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	<title>IFRS LIST.com &#187; PPE</title>
	<atom:link href="http://www.ifrslist.com/tag/ppe/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.ifrslist.com</link>
	<description>The Community about IAS/IFRS, International Accounting</description>
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		<item>
		<title>Accounting treatment of PPE in consolidated financial statement</title>
		<link>http://www.ifrslist.com/2010/03/09/ifrs-accounting-treatment-ppe/</link>
		<comments>http://www.ifrslist.com/2010/03/09/ifrs-accounting-treatment-ppe/#comments</comments>
		<pubDate>Tue, 09 Mar 2010 16:16:32 +0000</pubDate>
		<dc:creator>beth</dc:creator>
				<category><![CDATA[IAS 16]]></category>
		<category><![CDATA[PPE]]></category>
		<category><![CDATA[PROPERTY PLANT EQUIPMENT]]></category>

		<guid isPermaLink="false">http://www.ifrslist.com/?p=1803</guid>
		<description><![CDATA[How will you report the ppe in the consolidated balance sheet if some of the units use historical cost and some the market valuation?
If there is no historical cost data available, could you use the market value?
thnak you


Related posts:IFRS Accounting Treatment of Initial set up costs &#8211; Investment fund
Accounting treatment of currency exchange differences arising out of consolidation
Change in accounting policy



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<li><a href='http://www.ifrslist.com/2010/10/10/accounting-treatment-of-currency-exchange-differences-arising-out-of-consolidation/' rel='bookmark' title='Permanent Link: Accounting treatment of currency exchange differences arising out of consolidation'>Accounting treatment of currency exchange differences arising out of consolidation</a></li>
<li><a href='http://www.ifrslist.com/2010/08/07/change-in-accounting-policy/' rel='bookmark' title='Permanent Link: Change in accounting policy'>Change in accounting policy</a></li>
</ol>]]></description>
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		<slash:comments>6</slash:comments>
		</item>
		<item>
		<title>Revised useful life of Assets</title>
		<link>http://www.ifrslist.com/2009/07/11/revised-useful-life-of-assets/</link>
		<comments>http://www.ifrslist.com/2009/07/11/revised-useful-life-of-assets/#comments</comments>
		<pubDate>Sat, 11 Jul 2009 17:52:08 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[IAS 16]]></category>
		<category><![CDATA[ACCOUNTING EFFECT]]></category>
		<category><![CDATA[EFFECT OF CHANGE IN USEFUL LIFE]]></category>
		<category><![CDATA[PPE]]></category>
		<category><![CDATA[PROPERTY PLANT EQUIPMENT]]></category>
		<category><![CDATA[REVISED LIFE]]></category>
		<category><![CDATA[REVISED USEFUL LIFE]]></category>

		<guid isPermaLink="false">http://www.ifrslist.com/?p=1370</guid>
		<description><![CDATA[Dear all
If the life of an Asset is revised. Should we give effect retrospectively or prospectively. Please give refernce from IFRS/IAS.
and is it mandotary to revise the whole class of assets life. e.g if one truck is working in desert /rough areas and one is in city area do we have to revised the life of both?
Regards 


Related posts:Change in life of computer software IAS 16, IAS 8
LIFE OF OWNED IMPROVMENT
Regulatory Reporting for Life Insurers: IFRS List 10% Discount



