ifrCoworker
26 IAS/IFRS Standards, 200+ accounting transaction type coverage — API Access
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Full API reference with endpoints, schemas, and examples
Feature highlights
IFRS 2 — Share-based Payment
- Vesting schedule & cumulative expense
- Black-Scholes option fair value
- Equity vs cash-settled classification
- Modification: incremental fair value
- Forfeiture rate adjustment
IFRS 3 — Business Combinations
- Goodwill — full & partial NCI method
- Fair value allocation of net assets
- Bargain purchase gain recognition
- Contingent consideration measurement
- Step acquisition & remeasurement
IFRS 5 — Held for Sale
- Reclassification criteria assessment
- Lower of CA / FV less costs to sell
- Impairment loss & subsequent reversal
- Discontinued operation P&L split
- Disposal group measurement
IFRS 6 — Exploration
- Cost vs revaluation model election
- Impairment trigger assessment (6 indicators)
- Reclassification on technical feasibility
- E&E asset derecognition
- Restoration & rehabilitation provision
IFRS 9 — Financial Instruments
- ECL staging (Stage 1 / 2 / 3)
- 12-month vs lifetime ECL calculation
- EIR amortisation schedule
- Hedge effectiveness (prospective & retrospective)
- SPPI test & business model classification
IFRS 10 — Consolidation
- Control assessment (power + variable returns)
- NCI — full & proportionate method
- Intragroup elimination entries
- Subsidiary acquisition mid-year proration
- Loss of control gain/loss calculation
IFRS 11 — Joint Arrangements
- Joint operation vs joint venture classification
- Proportionate asset/liability recognition (JO)
- Equity method application (JV)
- Contribution of assets to a JV
- Change in interest accounting
IFRS 13 — Fair Value
- Level 1 / 2 / 3 hierarchy classification
- Market, income & cost approaches
- Highest and best use analysis
- Principal vs most advantageous market
- Credit valuation adjustment (CVA)
IFRS 15 — Revenue
- 5-step model end-to-end
- Standalone selling price allocation
- Variable consideration constraint
- Contract modification (prospective / cumulative)
- Principal vs agent gross/net revenue
IFRS 16 — Leases
- Lease liability + ROU asset schedule
- Incremental borrowing rate & implicit rate
- Modification: remeasurement vs new lease
- Variable lease payment treatment
- Sale-and-leaseback gain recognition
IAS 2 — Inventories
- FIFO & weighted average cost formula
- NRV write-down & reversal
- Cost of goods sold journal entries
- Absorption costing (fixed overhead allocation)
- Intercompany inventory profit elimination
IAS 10 — Events After RP
- Adjusting vs non-adjusting classification
- Going concern trigger assessment
- Dividend declaration disclosure
- Overlay on any other module's output
- Restatement of financial statement figures
IAS 12 — Income Taxes
- Temporary difference — DTA & DTL
- DTA recoverability (probable future profit test)
- Tax rate change restatement
- Deferred tax on business combinations
- Unrecognised DTA tracking & reversal
IAS 16 — PPE
- Cost vs revaluation model
- SL / reducing balance / UOP depreciation
- Component accounting
- Revaluation surplus & OCI treatment
- Impairment, disposal & derecognition gain/loss
IAS 19 — Employee Benefits
- DBO under projected unit credit method
- Current & past service cost
- Net interest on net defined benefit liability
- Remeasurement (actuarial gains/losses) — OCI
- Plan asset return & asset ceiling
IAS 20 — Government Grants
- Capital vs revenue grant classification
- Deferred income vs asset deduction method
- Systematic income recognition schedule
- Repayment obligation accounting
- Below-market loan benefit measurement
IAS 21 — Foreign Exchange
- Functional vs presentation currency determination
- Monetary / non-monetary retranslation
- Exchange difference — P&L vs OCI
- Cumulative translation adjustment (CTA)
- Disposal: reclassification of CTA to P&L
IAS 23 — Borrowing Costs
- Qualifying asset identification
- Specific borrowing capitalisation
- Weighted average rate — general pool
- Suspension period exclusion
- Cessation on substantial completion
IAS 28 — Equity Method
- Associate profit & OCI sharing
- Upstream & downstream elimination
- Goodwill within carrying amount
- Impairment of investment in associate
- Reduction to zero & unrecognised losses
IAS 33 — Earnings Per Share
- Basic EPS — weighted average shares
- Diluted EPS — treasury share method (options)
- If-converted method (bonds & preference shares)
- Rights issue retrospective adjustment
- Continuing vs discontinued EPS split
IAS 36 — Impairment
- VIU (DCF) vs FVLCTS recoverable amount
- CGU identification & allocation
- Goodwill impairment (no reversal)
- Corporate asset allocation across CGUs
- Reversal limits for other assets
IAS 37 — Provisions
- Recognition criteria (probable, reliable estimate)
- Best estimate & expected value method
- Onerous contract provision
- Restructuring cost recognition criteria
- Unwinding of discount (time value)
IAS 38 — Intangibles
- Recognition criteria (identifiable, control, benefit)
- Finite vs indefinite useful life
- Development cost capitalisation (6-criteria test)
- Amortisation & annual impairment review
- Revaluation model (active market required)
IAS 40 — Investment Property
- Fair value vs cost model election
- Fair value gain/loss to P&L
- Transfer between categories (trigger events)
- Rental income & operating cost allocation
- Disposal gain/loss calculation
IAS 41 — Agriculture
- Biological asset fair value at harvest
- Fair value gain/loss on biological transformation
- Agricultural produce recognition at harvest
- Bearer plant reclassification to IAS 16
- Government grant (conditional vs unconditional)