Monthly Archives: October 2009


Example of Financial Statement (Model IFRS financial statements for 2009)

Dear all this is just to inform you about an useful pdf file provided by that could help you to better understand the impacts on Financial Statement of last IFRS changes. In detail, this file illustrate the application of the presentation and disclosure requirements of International Financial Reporting Standards (IFRSs) by an entity that [...]

By |October 27th, 2009|RESOURCES|1 Comment – New IFRS Portal in Italian

Dear all This is just to inform you that a new IFRS Portal is now available in Italian. Visit | Join | Discuss | Info &#...

By |October 22nd, 2009|DOCUMENTS, IFRSLIST.COM, NEWS|1 Comment

audit engagement contract, non-profit non-stock entity

1.  is it possible for an audit engagement agreement as a tripartite audit engagement contract: auditor,  auditee (non-stock non-profit) and funder (funding agency)? 2.  Can a funder (funding agency) enter into a bilateral  audit engagement contract with an external auditor to audit a third party a non-stock non profi entity? 3.  The new standard for [...]

By |October 22nd, 2009|Uncategorized|0 Comments

Deferrement of arrangement fee for obtaining loan

Can the arrangement fee (agengy fees, structuring fee and legal charges) paid to obtain a long term loan be deferred and subsequently amortised over the tenure of the Loan? Kindly give references from IFRS. Regards, Ali

By |October 21st, 2009|OTHER IFRS|2 Comments

Infoline’s IFRS events in December 2009 (Zurich) – SAVE up to €. 1.500 (Register by the 13th Nov 2009)

Dear members This is to inform you about an interesting IFRS Event in Zurich. 10% Discount for IFRSLIST members - Just quote VIP Code: KM6311ILEM-10%discount (See details in the Attached e-mail) Kind Regards Simone Salvi -------------------------------------------------------------------------------------------------- Infoline A quick reminder of the approaching discount deadline for IFRS for Insurers – Register by 13 November and [...]

By |October 21st, 2009|EVENTS|0 Comments

The comparability of IFRS financial statements

Dear Sir/Madam, As part of my PhD in Applied Economic Sciences at the Vrije Universiteit Brussel (Free University of Brussels, Belgium), I examine the comparability of the consolidated financial statements of European listed companies. After the introduction of the International Financial Reporting Standards (IFRS) as from 2005, users of the consolidated financial statements of European [...]

By |October 20th, 2009|GENERAL INFO|0 Comments

Assessing for Impairment Indicators on Transition Date

Question for anyone that has dealt with this issue: As at its transition date, a company will need to review its assets (CGUs) for indicators of impairment. Some of the indicators suggested in IAS 36 refer to "the period". Some indicators are current - as of that date. I have assumed that "the period" refers [...]

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

IFRS diploma from ACCA or ICAEW, which is better?

I want to do a ifrs course but i m confused which one is better and have more recognition, ACCA or ICAEW. Please give me the good advice, it is very much related to my carrier

By |October 3rd, 2009|DOCUMENTS, TRAINING|1 Comment

Leasing – How to

Hi all, Any idea on this please... a lease to own vehicle for two years. but a bank will finance the monthly lease fee. how should this be treated and booked? thanks! Brenda

By |October 3rd, 2009|OTHER IFRS|1 Comment

Cash Flow Statement – How to

Dear Experts, As we know that cash flow from operating activities includes changes in Accounts Paybles. This seems okay for a company having accounts payables related to company's normal operational expenses. But what if Accounts payable includes payable against normal operating expenses and payables against construction of buildings. Company's business is constrcution of buildings and [...]

By |October 2nd, 2009|OTHER IFRS|7 Comments