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	<title>IFRS LIST.COM - The online community about IAS IFRS, Accounting and Auditing</title>
	<link>http://www.ifrslist.com</link>
	<description></description>
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	<item>
		<title>Intragroup losses requires impairment?</title>
		<description><![CDATA[Should the receivable from 100% subsidiray requires impairment if there are accumulated losses in sub and net worth is negative?
If  it require impairment then what is the criteria to apply and specialy when audit report of that sub  has unqualified opinion and no issue for going concern.
According to IAS 27 (Intragroup losses may indicate an impairment that requires recognition in the consolidated financial statements)






		
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Related posts:<ol><li><a href='http://www.ifrslist.com/2009/10/assessing-for-impairment-indicators-on-transition-date/' rel='bookmark' title='Permanent Link: Assessing for Impairment Indicators on Transition Date'>Assessing for Impairment Indicators on Transition Date</a> <small>Question for anyone that has dealt with this issue: As...</small></li>
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		<link>http://www.ifrslist.com/2010/03/intragroup-losses-requires-impairment/</link>
			</item>
	<item>
		<title>Exchange difference on advance received for issue of shares</title>
		<description><![CDATA[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.






		
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		<link>http://www.ifrslist.com/2010/03/exchange-difference-on-advance-received-for-issue-of-shares/</link>
			</item>
	<item>
		<title>Accounting treatment of PPE in consolidated financial statement</title>
		<description><![CDATA[How will you report the ppe in the consolidated balance sheet if some of the units use historical cost and some the market valuation?
If there is no historical cost data available, could you use the market value?
thnak you






		
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		<link>http://www.ifrslist.com/2010/03/ifrs-accounting-treatment-ppe/</link>
			</item>
	<item>
		<title>LIFE OF OWNED IMPROVMENT</title>
		<description><![CDATA[Hello,
How much can be the maximum life given to Improvements for owned property as per IAS 16.  If the life of the property &#8211; building can be 40 years, Can we give the same life to Improvments done to the buidlings?
Thanks a lot.
Saj House






		
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			</item>
	<item>
		<title>IFRS: a help or a headache? Apply for MSc in Accounting and Control in Amsterdam</title>
		<description><![CDATA[IFRS: a help or a headache?
Well, maybe the International Financial Reporting Standards are a bit of both. But rest assured, this Master’s will give you a solid grounding in IFRS, one that will enable you to understand the increasing complexity of state-of-the-art financial reporting &#62; www.feweb.vu.nl/masteraccountingandcontrol (application deadline 1st of April 2010)


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	<item>
		<title>Financial Reporting (Banking)</title>
		<description><![CDATA[Recruiter in search of senior candidates familiar with FRS39/IFRS9 (Singapore experience) 
Email maggie.ong@gsiconsultants.com






		
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			</item>
	<item>
		<title>Annual Report 2009 under International Financial Reporting Standards (IAS-IFRS 2009)</title>
		<description><![CDATA[The Board of Directors of Fiat S.p.A. approved the Group’s 2009 consolidated financial statements and the Statutory accounts of Fiat S.p.A.. This could be an example of IFRS Annual Report 2009. 
http://www.fiatgroup.com/en-us/shai/banns/budgets/Documents/2010/Progetto%20Bilancio%202009_20100219_Completo_ENG.pdf.
This document includes also some disclosures about accounting principles, amendments and interpretations adopted from 1 January 2009:
IAS 1 Revised – Presentation of Financial Statements
IAS 23 Revised – Borrowing Costs
Amendment to IFRS 2 – Share-based Payment: Vesting Conditions and Cancellations
Improvement to IAS 16 – Property, Plant and Equipment
Improvement to IAS 19 – Employee Benefits
Improvement to IAS 20 – Government Grants ...


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			</item>
	<item>
		<title>IAS 38</title>
		<description><![CDATA[A company have a computer software (internally generated) which results in buying the programmes to users
The main customer of this programmes has bankrupt
so the software will not be sold ,Is Impairment should be ?
and also  a few programmes may be sold
So what&#8217;s the right Treatment For this according to IFRS?






		
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		<link>http://www.ifrslist.com/2010/02/ias-38/</link>
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		<title>Are you looking for IFRS discussions?</title>
		<description><![CDATA[Are you looking for IFRS discussions?
A new exciting and easy way to find useful discussion, resources, Ideas about you International Financial Reporting Standards IFRS.
Search your needed topics using tag (key word) search. Just visit http://www.ifrslist.com/tag/ page and click on your tag.






		
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		<title>London &#8211; IFRS Training courses – SPECIAL 10% Discount for IFRS List</title>
		<description><![CDATA[Dear members.
This is just to inform you about interesting IFRS courses organized by Infoline in Central London.
See attached notes for more details.
Special 10% discount for IFRS List – Quote VIP code: KM6384IL-10%discount
A Practical Introduction to
IFRS Application for LIFE Insurers
Including Case Studies &#038; Worked Examples
15 &#038; 16 April 2010 • Central London

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Including Case Studies &#038; Worked Examples
28 &#038; 29 April 2010 • Central London

REFRESH YOUR UNDERSTANDING OF IFRS APPLICATION FOR 2010:
• Obtain an overview of Financial Reporting Requirements for Insurance Companies
• Gain a basic ...


