisions,
Contingent Liabilities and Contingent Assets

The impairment test shall be based on conditions at
the date of transition to IFRSs.
IFRS 1 IMPLEMENTATION GUIDANCE JUNE 2003




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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Consistently with the Exposure Draft's proposals, the
Standard provides an impracticability exemption from
retrospective application of changes in accounting
policies, including retrospective application of changes
made in accordance with the transitional provisions in
a Standard or an Interpretation.

Impracticable Applying a requirement is impracticable
when the entity cannot apply it after making every
reasonable effort to do so.
The more clearly determinable of either:(a) the
prevailing rate for a similar instrument of an issuer with
a similar credit rating; or(b) a rate of interest that
discounts the nominal amount of the instrument to the
current cash sales price of the goods or services.

If these contracts are 'in the money' during the period
(ie the exercise or settlement price is above the
average market price for that period), the potential
dilutive effect on earnings per share shall be
calculated as follows:
The inception of the lease is the earlier of the date of
the lease agreement and the date of commitment by
the parties to the principal provisions of the lease.


Because incidental operations are not necessary to
bring an asset to the condition necessary for it to be
capable of operating in the manner intended by
management, the income and related expenses of
incidental operations are recognised in profit or loss,
and included in their respective classifications of
income and expense.
Increases in economic benefits during the accounting
period in the form of inflows or enhancements of
assets or decreases of liabilities that result in
increases in equity, other than those relating to
contributions from equity participants.




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                             Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Preference shares that provide for a low initial dividend
to compensate an entity for selling the preference
shares at a discount, or an above-market dividend in
later periods to compensate investors for purchasing
preference shares at a premium, are sometimes
referred to as increasing rate preference shares.

Therefore, to maximise the dilution of basic earnings
per share, each issue or series of potential ordinary
shares is considered in sequence from the most
dilutive to the least dilutive, ie dilutive potential ordinary
shares with the lowest 'earnings per incremental share'
are included in the diluted earnings per share
calculation before those with a higher earnings per
incremental share.


Under this method, net profit or loss is adjusted for the
effects of transactions of a non-cash nature, any
deferrals or accruals of past or future operating cash
receipts or payments, and items of income or expense
associated with investing or financing cash flows.


For groups with subsidiaries that are required to
prepare individual financial statements, the cost could
be extensive as enterprises may create a separate
subsidiary to hold each property;
The redemption or induced conversion of convertible
preference shares may affect only a portion of the
previously outstanding convertible preference shares.




Initial direct costs are incremental costs that are
directly attributable to negotiating and arranging a
lease.
The occurrence of one of the following, whichever         BV 2003 Glossary definition
occurs earlier: (a) the enterprise has entered into a
binding sale agreement for substantially all of the
assets attributable to the discontinuing operation; or(b)
the enterprise’s board of directors or similar governing
body has both (i) approved a detailed, formal plan for
the discontinuance and (ii) made an announcement of
the plan.




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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


IG50A first-time adopter may elect to use the fair
value of an intangible asset at the date of an event
such as a privatisation or initial public offering as its
deemed cost at the date of that event (paragraph 19 of
the IFRS), provided that the intangible asset qualifies
for recognition under IAS 38 (paragraph 10 of the
IFRS).


Payment to a third party, including a trust (sometimes
called 'in-substance defeasance'), does not, by itself,
relieve the debtor of its primary obligation to the
creditor, in the absence of legal release.




An identifiable non-monetary asset without physical
substance held for use in the production or supply of
goods or services, for rental to others, or for
administrative purposes.



The Standard revises the requirements in the previous
version of IAS 21 for distinguishing between foreign
operations that are integral to the operations of the
reporting entity (referred to below as 'integral foreign
operations') and foreign entities.
                                                            Glossary: borrowing costs, contingent rate, derivative,
                                                            derivative financial instruments, effective interest
                                                            method, equity, equity instrument, equity method,
                                                            goodwill, hiperinflation, imputed rate of interest,
                                                            incremental borrowing rate of interest (lessee's),
                                                            interest cost (for an employee benefit plan), interest
                                                            rate implicit in a lease, interest rate risks, investment,
                                                            jointly controlled entity,minority interest, negative
                                                            goodwill, price risk, repurchase agreement, return on
                                                            plan assets(of an employee benefit plan), segment
                                                            result, unearned finance income;




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


The increase during a period in the present value of a
defined benefit obligation which arises because the
benefits are one period closer to settlement.
The discount rate that, at the inception of the lease,
causes the aggregate present value of:(a) the
minimum lease payments; and(b) the unguaranteed
residual valueto be equal to the fair value of the leased
asset.
The interest rate implicit in the lease is the discount
rate that, at the inception of the lease, causes the
aggregate present value of (a) the minimum lease
payments and (b) the unguaranteed residual value to
be equal to the sum of (i) the fair value of the leased
asset and (ii) any initial direct costs of the lessor.

A price risk – The risk that the value of a financial
instrument will fluctuate due to changes in market
interest rates.
For example, when an entity enters into an interest
rate strip whereby the counterparty obtains the right to
the interest cash flows, but not the principal cash flows
from a debt instrument, paragraphs 17-23 are applied
to the interest cash flows.


(e) An embedded prepayment option in an interest-
only or principal-only strip is closely related to the
host contract provided the host contract (i) initially
resulted from separating the right to receive
contractual cash flows of a financial instrument that, in
and of itself, did not contain an embedded derivative,
and (ii) does not contain any terms not present in the
original host debt contract.

A financial report containing either a complete set of
financial statements (as described in IAS 1) or a set of
condensed financial statements (as described in IAS
34) for an interim period.


A financial reporting period shorter than a full financial
year.
IFRS 7B4(a) First, the entity computes the liability’s
internal rate of return at the start of the period using
the observed market price of the liability and the
liability’s contractual cash flows at the start of the
period




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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


IG47If an internally generated intangible asset
qualifies for recognition at the date of transition to
IFRSs, an entity recognises the asset in its opening
IFRS balance sheet even if it had recognised the
related expenditure as an expense under previous
GAAP.




IFRS 1 should be read in the context of its objective
and the Basis for Conclusions, the Preface to
International Financial Reporting Standards and the
Framework for the Preparation and Presentation of
Financial Statements.
The Board noted that the financial statements of an
entity that is part of a consolidated group may include
the effects of extensive intragroup transactions.



Assets:(a) held for sale in the ordinary course of
business; (b) in the process of production for such
sale; or (c) in the form of materials or supplies to be
consumed in the production process or in the
rendering of services.Inventories encompass goods
purchased and held for resale including, for example,
merchandise purchased by a retailer and held for
resale, or land and other property held for resale.
Inventories also encompass finished goods produced,
or work in progress being produced, by the enterprise
and include materials and supplies awaiting use in the
production process. In the case of a service provider,
inventories include the costs of the service for which
the enterprise has not yet recognised the related
revenue.
The equity method is a method of accounting whereby
the investment is initially recognised at cost and
adjusted thereafter for the post acquisition change in
the investor’s share of net assets of the investee.

The acquisition and disposal of long-term assets and
other investments not included in cash equivalents.




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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


IFRS 7.IG18(b) Thus, if an entity’s counterparties are
concentrated in one or more credit qualities (such as
secured loans or unsecured loans) or in one or more
credit ratings (such as investment grade or
speculative grade), it would disclose separately
exposure to risks arising from each concentration of
counterparties

Property (land or a building - or part of a building - or
both) held (by the owner or by the lessee under a
finance lease) to earn rentals or for capital
appreciation or both, rather than for:(a) use in the
production or supply of goods or services or for
administrative purposes; or(b) sale in the ordinary
course of business.
Securities acquired and held for yield or capital growth
purposes, usually held to maturity.


1. This Standard shall be applied in accounting for
investments in associates. However, it does not apply
to investments in associates held by:
(a) venture capital organisations, or
(b) mutual funds, unit trusts and similar entities
including investment-linked insurance funds



A party to a joint venture that does not have joint
control over that joint venture.


(d)irrevocable commitments and contingencies and
commitments arising from off balance sheet items.




Specific identification of cost means that specific costs
are attributed to identified items of inventory.

The contractually agreed sharing of control over an
economic activity.
A contractual arrangement whereby two or more
parties undertake an economic activity which is subject
to joint control.




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                              Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


A joint venture which involves the establishment of a
corporation, partnership or other entity in which each
venturer has an interest. The entity operates in the
same way as other enterprises, except that a
contractual arrangement between the venturers
establishes joint control over the economic activity of
the entity.

Key management personnel are those persons having
authority and responsibility for planning, directing and
controlling the activities of the entity, directly or
indirectly, including any director (whether executive or
otherwise) of that entity.

An agreement whereby the lessor conveys to the
lessee in return for a payment or series of payments
the right to use an asset for an agreed period of time.

The non-cancellable period for which the lessee has
contracted to lease the asset together with any further
terms for which the lessee has the option to continue
to lease the asset, with or without further payment,
which option at the inception of the lease it is
reasonably certain that the lessee will exercise.

