My question is what  is ifrs is about? why we need it? what is the link of IFRS with IAS and financial statements
 

See link to wikipedia

http://en.wikipedia.org/wiki/Ifrs

regards,

Henk

 
Thanks for the nice message.please can you visit iasb website so you can get more and more.otherwise contact me.

Dear Sir/Madam,
I would like to have some detailed information about IAS 39.
Thanks and Regards
Karim

Dear Friends,
Can somebody help me in providing material on IFRS.
I am a Chartered Accountant and a starter in this area and need to upgrade myself for better oppurtunities.
Regards
Asif

Friends,
I have a query regarding a case, which is like that:
A company have a practice to set off its creditors against it debtors and for that it gives a note for contingent liabilities , now the company don’t want to give the note for contingent liabilities as it is affecting its borrowing capacity , is it possible for company to do so, is there any case law for that, Please Guide me it is urgent.
 
Thanks
Abhishek

Sir,
I am a Trainee Student of Chartered Accountancy of Pakistan (ICAP) and doing articles in Anjum Asim Shahid Rahman Chartered Accountants Karachi.
I have started my study of Mod-E and need of comprehensive article on different IAS so Please
mail me a soft copy of IAS-21 (The Effects of Changes in Foreign Currency).
Thankful to u for this favor.
Regards,

Hi I am new to this group
can any body send me complete International Financial Reporting Standards and its related issues?
Thnkhs..

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

Hi can any one please tell the list of indian companies preparing as per
IFRS. Also are their statements available in their websites

I am looking for current IFRS Financial Statements from Canadian or US Companies. Homburg Investments is a Canadian real estate company that produces IFRS statements, but I am looking for more.
Anyone know of other companies?
Thanks

Dear All

Can you please help me in allocating derection in the followin scenario

In a glass industries one main machine is being used to produce mould and how we can allocate that depreciation of main machine either on the basis of apportionment or fully we will charge that depreciation to either main plant or to mould cost.

What will be the accounting  entries in this case.

Reagards.

Dear All, 
I require your help in the basis of cost allocation can be done for an internal audit fee between two entities.
BestRegards,

Q. How are ‘Prior year’s expenses defined and treated?

What is the different between budget control and budgetary controls 

million thanks 

Hi,
 
Somebody can tell me whether IFRS is applicable in the following countries and what are the reporting currency:
1.                   Sri Lanka,
2.                   Mauritius
3.                   Singapore
 
Can anybody provide me draft copy of accounts filed with above mentioned countries in ENP business (Oil and Gas exploration companies).
 
Regards,
  

Good morning all
My client which is in the construction industry has been receiving assets in exchange for construction revenue. The Standards say
IAS 18
When goods are sold or services are rendered in exchange for dissimilar goods or services, the exchange is regarded as a transaction which generates revenue.  The revenue is measured at the fair value of the goods or services received, adjusted by the amount of any cash or cash equivalents transferred.  
IAS 16
In an exchange transaction the cost of assets acquired should be measured at the fair value of the …

Dear All ,
Now we are part of an International Company : so we have to report monthly figures of our 35 units , our 35 units are in different country so different  currency ,
We are Consolidating all the units in The Holding and we report one figure to the Worldwide company , every month they send us the rate that we should use.
MY QUESTION IS : AS PER MY KNOWLEDE FIXED ASSETS SHOULD HAVE A HISTORICAL RATE AND WE SHOULD NOT DO A MONTHLY EVALUATION FOR THAT  , …

Can anybody provide me a demo annual report from Indian Accounting Standards To IFRS.. It would be completely mine pleasure.
Also if there is any resource relating to that than also u can provide to me.

Dear all,

Good day!

A holding company had a subsidiary which is 100% owned. In 6 March 2006, the subsidiary issued new shares from $2 to $50,000 which changed the shareholdings from 100% to 40%.  As I read this is considered as deemed sale. The year ended of the holding company and the subsidiary is 31 December 2006.

These are my queries:

In view of the Holding company, how much is the equity take up considering the date of deemed sale?

In view of the holding company, how to compute for the gain/loss of the deemed …

If the entity’s policy is to capitalise borrowing costs and obtains a foreign loan probably taking advantage of the lower interest rates, any exchange differences should be capitalised as will during the period of construction of the qualifying asset.
Regards,

Nyasha

Dear Gents,
I have an inquiry regarding the FroEx for construction contracts, if I won a contract in Euro and my functional currency is USD, shall I fix the exchange rate at the time of signing the contract and and every month will calculate revenue based on POC using this fixed rate or shall I change the contract amount very month (which is not practical) – pls. advise.
Thanks,

It is recommended that you fix the rate of exchange at the date of contract with concent of contractee and payment made accordingly but …