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IAS 2 - Inventories ................................................................................................................. 1

Case Studies.................................................................................................................................... 1
Solutions......................................................................................................................................... 15

IAS 11 Construction Contracts..................................................................................... 29

Case Studies.................................................................................................................................. 29
Solutions......................................................................................................................................... 38

IAS 12 Income Taxes....................................................................................................... 49

Case Studies.................................................................................................................................. 49
Solutions......................................................................................................................................... 55

IAS 16 Property, Plant & Equipment ........................................................................... 61

Case Studies.................................................................................................................................. 61
Solutions......................................................................................................................................... 65

IAS 17 Leases.................................................................................................................... 70
Case Studies.................................................................................................................................. 70
Solutions......................................................................................................................................... 74

IAS 19 Employee Benefits ............................................................................................. 79

Case Studies.................................................................................................................................. 79
Solutions......................................................................................................................................... 87

IAS 36 Impairment of assets ......................................................................................... 95

Case Studies.................................................................................................................................. 95
Solutions......................................................................................................................................... 98

IAS 37 Provisions, contingent liabilities and contingent assets ...................... 101

Case Studies................................................................................................................................ 101
Solutions....................................................................................................................................... 105

IAS 38 Intangible assets............................................................................................... 109

Case Studies................................................................................................................................ 109
Solutions....................................................................................................................................... 114

IAS 39 Financial Instruments: Recognition and Measurement ......................... 119

Case Studies................................................................................................................................ 119
Solutions....................................................................................................................................... 129

Copyright ............................................................................................................................. 140

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IAS 2 - Inventories ................................................................................................................. 1
Case Studies.................................................................................................................................... 1
Case 1: Costs of purchase...................................................................................................................... 2
Case 2: Costs of purchase...................................................................................................................... 3
Case 3: Costs of inventory...................................................................................................................... 4
Case 4: Costs of conversion .................................................................................................................. 5
Case 5: Costs of conversion .................................................................................................................. 6
Case 6 : Lower of cost or market .......................................................................................................... 7
Case 7 : Lower of cost or market .......................................................................................................... 8
Case 8 : Lower of cost or market .......................................................................................................... 9
Case 9 : Reversal after write-down of inventory ............................................................................. 10
Case 10 : Subsequent measurement for costs of purchase/costs of conversion ................. 11
Case 11 : Subsequent measurement for costs of purchase/costs of conversion ................. 12
Case 12 : Subsequent measurement for costs of purchase/costs of conversion ................. 13
Case 13 : Subsequent measurement for costs of purchase/costs of conversion ................. 14

Solutions......................................................................................................................................... 15
Case 1: Costs of purchase.................................................................................................................... 16
Case 2: Costs of purchase.................................................................................................................... 17
Case 3: Costs of inventory.................................................................................................................... 18
Case 4: Costs of conversion ................................................................................................................ 19
Case 5: Costs of conversion ................................................................................................................ 20
Case 6 : Lower of cost or market ........................................................................................................ 21
Case 7 : Lower of cost or market ........................................................................................................ 22
Case 8: Lower of cost or market ......................................................................................................... 23
Case 9 : Reversal after write-down of inventory ............................................................................. 24
Case 10 : Subsequent measurement for costs of purchase/costs of conversion ................. 25
Case 11 : Subsequent measurement for costs of purchase/costs of conversion ................. 26
Case 12 : Subsequent measurement for costs of purchase/costs of conversion ................. 27
Case 13 : Subsequent measurement for costs of purchase/costs of conversion ................. 28

IAS 11 Construction Contracts..................................................................................... 29

Case Studies.................................................................................................................................. 29
Case 1: Percentage-of-Completion-Method ..................................................................................... 30
Case 2: Percentage-of-Completion-Method ..................................................................................... 31
Case 3: Percentage-of-Completion-Method ..................................................................................... 32
Case 4: Percentage-of-Completion-Method ..................................................................................... 33
Case 5: Percentage-of-Completion-Method ..................................................................................... 34
Case 6: Percentage-of-Completion-Method ..................................................................................... 35
Case 7: Percentage-of-Completion-Method ..................................................................................... 36
Case 8: Percentage-of-Completion-Method ..................................................................................... 37

Solutions......................................................................................................................................... 38
Case 1: Percentage-of-Completion-Method ..................................................................................... 39
Case 2: Percentage-of-Completion-Method ..................................................................................... 40
Case 3: Percentage-of-Completion-Method ..................................................................................... 41
Case 4: Percentage-of-Completion-Method ..................................................................................... 42
Case 5: Percentage-of-Completion-Method ..................................................................................... 43
Case 6: Percentage-of-Completion-Method ..................................................................................... 44
Case 7: Percentage-of-Completion-Method ..................................................................................... 45
Case 8: Percentage-of-Completion-Method ..................................................................................... 46

CC

IAS 12 Income Taxes....................................................................................................... 49

Case Studies.................................................................................................................................. 49
Case 1: Deferred taxes........................................................................................................................... 50
Case 2: Deferred taxes........................................................................................................................... 51
Case 3: Deferred taxes........................................................................................................................... 52
Case 4: Deferred taxes........................................................................................................................... 53
Case 5: Deferred taxes........................................................................................................................... 54