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<li><a href='http://www.ifrslist.com/2010/03/08/life-of-owned-improvment/' rel='bookmark' title='Permanent Link: LIFE OF OWNED IMPROVMENT'>LIFE OF OWNED IMPROVMENT</a></li>
<li><a href='http://www.ifrslist.com/2010/10/06/regulatory-reporting-for-life-insurers-ifrs-list-10-discount-2/' rel='bookmark' title='Permanent Link: Regulatory Reporting for Life Insurers: IFRS List 10% Discount'>Regulatory Reporting for Life Insurers: IFRS List 10% Discount</a></li>
</ol>]]></description>
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		<slash:comments>6</slash:comments>
		</item>
		<item>
		<title>Classification of PPE, Investment Properties and Assets held for sales</title>
		<link>http://www.ifrslist.com/2009/04/23/classification-of-ppe-investment-properties-and-assets-held-for-sales/</link>
		<comments>http://www.ifrslist.com/2009/04/23/classification-of-ppe-investment-properties-and-assets-held-for-sales/#comments</comments>
		<pubDate>Thu, 23 Apr 2009 08:41:11 +0000</pubDate>
		<dc:creator>natalie1984</dc:creator>
				<category><![CDATA[OTHER IFRS]]></category>
		<category><![CDATA[CLASSIFICATION]]></category>
		<category><![CDATA[HELD FOR SALE]]></category>
		<category><![CDATA[PPE]]></category>

		<guid isPermaLink="false">http://www.ifrslist.com/?p=1267</guid>
		<description><![CDATA[My company is involved in renting of properties and selling of developemt properties. We currently have development properties that are held for immediate sale. However, due to the property is completed and vacant, the unit is available for rental to staff (for recreation purpose) in order to earn rental income. As such, can we still classify the development property as asset held for sale?
The argument is that the asset is saleable at any time if there is interested buyer and there are ongoing plans to make the unit saleable. Hence ...


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<li><a href='http://www.ifrslist.com/2008/08/27/asset-held-for-resale/' rel='bookmark' title='Permanent Link: Asset held for resale'>Asset held for resale</a></li>
<li><a href='http://www.ifrslist.com/2009/02/05/impairment-for-mining-companies-ee-assets/' rel='bookmark' title='Permanent Link: Impairment for Mining Companies (E&amp;E assets)'>Impairment for Mining Companies (E&amp;E assets)</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Capitalization of repairment expenses</title>
		<link>http://www.ifrslist.com/2009/02/22/capitalization-of-repairment-expenses/</link>
		<comments>http://www.ifrslist.com/2009/02/22/capitalization-of-repairment-expenses/#comments</comments>
		<pubDate>Sun, 22 Feb 2009 20:23:14 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[OTHER IFRS]]></category>
		<category><![CDATA[CAPITALIZATION]]></category>
		<category><![CDATA[IAS 16]]></category>
		<category><![CDATA[IAS 17]]></category>
		<category><![CDATA[LEASING]]></category>
		<category><![CDATA[PPE]]></category>
		<category><![CDATA[REPAIRMENT]]></category>

		<guid isPermaLink="false">http://www.ifrslist.com/?p=1177</guid>
		<description><![CDATA[Dear All,
The company use a buillding under operation lease, company just pay lease payments to the owner of the building and there is no intention in the future to get any legal rights on this building.  The repairement of the building was performed by the lessee company. According to IFRC, can the repairment expenses treated as Property, Plant  and Equipmrnt or intangible assets and be capitalized respectively? thank you
Salome


Related posts:Project cost &#8211; Leased land
IAS -16 construction of hotel building on leased land
PRIOR YEARS&#8217; EXPENSES



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<li><a href='http://www.ifrslist.com/2009/09/13/ias-16-construction-of-hotel-building-on-leased-land/' rel='bookmark' title='Permanent Link: IAS -16 construction of hotel building on leased land'>IAS -16 construction of hotel building on leased land</a></li>
<li><a href='http://www.ifrslist.com/2008/08/28/re-ifrs-list-prior-years-expenses-2/' rel='bookmark' title='Permanent Link: PRIOR YEARS&#8217; EXPENSES'>PRIOR YEARS&#8217; EXPENSES</a></li>
</ol>]]></description>
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		<slash:comments>6</slash:comments>
		</item>
		<item>
		<title>Work in progress</title>
		<link>http://www.ifrslist.com/2009/02/13/work-in-progress/</link>
		<comments>http://www.ifrslist.com/2009/02/13/work-in-progress/#comments</comments>
		<pubDate>Fri, 13 Feb 2009 13:11:55 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[IFRS]]></category>
		<category><![CDATA[PPE]]></category>
		<category><![CDATA[WORK IN PROGRESS]]></category>

