Para 4 of IAS 38 says “computer
software for a computer-controlled machine tool that cannot operate without
that specific software is an integral part of the related hardware and it is treated
as property, plant and equipment. The same applies to the operating system of a
computer.”
Its true for branded computers which come pre installed with windows. But If we buy a non branded computer (without opereating system, ofcourse) and purchase windows seperately. Should I recognize the windows under IAS 38 or include in hardware’s cost (treat it under IAS 16).

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Hello fellow accountants,
I am Ravishankar Reddy, a Chartered Accountant from India. I have certain doubts as to the accounting treatment of rental deposit paid.
For example, ‘X’ pays rent of $ 10,000 per month for an office premises. He enter into a agreement with his landlord for a period of 3 years. He also pays a rental deposit of $1,00,000. Should there be any accounting effect for the ‘interest lost’ on this rental deposit as the tenant (X) is foregoing $ 1,00,000? Assume market interest rate of 10%
 Can anyone explain all …

Hi All,
I would  like to know what the best treatment for Free Goods offerd from a supplier to a retail pharmaceutical company . Actulay the offer is presented in two types :
1- implicit in the vendor invoice as an additioanl free quantity with a 0 value , means the invoice contain both priced goods with $ value and additional free goods with 0 value.
2- Seprate free shipment with a total 0 value invoice.
Please advice the accounting treatment for this case.?
Thanks

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