Solutions......................................................................................................................................... 55
Case 1: Deferred taxes........................................................................................................................... 56
Case 2: Deferred taxes........................................................................................................................... 57
Case 3: Deferred taxes........................................................................................................................... 58
Case 4: Deferred taxes........................................................................................................................... 59
Case 5: Deferred taxes........................................................................................................................... 60

IAS 16 Property, Plant & Equipment ........................................................................... 61

Case Studies.................................................................................................................................. 61
Case 1: Balance Sheet amount/depreciation ................................................................................... 62
Case 2: Revaluation ................................................................................................................................ 63
Case 3: Impairment Test........................................................................................................................ 64

Solutions......................................................................................................................................... 65
Case 1: Balance Sheet amount/depreciation ................................................................................... 66
Case 2: Revaluation ................................................................................................................................ 67
Case 3: Impairment Test........................................................................................................................ 69

IAS 17 Leases.................................................................................................................... 70
Case Studies.................................................................................................................................. 70
Case 1 - Lesses ........................................................................................................................................ 71
Case 2 - Lesses ........................................................................................................................................ 72
Case 3 - Lessor ........................................................................................................................................ 73

Solutions......................................................................................................................................... 74
Case 1 - Lesses ........................................................................................................................................ 75
Case 2 - Lesses ........................................................................................................................................ 76
Case 3 - Lessor ........................................................................................................................................ 78

CCC

IAS 19 Employee Benefits ............................................................................................. 79

Case Studies.................................................................................................................................. 79
Case 1 Defined Benefit Obligation (DBO) ...................................................................................... 80
Case 2 Plan Assets .............................................................................................................................. 81
Case 3 Defined Benefit Obligation (DBO) ...................................................................................... 82
Case 4 Defined Benefit Obligation (DBO) ...................................................................................... 83
Case 5 Plan Assets .............................................................................................................................. 84
Case 6 Balance Sheet Amount ......................................................................................................... 85
Case 7 - Corridor Approach.................................................................................................................. 86

Solutions......................................................................................................................................... 87
Case 1 Defined Benefit Obligation (DBO) ...................................................................................... 88
Case 2 Plan Assets .............................................................................................................................. 89
Case 3 Defined Benefit Obligation (DBO) ...................................................................................... 90
Case 4 Defined Benefit Obligation (DBO) ...................................................................................... 91
Case 5 Plan Assets .............................................................................................................................. 92
Case 6 Balance Sheet Amount ......................................................................................................... 93
Case 7 - Corridor Approach.................................................................................................................. 94

IAS 36 Impairment of assets ......................................................................................... 95

Case Studies.................................................................................................................................. 95
Case 1: Impairment ................................................................................................................................. 96
Case 2: Impairment ................................................................................................................................. 97

Solutions......................................................................................................................................... 98
Case 1: Impairment ................................................................................................................................. 99
Case 2: Impairment ............................................................................................................................... 100

IAS 37 Provisions, contingent liabilities and contingent assets ...................... 101

Case Studies................................................................................................................................ 101
Case 1: Provision .................................................................................................................................. 102
Case 2: Provision .................................................................................................................................. 103
Case 3: Provision .................................................................................................................................. 104

Solutions....................................................................................................................................... 105
Case 1: Provision .................................................................................................................................. 106
Case 2: Provision .................................................................................................................................. 107
Case 3: Provision .................................................................................................................................. 108

IAS 38 Intangible assets............................................................................................... 109

Case Studies................................................................................................................................ 109
Case 1: Capitalization of costs .......................................................................................................... 110
Case 2: Allowances............................................................................................................................... 111
Case 3: Goodwill.................................................................................................................................... 112
Case 4: Goodwill.................................................................................................................................... 113

Solutions....................................................................................................................................... 114
Case 1: Capitalization of costs .......................................................................................................... 115
Case 2: Allowances............................................................................................................................... 116
Case 3: Goodwill.................................................................................................................................... 117
Case 4: Goodwill.................................................................................................................................... 118

CN

IAS 39 Financial Instruments: Recognition and Measurement ......................... 119

Case Studies................................................................................................................................ 119
Case 1 Effective interest rate .......................................................................................................... 120
Case 2 Held-to-Maturity-Investments............................................................................................ 121
Case 3 Available-for-Sale Financial Assets................................................................................. 122
Case 4 Available-for-Sale Financial Assets................................................................................. 123
Case 5 Financial Assets at Fair Value through Profit or Loss ............................................... 124
Case 6 Financial Assets at Fair Value through Profit or Loss/ Available-for-Sale Financial
Assets....................................................................................................................................................... 125
Case 7 Forward................................................................................................................................... 126
Case 8 Fair Value Hedge .................................................................................................................. 127
Case 9 Cash Flow Hedge ................................................................................................................. 128

Solutions....................................................................................................................................... 129
Case 1 Effective interest rate .......................................................................................................... 130
Case 2 Held-to-Maturity-Investments............................................................................................ 131
Case 3 Available-for-Sale Financial Assets................................................................................. 132
Case 4 Available-for-Sale Financial Assets................................................................................. 133
Case 5 Financial Assets at Fair Value through Profit or Loss ............................................... 134
Case 6 Financial Assets at Fair Value through Profit or Loss/ Available-for-Sale Financial
Assets....................................................................................................................................................... 135
Case 7 Forward................................................................................................................................... 137
Case 8 Fair Value Hedge .................................................................................................................. 138
Case 9 Cash Flow Hedge ................................................................................................................. 139