Search found 3276 matches
- 26 Apr 2024, 18:15
- Forum: IFRS-related topics
- Topic: IFRS 2 fixed bonus pool
- Replies: 2
- Views: 41
Re: IFRS 2 fixed bonus pool
Is the total bonus amount fixed, with the settlement being either in cash or shares? In other words, does this mean a variable number of shares is required to settle the fixed bonus amount? It would be helpful if you could provide a brief numerical example to illustrate this arrangement.
- 26 Apr 2024, 18:09
- Forum: IFRS-related topics
- Topic: Debt pricing re-set
- Replies: 10
- Views: 99
Re: Debt pricing re-set
How do handle each tranche having distinct initial recognition dates while being accounted for as a single financial asset/liability? Does each new tranche lead to a one-off P/L adjustment to the amortised cost of earlier ones?
- 26 Apr 2024, 18:03
- Forum: IFRS-related topics
- Topic: Recognition the right to use the software as an intangible asset or expense
- Replies: 13
- Views: 468
Re: Recognition the right to use the software as an intangible asset or expense
If you provide clients with a software package that they can install on their own IT infrastructure, it can be classified as an intangible asset.
- 25 Apr 2024, 18:07
- Forum: IFRS-related topics
- Topic: Recognition the right to use the software as an intangible asset or expense
- Replies: 13
- Views: 468
Re: Recognition the right to use the software as an intangible asset or expense
There were no changes in IFRS in this respect.
- 25 Apr 2024, 17:41
- Forum: IFRS-related topics
- Topic: Group Restructuring - Common control
- Replies: 1
- Views: 36
Re: Group Restructuring - Common control
It is a common control transaction but not a business combination under common control because no party gains control over a business that it didn't already control. Regarding A's separate financial statements, see https://ifrscommunity.com/knowledge-base/intragroup-transactions-in-separate-financia...
- 25 Apr 2024, 17:36
- Forum: IFRS-related topics
- Topic: Loan from shareholders - Disclosure in the financials
- Replies: 2
- Views: 39
- 25 Apr 2024, 17:34
- Forum: IFRS-related topics
- Topic: Recognition the right to use the software as an intangible asset or expense
- Replies: 13
- Views: 468
Re: Recognition the right to use the software as an intangible asset or expense
Seems like a SaaS solution i.e. an access to the app installed on vendor's infrastructure -> revenue expense rather than an intangible asset: https://ifrscommunity.com/knowledge-bas ... rvice-saas
- 24 Apr 2024, 17:58
- Forum: IFRS-related topics
- Topic: Recognition the right to use the software as an intangible asset or expense
- Replies: 13
- Views: 468
Re: Recognition the right to use the software as an intangible asset or expense
Please provide more details on the terms of the arrangement between the software developer and its clients
- 24 Apr 2024, 17:57
- Forum: IFRS-related topics
- Topic: Debt pricing re-set
- Replies: 10
- Views: 99
Re: Debt pricing re-set
@hubertd - I'd say each drawdown is subject to its own amortised cost calculation, independent of other tranches within the same loan facility.
- 24 Apr 2024, 17:53
- Forum: IFRS-related topics
- Topic: IFRS 16 lease identification
- Replies: 1
- Views: 23
Re: IFRS 16 lease identification
What's your opinion after reading our knowledge base article? https://ifrscommunity.com/knowledge-bas ... g-a-lease/
- 23 Apr 2024, 17:22
- Forum: IFRS-related topics
- Topic: Change of lessor
- Replies: 5
- Views: 54
Re: Change of lessor
What are the reasons for this change?
- 23 Apr 2024, 17:20
- Forum: IFRS-related topics
- Topic: IFRS 12 disclosures
- Replies: 2
- Views: 37
- 23 Apr 2024, 17:17
- Forum: IFRS-related topics
- Topic: IFRS 15 change of period of recognition of up-front fee
- Replies: 3
- Views: 59
Re: IFRS 15 change of period of recognition of up-front fee
Are these fees treated as separate performance obligations? If they aren't, how do you recognise revenue for the performance obligations that include these fees?
https://ifrscommunity.com/knowledge-bas ... obligation
https://ifrscommunity.com/knowledge-bas ... obligation
- 23 Apr 2024, 17:09
- Forum: IFRS-related topics
- Topic: Debt pricing re-set
- Replies: 10
- Views: 99
Re: Debt pricing re-set
As I see it, this doesn't constitute a modification since the repricing occurs under the original terms. Technically, you will need to recalculate the amortised cost using the revised cash flows and the original EIR. However, as the interest rates remain unchanged at the consolidation date, there wi...
- 23 Apr 2024, 17:02
- Forum: IFRS-related topics
- Topic: Extension of lease agreement
- Replies: 6
- Views: 49
Re: Extension of lease agreement
There won't be any P/L impact, just a new RoU asset and lease liability:
https://ifrscommunity.com/knowledge-bas ... rate-lease
https://ifrscommunity.com/knowledge-bas ... rate-lease
- 23 Apr 2024, 16:59
- Forum: IFRS-related topics
- Topic: Reimbursement of leasehold improvements
- Replies: 3
- Views: 53
Re: Reimbursement of leasehold improvements
My question is that should we even be recognizing the asset in the books of the lessee in the first place as for the lack of lessee's control over the leasehold improvement to later reduce it by the reimbursement amount? It's quite common to recognise leasehold improvements as assets by lessees. Fo...