		<guid isPermaLink="false">http://www.ifrslist.com/?p=1143</guid>
		<description><![CDATA[Dear Experts,
An Org. is into construction of building and renting to tenants for offices as considered as PPE due to other revenue significant.
Building under construction remain in CWIP. Now at the year end what if contractor has not submitted payment certificate up to year end and on sending confirmation to him, there is difference in balance
payable.
Do we need to account CWIP and LIABILITY without having payment certificate for value of work done up to 31.12.08.
There wont be any impact on Dep due to CWIP.
What if building is capitalised in 2008 ...


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<li><a href='http://www.ifrslist.com/2009/02/26/capital-work-in-progress/' rel='bookmark' title='Permanent Link: Capital work in progress'>Capital work in progress</a></li>
<li><a href='http://www.ifrslist.com/2012/02/04/ias-16-ppe/' rel='bookmark' title='Permanent Link: IAS 16 PPE'>IAS 16 PPE</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Provision for commission to agents on outstanding premiums</title>
		<link>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-provision-for-commission-to-agents-on-outstanding-premiums/</link>
		<comments>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-provision-for-commission-to-agents-on-outstanding-premiums/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 23:41:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[IFRS]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[DISCLOSURE]]></category>
		<category><![CDATA[EXPENSES]]></category>
		<category><![CDATA[IAS]]></category>
		<category><![CDATA[IAS 37]]></category>
		<category><![CDATA[PPE]]></category>
		<category><![CDATA[SEC]]></category>
		<category><![CDATA[SHARE]]></category>

		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-provision-for-commission-to-agents-on-outstanding-premiums/</guid>
		<description><![CDATA[To all,
Can any one clarify whether it is necessary for provision for
commission to agents to be made for the premiums not yet received, at
the end of every month.
jay


For any provision, I think you&#8217;d first need to look at IAS 37 paragraph 14.
Is there a present obligation as a result of a past event?
Is it probable that there will be an outflow of resources to settle
the obligation?
Can the amount be reasonably estimated?
Whether or not the premiums have been received is not relevant.
Craig


If you recognise an income in the Profit &#38; Loss ...


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<li><a href='http://www.ifrslist.com/2008/12/15/termination-provisions/' rel='bookmark' title='Permanent Link: Termination provisions'>Termination provisions</a></li>
<li><a href='http://www.ifrslist.com/2010/10/03/bonus-provision-and-reversal/' rel='bookmark' title='Permanent Link: Bonus provision and reversal'>Bonus provision and reversal</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Capitalization of Visa Charges</title>
		<link>http://www.ifrslist.com/2008/12/15/capitalization-of-visa-charges/</link>
		<comments>http://www.ifrslist.com/2008/12/15/capitalization-of-visa-charges/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 23:38:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[IFRS]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[DEPRECIATION]]></category>
		<category><![CDATA[DOWNLOAD]]></category>
		<category><![CDATA[EXPENSES]]></category>
		<category><![CDATA[PPE]]></category>
		<category><![CDATA[REPORT]]></category>

		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-capitalization-of-visa-charges/</guid>
		<description><![CDATA[Dear All
Greeting
In UAE work visa would be for 3 years and cost would be paid by the
employer and in my company it is practice to debit as administration
expense. Employees must has to complete 3 years and if he/she leave
the job prior to three years he has to pay back the full visa cost to
company.
In my opinion it should be capitalized and depreciated for three years
to meet fair presentation of financial reporting standard.
Please suggest appropriate treatment
Regards,
Ahmad


Dear Ahmad,
I think you should put the cost in prepayments and write-off against
admin expenses during the ...


