Monthly Archives: November 2010

//November

Revaluation of PPE – VALUATION APPROACH- IAS 16

IF INCOME APPROACH IS CONSIDERED IN PREVIOUS YEARS FOR COMPLATED PROPERTIES AND NOW DURING REVALUATION A NEWLY CONSTRUCTED PROPERTY IS INCLUDED THEN HOW INCOME APPROACH WOULD BE APPLIED FOR NEWLY CONSUTRCUTED WHICH IS NOT YET LEASED. Can cost approach ...

By |November 30th, 2010|FAIR VALUE, IAS 16|0 Comments

Bond issue related cost

Please advise on the treatment of Bond issue related cost . Suppose bond is a Fixed rate bond and and maturity period is 5 years.Total bond value is 100 mn and issue related cost is 2 mn. Please advise on treatment and presentation with refernce to re...

By |November 20th, 2010|FINANCIAL INSTRUMENTS|1 Comment

Investment Fund – Equity Unitholders

Dear all, Our investment fund is an open-ended Fund constitued as a Unit Trust mostly invested in shares on a listed market. The NAV is calculated weekly. At the launching period the NAV was fixed at 10.00, and 500,000 has been subscribed. Only one cla...

By |November 19th, 2010|FINANCIAL INSTRUMENTS|2 Comments

Profit from Foward Contract

Is it is possible to reduce cost of a asset by the profit earned through the forward contract which is specificaly for  the said asset ? Related posts:Accounting Entries for Forward Contract audit engagement contract, non-profit non-stock entity ...

By |November 18th, 2010|FINANCIAL INSTRUMENTS|1 Comment

Consolidation-disposal of subsidiary

Thank Riyer. What about the balance sheet? Do i Have to show consolidated figures 2009? Or i simply put the comparatives of the company only. Regards Related posts:Consolidation- disposal of subsidiary Entries – Consolidation of financial stat...

By |November 15th, 2010|CONSOLIDATION|1 Comment

London – A Concise Health Check on Regulatory Reporting for Life Insurers – Save 10% as IFRSList member

A Concise Health Check on Regulatory Reporting for Life Insurers Clarifying the Rules Relating to the 2010 FSA Returns Morning of 9th December 2010 • Central London IFRS List 10% Discount quote VIP Code: KM6459LISTEM2 Lessons Learned from 2009 Report...

By |November 15th, 2010|EVENTS, UK|Comments Off on London – A Concise Health Check on Regulatory Reporting for Life Insurers – Save 10% as IFRSList member

London – A Practical Introduction to the FSA Returns for Life Insurers (2 days) – Save 10% as IFRSList member

Gain a clear understanding of the FSA’s Prudential Regime and improve your confidence in preparing the annual returns. A Practical Introduction to the FSA Returns for Life Insurers 7 & 8 December 2010 • Central London IFRS List 10% Discou...

By |November 15th, 2010|EVENTS, GENERAL INSURERS, UK|Comments Off on London – A Practical Introduction to the FSA Returns for Life Insurers (2 days) – Save 10% as IFRSList member

Tools ‹ IFRS LIST.COM – The online community about IAS IFRS, Accounting and Auditing — WordPress

Tools ‹ IFRS LIST.COM – The online community about IAS IFRS, Accounting and Auditing — WordPress. Related posts:IFRS: a help or a headache? Apply for MSc in Accounting and Control in Amsterdam Request for auditing standard Assistance for Audit...

Consolidation- disposal of subsidiary

Dear all, I would like to have your opinion on the below. A Company usually prepares consolidated accounts for a 100% owned subsidiary and the year end is March. For the year ended March 2010, the shares were transfered to another company on the 15th ...

By |November 12th, 2010|CONSOLIDATION|3 Comments

Change Functional currency

Can somebody give me an illustrative example when a company changes its functional currency? Are the any journal entries needed or just change the values? What about the comparative figures? Related posts:Conversion of foreign currency expenses with...

By |November 9th, 2010|OTHER IFRS|3 Comments

London – Hedge Accounting: Register by 12th November to Save up to £400 + an Extra 10% – Your chance to save up to £550! – 8 December 2010

Hedge Accounting stands apart from other areas of the IAS 39 replacement project. Rather than simply ‘patch’ existing requirements, the Hedge Accounting rules are being completely re-written. Consequently, the exposure has been hotly deb...

By |November 7th, 2010|EVENTS, IAS 39, UK|Comments Off on London – Hedge Accounting: Register by 12th November to Save up to £400 + an Extra 10% – Your chance to save up to £550! – 8 December 2010

By: ifrslist

Exchange Inventory - http://www.ifrslist.com/2010/11/02/excha...

By |November 2nd, 2010|Uncategorized|Comments Off on By: ifrslist

exchange Inventory

what is the right treatment for exchange inventory with another of different value? and according to what paragraph of IAS 2 Related posts:Accounting treatment of currency exchange differences arising out of consolidation Exchange difference on adv...

By |November 2nd, 2010|IAS 2|1 Comment