Monthly Archives: April 2011

//April

London – IFRS Update 2011

IFRS Update 2011 24-25 May 2011, London 21-22 September, London 16-17 November, London Quote VIP Code: KM2306IFRSL to receive 10% discount off the delegate fee. An in-depth knowledge of the constantly evolving financial reporting regulations is essenti...

By |April 22nd, 2011|EVENTS, IFRS UPDATES|Comments Off on London – IFRS Update 2011

Zurich – IFRS Update 2011 – Save 10% as IFRSList member

IFRS Update 2011 14-15 June 2011, Zurich 7-8 December, Zurich Quote VIP Code: KM2306IFRSL to receive 10% discount off the delegate fee. An in-depth knowledge of the constantly evolving financial reporting regulations is essential. Alongside IFRS 9 and ...

By |April 22nd, 2011|EVENTS, IFRS UPDATE 2011, ZURICH|Comments Off on Zurich – IFRS Update 2011 – Save 10% as IFRSList member

Zurich – IFRS Update 2011 – Save 10% as IFRSList member

IFRS Update 2011 14-15 June 2011, Zurich 7-8 December, Zurich Quote VIP Code: KM2306IFRSL to receive 10% discount off the delegate fee. An in-depth knowledge of the constantly evolving financial reporting regulations is essential. Alongside IFRS 9 and ...

By |April 22nd, 2011|EVENTS, IFRS UPDATES, ZURICH|Comments Off on Zurich – IFRS Update 2011 – Save 10% as IFRSList member

Comment on Revenue recognistion for construction/project based by Mladek

If it's a construction contract, you should probably be applying IAS 11 not IAS 18? In either event, the percentage of completion method is preferred. I'm not exactly sure what you mean by "completed basis", but if you are referring to the "completed-contract method" (ASC 605-35-25-88), the alternative method used under US GAAP, this method is not an allowed alternative under either IAS 18 or 11. Thus, if the outcome of a construction contract cannot be estimated reliably, the IFRS alternative (IAS 11.32) is the zero-profit method.

By |April 15th, 2011|DOCUMENTS|Comments Off on Comment on Revenue recognistion for construction/project based by Mladek

Comment on Revenue recognistion for construction/project based by Mladek

If it's a construction contract, you should probably be applying IAS 11 not IAS 18? In either event, the percentage of completion method is preferred. I'm not exactly sure what you mean by "completed basis", but if you are referring to the "completed-contract method" (ASC 605-35-25-88), the alternative method used under US GAAP, this method is not an allowed alternative under either IAS 18 or 11. Thus, if the outcome of a construction contract cannot be estimated reliably, the IFRS alternative (IAS 11.32) is the zero-profit method.

By |April 15th, 2011|DOCUMENTS|Comments Off on Comment on Revenue recognistion for construction/project based by Mladek

Revenue recognistion for construction/project based

As per IFRS, how should we recognize the revenue for constructions activities. can we still use percentage completion basis or fully Completed basis as per IAS 18. If % completion basis is allowed, then what is the minimum % should be, before revenue is recongnised and % completion should be certified by whom?

By |April 13th, 2011|Uncategorized|1 Comment

London – IFRS Application for Life Insurers – As IFRSList you can save 10%

A Practical Introduction the IFRS Application for Life Insurers Including Case Studies & Worked Examples 24 & 25 May 2011 • Central London For the latest programme or to register visit: http://www.informaglobalevents.com/KM6577IFRSWB Att...

By |April 12th, 2011|EVENTS|Comments Off on London – IFRS Application for Life Insurers – As IFRSList you can save 10%

London – IFRS Application for General Insurers – Save 10% as IFRSList member

A Practical Introduction to IFRS Application for General Insurers Including Case Studies & Worked Examples 18 & 19 May 2011 • Central London For the latest programme or to register visit: http://www.informaglobalevents.com/KM6576IFRSWB ...

By |April 12th, 2011|EVENTS, GENERAL INSURERS|Comments Off on London – IFRS Application for General Insurers – Save 10% as IFRSList member