Search found 5 matches

by asalaag
28 Jun 2022, 12:25
Forum: IFRS-related topics
Topic: Accounting By Sublessee
Replies: 3
Views: 1641

Re: Accounting By Sublessee

Leo wrote: 27 Jun 2022, 17:55 Like under IFRS 16 as a lessee
Thank you for your response, is that mentioned somewhere in IFRS 16? I couldn't find it.
by asalaag
27 Jun 2022, 16:59
Forum: IFRS-related topics
Topic: Accounting By Sublessee
Replies: 3
Views: 1641

Accounting By Sublessee

Hi everyone,

I hope all is well.


We have a land lease where we are the sublessee and the one giving us the land is the sublessor (not the original landlord). How do we account for it under IFRS 16?

Thank you in advance.
by asalaag
01 Jun 2022, 22:35
Forum: IFRS-related topics
Topic: Shares in Affiliated Companies in Foreign Currency
Replies: 6
Views: 2215

Re: Shares in Affiliated Companies in Foreign Currency

Leo wrote: 01 Jun 2022, 18:04 Hi,

It's no monetary, so, only at historical costs :

https://www.cpdbox.com/monetary-non-monetary/
Thank you for your reply, do you know if it should be measured at fair value or cost? because I'm not sure about this part also.
by asalaag
01 Jun 2022, 22:34
Forum: IFRS-related topics
Topic: Shares in Affiliated Companies in Foreign Currency
Replies: 6
Views: 2215

Re: Shares in Affiliated Companies in Foreign Currency

is the functional currency of C and D relevant? are you saying the purchase of shares in C and D, by B, was denominated in a currency other than B's reporting currency? Hey! Thank you for your reply. Yes, the purchase was in was denominated in a currency other than B's reporting currency. Also, to ...
by asalaag
01 Jun 2022, 17:47
Forum: IFRS-related topics
Topic: Shares in Affiliated Companies in Foreign Currency
Replies: 6
Views: 2215

Shares in Affiliated Companies in Foreign Currency

Hello, I hope you're doing great. I have a question regarding accounting under IFRS, and I don't have that much of experience with it. The case is like this: Company Y is a parent and all of its subsidiaries are fully consolidated. One of its subsidiaries (Entity B) holds 100% of shares of two of th...