The gain or loss arising from the derecognition of an
item of property, plant and equipment shall be included
in profit or loss when the item is derecognised (unless
IAS 17 requires otherwise on a sale and leaseback).


Some leasehold interests held for investment would
remain classified as operating leases (eg leases with
significant contingent rents), and hence could not be
investment property in accordance with IAS 40.



Usually a merger between two companies in which
either:(a) the assets and liabilities of one company are
transferred to the other company and the first
company is dissolved; or(b) the assets and liabilities of
both companies are transferred to a new company and
both the original companies are dissolved.

An obligation that derives from:(a) a contract (through
its explicit or implicit terms); (b) legislation; or(c) other
operation of law.




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5




The lessee's incremental borrowing rate of interest is
the rate of interest the lessee would have to pay on a
similar lease or, if that is not determinable, the rate
that, at the inception of the lease, the lessee would
incur to borrow over a similar term, and with a similar
security, the funds necessary to purchase the asset.



IFRS7.IG38 For example, an entity may acquire a zero-
cost interest rate collar that includes an out-of-the-
money leveraged written option
However, the acquirer applies paragraph 25 to new
assets acquired, and liabilities assumed, by the
acquiree after that business combination and still held
at the acquirer's date of transition to IFRSs.
A present obligation of the enterprise arising from past
events, the settlement of which is expected to result in
an outflow from the enterprise of resources embodying
economic benefits.
If the liability component is no longer outstanding at
the date of transition to IFRSs, a first-time adopter
need not separate the initial equity component of the
instrument from the cumulative interest accreted on
the liability component (paragraph 23 of the IFRS).




The assumption that the items of inventory which were
purchased or produced last are sold first, and
consequently the items remaining in inventory at the
end of the period are those first purchased or
produced.



The availability of sufficient funds to meet deposit
withdrawals and other financial commitments as they
fall due.

The risk that an enterprise will encounter difficulty in
raising funds to meet commitments associated with
financial instruments. Liquidity risk may result from an
inability to sell a financial asset quickly at close to its
fair value.




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                             Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5




Instruments that are classified as loans and
receivables are measured at amortised cost without
regard to the entity's intention to hold them to maturity.

Financial assets that are created by the enterprise by
providing money, goods, or services directly to a
debtor other than those that are originated with the
intent to be sold immediately or in the short term,
which should be classified as held for trading.
Loans payable are financial liabilities, other than short- Financial liabilities, other than short-term trade
term trade payables on normal credit terms                 payables on normal credit terms
IFRS 7.18(b) the carrying amount of the loans
payable in default at the reporting date


A financial asset or a group of financial assets is
impaired and impairment losses are incurred if, and
only if, there is objective evidence of impairment as a
result of one of more events that occurred after the
initial recognition of the asset (a 'loss event') and that
loss event (or events) has an impact on the estimated
future cash flows of the financial asset or group of
financial assets that can be reliably estimated.

An entity shall present basic and diluted earnings per
share, even if the amounts are negative (ie a loss per
share).

Decreases in economic benefits and as such they are
no different in nature from other expenses.


IFRS 7.BC43/c) inclusion of such information in a
management commentary section outside the
financial statements would be consistent with practice
in other jurisdictions, including the US


In that case, if the effect is dilutive, the calculation of
diluted earnings per share is based on the number of
ordinary shares that would be issued if the market
price at the end of the reporting period were the
market price at the end of the contingency period.

If artificially low rates of interest are quoted, selling
profit shall be restricted to that which would apply if a
market rate of interest were charged.




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                             Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


A price risk – The risk that the value of a financial
instrument will fluctuate as a result of changes in
market prices whether those changes are caused by
factors specific to the individual security or its issuer or
factors affecting all securities trade
The amount obtainable from the sale, or payable on
the acquisition, of a financial instrument in an active
market.


An arrangement providing for an enterprise that
undertakes a number of financial instrument
transactions with a single counterparty to make a
single net settlement of all financial instruments
covered by the agreement in the event of default on, or
termination of, any one contract.
Expenses are recognised in the income statement on
the basis of a direct association between the costs
incurred and the earning of specific items of income.
This process involves the simultaneous or combined
recognition of revenues and expenses that result
directly and jointly from the same transactions or other
events. However, the application of the matching
concept does not allow the recognition of items in the
balance sheet which do not meet the definition of
assets or liabilities.
EXPLANATION OF MATERIAL ADJUSTMENTS TO
THE CASH FLOW STATEMENT FOR 2004:
Financial statements do not comply with IFRSs if they
contain either material errors or immaterial errors
made intentionally to achieve a particular presentation
of an entity's financial position, financial performance
or cash flows.
Material Omissions or misstatements of items are
material if they could, individually or collectively,
influence the economic decisions of users taken on
the basis of the financial statements.




The process of determining the monetary amounts at
which the elements of the financial statements are to
be recognised and carried in the balance sheet and
income statement.


IFRS 7.B5(a)(iii) ...that disclosure includes a narrative
description of the circumstances underlying the
measurement or recognition inconsistency that
would otherwise arise



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                             Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5




Members’ interests in a co-operative are often
characterised as members’ shares, units or the like,
and are referred to below as ‘members’ shares’.




Inventories encompass goods purchased and held for
resale including, for example, merchandise
purchased by a retailer and held for resale, or land and
other property held for resale.


The previous Standard was amended to replace the
words ‘mineral ores’ with ‘minerals and mineral
products’ to clarify that the scope exemption is not
limited to the early stage of extraction of mineral ores.

The payments over the lease term that the lessee is or
can be required to make (excluding costs for services
and taxes to be paid by and be reimbursable to the
lessor) together with:(a) in the case of the lessee, any
amounts guaranteed by the lessee or by a party
related to the lessee; or(b) in the case of the lessor,
any residual value guaranteed to the lessor by either:
(i) the lessee; (ii) a party related to the lessee; or (iii)
an independent third party financially capable of
meeting this guarantee.However, if the lessee has the
option to purchase the asset at a price which is
expected to be sufficiently lower than the fair value at
the date the option becomes exercisable that, at the
inception of the lease, it is reasonably certain that the
option will be exercised, the minimum lease payments
comprise the minimum rentals payable over the lease
term and payment required to exercise this purchase
option.

That part of the net results of operations and of net
assets of a subsidiary attributable to interests which
are not owned, directly or indirectly through
subsidiaries, by the parent.

Material Omissions or misstatements of items are
material if they could, individually or collectively,
influence the economic decisions of users taken on
the basis of the financial statements.
IFRS 7.IG15(b)(iv) the entity’s processes for
monitoring the continuing effectiveness of such
hedges or mitigating devices




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Money held and assets (financial assets) and liabilities
(financial liabilities) to be received or paid in fixed or
determinable amounts of money.
(d)Although a new IFRS may have unforeseen
consequences if another party uses financial
statements to monitor compliance with a contract or
agreement, that possibility does not justify prospective
application (paragraph BC13(a)).

Defined contribution plans (other than state plans) or
defined benefit plans (other than state plans) that:(a)
pool the assets contributed by various enterprises that
are not under common control; and(b) use those
assets to provide benefits to employees of more than
one enterprise, on the basis that contribution and
benefit levels are determined without regard to the
identity of the enterprise that employs the employees
concerned.


IFRS 7.17 If an entity has issued an instrument that
contains both a liability and an equity component (see
paragraph 28 of IAS 32) and the instrument has
multiple embedded derivatives whose values are
interdependent (such as a callable convertible debt
instrument), it shall disclose the existence of those
features


The Standard stipulates that the requirement to
consolidate investments in subsidiaries applies to
venture capital organisations, mutual funds, unit trusts
and similar entities.

(a)stops presenting financial statements under
national requirements, having previously presented
them as well as another set of financial statements
that contained an explicit and unreserved statement of
compliance with IFRSs;


Any (remaining) excess, as at the date of the
exchange transaction, of the acquirer’s interest in the
fair values of the identifiable assets and liabilities
acquired over the cost of the acquisition.




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


The gain or loss arising from the derecognition of an
item of property, plant and equipment shall be
determined as the difference between the net disposal
proceeds, if any, and the carrying amount of the item.

(viii) the net exchange differences arising on the
translation of the financial statements from the
functional currency into a different presentation
currency, including the translation of a foreign
operation into the presentation currency of the
reporting entity; and
On acquisition of the investment any difference
(whether positive or negative) between the cost of the
investment and the investor’s share of the fair values
of the net identifiable assets of the associate is treated
as goodwill (see IAS 22).

The reporting enterprise’s share in the net assets of
that entity.
Net investment in a foreign operation is the amount of
the reporting entity's interest in the net assets of that
operation.
The gross investment in the lease less unearned
finance income.


However, if an entity designated a net position as a
hedged item under previous GAAP, it may designate
an individual item within that net position as a hedged
item under IFRSs, provided that it does so no later
than the date of transition to IFRSs.


Comprises the following components:(a) profit or loss
from ordinary activities; and(b) extraordinary items.




