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	<title>IFRS LIST.COM - The online community about IAS IFRS, Accounting and Auditing</title>
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	<item>
		<title>loss making subsidiaries &#8211; consolidation</title>
		<description><![CDATA[Hi,
my company has a subsidiary which is loss making. The capital has been fully consumed with accumulated losses. In consolidation, we have accounted for the losses. Now we are closing the company. What is the accounting treatment for the investment? in consolidation, this is offset against capital. How to account fo the write-off of the investment in consolidation?
thank you for your suggestion






		
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<li><a href='http://www.ifrslist.com/2009/11/loss-identification-period-loan-loss-provision/' rel='bookmark' title='Permanent Link: Loss identification period, loan loss provision'>Loss identification period, loan loss provision</a> <small>Hello, Can anyone tell me how the &#8220;loss identification period&#8221;...</small></li>
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		<link>http://www.ifrslist.com/2010/09/loss-making-subsidiaries-consolidation/</link>
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	<item>
		<title>Consolidation After Merge</title>
		<description><![CDATA[If  company (A) has a subsidiary(b) during acquisition no goodwill was recognized  then the subsidiary (b) was merged with another company resulted for change it&#8217;s capital structure , so the Investment of (A) at (b) is now greater than it&#8217;s share of  new capital of (b) is the difference recognized as goodwill or what
please Help






		
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Related posts:<ol><li><a href='http://www.ifrslist.com/2010/08/fs-consolidation-2/' rel='bookmark' title='Permanent Link: Financial Statement Consolidation'>Financial Statement Consolidation</a> <small>If the subsidiary was established prior to the parent company,...</small></li>
<li><a href='http://www.ifrslist.com/2010/09/loss-making-subsidiaries-consolidation/' rel='bookmark' title='Permanent Link: loss making subsidiaries &#8211; consolidation'>loss making subsidiaries &#8211; consolidation</a> <small>Hi, my company has a subsidiary which is loss making....</small></li>
<li><a href='http://www.ifrslist.com/2010/06/is-offsetting-of-positive-goodwill-against-negative-goodwill-allowed-in-consolidation/' rel='bookmark' title='Permanent Link: Is offsetting of positive goodwill against negative goodwill allowed in consolidation?'>Is offsetting of positive goodwill against negative goodwill allowed in consolidation?</a> <small>Hi everyone, In consolidation, are we allowed to offset negative...</small></li>
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		<link>http://www.ifrslist.com/2010/08/conslidation-after-merge/</link>
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		<title>IFRS Updates 2010: IFRS List 10% Discount &#8211; London + Zurich</title>
		<description><![CDATA[IFRS 2010 Update
 
A step-by-step guide through the complexities of IFRS and all the  latest developments from one of the key figures in the industry
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			</item>
	<item>
		<title>IFRS Classification in Income Statement</title>
		<description><![CDATA[If a project is directly related to the project i.e software maintenance &#38; development. How do I tag it in the income statement. Is it alright to say &#8221; project implementation cost&#8217;






		
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<li><a href='http://www.ifrslist.com/2010/08/fs-consolidation-2/' rel='bookmark' title='Permanent Link: Financial Statement Consolidation'>Financial Statement Consolidation</a> <small>If the subsidiary was established prior to the parent company,...</small></li>
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		<link>http://www.ifrslist.com/2010/08/category/</link>
			</item>
	<item>
		<title>Minority Interst</title>
		<description><![CDATA[Do I still need to account for a 1% minority interest?
Are receivable from shareholders (part of share capital) eliminated in consolidation or not.






		
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		<link>http://www.ifrslist.com/2010/08/minority-interst/</link>
			</item>
	<item>
		<title>Financial Statement Consolidation</title>
		<description><![CDATA[If the subsidiary was established prior to the parent company, what are the possible complications? I.e. because the Holdings require higher initial capital the management decided that once the subsidiary generates revenue. the revenue can be use to fund the share capital of the parent.
On the establishment of the subsidiary the shareholders put more money over the share capital. can i transfer the excess of shareholders capital in the subsidiary to the parent company? what would be my entry?Please help.






