Monthly Archives: March 2010

//March

Capitalization of Initial fee related to franchising agreement

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 [...]

By |March 29th, 2010|OTHER IFRS|1 Comment

Hedge Accounting

Help me i need hedge entries for foreign currency hedge

By |March 26th, 2010|FINANCIAL INSTRUMENTS|4 Comments

Present value and future value

Can somebody please help me how to recognize present value and future values for receivables giving examples with journal entries

By |March 26th, 2010|FINANCIAL INSTRUMENTS|2 Comments

IASC Foundation IFRS Conference: London – Register by 16th April & SAVE up to 400 Euros!

This is to inform you about  an  interesting IFRS course in London. There’s a special offer reserved to you.  As IFRS List member you can save up to 400 Euros.  Just quote VIP Code: KM2270IFRS when booking (see attached email for more details). Kind Regards Simone Salvi VIP Code: KM2270IFRS IASC Foundation IFRS Conference Wednesday 23 2010 and Thursday 24 June [...]

By |March 24th, 2010|EVENTS|3 Comments

Retained losses on Investment in subsidiary

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??

By |March 12th, 2010|BUSINESS COMBINATION, CONSOLIDATION|3 Comments

Intragroup losses requires impairment?

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...

By |March 10th, 2010|DOCUMENTS, FINANCIAL INSTRUMENTS, IAS 18, IAS 36|4 Comments

Exchange difference on advance received for issue of shares

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 [...]

By |March 10th, 2010|Uncategorized|3 Comments

Accounting treatment of PPE in consolidated financial statement

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

By |March 9th, 2010|IAS 16|6 Comments

LIFE OF OWNED IMPROVMENT

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

By |March 8th, 2010|IAS 16|Comments Off on LIFE OF OWNED IMPROVMENT