- 22 Apr 2024, 16:16
- Forum: IFRS-related topics
- Topic: Recognition the right to use the software as an intangible asset or expense
- Replies: 13
- Views: 468
Re: Recognition the right to use the software as an intangible asset or expense
Licences for on-premise use can be recognised as intangible assets by your clients. Conversely, if it's just an access to software on your servers, then it's a revenue expense. See: https://ifrscommunity.com/knowledge-base/recognition-and-cost-of-intangible-assets/#software-as-a-service-saas The dev...
- 22 Apr 2024, 16:09
- Forum: IFRS-related topics
- Topic: Accounting for option premium
- Replies: 13
- Views: 731
- 18 Apr 2024, 18:00
- Forum: IFRS-related topics
- Topic: Accounting for reverse acquisitions in separate financial statements
- Replies: 2
- Views: 595
Re: Accounting for reverse acquisitions in separate financial statements
It's a business combination under common control, so you have lots of flexibility in how you account for this transaction: https://ifrscommunity.com/knowledge-bas ... on-control
- 18 Apr 2024, 17:57
- Forum: IFRS-related topics
- Topic: IFRS 2, good/bad leavers, settlement alternatives, and IPO/exit
- Replies: 4
- Views: 724
Re: IFRS 2, good/bad leavers, settlement alternatives, and IPO/exit
PS. You should be able to find some answers in KPMG's IFRS 2 handbook: https://assets.kpmg.com/content/dam/kpm ... yments.pdf
- 16 Apr 2024, 17:39
- Forum: IFRS-related topics
- Topic: Waiver of interest on loan to associate
- Replies: 6
- Views: 829
Re: Waiver of interest on loan to associate
That's why I asked for the business rationale for this decision. It'll help to clarify whether it's an implied impairment loss or a capital contribution.
- 16 Apr 2024, 16:27
- Forum: IFRS-related topics
- Topic: Waiver of interest on loan to associate
- Replies: 6
- Views: 829
Re: Waiver of interest on loan to associate
This might also be considered an equity contribution to the associate, in which case the debit entry would be treated as an increase in the investment accounted for under the equity method. What are the economic reasons for waiving the previously agreed interest? Also, if this associate is loss-maki...
- 16 Apr 2024, 16:19
- Forum: IFRS-related topics
- Topic: IFRS 2, good/bad leavers, settlement alternatives, and IPO/exit
- Replies: 4
- Views: 724
Re: IFRS 2, good/bad leavers, settlement alternatives, and IPO/exit
This scenario might be too complex to address in a forum post, I'm afraid...
- 12 Apr 2024, 14:39
- Forum: IFRS-related topics
- Topic: Perpetual bonds
- Replies: 5
- Views: 654
- 12 Apr 2024, 14:33
- Forum: IFRS-related topics
- Topic: Recognition the right to use the software as an intangible asset or expense
- Replies: 13
- Views: 468
Re: Intangible assets (IAS 38)
How do customers access the software? Is it through on-premises installation or via a web browser (SaaS)?
PS. Instead of using generic titles like 'Intangible assets (IAS 38)', please propose a specific title related to your question and I'll update it.
PS. Instead of using generic titles like 'Intangible assets (IAS 38)', please propose a specific title related to your question and I'll update it.
- 11 Apr 2024, 17:25
- Forum: IFRS-related topics
- Topic: Perpetual bonds
- Replies: 5
- Views: 654
Re: Perpetual bonds
Can you provide the exact quote specifying that the interest is mandatory?
- 11 Apr 2024, 14:02
- Forum: IFRS-related topics
- Topic: Perpetual bonds
- Replies: 5
- Views: 654
Perpetual bonds
Check out this analysis based on an actual case study:
https://www.footnotesanalyst.com/analys ... tructures/
https://www.footnotesanalyst.com/analys ... tructures/
- 09 Apr 2024, 13:16
- Forum: IFRS-related topics
- Topic: Royalties & sales commissions
- Replies: 12
- Views: 1066
- 09 Apr 2024, 10:49
- Forum: IFRS-related topics
- Topic: Prior year adjustments
- Replies: 8
- Views: 807
Re: Prior year adjustments
yeah three interns supervised by an 'experienced' associate
- 09 Apr 2024, 10:48
- Forum: IFRS-related topics
- Topic: Royalties & sales commissions
- Replies: 12
- Views: 1066
Re: Royalties & sales commissions
Yeah, my post wasn't clear Say the ship's owner pays $100 of which the subsidiary receives $90.
Accounting by parent:
Revenue $100
COS $90
Accounting by subsidiary:
Revenue $90
COS [actual costs incurred]
Accounting by parent:
Revenue $100
COS $90
Accounting by subsidiary:
Revenue $90
COS [actual costs incurred]