We need a trainer to deliver an IFRS training course to one of our Asian clients.  If you have IFRS subject matter expertise and if you have training expertise, please email your CV to info@bccp-llc.com and I will then contact you with additional information.

Bookmark on Delicious
Digg this post
Recommend on Facebook
Share on Linkedin
share via Reddit
Share with Stumblers
Tweet about it
Subscribe to the comments on this post
Tell a friend
Print for later

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?

Bookmark on Delicious
Digg this post
Recommend on Facebook
Share on Linkedin
share via Reddit
Share with Stumblers
Tweet about it
Subscribe to the comments on this post
Tell a friend
Print for later

Here’s the scenario.
There are 2 companies involved: Company A & B whereas Company A is the Holding Company. The capital of Company B is US$80,000. However, the sum of shareholder’s contribution totaled to US$120,000. The purpose of the excess (120,000-80,000) US$ 40,000 is as a reserve and to be considered as part of the share capital for Holdings (Company A) which was established on a later stage. US$ 40,000 I booked as shareholder’s current account. ??? How do I treat U$40,00 in consolidation?
Establishment date of Company A (Holdings) – …

How would you treat a fixed asset in the situation below?
The energy supplier operates a piece of equipment rented from the government for a defined period of time. In the end of the period the company should transfer the asset back to the government.
The energy supplier makes an agreement with the government, according to which the company makes some inseparable improvements to this equipment and the government reduces the rental fee by 50%. The improvements form a separate component of fixed assets.
The company capitalizes expenses for the new component construction, …

A company has received advance for issue of its own shares in foreign currency. On translation in the functional currency the Company had exchange gain.
What should be treatment of this exchange gain? should this be:
1. Credited to profit and loss account;
2. Credited directly to retained earnings; or
3. Showned as liability to the person providing the advance.

Bookmark on Delicious
Digg this post
Recommend on Facebook
Share on Linkedin
share via Reddit
Share with Stumblers
Tweet about it
Subscribe to the comments on this post
Tell a friend
Print for later

Dear all,
This is my first participation in this forum. i have questions regarding the land as an operating lease.
We have a leased land used for a project. Currently the lease rent is being capitalised as land costs- Property Under Development, on the basis that this cost was incurred to bring the assets into operations.
My questions are:
1- Can the above treatment considered correct in anyway?
2- We want to transfer the land and building from PUD to Investment Property- what options do we have?
3- Are there any conditions to have the combination …

1.  is it possible for an audit engagement agreement as a tripartite audit engagement contract:
auditor,  auditee (non-stock non-profit) and funder (funding agency)?
2.  Can a funder (funding agency) enter into a bilateral  audit engagement contract with an external auditor
to audit a third party a non-stock non profi entity?
3.  The new standard for SME’s .  do these standars apply to non-stock non profit entities?

Bookmark on Delicious
Digg this post
Recommend on Facebook
Share on Linkedin
share via Reddit
Share with Stumblers
Tweet about it
Subscribe to the comments on this post
…

Dear All,
Please let me know the treatment of Existing negative goodwill incase of first time adoption of IFRS
Regards
Chirag

Bookmark on Delicious
Digg this post
Recommend on Facebook
Share on Linkedin
share via Reddit
Share with Stumblers
Tweet about it
Subscribe to the comments on this post
Tell a friend
Print for later

We transferred cash to our Austrian parent.  At month end we were charged loss on foreign exchange on our P&L.  What is the proper posting logic for a cash transfer to a foreign owned parent company on the same day?
tx for the advice
karen

Bookmark on Delicious
Digg this post
Recommend on Facebook
Share on Linkedin
share via Reddit
Share with Stumblers
Tweet about it
Subscribe to the comments on this post
Tell a friend
Print for later

What is the accounting treatment if bonds will mature within 1 year and received a coupon.  Should I make an accounting entry to treasury bills representing the coupon.

Bookmark on Delicious
Digg this post
Recommend on Facebook
Share on Linkedin
share via Reddit
Share with Stumblers
Tweet about it
Subscribe to the comments on this post
Tell a friend
Print for later

The topic of IFRS roadmap will certainly be revisited under the new SEC leadership of Schapiro/Niemeier.  Will this slow adoption efforts?

Bookmark on Delicious
Digg this post
Recommend on Facebook
Share on Linkedin
share via Reddit
Share with Stumblers
Tweet about it
Subscribe to the comments on this post
Tell a friend
Print for later