Is it possible alocate lease of land (reforestation) as a finance lease?

Volume Discount in Indian books we reduce it from the turnover but for UK accounting how it will be treated whether as direct cost or to be reduced from turnover.

a. Exchange difference arising between spot rate on the date of bill of lading and forward cover rate. Whether this difference is to be capitalized when pertaining to purchase of fixed asset or to be charged off as revenue. How will you treat the above in UK books and Indian Books? In Indian books earlier it used to be capitalized but now it is to be charged off as revenue

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when we are paying taxes and subsquently recovering from customers, Can we net off and remaining can be shown as expenses.
Do we need to show both lines seperately collection as revenue and payment as expenses

When it is possible to establish an allowance for writing down inventory and when it isn’t?

Dear all
I have a doubt about the consolidation of fully owned subsidiary.
While consolidat the financial statements, which rate of exchange we should apply :
i think, for income statement, the rate should be average rate.for balance sheet items, the closing rate for monetory items and for non-monetory items the historical spot rate.
further,what rate, ie buying or selling rate of exchange, should be applied
thank you
Qatar

Dear Experts,
I shall be grateful if anyone can advise me on the following:
An Investment Fund (thereafter the “fund”) was established in April 2009 with the aim of investing, on behalf of the subscribers, on the local stock exchange.
The fund incurred the following expenses, classified as “Initial set up fees” amounting to US 5600, at its creation in the statement of financial position (Balance sheet);
(i)                  Payment to a consultant for legal advise amounting to US 1700
(ii)                License fees amounting to US 3400
(iii)               …

I came to know REIT sector in US will see a drastic change after adoptiong IFRS. How the Arms Length Price in Fair Value accounting is computed? Do we need depend on any excel templates for this? please suggest !

Anybody to tell me;
there are separate IFRSs for SMEs.
Is there any predefined criterion for an organization to be SME?
what is the differentiating line to be SME and to be otherwise?
is the criterion in terms of;
a. capital invested?
b. revenue generation?
c. human resource employed?
or any thing else?

Hi everyone,
In consolidation, are we allowed to offset negative goodwill against postive goodwill?
Thanks for your help.

If a company has the ability to choose between accounting for property under AASB 116 Property Plant and Equipment and AASB 140 Investment Property, in which circumstances (if any) do you believe the company would favour using AASB 116 over AASB 140 (or vice versa). Why?

What entry to be passed for profit or loss on forward contract at the inception date of forward contract and is there requirement of any of accounting entry as on balance sheet date just journal entries.

Hi,
I would like to know if the high costs of migrating markets, being already a traded fund, can be capitalized and further write off the costs over a period of at least 3 year.
Is this possible or should these costs be expensed?
Eli

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Looking for an example of a company that has recorded a gain on a bargain purchase resulting from a business combination. Ideal if it was a mining company.
Thanks
Gord

Looking for an example of a company that has included a “convenience translation” in its IFRS financial statements. (as described in IAS 21 par 56-57 and BC14). This would be supplementary information that is presented in a different than its functional or presentation currency.
Thanks

Could you please help with the following situation.
Mother company (company A) has given loan to its 100% subsidiary (company B), which on the other hand capitalizes the borrowing costs since the loan is used to build a qualifying asset. In order to be able to provide loan to its 100% subsidiary, the mother company has obtained loan from the ultimate parent (company C) in the same amount but with different interest rate. Now, for the purpose of the the consolidated financial statements of company A (which includes company B as …

how to recognize revenue for mall if 10 years tennacy contract but 8 years paid and two years for free

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Dear Experts,
If accounts receivables from a customer is $1000. The customer d
does not pay and court orders that assets of customer can be sold by the seller and settle against accounts receivables. What is the accounting treatment as per IFRS.
Whether assets acquired from customer is to be treated as asset held for sale and accounts receivables can be credited.
Whether on sale of assets revenue is to be recognised less cost of removal of assets.