ADMS 3595 Chapter Notes -Defined Benefit Pension Plan, Issued Shares, Accounts Payable

• School: York University
• Department: Administrative Studies
• Course: ADMS 3595
• Professor: all

Document Summary

Contractual obligation -initially measured at fair value -subsequently measured at amortized cost (except held for trading i. e. derivatives at fair value) Ifrs measured at best estimate at balance sheet date. No unconditional rights to defer settlement 12 months after balance sheet date. Bank indebtedness and credit facilities- availability of funds and imposed restrictions requires note disclosure. Zero interest bearing(discount represent interest expense at issue date, expense record over. Ifrs:-unless at balance sheet date has intent and a right to refinance with long-term debt. Pe gaap:-if there is irrefutable evidence at time of issuing financial statement that debt has been or will be converted to long-term debt. Cumulative preferred dividend not declared require note disclosure, not a liability equity from re to contributed capital, not a liability. Rents and royalties payable-contractual agreement conditional on revenue earned or quantity of products produced. Pe gaap:- recognized cost of legal obligation only.