Claim OwnershipPPE (IAS 16 and related) Archives - CPDbox - Making IFRS Easy
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Helping people to learn IFRS
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IFRS do not specify any rules for presenting the financial statements when the going concern basis does not apply. So, what to do? How to present the financial statements? What should we take care of? Find out here!
The post How to prepare financial statements when going concern does NOT apply? appeared first on CPDbox - Making IFRS Easy.
If you acquired land with some old building and you plan to demolish that building, how should you treat the demolition cost and the carrying amount of old building? Can you capitalize it to the new asset? Or expense it? It depends...
The post Can you capitalize demolition cost under IFRS? appeared first on CPDbox - Making IFRS Easy.
How to handle the situation when the parent requires subsidiary to apply different depreciation rates or useful lives than in the local legislation.
The post How to deal with different useful lives of PPE within the group? appeared first on CPDbox - Making IFRS Easy.
What happens when you buy lots of assets below your capex threshold, but still high expense? And, should you revise your capex threshold retrospectively? Learn here!
The post 030: How to deal with capex threshold for property, plant and equipment? appeared first on CPDbox - Making IFRS Easy.
What to do with revaluation surplus when transferring your PPE to investment property? How to account for it at the date of transfer and subsequently? Learn here!
The post 026: Accounting for transfer of owner-occupied property under revaluation model to investment property appeared first on CPDbox - Making IFRS Easy.
How to classify any property (not just a hotel) if you use it for more purposes? And, what to do if you provide some additional services on top of rental? Find out here!
The post 025: Is a hotel an investment property under IAS 40? appeared first on CPDbox - Making IFRS Easy.
Can you capitalize exchange differences on foreign currency loans as borrowing costs? If yes, then how? Please find out here!
The post 024: How to capitalize exchange differences on loan as borrowing costs? appeared first on CPDbox - Making IFRS Easy.
How should you match the government grant with expenses for which it compensates? Sometimes, it's not very straightforward and we need to apply our judgement and experience. Learn how to account for the grant revenue here!
The post 023: How to match a government grant with costs for which the grant compensates? appeared first on CPDbox - Making IFRS Easy.
How to account for assets which you gave for free to your clients for promotion purposes? Branded refridgerators, stands, displays, lights, signs - can you capitalize them? Find out here!
The post 022: Can you capitalize assets placed in customer’s premises? appeared first on CPDbox - Making IFRS Easy.
Can you capitalize rental expenses of land under IFRS? And what about the rental of the temporary offices? Find out here!
The post 019: Can you capitalize rental expenses of land? appeared first on CPDbox - Making IFRS Easy.
How to account for exchanges of inventories or long-term assets under IFRS? Or other barter transactions? Learn here!
The post 012: How to account for barter transactions? appeared first on CPDbox - Making IFRS Easy.
How to deal with anticipated major repairs, maintenance, overhauling, regular replacement of small parts and similar items under IFRS? Find out here!
The post 011: Should we create a provision for major overhauling? appeared first on CPDbox - Making IFRS Easy.
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