We are planning to take Franchise of One Brand, for this we are paying following amounts :- 1) Initial Fees – this we have to pay only once. 2) Royalty – Every Year it is payable @ % on sales. 3) Additional Fees – this fees we have to pay them if we open another [...]
Help me i need hedge entries for foreign currency hedge
Can somebody please help me how to recognize present value and future values for receivables giving examples with journal entries
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If a subsidiary has a retained losses and it increase from year to year In the parent separate financial statement as Subsidiary was recognized at cost Is there is a need to impairment or write down the cost of the investment of this subsidiary??
Should the receivable from 100% subsidiray requires impairment if there are accumulated losses in sub and net worth is negative? If it require impairment then what is the criteria to apply and specialy when audit report of that sub has unqualifie...
A company has received advance for issue of its own shares in foreign currency. On translation in the functional currency the Company had exchange gain. What should be treatment of this exchange gain? should this be: 1. Credited to profit and loss account; 2. Credited directly to retained earnings; or 3. Showned as liability to [...]
How will you report the ppe in the consolidated balance sheet if some of the units use historical cost and some the market valuation? If there is no historical cost data available, could you use the market value? thnak you
Hello, How much can be the maximum life given to Improvements for owned property as per IAS 16. If the life of the property - building can be 40 years, Can we give the same life to Improvments done to the buidlings? Thanks a lot. Saj House