Beruflich Dokumente
Kultur Dokumente
Hmsqnctbshnm
2-Kh`ahkhshdr
3.1. Shareholders equity
L`mt`kne@ntm
b shmfOnkhbhdr'L@O(
rgh lwoh
0-Hmsqnctbshnm
0000 ram
F ework
0100 BPM
0300 Treatment of Changes, Estimates and Errors
in accounting policies
0600 Interim nancial reporting
1-@rrdsr
2.1 Non-current assets
1100
1150
1160
1200
1250
1300
1450
1600
1650
Intangible assets
Property, Plant and Equipment
Service oncession
C
Arrangements
eases
L
Asset etirem
R
ent Obligation (ARO)
Government grant
Investments accounted for using equity method
and other investments
inancial
F
assets
Non current assets held for sale and
discontinued operations
2.2 urrent
C
assets
1700
1750
Inventories
tock
S
margin
2000
2200
2300
Shareholders equity
Share-based payments
Non-controlling interests
being reviewed
ong
L
term debt
Pensions and other post employment benets
Provisions for liabilities and charges
3.3 urrent
C
liabilities
2700
3-s`R sdldmsnenodq`shnmr
3000
3200
3400
3500
3600
3700
3900
evR enue
ost
C of sales
Selling General & Administrative (SG&A)
taff
S
costs
Impairment
Net nancial costs
Income taxes
being reviewed
4-Nee,a`k`drgdds
mb
4100
5-Rodbh`k`ntm
b shmfhrrtdr
4200
4250
4300
4450
4500
4600
4610
4650
4700
4800
4850
4900
Operating segments
Earnings per share
Business combination
under review
Cash ow statement
Effects of changes in foreign exchange rates
Hedge accounting
under review
Embedded derivatives in purchasing contracts
True Sales of eceiv
R
ables (TSR)
Environmental provisions
elated
R
Party Disclosures
Emission rights
under review
Events after the reporting period
Page
L`mt`kne@ntm
b shmfOnkhbhdr'L@O(1/0/Toc`sdr
0- Hmsqnctbshnm
1- @rrdsr
2.1 Non-current assets
3- s`R sdldmsnenodq`shnmr
4- Nee,a`k`drgddsb
mb
nllhsldmsr
2.2 urrent
C
assets
5- Rodbh`k`ntm
b shmfhrrtdr
Page
Page
@antssgdBnlokh`dSd`
mb l
@antssgdHEQRMdsvnqj
he
T IFSR omC liance
p
team is art
p of the Accounting, onsolidation
C
& e-R
orting
p
department and is in charge of updating continuously the Manual of
Accounting Policies (MAP) in further developing Group accounting olicies
p
and homogenising critical accounting treatments ithin
w
ArcelorMittal group.
To suport
p the omC liance
p
team in the ost
m efcient ay
w , the Group has
created an IFSR
Network of geographical representatives ho
w
rov
p ides a
channel for discussion and comunication
m
of local issues to Group level and
for imlem
p entation and guidance of Group accounting olicies
p
at local level.
he
T roles of comliance
p
team are to:
- Promote a strong IFSR culture;
- ollow
F
the evolution of new IFSR standards or IFICR interpretations;
- heck
C
the aplication
p
of the MAP rocedures,
p
alerts and guidances in
the hole
w
group;
- Develop new accounting olicies
p
for critical accounting issues;
- date
pU
continuously the hart
C
of Account (CoA);
- entralise
C
the recurrent uestions
q
in the Accounting
elp
H desk; Ask the
Exerts
p
.
n
O the short term, the ArcelorMittal IFSR Networks efforts have een
b
dedicated to rite
w the ArcelorMittal Manual of Accounting Policies (MAP) issued
in the PM
B
ollab
C oration ortal
p
and aplicab
p le as at anuary
J
2008.
he
T Manual of Accounting Policies (MAP) is divided in 4 ain
m arts
p
covering
the ain
m
topics of the nancial
n
O a edium
m
and longer term, the Network ill
w e
b active in running IFSR
training rogram
p
es
m and ill
w e
b a direct consultative channel for operating
units and segments.
he
T ArcelorMittal IFSR Network is currently comosed
p
of aprox
p imately
35 emm ers,
b selected for their accounting exerience
p
and IFSR exertise,
p
representative of the following key geographical areas: Argentina, elgium
B
,
raz
B il, Canada, ech
zC
epR ublic,
rance,
F
Germany,
az
K akhstan, ux
L emourg,
b
Mexico, Poland, om
R ania, outh
S
Africa, ain,
pS kraine
U
and nited
U
tates
S
of
America.
Page
ntm
b@ shmfToc`sd%donq
Q
shmf@kdqs
Cdrbqhoshnm
he
T Accounting
the Experts
- Accounting community, spotlight on ArcelorMittal South Africa
he
T Accounting
Those documents are sent by e-mail (pdf les) based on the people registered in Clara application and archived on the BPM ollab
C oration portal.
https:/arcelorm
.my/w
ittal.com/ bpmortal/
BPM ollab
C oration Portal > Accounting Alert & Update
Page
ffrxlqwq hosghv
j
nnw
v kh{shuwv
hohduqlqhuw
j lfdwlrq
Cdrbqhoshnm
In order to centralise orldw
w
ide
uestions
q
and to ensure the constant
aplication
p
of the different rocedure,
p
the comliance
p
service has created
the Accounting elp
H desk. he
T aplication
p
allows all emm ers
b of the group
to receive accurate answers to their accounting uestions
q
in a e
v days
delay and to consult the AQ
F
database of the aplication.
p
he
T
software
has een
b
developed internally and the Network has a consultative role
in the aplication
p
as the uestions
q
are redirect/assigned to the Network
exert
p of that specic area.
