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So far ifrslist has created 222 blog entries.

By: ifrslist

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

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

By: ifrslist

Conslidation After Merge - http://www.ifrslist.com/2010/08/conslida...

By |August 27th, 2010|DOCUMENTS|Comments Off on By: ifrslist

By: ifrslist

[New Post] Capitalization of ISO costs - http://www.ifrslist.com/2010/04/capitali...

By |April 6th, 2010|DOCUMENTS|Comments Off on By: ifrslist

By: ifrslist

[New Post] UE adopted IFRIC 18 and other amendments to IFRIC and Standards (IAS39 + IFRIC 9 and IFRS 4 + IFRS 7) - http://www.ifrslist.com/2009/12/ue-adopt...

By |January 26th, 2010|DOCUMENTS|Comments Off on By: ifrslist

Investment decision

Dear Every one, Can any one help to solve the following problems:     Say, XY is a joint venture company between X & Y with 70:30 proportion with issued capital of  $100. Now, Y intends to offload its share to Z company for a consideration of $ 80. Now the question is how this investment [...]

By |December 15th, 2008|IFRS|0 Comments


dear sir or mam   When one company adopt the IFRSs 1 first time then what are the irems exempted from national GAAP in the case of convergance to IFRSs.   Thanks   Sincerely yours, Rakesh dear rakesh pls read ifrs 1 and see the exemption given for the same there are 10 exemptions Regards Jignesh [...]

By |December 15th, 2008|IFRS|0 Comments

Interest Capitalization

The Company has taken a loan for construction of projects. A part of amount is kept in FD with the Bank. Interest is capitalized on the amount paid as per payment certificates like draw down. If the project is capitalized and 2 payment certificates received after the capitalization date. Now question is whether interest will [...]

By |December 15th, 2008|IFRS|0 Comments

News about IAS/IFRS from EU – Link to IFRS file (in pdf)

Dear allPlease find attached a news from European Commission about IFRS. In addition you'll find a link to a pdf file related to consolidated text of IFRS.Have a good joining. Regards Simone SalviAccounting standards: Commission adopts consolidated text of IFRS applicable in the EUThe European Commission has adopted on Monday 3 November the consolidated text [...]

By |December 15th, 2008|IFRS|0 Comments

Valuation Method

Dear all. I have a question on valuation of equity investments. What is the best method to value an unquoted investment Cheers Shehzad   Well for unquoted investment you could: If there is substantial market and volume of such equity in the market then, you could value it using market price. If there is not [...]

By |December 15th, 2008|IFRS|0 Comments

Request for auditing standard

Dear all, Can you share me the international auditing standard document. Thanks Danella,I double checked after the comment below, and I agree with Hemant. IAS 21.28 explicitly states that gains/losses on forex should be recognized in P&L. The forex is not attributable to the asset but to the financial liability.http://www.ifac.org/IAASB/ My apologies for my earlier [...]

By |December 15th, 2008|AUDIT|1 Comment


Dear friends, Can you please give your opinion for the capitalization of the followings: Modification to Existing Car Park Construction of Temporary Car Park Refurnish-Cooling Tower Thanks Hemant Dear I think that all of these costs should be capitalized. -- Hesham I agree with Hesham, it is to be capitalised, modification & refurnishing extends the [...]

By |December 15th, 2008|IFRS|0 Comments


Hi Can someone tell me IFRS training centre at CHENNAI. Thanks ANANTH Please find attached for your nominations / attendance. Best regards, Sridhar

By |December 15th, 2008|TRAINING|0 Comments

Calculation of deferred tax

Can any one help me for calculation of deferred tax under deductable timing diference Example: writeen down value of fixed assets as pert accounts-200          writeen down value as per tax                      150 please privide the soluision by giving effects in the profit [...]

By |December 15th, 2008|TAX|0 Comments

Internal audit procedures

Hello   does anyone have sample internal audit questionary? SOX survey ? procedures etc.???   thanks     Dear Could you specify the concerning areas u need sample questionnaires!

By |December 15th, 2008|AUDIT|0 Comments

Need help to fill in ACCA training experience

Hello, My first time posting. This is probably the wrong place to ask. Does anybody know how to fill in the ACCA TDM (Training Development Matrix) ? I have been struggling with it. I tried to find the user guideline on MYACCA site but could not find any that is useful. There is performance objective [...]

By |December 15th, 2008|TRAINING|0 Comments


Dear all,   Is it possible to reclassify asset held for sale back to PPE?     Thanks, Grace Dear, the guidances in this case are explianed in IFRS5.26 to IFRS5.29 Best regards,           Dear DivineIt is possible to reclassify an asset held for sale back to PPE if the criteria for classification are no [...]

By |December 15th, 2008|OTHER IFRS|0 Comments

Difference between affiliates and subsidaries

Dears Would you please explain me what is the difference between affiliates and subsidaries, and then if there is any difference in accounting treatments.( i am asking these question w.r.t an investment co.) 2nd thing is how i will treat the personal expenses of a partner which are being paid by the co. and where [...]

By |December 15th, 2008|CONSOLIDATION|0 Comments

Operating lease – Lessee’s books

Hi All, Accounting of lease rentals for operating lease in lessee's book is ruled in IAS as under : "Lease payments under an operating lease shall be recognised as an expense on a straight-line basis over the lease term unless another systematic basis is more representative of the time pattern of the user's benefit." My [...]

By |December 15th, 2008|IFRS|0 Comments