IASB

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IFRS Implementation-cum-Global Qualification on 3rd July 2011 in New Delhi

For finance and accounts professionals looking for an effective training on IFRS with special focus to India implementation.

By |June 21st, 2011|DOCUMENTS, IAS 16, IAS 2, IAS 21, IAS 38, IAS 39, IFRS, IFRS 7, TRAINING|0 Comments

Joint AICPA/IASC Foundation Conference on IFRS

The AICPA and IASC Foundation’s International Financial Reporting Standards (IFRS) in North America 2009 (October 29-30, 2009 in New York with Pre-Conference Workshops October 28) conference features in-depth presentations, panel discussions and extensive Q&A sessions on the most current developments impacting you and your organization with Sir David Tweedie from the IASB, Bob Herz from [...]

By |June 18th, 2009|EVENTS, IFRS|1 Comment

News about IAS/IFRS from EU – Link to IFRS file (in pdf)

Dear allPlease find attached a news from European Commission about IFRS. In addition you'll find a link to a pdf file related to consolidated text of IFRS.Have a good joining. Regards Simone SalviAccounting standards: Commission adopts consolidated text of IFRS applicable in the EUThe European Commission has adopted on Monday 3 November the consolidated text [...]

By |December 15th, 2008|IFRS|0 Comments

IFRS AND IAS

Dear Friend, Please inform which website can give me detailed IFRS and IAS access free of cost. Deloittee IAS PLUS gives summary. Thanks Hemant Hi Hemant For a summary of the scope of each Standard you may want to rely on the official site of the International Accounting Standard Board (www.iasb.org). Detailed information on each [...]

By |December 15th, 2008|IFRS|0 Comments

Loan Impairment

Is there any guideline for measurement of loan impairment and recognition of interest income by using effective rate method Asim well Esther the UK leads the path i.e. the UK tax authorities are the only ones in Europe which accept IFRS reporting to the extent that its website http://www.hmrc.gov.uk/ does have a section allocated to [...]

By |December 14th, 2008|IFRS|0 Comments

DIFFERENCES BETWEEN THE IFRS AND IAS

What are the diferences between the two accounting policies? IAS was in use before the introduction of IFRS. With effect from the introduction of IFRS, only IAS before the introduction of IFRS is stil in use. Any other international standard that will be issued will now be IFRS but not IAS.   Femi In my view except [...]

By |December 14th, 2008|IFRS|0 Comments

Equity investments AFS is a non-monetary items?

Hi all, We need some guidance in connection to apply the rules explained in IAS 21 related to if investments AFS in capital instruments is a non-monetary item.  Theses equity investments were made without the intention of take control on any compa...

By |December 14th, 2008|DOCUMENTS, FAIR VALUE, FINANCIAL INSTRUMENTS, IAS 16, IAS 2, IAS 21, IAS 39, IFRS|0 Comments

Have a PRC GAAP/IFRS Question

Can anyone confirm if the PRC has officially transitioned to full IFRS GAAP reporting and if so, what was the effective date?  Are companies mandated to report in IFRS GAAP or can they still report in PRC GAAP up to a certain point? Thanks for any clarification any of you can provide. Also, if you have any resources you might refer me to, that would be great. Debbie […]

By |August 28th, 2008|IFRS|0 Comments

Cutt off period

Hi , If provision for Bonus was taken in 2007 for X amount and financial statements for 2007 closed and reported , and in 2008 the payout of Bonuses was more than the provisions amount. As per IFRS , what is acceptable?? 1- should we classify the over expensed amount as Prior year expenses ( [...]

By |August 28th, 2008|IFRS|0 Comments

Need your assistance

My name is Attapol(Mr.) , Thai accountant.   Is it possible if you will send me the summarized of IFRS accounting standard.   In my country applied Thai Accounting Standards (TAS) , I want to compare TAS and IFRS on a one by one accounting standard.   Please assist me   Thanks and regards,   Mr.AttapolPlease [...]

By |August 28th, 2008|IFRS|0 Comments

IFRS vs IAS

Hi everyone I want to know the difference between IFRS and IAS.  As, there are IAS 1 to 41 standards already existing then why IFRS 1 to 8 was developed. Secondly, are these two standards working parallel to each other or IAS is abondoned and now IFRS is working? If someone could please guide me.Well [...]

By |August 28th, 2008|IFRS|0 Comments

IAS-27 query

Hi All This is Muhammad Naveed I have a query regarding the consolidation of subsidiaries. Does IAS-27 allow us to not consolidate subsidiaries which are immaterial for the group? Is it specifically mentioned somewhere in IAS?   Regards Muhammad Well Naveed Actually materiality is an underlying concept of the Financial Statements.So anything which is immaterial needs not [...]

By |August 28th, 2008|IFRS|0 Comments

Please guide on this

Hi all! I am a young chartered accountant from India presently working in a reputed engineering company at Baroda, India. In the long run I plan to start a consulting firm focused on IFRS implementation and compliance. In the medium term I plan to get an international exposure particularly in South East Asian countries like Singapore, [...]

By |August 27th, 2008|IFRS|0 Comments

IFRS PMI

Sono una studentessa di Economia e Legislazione d'impresa, Università degli Studi di Verona. Sto preparando una tesi sulla proposta dello IASB di creare degli IFRS per le PMI. Volevo alcune notizie riguardo l'argomento. Grazie Barbara Hello, I have been looking for guidance pertaining to the Information Technology aspect of IFRS.  From your email, I think [...]

By |August 27th, 2008|IFRS|0 Comments

Standards for sme’s:not for profit organizations

Dear Elena, I understand that accounting standards for smes are still in the drawing boards after asking for comments and suggestions from different sectors. I am a practising accountant in the Philippines.  My concern is on the issue of not-for-profit organization, which in the Philippine context are also known as non-government organizations (NGO's). These NGO's are generally [...]

By |August 27th, 2008|IFRS|0 Comments

Fwd: [IFRS List] standards for sme’s:not for profit organizations

Forwarded conversationSubject: [IFRS List] standards for sme's:not for profit organizations ------------------------From: ann silvers <annsilvers@yahoo.com>Date: Wed, Nov 28, 2007 at 11:40 AM To: ifrs@ifrslist.comOn 11/27/07, ann silvers <annsilvers@yahoo.com> wrote: November 27, 2007   Dear Elena,   I understand that accounting standards for smes are still in the drawing boards after asking for comments and suggestions from [...]

By |August 27th, 2008|IFRS|0 Comments