IFRS LIST.com 2013-05-03 20:08:51

Hello everyone! Can somebody help me?  Which public companies provide their reports both in accordance with IFRS and GAAP ? Thank you beforehand for help!

Germany and IFRS

Could you please tell me is germany a member country of ifrs?

By |October 10th, 2012|DOCUMENTS, OTHER IFRS|1 Comment

Netting off principles in IFRS

While IFRS doesn’t allow netting off  (except where there is a right to net off).  Need to know few examples where an entity has a right to net off. Background — I receive and incur fee income and expenses from various customers for vari...

By |August 23rd, 2012|DOCUMENTS, OTHER IFRS|0 Comments

How to apply IFRS impairment charges on loans

i need examples mina.wagih@cibeg.com Related posts:IFRS: a help or a headache? Apply for MSc in Accounting and Control in Amsterdam IFRS treatment for interest free loans Loans Related posts:IFRS: a help or a headache? Apply for MSc in Accountin...

By |August 18th, 2011|OTHER IFRS|0 Comments

Accounting entry query at the year end

Please let me know the entry for the below transaction. we have a job value 15.2 million. Let say, main client-x, contractor-y and we are subcontractror-z. x has given the order  to y. y has given order to us. we have to provide the equipment which va...

By |August 13th, 2011|OTHER IFRS|0 Comments

Share application money

Where is share application money classified in balance sheet? Related posts:Share application monies Minority Interest Accounting treatment for Increase in Equity-share Mkt. Price at FY- Closing. Related posts:Share application monies Minority In...

By |August 12th, 2011|OTHER IFRS|0 Comments

The Solution to the Pension Time-Bomb: IFRS

The problems of accounting for defined benefit pensions represents a significant issue on corporate balance sheets.  As of December 31, 2010, of the S&P 500 companies the funded ratio of plans was 81%, and corporate governance reports it the #1 concern in corporate planning.  One of the largest parts to the problem is understanding just [...]

By |June 3rd, 2011|OTHER IFRS|0 Comments

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...

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

Interest free loan with no fixed repayment terms

Scenario: In June 2006, XYZ Co. obtained an interest free loan amounting to USD 50 million from a third party with no fixed repayment terms. Under the terms of the loan agreement, the loan is to be repaid in annual installments, each equal to 60% of X...

By |October 31st, 2010|OTHER IFRS|2 Comments

Debt to equity swap

Could you please help with the following situation? The Company A (subsidiary) has financial liability to the third party. This liability is recognized at amortized cost using effective interest rate method as it repayable in 2020. We expect that this liability will be sold in 2010 by third party to parent of company A. After [...]

By |October 25th, 2010|CONSOLIDATION, OTHER IFRS|2 Comments


Dear Sirs, My query is related to IAS-17 described below : A tenant is leased an office and billed for a year. The lease agreement is signed and handed over the kays. The tenant did not pay rent and legal case filed. The lease agreement is renewed automatically and keys are still with the tenant. [...]

By |October 14th, 2010|AUDIT, IAS 18, IFRS BLOG, OTHER IFRS|5 Comments

How to recognise in following scenario:

How to recognise in following Scenario: Company has an contract with a service provider to build operate and upgrade its software network and collect fees from the nos of members using the network, further company has guranted a minimum amount of say 100 million if the membership fees collected by the operator is less than 100 million, [...]

By |October 11th, 2010|OTHER IFRS|2 Comments

Bonus provision

We are going to close our company financial year on 30th september 10. we want to make provision for bonus to paid next year to the employees. 1.can we make provision the bonus. what IAS is saying about the bonus provision. 2. what is differnece between accruals and provision

By |October 5th, 2010|OTHER IFRS|5 Comments

Question about Goodwill

In 2008 i have made a promise contract to buy a company. In the beginning of 2009 i have signed the purchase contract.  In 2009 i also received the 2008 dividends. So my question is.. should I register the goodwill taking in to account the 2008 equity of the subsidiary?

By |October 4th, 2010|OTHER IFRS|2 Comments

Bonus provision and reversal

We provide the bonus provision every month and charge to Income statement and review the liability. If we find that provision of bonus is more than contractual liability then we drop the excess and reduce the staff cost for the month. Is this the right treatment s per IFRS or we should take the reversal [...]

By |October 3rd, 2010|OTHER IFRS|3 Comments

Accrued Liabilities

I know it’s a probably stupid question, but it keeps popping up, so I guess it’s important to somebody. For example, XYZ uses electricity in its retail outlets. On 31.12.Y1, it estimates the expense to be 25,000 and records this amount as year 1 “electricity expense” On 15.1.Y2, it receives a formal invoice from the [...]

By |September 14th, 2010|OTHER IFRS|6 Comments

Question about goodwill

Hello, I would be grateful for your advice on the following situation: Company P buys 100% of company A and recognises goodwill in its consolidated financial statements. 3 months later the two companies merge and in the next period's financial statements the goodwill is no longer separately presented, but presented in the notes as part [...]

By |September 9th, 2010|AUDIT, CONSOLIDATION, IAS 38, OTHER IFRS|8 Comments

IFRS Classification in Income Statement

If a project is directly related to the project i.e software maintenance & development. How do I tag it in the income statement. Is it alright to say " project implementation cost'

By |August 23rd, 2010|OTHER IFRS|2 Comments

Revaluation of Leasehold land

We have land on 99 years lease. Unexpired lease is 60 years. we revalued land in 2005 and created revaluation reserve. Same auditor is signing the annual accounts since 2005. This year, auditors say that we have to reverse the reavaluation part saying that as per IFRS, revaluation of leasehold land is not possible

By |August 16th, 2010|OTHER IFRS|10 Comments