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		<title>IFRS for SMEs &#8211; Free training material by IASC Foundation</title>
		<description><![CDATA[The IASC Foundation is developing 35 stand-alone training modules &#8211; one for each section of the IFRS for SMEs. The modules are free-to-download. The training material has been subject to multi-level peer review. It has not been approved by the IASB. Modules are related to:
- Small and Medium-sized Entities
- Financial Statement Presentation
- Statement of Financial Position
- Statement of Comprehensive Income and Income Statement
- Notes to the Financial Statements
- Accounting Policies, Estimates and Errors
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		<title>Real Time You</title>
		<description><![CDATA[
Real-Time-You is a new exciting way to join IFRS List community.
With Real-Time-You all members can easily
1. Meet other IFRSList members
2. Start new Discussions
3. Update their Status
4. Quote Info
5. Share useful Links and Documents
Start now to enjoi.
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	<item>
		<title>IFRS FAQ</title>
		<description><![CDATA[INTERNATIONAL FINANCIAL REPORTING STANDARDS 
Questions and Answers &#124; Developed by American Institute of Certified Public Accountants.
Here&#8217;s the link http://www.ifrs.com/ifrs_faqs.html






		
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	<item>
		<title>Speculative trading position on accrual accounted asset?</title>
		<description><![CDATA[Hello all,
We have several positions of ‘commodity storages’ in our portfolio (oil storage tanks, underground gas storages, coal reserves…). These storages are considered as assets and are valued at a typical average winter/summer commodity spread (buy summer, sell winter). The complete portfolio is accounted using the “accrual” method. Within the trading business these spreads are also referred to as intrinsic value of a storage.
We are considering trading positions on these assets in the future&#8230; This implies that traders should be possible to take daily &#8217;speculative&#8217; positions on assets assigned in our physical ...


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	<item>
		<title>Fair value as deemed cost for property</title>
		<description><![CDATA[Hello to all IFRS expert,
Our company elects to use fair value at the date of transition as the deemed cost $100 of an item of property, plant and equipment. How we can account the difference $5 of the carrying amount $95 of the asset at that date with its deemed cost $100? Is it correct that we debit PPE $5 and credit Return Earning $5?






		
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		<link>http://www.ifrslist.com/2010/01/ifrs/</link>
			</item>
	<item>
		<title>Latest IAS 39 treatment on forward contracts</title>
		<description><![CDATA[Hello to all IFRS expert,
I would like to clarify the IAS 39 accounting entries for a forward contract.
My company currently open LC for purchase of machinery from japan for our trading business on 11 March 2010. Due to forex volatility, we entered into a forward contract for Japanese Yen. Say the yen amount is JPY25,000,000 @ 3.789 (for malaysia) maturity on 10 January 2011.
What is the double entry ? Is it correct that we debit financial assets at RM947,250 (Yen x 3.789/100) and credit financial liability RM947,250 at the same ...


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		<link>http://www.ifrslist.com/2010/01/latest-ias-39-treatment-on-forward-contracts/</link>
			</item>
	<item>
		<title>Save 15% on IASeminars courses as IFRS List member</title>
		<description><![CDATA[We are pleased to announce that as IFRS List member you can now SAVE 15% on total order for any public seminars booked through IASeminars website (within June 30th 2010)
In order to benefit from this offer, please remember to use the IFRSList promotional code (&#8220;LIST15 &#8220;) when prompted to do so whilst placing an order IASeminars website.
Discover in detail the benefit and IASeminars worldwide courses. Click here &#8211;  http://www.iaseminars.com/en/ifrslist.html?utm_source=ifrslist0509&#038;utm_medium=email&#038;utm_campaign=ifrslistmay
Hoping you&#8217;ll find this news a good news.
Comments and feedback are welcome: salvi.simone@gmail.com
Best Regards
Simone Salvi  






		
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<li><a href='http://www.ifrslist.com/2009/05/iaseminars-courses-save-10-on-total-order-as-ifrslistcom-member-within-june-30-2009/' rel='bookmark' title='Permanent Link: IASeminars courses &#8211; Save 10% on total order as IFRSLIST.com member within June 30, 2009.'>IASeminars courses &#8211; Save 10% on total order as IFRSLIST.com member within June 30, 2009.</a> <small>Dear members Please find attached a selection of IASeminars IFRS...</small></li>
<li><a href='http://www.ifrslist.com/2009/10/infoline%e2%80%99s-ifrs-events-in-december-2009-zurich-save-up-to-e-1500-register-by-the-13th-nov-2009/' rel='bookmark' title='Permanent Link: Infoline’s IFRS events in December 2009 (Zurich) &#8211; SAVE up to €. 1.500 (Register by the 13th Nov 2009)'>Infoline’s IFRS events in December 2009 (Zurich) &#8211; SAVE up to €. 1.500 (Register by the 13th Nov 2009)</a> <small>Dear members This is to inform you about an interesting...</small></li>
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		<title>IAS PLUS Updates &#8211; IFRS Closing Out 2009</title>
		<description><![CDATA[Dear all
I suggest you an useful newsletter published by Deloitte (iasplus.com) that provides a high level overview of new and revised Standards and Interpretations that are effective for December 2009 and later accounting periods.
Have a good joining.
Simone Salvi
http://www.iasplus.com/iasplus/0912closingout2009.pdf






		
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	<item>
		<title>Fixed Asset Capilization</title>
		<description><![CDATA[Dear all
Seasons greetings!!
We have purchased a fixed asset with value of USD 100,00/- specifically at the request of our client. We had the same equipment, but the client need two instead of one and the client agreed to reimburse the cost of additional one, once we install the same on site.
I just want to know whether I can capitalise the equipment as fixed asset in my books of account and claim depreciation on the asset. 
The asset will be in our name and we are the owners of the asset. ...


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	<item>
		<title>Protected: Openings in IFRS</title>
		<description><![CDATA[There is no excerpt because this is a protected post.


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