2014-12-22-KPMG_China-年度财务报表指引_投资基金披露范本_90页_2mb

IFRS Guide for Annual Financial Statements: Analysis Summary

This guide provides illustrative disclosures for investment funds preparing financial statements under IFRS, focusing on key areas such as financial statements, risk disclosures, fair value measurements, and accounting policies.

Key areas covered:

1. Financial Statements

   • Includes statements of financial position, comprehensive income, changes in net assets, and cash flows.
   • Detailed disclosures on investments, liabilities, equity, and revenue recognition.

2. Financial Risk Disclosure

   • Covers credit, liquidity, and market risks (including interest rate, currency, and price risks).
   • Examples provided for offsetting financial assets and liabilities, fair value hierarchy, and operational risk management.

3. Fair Value Measurement

   • Explains the fair value hierarchy (Levels 1-3), valuation models, and unobservable inputs.
   • Demonstrates sensitivity analysis and the use of value-at-risk (VaR) to assess market risk.

4. Accounting Policies

   • Outlines the basis of measurement, classification of financial instruments, and impairment policies.
   • Discusses changes in accounting policies and the impact of new standards like IFRS 9.

5. Regulatory Requirements

   • Addresses disclosures for investment entities, segment reporting, and structured entities.
   • Provides examples of disclosures for funds with puttable instruments classified as equity.

The guide also includes appendices with practical examples, such as disclosures for investment entities, segment reporting, equity classification, and market risk analysis.