Monthly Archives: August 2009


Meet The Experts 2009 – 12th & 13th October 2009, Hilton London Metropole, London – SAVE 10%

Dear members This is to inform you about an interesting IIR Event in London. 10% Discount for IFRSLIST members - Just quote VIP Code: KM2215IFLEM (See details in the Attached e-mail) Kind Regards Simone Salvi -------------------------------------------------------------------------------------------------- Visit the Website: 10% Discount for Contacts- Please quote VIP Code: KM2215IFLEM Meet The Experts 2009 12th [...]

By |August 30th, 2009|EVENTS|0 Comments

Infoline’s IFRS events in October 2009 (Central London) – SAVE up to £600 (Register by the 25th Sept 2009)

Dear members IFRS List is proud to be supporting Infoline’s IFRS events in October 2009. As a special offer to IFRSLIST members, here is an exclusive 10% discount. Quote KM6308ILEM to secure the special deal. IFRS Application for General Insurers Including Case Studies & Worked Examples - 28 & 29 October 2009 • Central [...]

By |August 27th, 2009|EVENTS|1 Comment

IFRS Update – Essential Update for 2009 & 2010 Financial Statements – SAVE up to £675 (Register by the 4th Sept 2009)

-------------------------------------------------------------------------------------------------- Dear members This is to inform you about an interesting IIR’s IFRS Update courses in London and Zurich. There’s a special offer reversed to you. In case you register for any of the upcoming courses in 2009 and 2010 by the 4th September 2009, you save 10% discount as member Just quote VIP [...]

By |August 24th, 2009|EVENTS|0 Comments

IIR’s 14th Annual Tax, Accounting & IFRS for Oil & Gas companies – Register by 11 September & SAVE up to £850

Dear Members is Media Partner of IIR’s 14th Annual Tax, Accounting & IFRS for Oil & Gas companies, in London next 8th – 10th December. A special offer is reserved to you in case you register by 11 September 2009 (see attached email for more details) Kind Regards Simone Salvi -------------------------------------------------------------------------------------------------- Download the Agenda: [...]

By |August 18th, 2009|EVENTS|0 Comments

Restatement of Advance for share capital

Dear All, Your guidance is required for the following issue. Company has received some funds in foreign currency from its Parent company . A portion of the same was booked under the head "secured loan" and another portion as "Advance against sharecapital". When we are restating the foreign currency liability is there any need to [...]

By |August 16th, 2009|IFRS|2 Comments

Treatement in IFRS for scrap sales linked with Capital work in progress

Dear All Please help me to know the treatement of Scrap sales related to Capital Work in progress (CWIP). The income generated from the sale of scrap directly linked with the CWIP should be reduced from CWIP or should be taken to P&L?   Thanks & Regards Anupam

By |August 16th, 2009|IFRS|2 Comments

IASB update – setoff of financial liability agaist own issued shares

Dear members, IASB has issued an exposure draft which is open for comment till September 7, 2009. This IFRIC discusses the treatment when a company will issue its own shares to settle some or all of its liabilities. The exposure draft talks about the right to acquire own equity instruments. The draft can be accessed at [...]

By |August 8th, 2009|FAIR VALUE, FINANCIAL INSTRUMENTS|0 Comments

Sale of subsidiary

Dear All Please help me in giving the necessary accounting treatment and in preparing the cash flow presentation for the below mentioned query Query: A holding company ABC has three subsidiary namely DEF(100% subsidiary), GHI (100% subsidiary) and JKL (60% subsidiary). Now ABC has transferred its entire holding of GHI and JKL to DEF. Against [...]

By |August 5th, 2009|OTHER IFRS|0 Comments