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<li><a href='http://www.ifrslist.com/2008/12/14/capitalization-of-wip/' rel='bookmark' title='Permanent Link: Capitalization of WIP'>Capitalization of WIP</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>IFRS-1</title>
		<link>http://www.ifrslist.com/2008/12/15/ifrs-1/</link>
		<comments>http://www.ifrslist.com/2008/12/15/ifrs-1/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:30:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[IFRS]]></category>
		<category><![CDATA[CASH]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[DEPRECIATION]]></category>
		<category><![CDATA[EQUITY]]></category>
		<category><![CDATA[EVALUATION]]></category>
		<category><![CDATA[FAIR VALUE]]></category>
		<category><![CDATA[GAAP]]></category>
		<category><![CDATA[IAS]]></category>
		<category><![CDATA[IAS 1]]></category>
		<category><![CDATA[IAS 16]]></category>
		<category><![CDATA[IAS 36]]></category>
		<category><![CDATA[MARKET VALUE]]></category>
		<category><![CDATA[PPE]]></category>
		<category><![CDATA[PROJECT]]></category>
		<category><![CDATA[SEC]]></category>
		<category><![CDATA[SHARE]]></category>

		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-ifrs-1/</guid>
		<description><![CDATA[
dear sir or mam
 
When one company adopt the IFRSs 1 first time then what are the irems exempted from national GAAP in the case of convergance to IFRSs.
 
Thanks
 
Sincerely yours,
Rakesh



dear rakesh

pls read ifrs 1 and see the exemption given for the same
there are 10 exemptions
Regards
Jignesh


 

We have a projector &#38; purchased 6 years back @ 17000/- we have depreciated 8000/- as of now and the NBV is 9000/-. Now the market value is 5000/-. Do we need any accouning treatment as per IFRS.
Upul


Dear Upul,
IAS 16, Property, Plant and Equipment (PPE), allows a choice ...


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<li><a href='http://www.ifrslist.com/2008/08/28/re-re-ifrs-list-treatment-for-revaluation-of-land/' rel='bookmark' title='Permanent Link: Treatment for revaluation of land'>Treatment for revaluation of land</a></li>
<li><a href='http://www.ifrslist.com/2008/12/15/where-can-i-find-pdf-copy-of-us-gaap-and-us-gaap-apb/' rel='bookmark' title='Permanent Link: Where can I find pdf copy of US GAAP and US GAAP APB?'>Where can I find pdf copy of US GAAP and US GAAP APB?</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Financial instruments</title>
		<link>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-financial-instruments/</link>
		<comments>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-financial-instruments/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:29:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[FINANCIAL INSTRUMENTS]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[EQUITY]]></category>
		<category><![CDATA[EXCHANGE RATE]]></category>
		<category><![CDATA[IAS]]></category>
		<category><![CDATA[IAS 2]]></category>
		<category><![CDATA[IAS 21]]></category>
		<category><![CDATA[IAS 32]]></category>
		<category><![CDATA[IAS 39]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[IFRS 7]]></category>
		<category><![CDATA[PPE]]></category>
		<category><![CDATA[REPORT]]></category>

		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-financial-instruments/</guid>
		<description><![CDATA[Does it exist a definition for financial instruments? 

I am confused with the different perceptions of financial instruments.
Thanks.
Sincerely yours
Emilio


 
Dear Emilio,
 
a Financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
for this, definition of financial asset and liability and equity have to be checked
jatin


Emilio&#8211;
IAS 32 Financial Instruments defines this in paragraph 11
Craig


 


There are various treatment of financial instruments as to their valuation, measurement and prepsentation. You may refer to IFRS 7, IAS 32 and IAS 39.
 

IAS 21 discusses ...


