Monthly Archives: October 2010

//October

Interest free loan with no fixed repayment terms

Scenario: In June 2006, XYZ Co. obtained an interest free loan amounting to USD 50 million from a third party with no fixed repayment terms. Under the terms of the loan agreement, the loan is to be repaid in annual installments, each equal to 60% of X...

By |October 31st, 2010|OTHER IFRS|2 Comments

Zurich – IFRS 2010/2011 Update (2 days) – Your chance to save up to £550! – 8- 9 December 2010

IFRS 2010/2011 Update 16-17 November 2010, London, UK 8- 9 December 2010, Zurich, Switzerland 19-20 January 2011, London, UK For more dates visit our website: http://www.informaglobalevents.com/KM2246IFEM Special IFRSlist 10% Discount: Quote VIP Cod...

By |October 29th, 2010|EUROPE, EVENTS, IFRS UPDATES, ZURICH|Comments Off on Zurich – IFRS 2010/2011 Update (2 days) – Your chance to save up to £550! – 8- 9 December 2010

London – IFRS 2010/2011 Update (2 days) – Your chance to save up to £550! – 19-20 January 2011

IFRS 2010/2011 Update 16-17 November 2010, London, UK 8- 9 December 2010, Zurich, Switzerland 19-20 January 2011, London, UK For more dates visit our website: http://www.informaglobalevents.com/KM2246IFEM Special IFRSlist 10% Discount: Quote VIP Code...

By |October 29th, 2010|EVENTS, IFRS UPDATES, UK|Comments Off on London – IFRS 2010/2011 Update (2 days) – Your chance to save up to £550! – 19-20 January 2011

London – IFRS 2010/2011 Update (2 days) – Your chance to save up to £550! – 16-17 November 2010

IFRS 2010/2011 Update 16-17 November 2010, London, UK 8- 9 December 2010, Zurich, Switzerland 19-20 January 2011, London, UK For more dates visit our website: http://www.informaglobalevents.com/KM2246IFEM Special IFRSlist 10% Discount: Quote VIP Code: ...

By |October 29th, 2010|EVENTS, IFRS UPDATES, UK|Comments Off on London – IFRS 2010/2011 Update (2 days) – Your chance to save up to £550! – 16-17 November 2010

Debt to equity swap

Could you please help with the following situation? The Company A (subsidiary) has financial liability to the third party. This liability is recognized at amortized cost using effective interest rate method as it repayable in 2020. We expect that this liability will be sold in 2010 by third party to parent of company A. After [...]

By |October 25th, 2010|CONSOLIDATION, OTHER IFRS|2 Comments

Zurich – IASeminars Course 1741: IFRS for Banks and Other Financial Institutions (3 days) – Save 40% as IFRSList member

You can save 40% of discount on this course as IFRSList member. Remember to use this special promotion code “LIST40“. The move to IFRS has had a major impact on the reporting requirements of financial institutions. Moreover, additional changes...

By |October 19th, 2010|EUROPE, EVENTS, IFRS FOR BANKS, ZURICH|Comments Off on Zurich – IASeminars Course 1741: IFRS for Banks and Other Financial Institutions (3 days) – Save 40% as IFRSList member

Singapore – IASeminars Course 1010: IFRS Fundamentals (4 days) – Save 40% as IFRSList member

You can save 40% of discount on this course as IFRSList member. Remember to use this special promotion code “LIST40“. International Financial Reporting Standards (IFRS) are the world’s most widely applied accounting standards. More than 100 ...

By |October 19th, 2010|ASIA, EVENTS, IFRS FUNDAMENTALS, SINGAPORE|Comments Off on Singapore – IASeminars Course 1010: IFRS Fundamentals (4 days) – Save 40% as IFRSList member

Las Vegas – IASeminars Course 1000: IFRS Immersion Workshop (8 days) – Save 40% as IFRSList member

You can save 40% of discount on this course as IFRSList member. Remember to use this special promotion code “LIST40“. This eight-day dual-instructor workshop provides a detailed review of all significant technical IFRS requirements. It includ...

By |October 19th, 2010|EVENTS, IFRS IMMERSION, LAS VEGAS, USA|Comments Off on Las Vegas – IASeminars Course 1000: IFRS Immersion Workshop (8 days) – Save 40% as IFRSList member

Dubai – IASeminars Course 1000: IFRS Immersion Workshop (8 days) – Save 40% as IFRSList member

You can save 40% of discount on this course as IFRSList member. Remember to use this special promotion code “LIST40“. This eight-day dual-instructor workshop provides a detailed review of all significant technical IFRS requirements. It includ...