		
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Related posts:<ol><li><a href='http://www.ifrslist.com/2010/08/conslidation-after-merge/' rel='bookmark' title='Permanent Link: Consolidation After Merge'>Consolidation After Merge</a> <small>If  company (A) has a subsidiary(b) during acquisition no goodwill was...</small></li>
<li><a href='http://www.ifrslist.com/2010/09/loss-making-subsidiaries-consolidation/' rel='bookmark' title='Permanent Link: loss making subsidiaries &#8211; consolidation'>loss making subsidiaries &#8211; consolidation</a> <small>Hi, my company has a subsidiary which is loss making....</small></li>
<li><a href='http://www.ifrslist.com/2010/05/borrowing-costs-capitalization-and-consolidation/' rel='bookmark' title='Permanent Link: Borrowing costs capitalization and consolidation?!'>Borrowing costs capitalization and consolidation?!</a> <small>Could you please help with the following situation. Mother company...</small></li>
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		<link>http://www.ifrslist.com/2010/08/fs-consolidation-2/</link>
			</item>
	<item>
		<title>Acquisition &#8211; Business Combination</title>
		<description><![CDATA[How do i record an acquisition without investment made by the parent to the subsidiary?






		
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		<title>IFRS for Insurers: Save up to £1050 plus an extra IFRS List 10% Discount</title>
		<description><![CDATA[This year’s  ‘Practitioners Forum on IFRS for Insurers’ explores how new financial reporting  requirements will impact preparers of insurance company accounts over the coming  months.
The 2010 Practitioners’ Forum  on
IFRS for  Insurers
Implementing New Approaches to Financial  Reporting
in Response to the IASB Exposure Draft
22 September 2010 • Central  London
Attend this Europe&#8217;s leading insurance accounting conference to:
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			</item>
	<item>
		<title>Revaluation of Leasehold land</title>
		<description><![CDATA[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






		
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			</item>
	<item>
		<title>COS in intirim statements</title>
		<description><![CDATA[I ran into a situation where a company takes a physical inventory (serially manufactured products) annually.  In its  interim statements, it would like to omit the change in inventory from its cost of sales calculation (since including it would require a physical inventory in the interim).  Assuming it publishes condensed interim statements, would this be acceptable?  Or should it estimate the change?  If so, any suggestions as to how?
(sorry if this was posted twice, the firs time I got a server timeout).






		
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			</item>
	<item>
		<title>Capitalization of internally developed software</title>
		<description><![CDATA[My company develops software for internal use (although it could also be sold to other similar companies). It almost always replaces the software we purchased at earlier time, so it generates visible economic benefits by reducing costs. Can we capitalize our internally developed software?






		
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			</item>
	<item>
		<title>Realized exchange &#8211; or Revaluation differences?</title>
		<description><![CDATA[Dear All,
We run a SAP system with a company in EUR as Local currency and USD as reporting currency. When we book a 100 EUR invoice automatically SAP books it based on the system rate as f.e.150 USD in the reporting currency. Sofar everthing is in order. When we pay the 100 EUR from a EUR bank account 14 days later USD rate is 1,4.  In Local currency we have no realized exchange differences nor revaluation differences. In the reporting currency however we are facing a difference of 10 USD. I tend to ...


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			</item>
	<item>
		<title>Standard cost example</title>
		<description><![CDATA[Does anyone know where I can find an example of how standard costing would be reported under IFRS.






		
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	<item>
		<title>Change in accounting policy</title>
		<description><![CDATA[IAS 8 provides for chnages in accounting policies.  Do you know of any companies that have changed their accounting policy from Market to historical costs for PPE






		
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		<title>The 2010 Practitioners’ Summit on IAS 39 Replacement &#8211; Register by Friday 13th August to SAVE up to £1200!</title>
		<description><![CDATA[The 2010 Practitioners’ Summit on:
IAS 39 Replacement
Addressing Technical &#38; Regulatory IFRS 9  Implementation Challenges
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For the latest programme or to register visit:  http://www.informaglobalevents.com/KM6442IFRSE1
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Quote VIP Code: KM6442IFRSE1
PLUS register by  13th August to SAVE up to ...