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<li><a href='http://www.ifrslist.com/2008/12/14/ifrs-7-2/' rel='bookmark' title='Permanent Link: IFRS 7'>IFRS 7</a></li>
<li><a href='http://www.ifrslist.com/2011/12/11/reclassification-of-financial-instruments-is-the-current-european-financial-crisis-considered-a-rare-circumstance/' rel='bookmark' title='Permanent Link: Reclassification of Financial Instruments: Is the current European financial crisis considered a rare circumstance?'>Reclassification of Financial Instruments: Is the current European financial crisis considered a rare circumstance?</a></li>
</ol>]]></description>
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		</item>
		<item>
		<title>Calculation of deferred tax</title>
		<link>http://www.ifrslist.com/2008/12/15/calculation-of-deferred-tax/</link>
		<comments>http://www.ifrslist.com/2008/12/15/calculation-of-deferred-tax/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:25:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[TAX]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[DEFERRED TAX]]></category>
		<category><![CDATA[DEPRECIATION]]></category>
		<category><![CDATA[DISCLOSURE]]></category>
		<category><![CDATA[EQUITY]]></category>
		<category><![CDATA[FIXED ASSET]]></category>
		<category><![CDATA[IAS]]></category>
		<category><![CDATA[IAS 1]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[LINK]]></category>
		<category><![CDATA[PPE]]></category>
		<category><![CDATA[SHARE]]></category>

		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-calculation-of-deferred-tx/</guid>
		<description><![CDATA[Can any one help me for calculation of deferred tax under deductable timing diference
Example: writeen down value of fixed assets as pert accounts-200
         writeen down value as per tax                      150
please privide the soluision by giving effects in the profit and loos accounts and balance sheet. The company going to introduce deferred tax in first time


Hi,
 
Here is the solution::
U need to calculate PGBP in following manner taking into consideration timing differences :
 
PBT as per P &#38; L a/c ...


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<li><a href='http://www.ifrslist.com/2008/08/28/re-ifrs-list-ias-12/' rel='bookmark' title='Permanent Link: IAS-12'>IAS-12</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Difference between affiliates and subsidaries</title>
		<link>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-difference-between-affiliates-and-subsidaries/</link>
		<comments>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-difference-between-affiliates-and-subsidaries/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:24:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[CONSOLIDATION]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[CPA]]></category>
		<category><![CDATA[DISCLOSURE]]></category>
		<category><![CDATA[EXPENSES]]></category>
		<category><![CDATA[IAS]]></category>
		<category><![CDATA[IAS 37]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[LOAN]]></category>
		<category><![CDATA[PPE]]></category>
		<category><![CDATA[SHARE]]></category>
		<category><![CDATA[SUBSIDIARY]]></category>

		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-difference-between-affiliates-and-subsidaries/</guid>
		<description><![CDATA[Dears
Would you please explain me what is the difference between affiliates
and subsidaries, and then if there is any difference in accounting
treatments.( i am asking these question w.r.t an investment co.)
2nd thing is how i will treat the personal expenses of a partner which
are being paid by the co. and where i have to show it in the balance
sheet.
Regards,
Hameed


Dear Hameed
The shares of subsidiary company should be owned by holding company
but for affiliates, the relationship is a connected party.
Thanks and regards
Simon


Dear Simon
Thanx for your reply, dear would you please explian me more, ...


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<li><a href='http://www.ifrslist.com/2008/08/28/re-ifrs-list-goodwill-minority-calculation/' rel='bookmark' title='Permanent Link: Goodwill &#38; Minority calculation'>Goodwill &#38; Minority calculation</a></li>
</ol>]]></description>
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		</item>
		<item>
		<title>IFRS 5</title>
		<link>http://www.ifrslist.com/2008/12/15/ifrs-5-2/</link>
		<comments>http://www.ifrslist.com/2008/12/15/ifrs-5-2/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:24:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[OTHER IFRS]]></category>
		<category><![CDATA[DISCLOSURE]]></category>
		<category><![CDATA[EQUITY]]></category>
		<category><![CDATA[EVALUATION]]></category>
		<category><![CDATA[IAS]]></category>
		<category><![CDATA[IAS 36]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[PPE]]></category>
		<category><![CDATA[SHARE]]></category>

		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-ifrs-5-2/</guid>
		<description><![CDATA[Dear all,

 
Is it possible to reclassify asset held for sale back to PPE?
 
