PROJECT

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IFRS LIST.com 2013-05-03 20:08:51

Hello everyone! Can somebody help me?  Which public companies provide their reports both in accordance with IFRS and GAAP ? Thank you beforehand for help!

Termination provisions

Dear IFRS team, We provide for early retirement or termination charges. Would it be right in making the provision for the whole liability (which could be for 5-10 years) that we know about in the year which we make that commitment, or should this cost just hit the P&L as and when it occurs? Many [...]

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

Audit Informationa Hotel (Hospitality) Project

Dear Collegues,Really appriciate if anybody could share me the Hotel Internal Audit Procedure and plan, stretegy (Hospitality). or any website link, PDF, presentation file.Thanks in advance

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

IFRS-1

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 [...]

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

Interest Capitalization

The Company has taken a loan for construction of projects. A part of amount is kept in FD with the Bank. Interest is capitalized on the amount paid as per payment certificates like draw down. If the project is capitalized and 2 payment certificates received after the capitalization date. Now question is whether interest will [...]

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

Need help to fill in ACCA training experience

Hello, My first time posting. This is probably the wrong place to ask. Does anybody know how to fill in the ACCA TDM (Training Development Matrix) ? I have been struggling with it. I tried to find the user guideline on MYACCA site but could not find any that is useful. There is performance objective [...]

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

Prior year adjustment

Dear all, As I know , as per IFRS there is no prior year adjustment anymore , and back dated entries are not allowed once the year closed and figures reported , Hence the actual variance will be booked in the next year PL , example : if company A , estimated an income in [...]

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

Exceptional Items vs. Extraordinary Items

Any one please clarify me this.... Hari Hi Team, Will any one clarify the difference between Exceptional Items & Extraordinary Items? With reference to IFRS what is the disclosure policy for the both. Thanks & Regards, Hari Hi Hari, to my understanding according to IAS 1 there was for several years the possibility to show [...]

By |December 15th, 2008|IFRS|3 Comments

Where can I find pdf copy of US GAAP and US GAAP APB?

Do anyone know where I can download copy of US GAAP and US GAAP APB? Thanks Dessanti for your answer Our position is less than 1%, we bought in the active market Euro a little position to speculate in market price. The IAS 39 don't include equity investment as applicable financial asset to recognized the [...]

By |December 15th, 2008|LOCAL GAAP vs IFRS|0 Comments

Preliminery expenses

Dear All, The Company was incorporated in Oct 2007.Could you please give your expert opinion on the treatment of preliminary expenses (Revenue generation is not yet started) e.g. rent, salary, traveling etc. incurred during Oct 2007- Aug 2008. Please reply in reference to IFRS. Revenue is expected in Sept 2008. In my view, preliminary expenses [...]

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

Microsoft licence ….

Dear All , can anyone help me with an urgent answer on the below question : - If we purchase software licences for office programs like ( Microsoft , power point etc ). and we renew the same every year do we need to capitalize this cost or expense it ( Please note that i'm [...]

By |December 15th, 2008|IAS 38|0 Comments

Date of comercial production

Dear all, can anyone please guide me if there are any guidelines as to establish date of commercial production in a manufacturing concern in IFRS. thanks and regards deepak Hi Deepak, I assume you are inferring to either intangible assets. There is n...

By |December 14th, 2008|IAS 16, IAS 38, IFRS, TAX|0 Comments

Budget

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. – Best regard...

By |December 14th, 2008|AUDIT, IFRS, OTHER, TAX|0 Comments

Not-for-profit organizations

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 w...

By |December 14th, 2008|AUDIT, DOCUMENTS, FINANCIAL INSTRUMENTS, IFRS, OTHER, TAX|0 Comments

Impairment Goodwill

Por favor podría alguien indicarme en donde puedo encontrar información sobre metodologías para la medición del deterioro del Goodwill. Sería Adecuado usar multiplos como base para su medición. Please could someone tell me where can I find inform...

By |December 14th, 2008|AUDIT, CONSOLIDATION, DOCUMENTS, IAS 36, 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

Capitalization of WIP

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 [...]

By |December 14th, 2008|IAS 2|1 Comment

IFRS lectures

Dear All , I need to attend IFRS classes , Do you know if there is any classes available in Dubai ( Not training sessions ) what i need is  any institute or University or anything else , have IFRS / IAS classes with certificate ( i repeat Not training conferences , by the way [...]

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

Stewarship

Hi ,I m doing a project on objective of financial reporting ,but one of te question is heating on me and i will really appritiate if some of u can give me ur suggestion.   well ,the question is whether the stewarship and financial report should have seperae objectives or not ? Cause some of te articles [...]

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