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		<title>Lease of Lands</title>
		<description><![CDATA[Is it possible alocate lease of land (reforestation) as a finance lease? 






		
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Related posts:Project costs-Land lease Dear all, This is my first participation in this forum....
Leasing &#8211; How to Hi all, Any idea on this please&#8230; a ...


Related posts:<ol><li><a href='http://www.ifrslist.com/2009/11/project-costs-land-lease/' rel='bookmark' title='Permanent Link: Project costs-Land lease'>Project costs-Land lease</a> <small>Dear all, This is my first participation in this forum....</small></li>
<li><a href='http://www.ifrslist.com/2009/10/leasing-how-to/' rel='bookmark' title='Permanent Link: Leasing &#8211; How to'>Leasing &#8211; How to</a> <small>Hi all, Any idea on this please&#8230; a lease to...</small></li>
<li><a href='http://www.ifrslist.com/2009/11/accounting-issues-in-marine-industry/' rel='bookmark' title='Permanent Link: Accounting issues in marine industry?'>Accounting issues in marine industry?</a> <small>Can someone please share thoughts around generic accounting issues in...</small></li>
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		<title>Treatment of volume discount whether to adjust in turnover or not. How it is treated in IFRS</title>
		<description><![CDATA[Volume Discount in Indian books we reduce it from the turnover but for UK accounting how it will be treated whether as direct cost or to be reduced from turnover. 






		
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Related posts:IFRS for Insurers: Save up to ...


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		<link>http://www.ifrslist.com/2010/07/treatment-of-volume-discount-whether-to-adjust-in-turnover-or-not-how-it-is-treated-in-ifrs/</link>
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		<title>Treatment of Exchange Difference on Capital Asset</title>
		<description><![CDATA[a.	Exchange difference arising between spot rate on the date of bill of lading and forward cover rate.  Whether this difference is to be capitalized when pertaining to purchase of fixed asset or to be charged off as revenue.  How will you treat the above in UK books and Indian Books?  In Indian books earlier it used to be capitalized but now it is to be charged off as revenue






		
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<li><a href='http://www.ifrslist.com/2010/07/treatment-of-volume-discount-whether-to-adjust-in-turnover-or-not-how-it-is-treated-in-ifrs/' rel='bookmark' title='Permanent Link: Treatment of volume discount whether to adjust in turnover or not. How it is treated in IFRS'>Treatment of volume discount whether to adjust in turnover or not. How it is treated in IFRS</a> <small>Volume Discount in Indian books we reduce it from the...</small></li>
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		<link>http://www.ifrslist.com/2010/07/treatment-of-exchange-difference-on-capital-asset/</link>
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		<title>IFRS for Insurers Course &#8211; Register by 20th August and save up £ 1.300 as an IFRSList Subscriber!</title>
		<description><![CDATA[Dear  members
This is to  inform you about IFRS for  Insurers conference in Central London in  2010.
Register  by  20th August to SAVE up to  up to £ 1.300!
To claim  your discount just quote VIP Code : KM6393LISTEM when  booking (see attached email for more details).
Kind  Regards
Simone  Salvi
 
Dear  Colleague,
This  year’s ‘Practitioners Forum on IFRS for Insurers’ explores how new financial  reporting requirements will impact preparers of insurance company accounts over  the coming months.
The  2010 Practitioners’ Forum on
IFRS for  Insurers
Implementing New Approaches ...


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<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>Revenue recognition for taxes/service taxes</title>
		<description><![CDATA[when we are paying taxes and subsquently recovering from customers, Can we net off and remaining can be shown as expenses.
Do we need to show both lines seperately  collection as revenue and payment as expenses






		
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Related posts:What ...


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