 
Thanks,
Grace



Dear,
the guidances in this case are explianed in IFRS5.26 to IFRS5.29
Best regards,
         


Dear DivineIt is possible to reclassify an asset held for sale back to PPE if the criteria for classification are no longer met or if there is a change in plan for sale. The asset would need to be remeasured. Please refer to paragraphs 26 to 29 and 42 of IFRS 5 for more details on measurement and disclosure.
Regards
Vatsala




DEAR grace,
 
yes it is possible  but in that case ...


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		</item>
		<item>
		<title>Not-for-profit organizations</title>
		<link>http://www.ifrslist.com/2008/12/15/not-for-profit-organizations/</link>
		<comments>http://www.ifrslist.com/2008/12/15/not-for-profit-organizations/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:22:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[OTHER]]></category>
		<category><![CDATA[AUDIT]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[FINANCIAL INSTRUMENTS]]></category>
		<category><![CDATA[GAAP]]></category>
		<category><![CDATA[IAS]]></category>
		<category><![CDATA[IAS 1]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[INTERESTS]]></category>
		<category><![CDATA[INTERNAL CONTROL]]></category>
		<category><![CDATA[INVESTMENTS]]></category>
		<category><![CDATA[PPE]]></category>
		<category><![CDATA[PROJECT]]></category>
		<category><![CDATA[SHARE]]></category>
		<category><![CDATA[TAX]]></category>

		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-not-for-profit-organizations/</guid>
		<description><![CDATA[In Canada, public companies and financial institutions (generally)
will be adopting IFRS in 2011. Private companies will have the choice
between IFRS and or local Canadian standards specifically for them. It
has not been announce yet what will happen with &#8220;Not-for-profit&#8221;
organizations (generally charities), but it seems likely they will
also have a choice between IFRS and local Canadian standards designed
specifically for not-for-profit organizations (essentially the private
company accounting standards with some extras/exceptions).
Can I ask what happens in other countries that are using (or adopting)
IFRS? Do private companies have a choice to adopt IFRS, are there
local ...


Related posts:<ol><li><a href='http://www.ifrslist.com/2008/08/27/standards-for-smesnot-for-profit-organizations/' rel='bookmark' title='Permanent Link: Standards for sme&#8217;s:not for profit organizations'>Standards for sme&#8217;s:not for profit organizations</a></li>
<li><a href='http://www.ifrslist.com/2008/08/27/fwd-ifrs-list-standards-for-smesnot-for-profit-organizations/' rel='bookmark' title='Permanent Link: Fwd: [IFRS List] standards for sme&#8217;s:not for profit organizations'>Fwd: [IFRS List] standards for sme&#8217;s:not for profit organizations</a></li>
<li><a href='http://www.ifrslist.com/2008/12/14/non-profit-organizations/' rel='bookmark' title='Permanent Link: Non-Profit Organizations'>Non-Profit Organizations</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>PLEASE GIVE ME AN IDEA HOW TO TREAT?</title>
		<link>http://www.ifrslist.com/2008/12/15/please-give-me-an-idea-how-to-treat/</link>
		<comments>http://www.ifrslist.com/2008/12/15/please-give-me-an-idea-how-to-treat/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:19:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[IFRS]]></category>
		<category><![CDATA[CASH]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[EXPENSES]]></category>
		<category><![CDATA[GAAP]]></category>
		<category><![CDATA[IAS]]></category>
		<category><![CDATA[IAS 2]]></category>
		<category><![CDATA[PPE]]></category>
		<category><![CDATA[SHARE]]></category>
		<category><![CDATA[US GAAP]]></category>

		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-please-give-me-an-idea-how-to-treat/</guid>
		<description><![CDATA[Hi all,
A non-profit organisation based in Virginia, USA was donated part of
real estate&#8217;s value.Currently the real estate is being adminstered by
an agent.I would appreciate if any one could hint me what both IFRS
and USGAAP recommends for treating such transaction.
Thank you
Aklilu


Hi,
When you say value, I assume a cash donation was made to buy the
property. Is the property been transferred in the name of this
organization. If it has, this means that risks and rewards of
ownership have been trasferred.
I would assume, IAS 20, Grant accounting rules will need to be followed.
The amount of ...


