{"id":1617,"date":"2020-10-08T16:59:29","date_gmt":"2020-10-08T08:59:29","guid":{"rendered":"http:\/\/ehluar.com\/main\/?p=1617"},"modified":"2021-02-17T17:11:49","modified_gmt":"2021-02-17T09:11:49","slug":"asc-responds-to-ed-2019-7-on-general-presentation-and-disclosures","status":"publish","type":"post","link":"http:\/\/ehluar.com\/main\/2020\/10\/08\/asc-responds-to-ed-2019-7-on-general-presentation-and-disclosures\/","title":{"rendered":"ASC responds to ED\/2019\/7  on general presentation and disclosures"},"content":{"rendered":"\n<p>On or about 5 Oct 2020, the Accounting Standards Council (ASC) Singapore has responded to the Exposure Draft (ED\/2019\/7) on General  Presentation and Disclosures which was issued by the IASB in December 2019.<\/p>\n\n\n\n<p> The ASC has commented on the following issues raised in the ED: <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Q1 Operating profit or loss<\/li><li>Q2, Q3 and Q4 The operating category <ul><li>Income and expenses from investments made in the course of an entity\u2019s main business activities<\/li><li>An entity that provides financing to customers as the main business activity<\/li><\/ul><\/li><li>Q5 The investing category<\/li><li>Q6 Profit or loss before financing and income tax and the financing category<\/li><li>Q7 Integral and non-integral associates and joint ventures<\/li><li>Q8 Roles of the primary financial statements and the notes, aggregation and disaggregation<\/li><li>Q9 Analysis of operating expenses<\/li><li>Q10 Unusual income and expenses<\/li><li>Q11 Management performance measures<\/li><li>Q12 EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization)<\/li><li>Q13 Statement of cash flows.<\/li><\/ul>\n\n\n\n<p>Source: <em>ASC<\/em>, 7 October 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On or about 5 Oct 2020, the Accounting Standards Council (ASC) Singapore has responded to the Exposure Draft (ED\/2019\/7) on General Presentation and Disclosures which was issued by the IASB in December 2019. The ASC has commented on the following issues raised in the ED: Q1 Operating profit or loss Q2, Q3 and Q4 The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7,6],"tags":[],"class_list":["post-1617","post","type-post","status-publish","format-standard","hentry","category-accounting","category-techupdates"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/comments?post=1617"}],"version-history":[{"count":1,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1617\/revisions"}],"predecessor-version":[{"id":1618,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/1617\/revisions\/1618"}],"wp:attachment":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/media?parent=1617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/categories?post=1617"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/tags?post=1617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}