Search found 3296 matches
- 10 May 2024, 21:06
- Forum: IFRS-related topics
- Topic: POCI Credit Adjusted EIR
- Replies: 2
- Views: 43
Re: POCI Credit Adjusted EIR
Worked example available in https://ifrscommunity.com/knowledge-bas ... justed-eir
- 10 May 2024, 21:04
- Forum: IFRS-related topics
- Topic: FVTPL bonds interest shares dividend
- Replies: 9
- Views: 96
Re: FVTPL bonds interest shares dividend
@karleon37 - Can you explain a bit more why is it that you're not able to track dividends declared while being able to measure FV of the underlying investments? Re. Interest income on debt at FV. IFRS 7.B5(e) introduces an interesting nuance I didn't appreciate before. So it's acceptable to present ...
- 10 May 2024, 20:36
- Forum: IFRS-related topics
- Topic: Financial guarantee
- Replies: 2
- Views: 38
Re: Financial guarantee
I also would recognise this as a loan receivable from the shareholder with any off-market terms recognised as described in https://ifrscommunity.com/knowledge-bas ... ate-loans/
- 09 May 2024, 15:44
- Forum: IFRS-related topics
- Topic: How to recognize Revenue for e-commerce.
- Replies: 5
- Views: 80
Re: How to recognize Revenue for e-commerce.
If ABC operates as a marketplace and also handles delivery similar to Amazon's FBA model, they might only recognise gross revenue for the delivery service plus the commission on the sale price. Could you provide more details about ABC's business model, Nazmus?
- 06 May 2024, 16:22
- Forum: IFRS-related topics
- Topic: IFRS 16 Lease (Sublease)
- Replies: 5
- Views: 94
Re: IFRS 16 Lease (Sublease)
But if it's a finance lease, the RoU has been derecognised. So I'd recognise all reassessments of the lease liability on the head lease through P/L, even those that normally would be recognised as an addition to RoU asset. What are your thoughts on this, Ketan?
- 06 May 2024, 16:00
- Forum: IFRS-related topics
- Topic: Termination Benefits IAS 19 or IAS 37
- Replies: 3
- Views: 421
Re: Termination Benefits IAS 19 or IAS 37
I agree with Ketan's views. It's also worth mentioning that IAS 37 doesn't apply to items that are covered by other IFRSs (IAS 37.1(c)).
- 06 May 2024, 15:40
- Forum: IFRS-related topics
- Topic: IFRS 2 fixed bonus pool
- Replies: 13
- Views: 288
- 02 May 2024, 17:22
- Forum: IFRS-related topics
- Topic: variable debt repricing
- Replies: 1
- Views: 39
Re: variable debt repricing
1. immediately prior to the modification
2. yes, you should be looking at amortised cost of the loan
2. yes, you should be looking at amortised cost of the loan
- 02 May 2024, 17:18
- Forum: IFRS-related topics
- Topic: IFRS 2 fixed bonus pool
- Replies: 13
- Views: 288
Re: IFRS 2 fixed bonus pool
Thanks! They certainly hold a different opinion.
- 01 May 2024, 13:52
- Forum: IFRS-related topics
- Topic: IFRS 2 fixed bonus pool
- Replies: 13
- Views: 288
Re: IFRS 2 fixed bonus pool
@IFRS1054 - Please share the most relevant excerpt
- 01 May 2024, 13:50
- Forum: IFRS-related topics
- Topic: Ias 36 question - impairment
- Replies: 4
- Views: 80
Re: Ias 36 question - impairment
It is difficult to get a man to understand something, when his workload will be much lower if he doesn't understand it
* Inspired by https://quoteinvestigator.com/2017/11/30/salary/
* Inspired by https://quoteinvestigator.com/2017/11/30/salary/
- 01 May 2024, 13:45
- Forum: IFRS-related topics
- Topic: Group Restructuring - Common control
- Replies: 6
- Views: 116
Re: Group Restructuring - Common control
If Subsidiary A doesn’t have enough accumulated profits, this should be recognised as a decrease in the investment in A.
- 01 May 2024, 13:43
- Forum: IFRS-related topics
- Topic: Pre-Operational Expenses treatment
- Replies: 7
- Views: 93
Re: Pre-Operational Expenses treatment
(And sorry for long question) That question was the perfect length! :lol: Directly attributable costs must be allocated as a matter of fact. If the involvement of C-level executives remains consistent over the years, and the company decides to include this as part of the PP&E's cost (BTW, excel...
- 01 May 2024, 13:33
- Forum: IFRS-related topics
- Topic: Debt pricing re-set
- Replies: 16
- Views: 243
Re: Debt pricing re-set
The tenor mismatch is likely to cause the loan to fail the SPPI test (IFRS 9.B4.1.9A-E).
- 01 May 2024, 13:28
- Forum: IFRS-related topics
- Topic: Exit Fee - SPPI test
- Replies: 4
- Views: 55
Re: Exit Fee - SPPI test
I'd say it is essentially a commission, but it's settled at the end rather than upfront. This does not cause the loan to fail the SPPI test IMO.
- 01 May 2024, 13:25
- Forum: General accounting and financial reporting discussion
- Topic: Overall vs planning materiality
- Replies: 2
- Views: 83
Re: Overall vs planning materiality
I see, thank you!
- 30 Apr 2024, 15:42
- Forum: General accounting and financial reporting discussion
- Topic: Overall vs planning materiality
- Replies: 2
- Views: 83
Overall vs planning materiality
What’s the difference between overall and planning materiality?
https://www.bp.com/content/dam/bp/busin ... f#page=168
https://www.bp.com/content/dam/bp/busin ... f#page=168
- 29 Apr 2024, 17:15
- Forum: IFRS-related topics
- Topic: IFRS 2 fixed bonus pool
- Replies: 13
- Views: 288
Re: IFRS 2 fixed bonus pool
Only the monetary amount is guaranteed, not the number of shares. So, the shares are merely a method of settlement, not the actual consideration for the services performed.
- 29 Apr 2024, 17:09
- Forum: IFRS-related topics
- Topic: Debt pricing re-set
- Replies: 16
- Views: 243
Re: Debt pricing re-set
This change of a benchmark rate will result in a one-off P/L gain or loss as in https://ifrscommunity.com/knowledge-bas ... tual-terms
- 29 Apr 2024, 17:04
- Forum: IFRS-related topics
- Topic: IFRS 2 fixed bonus pool
- Replies: 13
- Views: 288
Re: IFRS 2 fixed bonus pool
Thanks for illustrating this. From what I can see, this is purely within the scope of IAS 19 and not IFRS 2, given that the bonus is not dependent on share value.
- 26 Apr 2024, 18:15
- Forum: IFRS-related topics
- Topic: IFRS 2 fixed bonus pool
- Replies: 13
- Views: 288
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: 16
- Views: 243
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: 567
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: 567
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: 6
- Views: 116
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: 87
- 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: 567
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: 567
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: 16
- Views: 243
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: 69
Re: IFRS 16 lease identification
What's your opinion after reading our knowledge base article? https://ifrscommunity.com/knowledge-bas ... g-a-lease/