Net realisable value is the estimated selling price in
the ordinary course of business less the estimated
costs of completion and the estimated costs necessary
to make the sale.
 The amount obtainable from the sale of an asset in an
arm’s length transaction between knowledgeable,
willing parties, less the costs of disposal.


Freedom from bias of the information contained in
financial statements.




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


If neither the entity's parent nor the ultimate controlling
party produces financial statements available for public
use, the name of the next most senior parent that does
so shall also be disclosed.
See events after the balance sheet date

IFRS 7.BC6 The Board observed that the reduction in
regulatory barriers in many countries and increasing
competition between banks, non-bank financial
services firms, and financial conglomerates have
resulted in many entities providing financial services
that were traditionally provided only by entities
regulated and supervised as banks

A lease that is cancellable only:(a) upon the
occurrence of some remote contingency;(b) with the
permission of the lessor;(c) if the lessee enters into a
new lease for the same or an equivalent asset with the
same lessor; or(d) upon payment by the lessee of an
additional amount such that, at inception, continuation
of the lease is reasonably certain.


Non-coterminous year-ends
IN 12 When financial statements of an associate used
in applying the equity method are prepared as of a
reporting date that is different from that of the investor,
the difference must be no greater than three months.




(i) non-derivative that includes no contractual
obligation for the issuer to deliver a variable number of
its own equity instruments; or

For example, the reduction of interest expense related
to potential ordinary shares and the resulting increase
in profit or reduction in loss may lead to an increase in
the expense related to a non-discretionary employee
profit-sharing plan.

The fair value model differs from the revaluation model
that is permitted for some non-financial assets.




When preference shares are non-redeemable, the
appropriate classification is determined by the other
rights that attach to them.



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                              Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


(a) its purchase price, including import duties and
non-refundable purchase taxes, after deducting trade
discounts and rebates;
The production expected to be achieved on average
over a number of periods or seasons under normal
circumstances, taking into account the loss of capacity
resulting from planned maintenance.
(b) notes receivable and payable;



An event that creates a legal or constructive obligation
that results in an enterprise having no realistic
alternative to settling that obligation.
A duty or responsibility to act or perform in a certain       Gloss; constructive obligation,
way. Obligations may be legally enforceable as a             contingent liability, credit risk, current cost, current
consequence of a binding contract or statutory               service cost, defined benefit liability, defined benefit
requirement. Obligations also arise, however, from           obligation (present value of), defined contribution
normal business practice, custom and a desire to             plans, equity compensation benefits, financial liability,
maintain good business relations or act in an equitable      historical cost, interest cost (for an employee benefit
manner.                                                      plan), legal obligation, liability, obligating event,
                                                             obligation, past service cost, plan assets (of an
                                                             employee benefit plan), present value of a defined
                                                             benefit obligation, projected unit credit method,
                                                             repurchase agreement, settlement (of employee
                                                             benefit obligations), transitional liability (defined benefit
                                                             plans);
In accordance with IAS 37 Provisions, Contingent
Liabilities and Contingent Assets an entity recognises
any obligations for removal and restoration that are
incurred during a particular period as a consequence
of having undertaken the exploration for and
evaluation of mineral resources.
IFRS 7.IG9 The entity uses LIBOR as its observable
(benchmark) interest rate
IFRS 7.IG14 This valuation technique includes
variables other than data from observable markets

IFRS 7.9(c) Changes in market conditions that give
rise to market risk include changes in an observed
(benchmark) interest rate, commodity price, foreign
exchange rate or index of prices or rates

(a) First, the entity computes the liability's internal
rate of return at the start of the period using the
observed market price of the liability and the liability's
contractual cash flows at the start of the period.




See set-off, legal right of



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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


A contract in which the unavoidable costs of meeting
the obligations under the contract exceed the
economic benefits expected to be received under it.


BC25The Board decided as a general principle that a
first-time adopter should measure all assets and
liabilities recognised in its opening IFRS balance sheet
on the basis required by the relevant IFRSs. "An
entity's balance sheet (published or unpublished) at
the date of transition to IFRSs".
The principal revenue-producing activities of an
enterprise and other activities that are not investing or
financing activities.
The time between the acquisition of materials entering
into a process and its realisation in cash or an
instrument that is readily convertible into cash.

A lease other than a finance lease.

A financial instrument that gives the holder the right to
purchase ordinary shares.
Both parties to a forward contract have an obligation to
perform at the agreed time, whereas performance
under an option contract occurs only if and when the
holder of the option chooses to exercise it.


Any activities which are undertaken by an enterprise
as part of its business and such related activities in
which the enterprise engages in furtherance of,
incidental to, or arising from these activities.

Net realisable value is the estimated selling price in
the ordinary course of business less the estimated
costs of completion and the estimated costs necessary
to make the sale.
An equity instrument that is subordinate to all other
classes of equity instruments.
In addition, if, and only if, an intangible asset meets
both the recognition criteria in IAS 38 (including
reliable measurement of original cost) and the criteria
in IAS 38 for revaluation (including the existence of an
active market), a first-time adopter may elect to use
one of the following amounts as its deemed cost
(paragraph 18 of the IFRS):

See loans and receivables originated by the enterprise




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                             Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Employee benefits (other than post-employment
benefits, termination benefits and equity compensation
benefits) which do not fall due wholly within twelve
months after the end of the period in which the
employees render the related service.
 The risk that the fair value or future cash flows of a        The risk that the fair value or future cash flows of a
financial instrument will fluctuate because of changes        financial instrument will fluctuate because of changes
in market prices (other than those arising from interest      in market prices (other than those arising from interest
rate risk or currency risk), whether those changes are        rate risk or currency risk), whether those changes are
caused by factors specific to the individual financial        caused by factors specific to the individual financial
instrument or its issuer, or factors affecting all similar    instrument or its issuer, or factors affecting all similar
financial instruments traded in the market.                   financial instruments traded in the market.

The associated liability is measured at (i) the option
exercise price less the time value of the option if the
option is in or at the money, or (ii) the fair value of the
transferred asset less the time value of the option if
the option is out of the money.


(eg the outsourcing of the data processing functions of
an entity)

the investor’s debt or equity instruments are not traded
in a public market (a domestic or foreign stock
exchange or an over-the-counter market, including
local and regional markets)
Property held (by the owner or by the lessee under a
finance lease) for use in the production or supply of
goods or services or for administrative purposes.



An enterprise that has one or more subsidiaries.

the parent is itself a wholly-owned subsidiary, or the
parent is a partially-owned subsidiary of another entity
and its other owners, including those not otherwise
entitled to vote, have been informed about, and do not
object to, the parent not preparing consolidated
financial statements
The members of a retirement benefit plan and others
who are entitled to benefits under the plan.
For IAS 33 the Board's main objective was a limited
revision to provide additional guidance and illustrative
examples on selected complex matters, such as the
effects of contingently issuable shares; potential
ordinary shares of subsidiaries, joint ventures or
associates; participating equity instruments; written put
options; purchased put and call options; and
mandatorily convertible instruments.




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


BC37Although the IFRS treats amounts assigned
under previous GAAP to goodwill and other assets
acquired and liabilities assumed in a past business
combination as their deemed cost under IFRSs at the
date of the business combination, an entity needs to
adjust their carrying amounts in its opening IFRS
balance sheet, as follows.
A financial asset is past due when a counterparty has        A financial asset is past due when a counterparty has
failed to make a payment when contractually due              failed to make a payment when contractually due


The increase in the present value of the defined
benefit obligation for employee service in prior periods,
resulting in the current period from the introduction of,
or changes to, post-employment benefits or other long-
term employee benefits. Past service cost may be
either positive (where benefits are introduced or
improved) or negative (where existing benefits are
reduced).


The pension liability increased by 130 during 2004,
which caused increases in cost of sales (50),
distribution costs (30) and administrative expenses
(50).

A method by which contract revenue is matched with
the contract costs incurred in reaching the stage of
completion, resulting in the reporting of revenue,
expenses and profit which can be attributed to the
proportion of work completed.
The relationship of the income and expenses of an
enterprise, as reported in the income statement.




(a)a change in accounting policy shall be applied
retrospectively and prior period information restated
unless it is impracticable to determine either the
cumulative effect or the period-specific effects of the
change;
 'Perpetual' debt instruments (such as 'perpetual'
bonds, debentures and capital notes) normally provide
the holder with the contractual right to receive
payments on account of interest at fixed dates
extending into the indefinite future, either with no right
to receive a return of principal or a right to a return of
principal under terms that make it very unlikely or very
far in the future.




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


To the extent that service providers have inventories,
they measure them at the costs of their production.
These costs consist primarily of the labour and other
costs of personnel directly engaged in providing the
service, including supervisory personnel, and
attributable overheads.


(a) assets held by a long-term employee benefit fund;
and(b) qualifying insurance policies.

(b) An entity shall disclose the carrying amount of
financial assets pledged as collateral for liabilities,
the carrying amount of financial assets pledged as
collateral for contingent liabilities, and (consistently
with paragraphs 60(a) and 63(g)) any material terms
and conditions relating to assets pledged as
collateral.




