Search found 6 matches

by ahbun
05 Jul 2022, 06:10
Forum: IFRS-related topics
Topic: Promo code used in e-commerce
Replies: 3
Views: 1669

Re: Promo code used in e-commerce

Thanks all for your view.
by ahbun
01 Jul 2022, 12:14
Forum: IFRS-related topics
Topic: Promo code used in e-commerce
Replies: 3
Views: 1669

Promo code used in e-commerce

Hi, If Company A is carrying out a one month marketing campaign by offering $10 promo code to customer who purchased any product online. This promo code can be applied upon check out page when customer make payment. Does this consider a reduction to the revenue or can this be seen as marketing expen...
by ahbun
07 Jul 2021, 08:16
Forum: IFRS-related topics
Topic: Capitalization of internally generated assets
Replies: 7
Views: 5398

Re: Capitalization of internally generated assets

Thanks Marek and Marea for sharing your thoughts. Appreciate it.
by ahbun
29 Jun 2021, 10:53
Forum: IFRS-related topics
Topic: Capitalization of internally generated assets
Replies: 7
Views: 5398

Re: Capitalization of internally generated assets

there isn't really a cost saving element is there? either external person does it or your own people use up their time. In a way the time cost incurred by the internal people is cheaper than engaging an external person. But I think the challenge will be to showcase the economic benefit of this data...
by ahbun
29 Jun 2021, 10:46
Forum: IFRS-related topics
Topic: Capitalization of internally generated assets
Replies: 7
Views: 5398

Re: Capitalization of internally generated assets

Hi Marek, thanks for your view. I have another question also related to the capitalization of intangible assets. If Company A signed a 1 year data licence agreement with a service provider. In the agreement, the service provider specified the Terms and Conditions of how the data can be used and gran...
by ahbun
28 Jun 2021, 11:17
Forum: IFRS-related topics
Topic: Capitalization of internally generated assets
Replies: 7
Views: 5398

Capitalization of internally generated assets

Background: If Company A has purchased a new company (Company B) and there is a plan to migrate the financial data to Company A accounting system. The migration of financial data will be performed by an internal IT team of Company A. In this case, can we capitalize the time spent incurred by the int...