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<li><a href='http://www.ifrslist.com/2008/12/15/ifrs-1/' rel='bookmark' title='Permanent Link: IFRS-1'>IFRS-1</a></li>
<li><a href='http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-budget/' rel='bookmark' title='Permanent Link: Budget'>Budget</a></li>
</ol>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Fwd: [IFRS List] Basis for Valuation of closing stock.</title>
		<link>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-basis-for-valuation-of-closing-stock/</link>
		<comments>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-basis-for-valuation-of-closing-stock/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:17:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[IFRS]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[CPA]]></category>
		<category><![CDATA[EVALUATION]]></category>
		<category><![CDATA[NRV]]></category>
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		<category><![CDATA[STUDENT]]></category>

		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-basis-for-valuation-of-closing-stock/</guid>
		<description><![CDATA[&#8212;&#8212;&#8212;- Forwarded message &#8212;&#8212;&#8212;-From: Simone Salvi &#60;salvi.simone@gmail.com&#62;Date: Sun, Dec 14, 2008 at 7:46 PMSubject: Fwd: [IFRS List] Basis for Valuation of closing stock.To: elena137.ciao@blogger.com
Forwarded conversationSubject: [IFRS List] Basis for Valuation of closing stock.&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;
From: pankaj sharma &#60;sharma.pj@gmail.com&#62;Date: Fri, Sep 12, 2008 at 5:23 AMTo: ifrs@ifrslist.com
Hi,
Can any body tell me how to go for valuation of closing stock of tools&#38; sapres of various machinery parts?
Thanks
&#8211;PANKAJ SHARMA&#8212;&#8212;&#8212;-From: Hemant Tejraj Bhandari &#60;hbhandari@dafza.gov.ae&#62;Date: Tue, Sep 16, 2008 at 10:12 AMTo: ifrs@ifrslist.com
Appropriate method would be weighted average cost.

Best Regards,
Hemant Tejraj BhandariFinancial AnalystDubai Airport Free ZonePO Box ...


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		</item>
		<item>
		<title>Reversal of a previuos inventory writedown</title>
		<link>http://www.ifrslist.com/2008/12/15/reversal-of-a-previuos-inventory-writedown/</link>
		<comments>http://www.ifrslist.com/2008/12/15/reversal-of-a-previuos-inventory-writedown/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 23:40:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[AUDIT]]></category>
		<category><![CDATA[IAS 2]]></category>
		<category><![CDATA[IAS 8]]></category>
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		<category><![CDATA[WRITE DOWN]]></category>

		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-reversal-of-a-previuos-inventory-writedown/</guid>
		<description><![CDATA[Dear All
Kindly feed me back regarding the reversal of any previuos writedown
that had been made in a previuos period. Is it possible to reverse a
wirte down for inventory made in 2007 to be reversed in 2008
Noting that I couldn&#8217;t reach any speci...


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<li><a href='http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-budget/' rel='bookmark' title='Permanent Link: Budget'>Budget</a></li>
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		</item>
		<item>
		<title>Budget</title>
		<link>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-budget/</link>
		<comments>http://www.ifrslist.com/2008/12/15/fwd-ifrs-list-budget/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 22:28:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[AUDIT]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[OTHER]]></category>
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		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-budget/</guid>
		<description><![CDATA[Dear All
 
Can any body tell me that is budget only for expenses or can be for Asset, liabilities and income also. My openion is it can be for all (Asset, liability, Expense and income). Please help me according to the IAS/IFRS.
&#8211;
Best regard...