The scheme provides for brokers or other position-
taking institutions, ie entities that buy allowances from
and sell allowances to participants in the scheme.

Formal or informal arrangements under which an
enterprise provides post-employment benefits for one
or more employees.
Employee benefits (other than termination benefits and
equity compensation benefits) which are payable after
the completion of employment.


A financial instrument or other contract that may entitle
its holder to ordinary shares.
An entity may own share warrants, share call options,
debt or equity instruments that are convertible into
ordinary shares, or other similar instruments that have
the potential, if exercised or converted, to give the
entity voting power or reduce another party's voting
power over the financial and operating policies of
another entity (potential voting rights).




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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


shall be the amounts in (a) and (b) adjusted for the
after-tax amounts of preference dividends, gains or
losses on settlement of preference shares, and other
similar effects of preference shares classified as
equity.
Ordinary shares participate in profit for the period only
after other types of shares such as preference shares
have participated.

IG32An entity complies with IAS 21 The Effects of
Changes in Foreign Exchange Rates in determining its
measurement currency and presentation currency
(see SIC-19 Reporting Currency-Measurement and
Presentation of Financial Statements under IAS 21
and IAS 29).
This evolutionary step forward will allow preparers and
users to gain greater experience working with a fair
value model and will allow time for certain property
markets to achieve greater maturity.


A current estimate of the present discounted value of
the future net cash flows in the normal course of
business.
See defined benefit obligation (present value of).


* presentation currency, ie the currency in which
financial statements are presented.

Previous GAAP may differ significantly from IFRSs,
and in some countries there are no accounting
requirements at all for business combinations. "The
basis of accounting that a first-time adopter used
immediately before adopting IFRSs".


There are three types of price risk: currency risk,
interest rate risk and market risk. The term “price risk”
embodies not only the potential for loss but also the
potential for gain.
If an entity's first IFRS financial statements are for a
period beginning before 1 January 2004 and the entity
applies this IFRS instead of SIC-8 First-time
Application of IASs as the Primary Basis of
Accounting, it shall disclose that fact.
The primary economic environment in which an entity
operates is normally the one in which it primarily
generates and expends cash.
Financial instruments such as receivables, payables
and equity securities, that are not derivative financial
instruments.



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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


(a)The Board's primary objective is comparability
within a first-time adopter's first IFRS financial
statements and between different first-time adopters
switching to IFRSs at the same time (paragraph
BC10).

(e) An embedded prepayment option in an interest-
only or principal-only strip is closely related to the
host contract provided the host contract (i) initially
resulted from separating the right to receive
contractual cash flows of a financial instrument that, in
and of itself, did not contain an embedded derivative,
and (ii) does not contain any terms not present in the
original host debt contract.
In case 3 below, paragraphs 31-34 of the IFRS do not
require modifications to the principles in IAS 10.

Prior period errors are omissions from, and
misstatements in, the entity's financial statements for
one or more prior periods arising from a failure to use,
or misuse of, reliable information that:

IG50A first-time adopter may elect to use the fair
value of an intangible asset at the date of an event
such as a privatisation or initial public offering as its
deemed cost at the date of that event (paragraph 19 of
the IFRS), provided that the intangible asset qualifies
for recognition under IAS 38 (paragraph 10 of the
IFRS).




(c) in the form of materials or supplies to be
consumed in the production process or in the
rendering of services.
The residual amount that remains after expenses             Gloss: accounting profit, basic earnings per share, current
(including capital maintenance adjustments, where           tax, deductible temporary difference, diluted earnings per
appropriate) have been deducted from income. Any            share, dilutive potential ordinary shares, financial asset or
                                                            liability held for trading, indirect method of reporting cash
amount over and above that required to maintain the
                                                            flows from operating activities, net pofit or loss, percentage
capital at the beginning of the period is profit.
                                                            of completion method, profit, tax expense (tax income),
                                                            taxable profit (tax loss), taxable temporary difference;
                                                            History;




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5




Local law, regulation or the entity’s governing charter
can impose various types of prohibitions on the
redemption of members’ shares, eg unconditional
prohibitions or prohibitions based on liquidity criteria.

An actuarial valuation method that sees each period of
service as giving rise to an additional unit of benefit
entitlement and measures each unit separately to build
up the final obligation (sometimes known as the
accrued benefit method pro-rated on service or as the
benefit/years of service method).

(a)each of loans and advances, deposits and
acceptances and promissory notes; disclosures may
include the aggregate amounts outstanding at the
beginning and end of the period, as well as advances,
deposits, repayments and other changes during the
period;
A property interest that is held by a lessee under an
operating lease may be classified and accounted for
as investment property provided that:
Property, plant and equipment are tangible items that:
a) are held for use in the production or supply of goods
or services, for rental to others, or for administrative
purposes; and b) are expected to be used during more
than one period.




A method of accounting and reporting whereby a
venturer’s share of each of the assets, liabilities,
income and expenses of a jointly controlled entity is
combined on a line-by-line basis with similar items in
the venturer’s financial statements or reported as
separate line items in the venturer’s financial
statements.

BC82The Exposure Draft of June 2002 proposed an
option for an entity that already applies IFRSs to
designate any financial asset as held for trading when
it first applies the proposed improvements.




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


(d)Although a new IFRS may have unforeseen
consequences if another party uses financial
statements to monitor compliance with a contract or
agreement, that possibility does not justify prospective
application (paragraph BC13(a)).// Application of a
new accounting policy to the events and transactions
occurring after the date of the change

A liability of uncertain timing or amount.




IFRS 7.BC19 The Board believed that this is often a
reasonable proxy for the change in fair value that is
attributable to changes in the liability’s credit risk…

The inclusion of a degree of caution in the exercise of
the judgements needed in making the estimates
required under conditions of uncertainty, such that
assets or income are not overstated and liabilities or
expenses are not understated.

This Standard shall be applied by entities whose
ordinary shares or potential ordinary shares are
publicly traded and by entities that are in the process
of issuing ordinary shares or potential ordinary shares
in public securities markets.




The costs of purchase of inventories comprise the
purchase price, import duties and other taxes (other
than those subsequently recoverable by the entity from
the taxing authorities), and transport, handling and
other costs directly attributable to the acquisition of
finished goods, materials and services.




Consequently, a financial instrument that gives the
holder the right to put the instrument back to the issuer
for cash or another financial asset (a 'puttable
instrument') is a financial liability of the issuer.

(i)the first-time adopter may have classified a past
business combination as an acquisition and
recognised as an intangible asset an item that does
not qualify for recognition as an asset under IAS 38
Intangible Assets.



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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5




An insurance policy issued by an insurer that is not a
related party (as defined in IAS 24, Related Party
Disclosures) of the reporting enterprise, if the
proceeds of the policy:(a) can be used only to pay or
fund employee benefits under a defined benefit

IFRS 7 heading before para 34


IFRS 7.IG24(c) the amount of an entity’s rated and
unrated credit exposures
The amount of cash or cash equivalents that could
currently be obtained by selling an asset in an orderly
disposal.
(d)does not restate the accumulated depreciation
and amortisation of the net identifiable assets in (c),
unless the depreciation methods and rates under
previous GAAP result in amounts that differ materially
from those required under IFRSs (for example, if they
were adopted solely for tax purposes and do not
reflect a reasonable estimate of the asset's useful life
under IFRSs).
IFRS 7.B19 In determining what a reasonably
possible change in the relevant risk variable is, an
entity should consider

Trade discounts, rebates and other similar items are
deducted in determining the costs of purchase.


Recognised financial instruments include equity
instruments issued by the entity and financial assets
and financial liabilities that are within the scope of IAS
39.
The process of incorporating in the balance sheet or
income statement an item that meets the definition of
an element and satisfies the following criteria for
recognition:(a) it is probable that any future economic
benefit associated with the item will flow to or from the
enterprise; and(b) the item has a cost or value that can
be measured with reliability.

This Standard provides guidance on the determination
of cost and its subsequent recognition as an
expense, including any write-down to net realisable
value.
If those recognition criteria are met, the acquirer
measures the asset on the basis that IAS 38 would
require in the separate balance sheet of the acquiree.




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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5




At the end of a compliance period (and any additional
‘reconciliation period’, during which actual emissions
are verified and participants may undertake any further
trading necessary to ensure they hold enough
allowances to meet actual emissions), a participant is
required to deliver allowances equal to its actual
emissions.

The cost of inventories may not be recoverable if
those inventories are damaged, if they have become
wholly or partially obsolete, or if their selling prices
have declined.
The higher of an asset’s net selling price and its value
in use.

In some cases, the number of shares or the amount of
paid-in capital subject to a redemption prohibition may
change from time to time.


A regular way purchase or sale is a purchase or sale
of a financial asset under a contract whose terms
require delivery of the asset within the time frame
established generally by regulation or convention in the
marketplace concerned.




