Search found 4 matches

by tnsabela
24 Jun 2020, 13:56
Forum: IFRS-related topics
Topic: IFRS15 Significant Finance component and IA37 Provisions
Replies: 4
Views: 1111

IFRS15 Significant Finance component and IA37 Provisions

Hi All, please assist with this query. Company X entered into a 10 year contract with a client and received a 20% prepayment. Two years later, Company X negotiated a further prepayment from its client however agreed that it would deliver additional goods in lieu of the interest that would have been ...
by tnsabela
24 Jun 2020, 12:48
Forum: IFRS-related topics
Topic: IFRS 3, IAS 8 and IFRS13 Question
Replies: 6
Views: 1385

Re: IFRS 3, IAS 8 and IFRS13 Question

Yes, except it was not done 3 years ago. So surely I can only correct this error with the information I have now?
by tnsabela
03 Jun 2020, 22:15
Forum: IFRS-related topics
Topic: IFRS 3, IAS 8 and IFRS13 Question
Replies: 6
Views: 1385

IFRS 3, IAS 8 and IFRS13 Question

Please assist with this query. Entity X previously held 49% shareholding in a company and in 20x7 purchased the remaining 51% shareholding and thus obtained control. At acquisition IFRS3 was not complied with completely as although assets and liabilities were identified in the transaction no fair va...