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GENERAL INFO »

[10 Apr 2010 | 5 Comments | 8,122 views]

Good day to everyone! Please, help me in the next controversial question.
IAS 2 requires distribution expenses to be accounted as expenses of a period instead of to increase cost of goods. It is quite obvious, however, if, for instance, a company incurs transport expenses to deliver its products to customers situated in other regions or even in other countries. In this case, in my opinion it would be wrong to reflect this transport expenses as “distribution cost” of a period for the following reasons. Firstly, the moment of completion of …

CONSOLIDATION, GENERAL INFO »

[1 Apr 2010 | 6 Comments | 3,588 views]

Does IAS require consolidated accounts reported for subsidiary companies pursuing dissimilar activities (than those of the parent company)?
Can you quote the relevant IASs?  Where can I find copies and guidelines of the IASs for reading?
Do EU companies have to follow IAS since 2005?  What other standards (e.g. IFRS) are acceptable?  In which legislations?
Reference
Corporate Financial Accounting and Reporting 2nd Ed by Tim Sutton

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GENERAL INFO, OTHER, OTHER GAAP, OTHER IFRS »

[18 Nov 2009 | One Comment | 3,030 views]

I work in a company specialized in doing MRO for aircrafts, the issues that the work orders of the maintenance and repair takes from a month to 4 months direct salaries and materials are issued to the tasks and salaries are expensed in monthly basis and appears in the P&L while revenue will recorded once the job is completed and invoice is issued
Percentage of completion is not adopted, and the idea is to charge the cost to job order as work in progress (balance sheet) and recognize the revenue and …

GENERAL INFO »

[20 Oct 2009 | No Comment | 1,721 views]

Dear Sir/Madam,
As part of my PhD in Applied Economic Sciences at the Vrije Universiteit Brussel (Free University of Brussels, Belgium), I examine the comparability of the consolidated financial statements of European listed companies. After the introduction of the International Financial Reporting Standards (IFRS) as from 2005, users of the consolidated financial statements of European listed companies might get the perception that these financial statements are comparable. My research wants to examine whether this perception is correct.
If you use IFRS financial statements for professional and/or private reasons. I would appreciate it …

GENERAL INFO »

[17 Sep 2009 | One Comment | 3,085 views]

I am currently involved in the conversion from Canadian GAAP to IFRS. Are there any extra disclosures that need to be added to the MD&A to be IFRS compliant? Or are the increased disclosures in the notes to the financials sufficient?

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GENERAL INFO, IFRS, LOCAL GAAP vs IFRS, OTHER IFRS »

[23 Apr 2009 | One Comment | 3,002 views]

Question:
When you’re talking about material class of similar items, does that mean for example that you have to break rent out of G&A line item?  Both rent and G&A are material amounts and so which is the standard way to do things.
(1) group both in one line item and disclose in notes the two material amounts
(2) group in unique line items
Thanks in advance

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GENERAL INFO »

[28 Aug 2008 | No Comment | 1,674 views]

What is strategic cost driver? What is the importance of strategic cost driver?

with regard

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GENERAL INFO, IFRS »

[28 Aug 2008 | No Comment | 3,745 views]

Hello All
I am a management student .Taken Finance as my specilization.
As a part of our curiculum i am suppose to do a live project (kind of research taking a particular company as a tool on particular topic).
Can anyone guide me on which topic to choose.
Thanks and Regards

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GENERAL INFO, IFRS »

[28 Aug 2008 | No Comment | 1,202 views]

Hello
Can anyone recommend a website that has the full set of IFRSs and IASs with examples?
Thank you
Michael

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GENERAL INFO »

[4 Dec 2007 | No Comment | 19,010 views]

Hello
i am a student from albania ,and i am studing accounting in tne economic faculty,in tirana university.as part of our subjects we are doing ADVANCED ACCOUNTING,mainly speaking for the new international accounting standarts(IAS) and(IFRS) which are going to be practiced in Albania on january 2008.It would be very kind of you if you give me more information about this standarts in details in order to be more familiar whith them ,or give me another way in order to have access to such reports i am looking forward to hearing …