(b)ordinary shares issued on the voluntary
reinvestment of dividends on ordinary or preference
shares are included when dividends are reinvested;
Parties are considered to be related if one party has
the ability to control the other party or exercise
significant influence over the other party in making
financial and operating decisions.
Title; International Accounting Standard 24 Related
Party Disclosures (IAS 24) replaces IAS 24 Related
Party Disclosures (reformatted in 1994) and should be
applied for annual periods beginning on or after 1
January 2005.
A transfer of resources or obligations between related
parties, regardless of whether a price is charged.

Information has the quality of relevance when it
influences the economic decisions of users by helping
them evaluate past, present or future events or
confirming, or correcting, their past evaluations.




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Information has the quality of reliability when it is free
from material error and bias and can be depended
upon by users to represent faithfully that which it either
purports to represent or could reasonably be expected
to represent.
Accordingly, the Board moved the reliability exception
from the definition to the section on subsequent
measurement (paragraphs 47-49).
The Board included the 'reliable measurement' test for
using fair value to measure these exchanges to
minimise the risk that entities could 'manufacture'
gains by attributing inflated values to the assets
exchanged.




(ii)direct operating expenses (including repairs and
maintenance) arising from investment property that
generated rental income during the period; and

Normally derived from the current acquisition cost of a
similar asset, new or used, or of an equivalent
productive capacity or service potential.
IFRS 7.15(b) the fair value of any such collateral sold
or repledged, and whether the entity has an obligation
to return it
A business segment or a geographical segment for
which segment information is required to be disclosed.

The currency used in presenting the financial
statements.




An enterprise for which there are users who rely on the
financial statements as their major source of financial
information about the enterprise.
When a reporting entity prepares financial statements,
the Standard requires each individual entity included in
the reporting entity-whether it is a stand-alone entity,
an entity with foreign operations (such as a parent) or
a foreign operation (such as a subsidiary or branch)-to
determine its functional currency and measure its
results and financial position in that currency.




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


For the disclosure required by paragraph 41 of the
IFRS, adjustments made centrally to an unpublished
reporting package are not corrections of errors.



An agreement to transfer a financial asset to another
party in exchange for cash or other consideration and
a concurrent obligation to reacquire the financial asset
at a future date for an amount equal to the cash or
other consideration exchanged plus int

Original and planned investigation undertaken with the
prospect of gaining new scientific or technical
knowledge and understanding.


An equity instrument is any contract that evidences a
residual interest in the assets of an entity after
deducting all of its liabilities.
The net amount which an enterprise expects to obtain
for an asset at the end of its useful life after deducting
the expected costs of disposal.



A programme that is planned and controlled by
management, and materially changes either:(a) the
scope of a business undertaken by an enterprise; or(b)
the manner in which that business is conducted.

4A restructuring provision of 250 was recognised
under previous GAAP at 1 January 2004, but did not
qualify for recognition under IFRS until the year ended
31 December 2004.
                                                             Gloss: asset, business combination, constructive
                                                             obligation, deductible temporary difference, derivatve
                                                             financial instruments, expenses, financing activities,
                                                             income, liability, liquidity risk, market risk, matching of
                                                             cost with revenues, revenue, segment result, taxable
                                                             temporary difference, termination benefits;




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Arrangements whereby an enterprise provides benefits
for its employees on or after termination of service
(either in the form of an annual income or as a lump
sum) when such benefits, or the employer’s
contributions towards them, can be determined or
estimated in advance of retirement from the provisions
of a document or from the enterprise’s practices. (See
also post-employment benefit plans)


(b)The other exceptions prohibit full retrospective
application of IFRSs to some aspects of derecognition
(paragraphs BC20-BC23), hedge accounting
(paragraphs BC75-BC80), and estimates (paragraph
BC84).

Interest, dividends and other revenue derived from the
plan assets, together with realised and unrealised
gains or losses on the plan assets, less any costs of
administering the plan and less any tax payable by the
plan itself.
Restatement of assets and liabilities.

IG10If an entity adopts the allowed alternative
treatment in IAS 16 for some or all classes of property,
plant and equipment, it presents the cumulative
revaluation surplus as a separate component of equity.

The fair value of an asset at the date of a revaluation
less any subsequent accumulated depreciation.

The gross inflow of economic benefits during the
period arising in the course of the ordinary activities of
an enterprise when those inflows result in increases in
equity, other than increases relating to contributions
from equity participants.



An acquisition when an enterprise obtains ownership
of the shares of another enterprise but as part of the
exchange transaction issues enough voting shares, as
consideration, such that control of the combined
enterprise passes to the owners of the enterprise
whose shares have been acquired.


The expectation of profitable operation over the
asset's economic life and of gain from appreciation in
value or realisation of a residual value.




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If an entity sells a financial asset and retains only a
right of first refusal to repurchase the transferred
asset at fair value if the transferee subsequently sells
it, the entity derecognises the asset because it has
transferred substantially all the risks and rewards of
ownership.

the period for which the entity has the right to explore
in the specific area has expired during the period or
will expire in the near future, and is not expected to be
renewed.
(b)a bonus element in any other issue, for example a
bonus element in a rights issue to existing
shareholders;




IFRS 7.13(b) the nature of the risks and rewards of
ownership to which the entity remains exposed
Possibilities of losses from idle capacity or
technological obsolescence and of variations in return
due to changing economic conditions.
To minimise costs, an entity may request a qualified
actuary to carry out a detailed actuarial valuation at
one or two of these dates and roll the valuation(s)
forward or back to the other date(s).
If an entity obtains a full actuarial valuation at one or
two of these dates and rolls that (those) valuation(s)
forward or back to the other date(s), any such roll
forward or roll back needs to reflect material
transactions and other material events (including
changes in market prices and interest rates) between
those dates (IAS 19, paragraph 57).


The sale of an asset by the vendor and the leasing of
the same asset back to the vendor. The rentals and
the sale price are usually interdependent as they are
negotiated as a package and need not represent fair
values.




The process by which financial assets are transformed
into securities.




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Those operating assets that are employed by a
segment in its operating activities and that either are
directly attributable to the segment or can be allocated
to the segment on a reasonable basis.
Expense resulting from the operating activities of a
segment that is directly attributable to the segment and
the relevant portion of an expense that can be
allocated on a reasonable basis to the segment,
including expenses relating to sales to external c

Segment revenue less segment expense. Segment
result is determined before any adjustments for
minority interest.
Revenue reported in the enterprise’s income
statement that is directly attributable to a segment and
the relevant portion of enterprise revenue that can be
allocated on a reasonable basis to a segment, whether
from sales to external customers or from transactions
with other segments of the same enterprise.

The cost of a self-constructed asset is determined
using the same principles as for an acquired asset.

Net realisable value is the estimated selling price in
the ordinary course of business less the estimated
costs of completion and the estimated costs necessary
to make the sale.


Land and buildings are separable assets and are
accounted for separately, even when they are acquired
together.
When an entity presents both consolidated financial
statements and separate financial statements
prepared in accordance with IAS 27 Consolidated and
Separate Financial Statements, the disclosures
required by this Standard need be presented only on
the basis of the consolidated information.


When the costs of conversion of each product are not
separately identifiable, they are allocated between
the products on a rational and consistent basis.

The Board concluded that no exemption was justified
for past service cost.




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(i)to recognise all derivatives or other interests, such
as servicing rights or servicing liabilities, retained after
that transaction that qualify for recognition under this
Standard or other IFRSs; and

(i)to recognise all derivatives or other interests, such
as servicing rights or servicing liabilities, retained after
that transaction that qualify for recognition under this
Standard or other IFRSs; and

IG31Paragraph 24 of the IFRS applies if a
subsidiary becomes a first-time adopter later than its
parent, for example if the subsidiary previously
prepared a reporting package under IFRSs for
consolidation purposes but did not present a full set of
financial statements under IFRSs.
A debtor's legal right, by contract or otherwise, to settle
or otherwise eliminate all or a portion of an amount
due to a creditor by applying against that amount an
amount due from the creditor.
To make a cash payment based on the change in fair
value of two offsetting derivatives.

A transaction that eliminates all further legal or
constructive obligation for part or all of the benefits
provided under a defined benefit plan, for example,
when a lump-sum cash payment is made to, or on
behalf of, plan participants in exchange for their rights
to receive specified post-employment benefits.

The date that a financial asset is delivered to the
enterprise that purchased it.
Settlement date accounting refers to (a) the
recognition of an asset on the day it is received by the
entity, and (b) the derecognition of an asset and
recognition of any gain or loss on disposal on the day
that it is delivered by the entity.
The economic effect of issuing such an instrument is
substantially the same as issuing simultaneously a
debt instrument with an early settlement provision
and warrants to purchase ordinary shares, or issuing a
debt instrument with detachable share purchase
warrants.
The undiscounted amounts of cash or cash
equivalents expected to be paid to satisfy the liabilities
in the normal course of business.
those contingent liabilities that arise because the
investor is severally liable for all or part of the liabilities
of the associate.




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 Potential voting rights such as share call options and
convertible debt are capable of changing an entity's
voting power over another entity-if the potential voting
rights are exercised or converted, then the relative
ownership of the ordinary shares carrying voting rights
changes.