By |October 19th, 2010|EVENTS, IFRS IMMERSION, MIDDLE EAST|Comments Off on Dubai – IASeminars Course 1000: IFRS Immersion Workshop (8 days) – Save 40% as IFRSList member

London – IASeminars Course 1000: IFRS Immersion Workshop (8 days) – Save 40% as IFRSList member

You can save 40% of discount on this course as IFRSList member. Remember to use this special promotion code “LIST40“. This eight-day dual-instructor workshop provides a detailed review of all significant technical IFRS requirements. It include...

By |October 19th, 2010|EVENTS, IFRS IMMERSION, UK|Comments Off on London – IASeminars Course 1000: IFRS Immersion Workshop (8 days) – Save 40% as IFRSList member

Hong Kong – IASeminars Course 1208: IFRS for Derivatives and Hedging (2 days) – Save 40% as IFRSList member

You can save 40% of discount on this course as IFRSList member. Remember to use this special promotion code “LIST40“. The International Accounting Standards Board (IASB) recently issued a new standard on Financial Instruments – IFRS 9, which...

By |October 19th, 2010|ASIA, DERIVATIVE, EVENTS, HEDGING, HONG KONG, IFRS 7|Comments Off on Hong Kong – IASeminars Course 1208: IFRS for Derivatives and Hedging (2 days) – Save 40% as IFRSList member

40% of Discount on 6 IASeminars courses…for IFRSList members

This is to inform you about an interesting IASeminars special promotion for IFRSList members. 40% of discount on the following 6 courses: 25 October      Course 1208    Hong Kong 15 November  Course 1000    London 21 November  Course ...

By |October 19th, 2010|DOCUMENTS, EVENTS, TRAINING|1 Comment

Consolidation of net loss position

I have the following company : Assets                          150 Share capital             -100 Accumulated loss    550 Liabilities                    -600 Parent buys the company by issuing its 250 of its own [...]

By |October 19th, 2010|CONSOLIDATION|2 Comments

2010 Dates Announced: A Concise Healthcheck on Regulatory Reporting for General Insurers + 10% Discount for IFRSlist.com Members!

A Concise Healthcheck on Regulatory Reporting for General InsurersVisit the course website:www.informaglobalevents.com/KM6458IFEMAfternoon of 30 November 2010, London FSA Returns for General InsurersVisit the course website: www.informaglobalevents.co...

By |October 17th, 2010|EVENTS, GENERAL INSURERS, UK|Comments Off on 2010 Dates Announced: A Concise Healthcheck on Regulatory Reporting for General Insurers + 10% Discount for IFRSlist.com Members!

IFRS for Oil & Gas, Accra, Ghana

November 14- 21. Accra Ghana, organised by Stransact Partners Nigeria

By |October 16th, 2010|EVENTS|0 Comments

Lease Income Recognition

Dear Members, Please advice on the below The business of Company A is leasing of commercial premises. Company A has leased out its office to Company B for 3 years for INR5 lakhs per months and has taken security deposit of INR 50 lakhs and paid brokerage INR 10 Lakhs. please advice what will be [...]

By |October 15th, 2010|IAS 17|2 Comments

IAS 17 LEASES

Dear Sirs, My query is related to IAS-17 described below : A tenant is leased an office and billed for a year. The lease agreement is signed and handed over the kays. The tenant did not pay rent and legal case filed. The lease agreement is renewed automatically and keys are still with the tenant. [...]

By |October 14th, 2010|AUDIT, IAS 18, IFRS BLOG, OTHER IFRS|5 Comments

2010 Dates Announced: A Concise Healthcheck on Regulatory Reporting for General Insurers + 10% Discount for IFRSlist.com Members!

A Concise Healthcheck on Regulatory Reporting for General Insurers Visit the course website: www.informaglobalevents.com/KM6458IFEM Afternoon of 30 November 2010, London FSA Returns for General Insurers Visit the course website: www.informaglobaleve...

By |October 12th, 2010|DOCUMENTS, EVENTS, TRAINING|0 Comments

How to recognise in following scenario:

How to recognise in following Scenario: Company has an contract with a service provider to build operate and upgrade its software network and collect fees from the nos of members using the network, further company has guranted a minimum amount of say 100 million if the membership fees collected by the operator is less than 100 million, [...]

By |October 11th, 2010|OTHER IFRS|2 Comments

Accounting treatment of currency exchange differences arising out of consolidation

While consolidating foriegn subsidiary account with parent company, what will be the treatment of currency exchange differences arising out of consolidation. I want to know the following two  matters : 1. The treatment of exchange difference arises out of eliminating income statement items, like inter company sales, puchase etc 2. The treatment of echange difference in consolidating balance [...]

By |October 10th, 2010|CONSOLIDATION|4 Comments