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		</item>
		<item>
		<title>Loan Impairment</title>
		<link>http://www.ifrslist.com/2008/12/14/loan-impairment/</link>
		<comments>http://www.ifrslist.com/2008/12/14/loan-impairment/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 18:45:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[IFRS]]></category>
		<category><![CDATA[CASH]]></category>
		<category><![CDATA[CASH FLOW]]></category>
		<category><![CDATA[CIA]]></category>
		<category><![CDATA[EQUITY]]></category>
		<category><![CDATA[FAIR VALUE]]></category>
		<category><![CDATA[GAAP]]></category>
		<category><![CDATA[IAS]]></category>
		<category><![CDATA[IAS 39]]></category>
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		<category><![CDATA[IFRIC]]></category>
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		<category><![CDATA[INVESTMENTS]]></category>
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		<description><![CDATA[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 differences between IFRS and UK GAAP
I wish in Germany they had the same thing!!!!!







 

Asim
 
Below is the list of applicable paragraphs from IAS 39 for measurement of loan impairment:
 




                 Financial assets carried at amortized cost







63
If there is objective evidence ...


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<li><a href='http://www.ifrslist.com/2008/12/14/equity-investments-afs-is-a-non-monetary-items/' rel='bookmark' title='Permanent Link: Equity investments AFS is a non-monetary items?'>Equity investments AFS is a non-monetary items?</a></li>
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		</item>
		<item>
		<title>Capitalization of WIP</title>
		<link>http://www.ifrslist.com/2008/12/14/capitalization-of-wip/</link>
		<comments>http://www.ifrslist.com/2008/12/14/capitalization-of-wip/#comments</comments>
		<pubDate>Sun, 14 Dec 2008 18:44:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[IAS 2]]></category>
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		<category><![CDATA[FIXED ASSET]]></category>
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		<guid isPermaLink="false">http://www.ifrsforsme.com/share/2008/12/fwd-ifrs-list-capitalization-of-wip/</guid>
		<description><![CDATA[Hello,
 



If a company asks a third party to construct a fixed asset and at the end of the year, the fixed asset is not complete, but you have a statement of the costs incurred, would you capitalize the costs incurred under Construction in Progress with counterpart in accruals. Or would you record an entry only when it has been delivered to the company?
 
What IFRS would be applicable?
 
Thanks,
Isabelle



 


IFRS 16 would be applicable &#8220;Plant , Property and Equipemnt&#8221;
 
Recognisation -
Items of property, plant, and equipment should be recognised as assets when it is probable ...


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		</item>
		<item>
		<title>Fair value model for PPE</title>
		<link>http://www.ifrslist.com/2008/08/28/fair-value-model-for-ppe/</link>
		<comments>http://www.ifrslist.com/2008/08/28/fair-value-model-for-ppe/#comments</comments>
		<pubDate>Thu, 28 Aug 2008 15:29:00 +0000</pubDate>
		<dc:creator>ifrslist</dc:creator>
				<category><![CDATA[FAIR VALUE]]></category>
		<category><![CDATA[IFRS]]></category>
		<category><![CDATA[PPE]]></category>

		<guid isPermaLink="false">http://ifrslist.wordpress.com/2008/08/28/re-ifrs-list-fair-value-model-for-ppe/</guid>
		<description><![CDATA[The company should have used the (IAS 16) from the beginning, as this is illiquid investment.
Any way it is possible to apply the cost principle instead of the value, but there should be a reversal of the previouse capital earnnings recognized under ( IAS 40).
In addition a footnote disclosure stating all the effects and details of the principle changes.
Regards
A.A . Rahman




Dear All,
Please guide me on the below
A Company is having land on which construction is going on. The intention of the company is to let it out for the rental ...


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