An example is a share consolidation combined with a
special dividend.




An enterprise that sells securities that it does not yet
own.
Employee benefits (other than termination benefits and
equity compensation benefits) which fall due wholly
within twelve months after the end of the period in
which the employees render the related service.


Significant influence is the power to participate in the
financial and operating policy decisions of an entity,
but is not control over those policies. // The power to
participate in the financial and operating policy
decisions of an economic activity but not control or
joint control over those policies.




The availability of cash over the longer term to meet
financial commitments as they fall due.

(ii)to consolidate all special purpose entities
controlled by the transferor (see SIC-12 Consolidation-
Special Purpose Entities).
Specific identification of cost means that specific
costs are attributed to identified items of inventory.

IFRS 7.IG 18(b) (such as investment grade or
speculative grade)



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The respondents also argued that financial statements
prepared in accordance with International Financial
Reporting Standards could be presented on a stand-
alone basis.
An embedded derivative is a component of a hybrid
(combined) instrument that also includes a non-
derivative host contract-with the effect that some of the
cash flows of the combined instrument vary in a way
similar to a stand-alone derivative.
For this purpose, an entity could be a stand-alone
entity, a parent preparing consolidated financial
statements or a parent, an investor or a venturer
preparing separate financial statements in accordance
with IAS 27 Consolidated and Separate Financial
Statements.

IFRS 7.IG31(d) has committed borrowing facilities (eg
commercial paper facilities) or other lines of credit (eg
stand-by credit facilities) that it can access to meet
liquidity needs


(a)start-up costs (unless they are necessary to bring
the property to the condition necessary for it to be
capable of operating in the manner intended by
management),
State-controlled entities are within the scope of
International Financial Reporting Standards, ie those
that are profit-oriented are no longer exempted from
disclosing transactions with other state-controlled
entities.


The first annual financial statements in which an entity
adopts International Financial Reporting Standards
(IFRSs), by an explicit and unreserved statement of
compliance with IFRSs.

Furthermore, a failure to disclose the effect of material
errors would obscure the 'results of the stewardship of
management, or the accountability of management for
the resources entrusted to it' (Framework, paragraph
14).


IFRS 7.BC29 Circle L represents the value of the
liability component, ie the value of the straight debt
and the embedded call option on the straight debt




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


These methods include the straight-line method, the
diminishing balance method and the units of
production method.
IFRS 7.B19 A reasonably possible change should not
include remote or ‘worst case’ scenarios or ‘stress
tests’

An enterprise that is controlled by another enterprise
(known as the parent).

The principle that transactions and other events are
accounted for and presented in accordance with their
substance and economic reality and not merely their
legal form.


To enable an entity using this approach to use the
information it had already accumulated, ED 1 would
have required it to consider superseded versions of
IFRSs if more recent versions required prospective
application.




An embedded option-based derivative (such as an
embedded put, call, cap, floor or swaption) is
separated from its host contract on the basis of the
stated terms of the option feature.

The Standard does not provide special treatment for
so-called 'synthetic instruments', which are groups
of separate financial instruments acquired and held to
emulate the characteristics of another instrument.

It follows that sales or transfers of held-to-maturity
investments before the date of transition to IFRSs do
not trigger the 'tainting' rules in IAS 39, paragraph 83.

take-or-pay and similar contracts, in which purchasers
must make specified payments regardless of whether
they take delivery of the contracted products or
services (eg a take-or-pay contract to acquire
substantially all of the output of a supplier’s power
generator).




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


(a)includes targeted exemptions to avoid costs that
would be likely to exceed the benefits to users of
financial statements, and a small number of other
exceptions for practical reasons.


The amount attributed to that asset or liability for tax
purposes.

Gains and losses on foreign currency transactions and
exchange differences arising on translating the results
and financial position of an entity (including a foreign
operation) into a different currency may have tax
effects.
The aggregate amount included in the determination
of net profit or loss for the period in respect of current
tax and deferred tax. Tax expense (tax income)
comprises current tax expense (current tax income)
and deferred tax expense (deferred tax income)


8The above changes increased the deferred tax
liability as follows:
However, in some cases, an entity's amortisation
methods and rates under previous GAAP may differ
from those that would be acceptable under IFRSs (for
example, if they were adopted solely for tax purposes
and do not reflect a reasonable estimate of the asset's
useful life).
(i)identifiable assets less liabilities for which IFRSs
require cost-based measurement at a date after the
business combination: 200 (with a tax base of 150 and
an applicable tax rate of 30 per cent).

The profit (loss) for a period, determined in
accordance with the rules established by the taxation
authorities, upon which income taxes are payable
(recoverable).
A temporary difference that will result in taxable
amounts in determining taxable profit (tax loss) of
future periods when the carrying amount of the asset
or liability is recovered or settled.

An exploration and evaluation asset shall no longer be
classified as such when the technical feasibility and
commercial viability of extracting a mineral resource
are demonstrable.
A difference between the carrying amount of an asset
or liability in the balance sheet and its tax base. A
temporary difference may be either: (a) a taxable
temporary difference; or(b) a deductible temporary
difference.



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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Preference shares may be repurchased under an
entity's tender offer to the holders.
Employee benefits payable as a result of either:(a) an
enterprise's decision to terminate an employee's
employment before the normal retirement date; or (b)
an employee's decision to accept voluntary
redundancy in exchange for those benefits.
However, entity D tests the goodwill for impairment
under IAS 36 Impairment of Assets, and recognises
any resulting impairment loss (paragraph B2(g)).



Calculation of theoretical ex-rights value per share
The time-weighting factor is the number of days that
the shares are outstanding as a proportion of the total
number of days in the period; a reasonable
approximation of the weighted average is adequate in
many circumstances.
(c)requiring or permitting the recognition of gains
from such exchanges enables entities to 'manufacture'
gains by attributing inflated values to the assets
exchanged, if the assets do not have observable
market prices in active markets.

An entity may sell a financial asset to a transferee and
enter into a total return swap with the transferee,
whereby all of the interest payment cash flows from
the underlying asset are remitted to the entity in
exchange for a fixed payment or variable rate payment
and any increases or declines in the fair value of the
underlying asset are absorbed by the entity.

The date that an enterprise commits to purchase a
financial asset.
Trade date accounting refers to (a) the recognition of
an asset to be received and the liability to pay for it on
the trade date, and (b) derecognition of an asset that is
sold, recognition of any gain or loss on disposal and
the recognition of a receivable from the buyer for
payment on the trade date.




See financial asset or liability held for trading

IFRS 7.IG34(b) other line items of profit or loss (such
as trading gains and losses)




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                             Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Incremental costs that are directly attributable to the
acquisition or disposal of a financial asset or liability.

IFRS 7.28 Nevertheless, the best evidence of fair
value at initial recognition is the transaction price (ie
the fair value of the consideration given or received),
unless conditions described in paragraph AG76 of IAS
39 are met



The following total:(a) the present value of the            Glossary Definition BV 2007
obligation at the date of adopting IAS 19 (revised); (b)
minus the fair value, at the date of adoption, of plan
assets (if any) out of which the obligations are to be
settled directly;(c) minus any past service cost that
should be recognised in later periods.
(a)the cumulative translation differences for all
foreign operations are deemed to be zero at the date
of transition to IFRSs; and
When an entity presents its financial statements in a
currency that is different from its functional currency, it
shall describe the financial statements as complying
with International Financial Reporting Standards only if
they comply with all the requirements of each
applicable Standard and each applicable Interpretation
of those Standards including the translation method
set out in paragraphs 39 and 42.


(e) the net exchange differences arising on the
translation of the financial statements into a different
presentation currency, and on translation of a foreign
operation into the presentation currency of the
reporting entity;
Use of a presentation currency other than the
functional currency - translation to the presentation
currency
Each such exemption would have moved the IFRS
away from a principles-based approach, diminished
transparency for users, decreased comparability over
time within an entity's first IFRS financial statements
and created additional complexity.
Equity instruments re-acquired and held by the issuing
enterprise itself or by its subsidiaries.




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


When neither the entity's parent nor the ultimate
controlling party produces financial statements
available for public use, the entity discloses the name
of the next most senior parent that does so.




An unconditional prohibition may be absolute, in that
all redemptions are prohibited. An unconditional
prohibition may be partial, in that it prohibits
redemption of members’ shares if redemption would
cause the number of members’ shares or amount of
paid-in capital from members’ shares to fall below a
specified level.
Members’ shares are equity if the entity has an
unconditional right to refuse redemption of the
members’ shares.
In some arrangements, the underlying asset that is the
subject of the lease is a portion of a larger asset.

(d) A contract that will be settled in a variable number
of the entity's own shares whose value equals a fixed
amount or an amount based on changes in an
underlying variable (eg a commodity price) is a
financial asset or a financial liability.

Information provided in financial statements has the
quality of understandability when is comprehensible to
users who have a reasonable knowledge of business
and economic activities and accounting and a
willingness to study the information with reasonable
diligence.

