IFRScommunity.com

Hi all,
Can you please help me with transition from IFRS to Local GAAP. So basically my entity wanted to adopt local GAAP instead of IFRS due some reason. How it can be done? Is there any guidance available. Thanks

Hi All, Please help me. We have some cases where we pay for renting machines/servers related to supporting the building of our intangible assets. We pay up front (since we get a discount by doing so) for a 12 months period. If it is to be viewed as a short term lease, then we dont capitalize it. But...

Thank you all for your replies have a nice day. thx

Thanks for the reply. I have another piece which i dont understand, what if an employee does not satisfy the vesting period and leaves the company in half way, how should i treat this in the books. Let suppose it is equity settled scheme 100 shares were granted at $1 each, vesting period 4 years, 25...

Thanks for the reply. I had a look at the example that is based on 80 share out of 100 are cash based but what if the contract contains both elements without any specific amount of share for cash and equity. Because in our ESOP agreements it has been mentioned that after vesting period it is your ch...

Hi All,
Please help me with IFRS 2 as we have a new type of contracts for ESOP in which we leave the employee with a choice to get there options settled in either equity or cash. How can i book both options under IFRS2. Please help me with double entries. thanks a lot

I have already assessed, it is not a significant influence.

Hi All, Please help me with accounting treatment for investments in other entities, Entity A has invested with ownership of 19% in entity B, 10% in entity C. It is not a significant influence (20-50%) as the ownership is less than 20% and equity method cannot be applied in this case. 1. So how can I...

What would be the outcome in both scenarios

what if Holding will control it and let the subs use it
or
Sub controls and use it

Thanks

thank for reply

transfer of development costs incurred.

thanks

Hi All, Can someone please help me with IAS38. My organization is generating an intangible asset (software), the organization is divided into two parts, service entities and business entities. service entities are responsible for providing services to whole group and currently responsible for develo...