IFRS 1

/Tag:IFRS 1

Fair value as deemed cost for property

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 [...]

By |January 23rd, 2010|IAS 16, IFRS 1|5 Comments

IFRS 1 (restructured in 2008) and IFRIC 17 adopted by UE

The Commission of European Communities has adopted: - IFRS 1 First time adoption of international financial reporting standards (restructured in 2008), that replaced International Financial Reporting Standard (IFRS) 1 First-time adoption of international financial reporting standards - IFRIC 17 - IFRIC Interpretation 17 - Distributions of Non-cash Assets to Owners Quick links to related documents: [...]

By |December 2nd, 2009|IFRIC 17, IFRS 1, RESOURCES|2 Comments

First Time Adoption – IFRS Guide

Dear all this is just to inform you about an interesting resource about IFRS 1 published by Deloitte. This is the Link http://www.iasplus.com/dttpubs/0911ifrs1guide.pdf

By |December 1st, 2009|RESOURCES|2 Comments