For those instruments that are not convertible into a
class of ordinary shares, profit or loss for the period is
allocated to the different classes of shares and
participating equity instruments in accordance with
their dividend rights or other rights to participate in
undistributed earnings.
IFRS 7.B13 For example, an undrawn loan
commitment is included in the time band containing
the earliest date it can be drawn down
The equivalent exemption in ED 1 would have been
available only in cases of undue cost or effort and
would have required a first-time adopter to use the
CTDs determined under previous GAAP as deemed
CTDs for IFRSs (paragraphs BC53-BC55).




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


The difference between:(a) the aggregate of the
minimum lease payments under a finance lease from
the standpoint of the lessor and any unguaranteed
residual value accruing to the lessor; and(b) the
present value of (a) above, at the interest rate implicit
in the lease.

That portion of the residual value of the leased asset,
the realisation of which by the lessor is not assured or
is guaranteed solely by a party related to the lessor.

Uniform accounting policies               IN13.The
Standard requires an investor to make appropriate
adjustments to the associate’s financial statements to
conform them to the investor’s accounting policies for
reporting like transactions and other events in similar
circumstances. The previous version of IAS 28
provided an exception to this requirement when it was
“not practicable to use uniform accounting policies”.

Nevertheless, arrangements in which the underlying
asset would represent a unit of account in either
IAS 16 or IAS 38 are within the scope of this
Interpretation.
The costs of conversion of inventories include costs
directly related to the units of production, such as
direct labour.
A subsidiary is not excluded from consolidation simply
because the investor is a venture capital organisation,
mutual fund, unit trust or similar entity


A business combination in which the shareholders of
the combining enterprises combine control over the
whole, or effectively the whole, of their net assets and
operations to achieve a continuing mutual sharing in
the risks and benefits attaching to the combined entity
such that neither party can be identified as the
acquirer.
IFRS 7.10 (a) For contracts that include a unit-linking
feature, changes in market conditions include
changes in the performance of the related internal or
external investment fund

If investments in unquoted equity instruments or
derivatives linked to such equity instruments are
measured at cost under IAS 39 because their fair
values cannot be measured reliably, the information
about fair value set out in paragraphs 86 and 92 is not
required to be disclosed.




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5



Unrecognised financial instruments include some
financial instruments that, although outside the scope
of IAS 39, are within the scope of this Standard (such
as some loan commitments).
IFRS 7.IG21 For example, an entity might determine
that residential mortgages, unsecured consumer
loans, and commercial loans each have different
economic characteristics
For example, sales of assets from an associate to the
investor (or its consolidated subsidiaries).
Either:(a) the period over which a depreciable asset is
expected to be used by the enterprise; or(b) the
number of production or similar units expected to be
obtained from the asset by the enterprise.

The first was to give preparers and users time to gain
experience with using a fair value model.
(a)includes targeted exemptions to avoid costs that
would be likely to exceed the benefits to users of
financial statements, and a small number of other
exceptions for practical reasons.



(c) whether its financial statements include financial
instruments measured at fair values that are
determined in full or in part using a valuation
technique based on assumptions that are not
supported by observable market prices or rates.

The present value of estimated future cash flows
expected to arise from the continuing use of an asset
and from its disposal at the end of its useful life.

IFRS 7.41 If an entity prepares a sensitivity analysis,
such as value-at-risk, that reflects interdependencies
between risk variables (eg interest rates and exchange
rates) and uses it to manage financial risks, it may use
that sensitivity analysis in place of the analysis
specified in paragraph 40

Those indirect costs of production that vary directly, or
nearly directly, with the volume of production, such as
indirect materials and indirect labour.

A party to a joint venture that has joint control over that
joint venture.

Employee benefits that are not conditional on future
employment.




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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5




A financial instrument that gives the holder the right to
purchase ordinary shares.

A warranty obligation that permits or requires the
substitution of the same or similar assets when the
specified asset is not operating properly does not
preclude lease treatment.
The repurchase of a financial asset shortly after it has
been sold is sometimes referred to as a wash sale.

(b) expected physical wear and tear, which depends
on operational factors such as the number of shifts for
which the asset is to be used and the repair and
maintenance programme, and the care and
maintenance of the asset while idle.

The weighted average number of ordinary shares
outstanding during the period is the number of ordinary
shares outstanding at the beginning of the period,
adjusted by the number of ordinary shares bought
back or issued during the period multiplied by a time-
weighting factor.
Under the weighted average cost formula, the cost
of each item is determined from the weighted average
of the cost of similar items at the beginning of a period
and the cost of similar items purchased or produced
during the period.
the parent is itself a wholly-owned subsidiary, or is a
partially-owned subsidiary of another entity and its
other owners, including those not otherwise entitled to
vote, have been informed about, and do not object to,
the parent not presenting consolidated financial
statement

Common classifications of inventories are
merchandise, production supplies, materials, work in
progress and finished goods.

IFRS 7.B19 A reasonably possible change should not
include remote or ‘worst case’ scenarios or ‘stress
tests’
IFRS 7.B5(d)(ii) the criteria for writing off amounts
charged to the allowance account against the carrying
amount of impaired financial assets (see paragraph
16).




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


When the circumstances that previously caused
inventories to be written down below cost no longer
exist or when there is clear evidence of an increase in
net realisable value because of changed economic
circumstances, the amount of the write-down is
reversed (ie the reversal is limited to the amount of the
original write-down) so that the new carrying amount is
the lower of the cost and the revised net realisable
value.
29An entity shall not reflect in its opening IFRS
balance sheet a hedging relationship of a type that
does not qualify for hedge accounting under IAS 39
(for example, many hedging relationships where the
hedging instrument is a cash instrument or written
option; where the hedged item is a net position; or
where the hedge covers interest risk in a held-to-
maturity investment).
The number of dilutive potential ordinary shares
included in the year-to-date period is not a weighted
average of the dilutive potential ordinary shares
included in each interim computation.
IFRS 7.IG38 For example, an entity may acquire a
zero-cost interest rate collar that includes an out-of-
the-money leveraged written option (eg the entity pays
ten times the amount of the difference between a
specified interest rate floor and the current market
interest rate).

Such an arrangement is often described as a ‘build-
operate-transfer’, a ‘rehabilitate-operate-transfer’ or a
‘public-to-private’ service concession arrangement.

Two or more operating segments may be aggregated
into a single operating segment if aggregation is
consistent with the core principle of this IFRS

Such an arrangement is often described as a ‘build-
operate-transfer’, a ‘rehabilitate-operate-transfer’ or a
‘public-to-private’ service concession arrangement.

it is sufficient for the price to be regulated by the
grantor, contract or regulator, for example by a
capping mechanism.
The term identifies a function, not necessarily a
manager with a specific title. That function is to
allocate resources to and assess the performance of
the operating segments of an entity. Often the chief
operating decision maker of an entity is its chief
executive officer or chief operating officer but, for
example, it may be a group of executive directors or
others.




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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


however, it decided that a competitive-harm exemption
was inappropriate because it would provide a means
for broad noncompliance with this Statement.

The operator constructs or upgrades infrastructure
(construction or upgrade services) used to provide a
public service and operates and maintains that
infrastructure (operation services) for a specified
period of time.
The entity restates its financial statements on the
basis of the following general price indices and
conversion factors:
entity’s country of domicile
long-lived segment assets (other than financial
instruments, long-term customer relationships of a
financial institution, mortgage and other servicing
rights, deferred policy acquisition costs, and deferred
tax assets)
….entities that hold assets in a fiduciary capacity
the party that grants the service arrangement (the
grantor) is a public sector entity, including a
governmental body, or a private sector entity to which
the responsibility for the service has been devolved.

title, but IFRS 2- precedes term

All household equipment sold before that date is
deemed to give rise to historical waste for the
purposes of the Directive.


This Interpretation does not address how to account
for such an intragroup payment arrangement.

Contractual obligations to restore the infrastructure to
a specified level of serviceability
title


this Statement uses a modified management
approach that includes both aggregation criteria and
quantitative thresholds for determining reportable
operating segments.
when entities use a matrix form of organisation, the
components based on products and services should
be the basis for the operating segments
material non-cash items other than depreciation and
amortisation
term not-for-profit organizations applies to a wide
variety of entities, some of which are similar to
business enterprises and some of which are very
different



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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


Information used by management in making operating
decisions
 An operating segment is a component of an entity:
(a) that engages in business activities from which it
may earn revenues and incur expenses (including
revenues and expenses relating to transactions with
other components of the same entity), (b) whose
operating results are regularly reviewed by the entity’s
chief operating decision maker to make decisions
about resources to be allocated to the segment and
assess its performance, and (c) for which discrete
financial information is available. / title

the operator is responsible for at least some of the
management of the infrastructure and related services
and does not merely act as an agent on behalf of the
grantor.
the Board proposed extending the scope of the IFRS
to all entities that have public accountability rather than
just entities whose securities are publicly traded.

