Yakub02
Banned
Key measurement assumptions
An entity must disclose information regarding key assumptions about the future, and other key sources of measurement uncertainty, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
In respect of those assets and liabilities, the notes must include details of: their nature; and their carrying amount as at the reporting date. Examples of key assumptions disclosed are: future interest rates;
future changes in salaries; future changes in prices affecting other costs; and, useful lives.
Examples of the types of disclosures made are: the nature of the assumption or other measurement uncertainty; the sensitivity of carrying amounts to the methods, assumptions and estimates underlying their calculation, including the reasons for the sensitivity; the expected resolution of an uncertainty and the range of reasonably possible outcomes within the next financial year in respect of the carrying amounts of the assets and liabilities affected; and an explanation of changes made to past assumptions concerning assets and liabilities, if the uncertainty remains unresolved.
Capital disclosures
An entity must disclose information to enable users to evaluate its objectives, policies and processes for managing capital. An entity must disclose the following: qualitative information including: a description of what it manages as capital; the nature of any externally imposed capital requirements and how they are incorporated into the management of capital
An entity must disclose information regarding key assumptions about the future, and other key sources of measurement uncertainty, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
In respect of those assets and liabilities, the notes must include details of: their nature; and their carrying amount as at the reporting date. Examples of key assumptions disclosed are: future interest rates;
future changes in salaries; future changes in prices affecting other costs; and, useful lives.
Examples of the types of disclosures made are: the nature of the assumption or other measurement uncertainty; the sensitivity of carrying amounts to the methods, assumptions and estimates underlying their calculation, including the reasons for the sensitivity; the expected resolution of an uncertainty and the range of reasonably possible outcomes within the next financial year in respect of the carrying amounts of the assets and liabilities affected; and an explanation of changes made to past assumptions concerning assets and liabilities, if the uncertainty remains unresolved.
Capital disclosures
An entity must disclose information to enable users to evaluate its objectives, policies and processes for managing capital. An entity must disclose the following: qualitative information including: a description of what it manages as capital; the nature of any externally imposed capital requirements and how they are incorporated into the management of capital