Eq`ldvnqj
As global capital arkets
m
ecom
b e increasingly integrated, any
m countries are
ov
m ing to International inancial
F
& epR orting tandards
S
(IF).SR or
F examle,
p
ost
m European nion
U
countries use IFSR for nancial
drr
b@
his
T aplication
p
is available on the PM
B
ollab
C oration ortal
p
in the section
Ask
the Exerts
p .
Eqdptdmskx@rjdcPtdrshnmrE@P
All uestions
q
that are of general concern to the group ill
w e
b osted
p
on
the AQ
F database of the aplication
p
after an update of the MAP. All users
that have an access to the ortal
p
ill
w e
b able to access the aplication
p
and
the AQ
F database.
Mdvrkdssdqrtarbqhoshnm
n
O a eekly
w
asis,
b
the system ill
w send a sumary
m of all the new uesq
tions asked during the eek.
w
Each user can subscribe to the newsletter
through the aplication
p
and chose the topics he/she ants
w
to e
b updated
on.
All information regarding the newsletter can e
b found under My
ro
p le
through the aplication.
p
academarcelorm
@y
ittal.com
Additionally, e-learning ased
b
on the MAP ill
w soon e
b available. hose
T
odules
m
ill
w focus on AMs thresholds, accounting olicies,
p
chart of accounts
& ow
s, etc. At the end of each section, a small uiz
q ill
w e
b added to ensure
our
y
correct understanding of the rocedure.
p
hese
T
odules
m
ill
w e
b available
at the end of the ear
y
on the PM
B
ollab
C oration ortal.
p
erxkhx
w duwhuo|sgdwh
hese
T
uarterly
q
updates are organized in uxL emourg
b
together ith
w PwC .
hey
T cover the recent discussions at the IASB level and are followed yb a
A
&Q session. ast
L sessions covered:
h
qx ,
Emission Trading chem
S es
Inventory and ap
C acity
Imairm
p ent Testing
A selection of IFSR hot topics: IFSR 7 (Amendment) - inancial
F
Instruments:
Disclosures, Exosure
p
Draft (ED) on onsolidated
C
inancial
F
tatem
S ents, ED
on oint
J
Arrangements, IAS 19 - Emloy
p ee ene
B
ts, ED on Income Taxes
ED on eases,
L
Discussion Paper (DP) on evR enue ecognition,
R
ED on air
F
alue
V
Measurement.
hsw
, hpehu
IFSR estimated to e
b ub
p lished in 2009
inancial
F
instruments: lassi
C
cation & Measurement
iab
L ilities - Amendments
to IAS 37
urrent
C
roj
p ects to e
b ub
p lished later than 2009
Derecognition: resentation
p
of ED + sumary
m of coment
m letters
received
Extractive activities: resentation
p
of draft of DP osted
p
Annual imrov
p ements
eedb
F ack and sumary
m of coment
m letters received on the following roj
p ects
ED on Income Taxes - om
C ents
m
received until uly
J
31, 2009
DP on eases
L
- om
C ents
m
received until uly
J 17, 2009
DP on evR enue ecognition
R
- omC ents
m
received until une
J
19, 2009
hfhp
, ehu
evR aming
p IAS 39: IFSR ,9 inancial
F
iab
L ilities: here
w
do ew stand? Amortised cost and imairm
p ent ED
IAS 24R: elax
R ed related arty
p
disclosures
tatus
S
of some IASB roj
p ects: ash
C
ow
resentation,
p
iab
L ilities, onsolidaC
tion, Derecognition, eases
L
dufk
,
liabilities, Non-nancial
liabilities
In the spotlight: eases,
L
revenue recognition, consolidation, nancial
stateent
m resentation,
p
statement of comrehensiv
p
e income, fair alue
v
easum
rements,
Material for these dates
pU
can e
b found on the PM
B
ollab
C oration ortal
p
at the following address: PM
B
ollab
C oration Portal > Manual of Accounting
Policies (MAP) > IFSR date
pU
PwC
imS ilar initiatives ith
w PWC are eing
b
developed at country level (Brazil, aC
nada, Germany, Poland, kraine,
U
A,
SU outh
S
Africa. or
F further information,
lease
p
contact our
y
respective IFSR Network emm er.
b
hese
T
sessions can e
b also oined
j
yb call. or
F
further information
rogram
p
, lease
p
contact:
- Marie-laude
C
PRLX
UO (Accounting, onsolidation
C
& epR orting) or
- Nayla GERMANI-ELO C (Accounting, onsolidation
C
& epR orting)
on this
Page
Notes:
Manual of Accounting
Policies (MAP)
2010
March 2010