In many countries, infrastructure for public
services—such as roads, bridges, tunnels, prisons,
hospitals, airports, water distribution facilities, energy
supply and telecommunication networks—has
traditionally been constructed, operated and
maintained by the public sector and financed through
public budget appropriation.
A coalition of over 300 organisations from more than
50 countries known as the Publish What You Pay
campaign requested that the scope of the IFRS should
be extended to require additional disclosure on a
country-by-country basis
for identifying reportable segments
This Interpretation does not address remeasurement
issues arising from a reassessment of embedded
derivatives.
Such an arrangement is often described as a ‘build-
operate-transfer’, a ‘rehabilitate-operate-transfer’ or a
‘public-to-private’ service concession arrangement.

if the question in paragraph 4 were to arise in the
context of the restricted shares, the phrase ‘the fair
value of the share‑based payment’ would refer to the
fair value of the restricted shares, not the fair value of
other, unrestricted shares.
The Standard is silent on this issue and the IFRIC was
informed that as a result there was a risk of
divergence in practice




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


The term identifies a function, not necessarily a
manager with a specific title. The chief operating
decision maker also may be the segment manager for
some operating segments. A single manager may be
the segment manager for more than one operating
segment.


When the goods or services received are
unidentifiable, the IFRIC concluded that the grant date
is the most appropriate date for the purposes of
providing a surrogate measure of the unidentifiable
goods or services received (or to be received)

IFRIC 12 includes ‘whole of life infrastructure’(ie
infrastructure used in a public-to-private service
arrangement for its entire useful life) within its scope.


Customer loyalty programmes are used by entities
to provide customers with incentives to buy their
goods or services.
If a customer buys goods or services, the entity
grants the customer award credits (often described
as ‘points’)

Judgement is required to select and apply the
estimation technique that satisfies the
requirements of paragraph 6 of the consensus and
is most appropriate in the circumstances
A dividing line could lead to inconsistencies and
accounting arbitrage.
IAS 18 does not prescribe an allocation method for
multiple-component sales.
Customer loyalty programmes may create or enhance
customer relationship intangible assets.


For the purpose of this Interpretation, minimum
funding requirements are any requirements to fund a
post-employment or other long-term defined benefit
plan
An entity shall determine the availability of a refund or
a reduction in future contributions in accordance with
the terms and conditions of the plan and any statutory
requirements in the jurisdiction of the plan




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


If there is no minimum funding requirement, an entity
shall determine the economic benefit available as a
reduction in future contributions as the lower of (a) the
surplus in the plan and (b) the present value of the
future service cost to the entity, ...

An entity shall calculate the future minimum funding
contributions required in respect of the future accrual
of benefits taking into account the effect of any
existing surplus on the minimum funding requirement
basis
If the plan liability is settled by an immediate wind-up,
the costs associated with the wind-up may be
significant.


Other comprehensive income comprises items of
income and expense (including reclassification
adjustments) that are not recognised in profit or loss
as required or permitted by other IFRSs
Total comprehensive income is the change in equity
during a period resulting from transactions and other
events, other than those changes resulting from
transactions with owners in their capacity as owners.

Reclassification adjustments are amounts reclassified
to profit or loss in the current period that were
recognised in other comprehensive income in the
current or previous periods.
replaces "balance sheet"
An entity shall present all items of income and
expense recognised in a period: a) in a single
statement of comprehensive income, or b) in two
statements: a statement displaying components of
profit or loss (separate income statement) and a
second statement beginning with profit or loss and
displaying components of other comprehensive
income (statement of comprehensive income)
replaces "balance sheet date" and "reporting date"
replaces "equity holder"
A complete set of financial statements includes a
statement of financial position, a statement of
comprehensive income, a statement of cash flows, a
statement of changes in equity, and notes.
This ratio is calculated as net debt ÷ adjusted capital.

all changes in equity arising from transactions with
owners in their capacity as owners
An entity is not permitted to present components of
comprehensive income (ie non-owner changes in
equity) in the statement of changes in equity




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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


General purpose financial statements (referred to as
‘financial statements’) are those intended to meet the
needs of users who are not in a position to require an
entity to prepare reports tailored to their particular
information needs
An entity shall present with equal prominence all of the
financial statements in a complete set of financial
statements


Accordingly, the boards decided to require the use of
one method of accounting for business
combinations—the acquisition method
The consideration transferred in a business
combination (including any contingent consideration) is
measured at fair value.
even if this results in the non-controlling interests
having a deficit balance.
Those costs include finder’s fees; advisory, legal,
accounting, valuation and other professional or
consulting fees
An entity shall not restate the carrying amount of an
investment in a former subsidiary if control was lost
before it applies those amendments
However, the IFRS provides accounting requirements
for reacquired rights, contingent liabilities, contingent
consideration and indemnification assets.

recognises any investment retained in the former
subsidiary at its fair value at the date when control is
lost
If a member of the group uses accounting policies
other than those adopted in the consolidated financial
statements for like transactions and events in similar
circumstances, appropriate adjustments are made to
its financial statements in preparing the consolidated
financial statements
the fair value of the consideration received, if any, from
the transaction, event or circumstances that resulted in
the loss of control
However, sometimes circumstances indicate that the
multiple arrangements should be accounted for as a
single transaction.
Non-controlling interests must be presented in the
consolidated statement of financial position within
equity, separately from the parent owners’ equity.
The aggregate cash flows arising from obtaining or
losing control acquisitions and from disposals of
subsidiaries or other businesses units shall be
presented separately and classified as investing
activities.




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                            Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


In addition, to qualify for recognition as part of applying
the acquisition method, the identifiable assets acquired
and liabilities assumed must be part of what the
acquirer and the acquiree (or its former owners)

Disposal or partial disposal of a foreign operation
However, see paragraph 29, which establishes an
exception to the fair value measurement principle for
reacquired rights recognised in a business
combination.
An acquirer may exchange its share-based payment
awards (replacement awards) for awards held by
employees of the acquiree.
TITLE

..or whether the hedged risk may also include any
foreign exchange differences between the functional
currency of the foreign operation and any intermediate
or ultimate parent entity (ie whether the fact that the
net investment in the foreign operation is held through
an intermediate parent affects the economic risk to the
ultimate parent).
when a foreign operation that was hedged is disposed
of, what amounts from the parent entity’s foreign
currency translation reserve in respect of the hedging
instrument and in respect of that foreign operation
should be reclassified from equity to profit or loss in
the parent entity’s consolidated financial statements

The carrying amount of the net assets of a foreign
operation that may be designated as the hedged item
in the consolidated financial statements of a parent
depends on whether any lower level parent of the
foreign operation has applied hedge accounting for all
or part of the net assets of that foreign operation and
that accounting has been maintained in the parent’s
consolidated financial statements

A hedging relationship designated by one parent entity
in its consolidated financial statements need not be
maintained by another higher level parent entity.

The step-by-step method is the method of
consolidation in which the financial statements of the
foreign operation are first translated into the functional
currency of any intermediate parent(s) and then
translated into the functional currency of the ultimate
parent (or the presentation currency if different)

the designated risk is the spot foreign exchange risk
because the hedging instruments are not derivatives




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                           Compiled - Key Terms, IFRS 1, IAS 2, 8, 16, 17, 21, 24, 33, ED 5


TITLE

entities that undertake the construction of residential
real estate may start to market individual units
(apartments or houses) ‘off plan’, ie while construction
is still in progress, or even before it has begun

The balance of the purchase price is generally paid to
the entity only on contractual completion, when the
buyer obtains possession of the unit.
This Interpretation applies to the accounting for
revenue and associated expenses by entities that
undertake the construction of real estate directly or
through subcontractors
… the methods used to determine the stage of
completion of agreements in progress
TITLE

The intrinsic value of a purchased option hedging
instrument (assuming that it has the same principal
terms as the designated risk), but not its time value,
reflects a one-sided risk in a hedged item.

TITLE

distributions of non-cash assets (eg items of property,
plant and equipment, businesses as defined in IFRS 3,
ownership interests in another entity or disposal
groups as defined in IFRS 5)
If an entity gives its owners a choice of receiving either
a non-cash asset or a cash alternative, the entity shall
estimate the dividend payable by considering both the
fair value of each alternative and the associated
probability of owners selecting each alternative

This Interpretation applies to the following types of non-
reciprocal distributions of assets by an entity to its
owners acting in their capacity as owners
A non-current asset (or disposal group) is classified as
held for distribution to owners when the entity is
committed to distribute the asset (or disposal group) to
the owners.
NÁZEV
Například účetní jednotka, která si zajišťuje funkce v
oblasti informačních technologií externě, může převést
své položky pozemků, budov a zařízení na externího
poskytovatele daných funkcí.
Někdy se může stát, že ten, kdo aktiva převádí, není
nakonec tím, kdo bude mít následný přístup k
dodávkám zboží nebo služeb a kdo bude příjemcem
tohoto zboží nebo služeb.




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Účetní jednotka, na kterou zákazník převede položku
pozemků, budov a zařízení, musí při stanovování míry
kontroly nad převedeným aktivem zvážit veškeré
odpovídající skutečnosti a okolnosti.
TITLE
TITLE

TITLE




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EU17


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