Hi everyone,
In consolidation, are we allowed to offset negative goodwill against postive goodwill?
Thanks for your help.

If a company has the ability to choose between accounting for property under AASB 116 Property Plant and Equipment and AASB 140 Investment Property, in which circumstances (if any) do you believe the company would favour using AASB 116 over AASB 140 (or vice versa). Why?

What entry to be passed for profit or loss on forward contract at the inception date of forward contract and is there requirement of any of accounting entry as on balance sheet date just journal entries.

Hi,
I would like to know if the high costs of migrating markets, being already a traded fund, can be capitalized and further write off the costs over a period of at least 3 year.
Is this possible or should these costs be expensed?
Eli

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Looking for an example of a company that has recorded a gain on a bargain purchase resulting from a business combination. Ideal if it was a mining company.
Thanks
Gord

Looking for an example of a company that has included a “convenience translation” in its IFRS financial statements. (as described in IAS 21 par 56-57 and BC14). This would be supplementary information that is presented in a different than its functional or presentation currency.
Thanks

Could you please help with the following situation.
Mother company (company A) has given loan to its 100% subsidiary (company B), which on the other hand capitalizes the borrowing costs since the loan is used to build a qualifying asset. In order to be able to provide loan to its 100% subsidiary, the mother company has obtained loan from the ultimate parent (company C) in the same amount but with different interest rate. Now, for the purpose of the the consolidated financial statements of company A (which includes company B as …

how to recognize revenue for mall if 10 years tennacy contract but 8 years paid and two years for free

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Dear Experts,
If accounts receivables from a customer is $1000. The customer d
does not pay and court orders that assets of customer can be sold by the seller and settle against accounts receivables. What is the accounting treatment as per IFRS.
Whether assets acquired from customer is to be treated as asset held for sale and accounts receivables can be credited.
Whether on sale of assets revenue is to be recognised less cost of removal of assets.

When arranging a long term loan mortgage fees are paid. Are these fees to be considered as ancillary borrowing cost and should be included in calculation of the effective interest rate?
Thanks,
Ilian Dimitrov Gotzev

Good day to everyone! Please, help me in the next controversial question.
IAS 2 requires distribution expenses to be accounted as expenses of a period instead of to increase cost of goods. It is quite obvious, however, if, for instance, a company incurs transport expenses to deliver its products to customers situated in other regions or even in other countries. In this case, in my opinion it would be wrong to reflect this transport expenses as “distribution cost” of a period for the following reasons. Firstly, the moment of completion of …

Can external costs related to ISO certification be capitalized as intangible assets, under IFRS?

Dear all,
This is my first participation in this forum. i have a question 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 costs 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 compination …

1. Does IFRS require consolidated accounts to be reported for subsidiary companies pursuing dissimilar activities?
2. Do companies within the EU have to use IFRS as a standard?  Are other standards allowed?
3. It is common practice, according to a publication, that consolidated accounts are prepared from the point of view of the parent company, thus, separating the fair values of minority interests.  Is this practice being worked upon by IASB?
If possible, please quote the relevant standard and the location of the source copy.

Does IAS require consolidated accounts reported for subsidiary companies pursuing dissimilar activities (than those of the parent company)?
Can you quote the relevant IASs?  Where can I find copies and guidelines of the IASs for reading?
Do EU companies have to follow IAS since 2005?  What other standards (e.g. IFRS) are acceptable?  In which legislations?
Reference
Corporate Financial Accounting and Reporting 2nd Ed by Tim Sutton

We are planning to take Franchise of One Brand, for this we are paying following amounts :-
1)      Initial Fees – this we have to pay only once.
 2)      Royalty – Every Year it is payable @ % on sales.
 3)      Additional Fees – this fees we have to pay them if we open another location also.
We need your advice that can we capitalized 1st and 3rd and write off the period we are taking the franchise, like we are planning for 5 years

Help me i need hedge entries for foreign currency hedge

Can somebody please help me how to recognize present value and future values for receivables
giving examples with journal entries

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