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Thank you Marek, great help !

Take care !

Hi Marek,

Thank you again, so I understand that if it's a licence on premise, so it's an intangible asset. Howerver, if its a Saas, it should be treated under IFRS16 as a software lease, is my understanding correct?

Thank you.

Great help really !

So, what's your opinion on the differences? if it was Saas or if it was on-premise?

For me, both should be treated as intangible assets under IAS38 no?

BR

All I could say is that is an orchestration software.

It's very technicall and I didn't have the contract yet

Thank you Marek once again.

Hi, Following the advice of Murek, I would like to share with you an example of accounting for a license from the buyer's point of view. It's a license contracted with Cisco, for 3 years period, with yearly fees of 600K€ with extension options. It will allow the company to manage complex vendor infr...

Might I take the opportunity to ask, from the customer point of view, this licence should be booked under IAS38 as an intangible assets and amortised over the life of the contract is that correct?

This shouldn't be under IFRS16 right?

Thank you for your accounting schemes !

What I meant by current account, is a intercompany current account which is nil in consolidation level.

You are right.

The parent company exchange USD against Euros for one month negotiated with a bank. let's say at the beginning of the month, the parent company would lend USD to the bank and receive Euros in exchange. One month later, the bank restitue USD to the company against euros. The first flow come from subs...

Hi Marek, Thank you for your response. Sorry if I wasn't precise. When the foreign entities transfer USD to the mother company based in Europe, the mother company has a current debt in USD vis à vis to foreign entities. The mother company enters into a swap contract with banks in order to eliminate ...

Hi, I would like to hear opinions from you guys onthe question : which is the best way to account for swap hedge negotiated with a bank in order to hedge the Company's exposure in USD (functional currency and consolidation currency in Euros) Background: In the context of cash pooling, foreign subsid...

Sorry, it was 200K of free shares not 200K€.

Thank you

Hi everyone, A quick question, do you know that if a company gave to its managers some free shares, which will be exercised in two years' time but not yet exercised, so not in the capital add-in. Do you think that those free shares would be included in the calculation of the EPS? I mean that if the ...

I mean, have an article written about IFRIC23.

Yes

Hi,

I would like to know whether it's possible to write an article about IFRIC23 ?
Thank you.

Hi guys,

We have a subsidiary that we would like to sell and the auditors ask us to classified it as IFRS5. By the way, all criteria are met.

Is the application of IFRS5 mandatory ? If the management didn't want to, is that possible to not do it?

THank you.

Hi, If a company complies with all IFRS but fails to define the CGU because (the cost controlling team is not efficient, and nobody available to work on the project). Is there any alternative acceptable from the auditor's view? (impairment test on intangibles for example). By the way, the goodwill i...

Hi, I have a general question : When employees or managers subscribe to the shares of a company (capital increase for example) and they paid the fair value of the shares. But there is no obligation on services rendered by them to the company, we can't identify a service rendered in conterpart of sub...

Welcome !

If this person leave after 3 years, he will be paid at the price of the initial investment which means 1€ for all the shares.

The legal acquisition period is 1 year, which is the explicit condition, however, the call/put conditions (which belongs to the family holders) specified that employees has to keep providing their services to the company for 4 years in order to benefit fully from the appreciation of the value of the...

I do have another question though, I couldn't find the answer in any documentation. The free shares are exercised within one year period after issued, but the vesting period is 4 years (because the performance condition was defined in paper for 4 years). So, from my understanding, as the shares are ...

Oh great !

Thanks again and again.

Hi everyone, I have a question concerning a share-based plan, specifically on the accounting entry schemes at the exercise date. Take a plan with a vesting period of three years for example. The company is a no listed company and the fair value of the plan is 9€ per share and the nominal value is 1 ...

I do have a further question on your example of alternative payments. If we have to measure the liability at fair value each year, does that mean that we have to restate the liability already at the end of the first year? So, the fair value of the phantom share at the end of the first year might not...

Hi Marek, The board of directors has authorized the president to attribute to employees a bonus for which the amount will be the value of ordinary shares at the due date. (Theoretical shares) Those shares are distributed to employees as free shares. And employees have to be present for 4 years. Plea...

Hi Marek, Thank you. In my case, phantom shares are fully paid in cash. Does that mean that I have to reevaluate those phantom shares at fair value at each closing date? As the company is not listed, it might a bit complex to do. Another question is that, if the issuance date of the free shares and ...

Hi, I would like to ask you a question on cash-settled payments (IFRS2). The norm stated that if the employee benefits are settled in cash, the company has to recognize a liability that has to be valued by using the fair value method every year. But, taking an example of phantom shares, if I underst...

Hi everyone, I have a question on identifying an optional service as a distinct OP or not. Take a telecom/software company for example. It offers clients housing services from the company's servers machines. The client, when they subscribe to house their data or web site using the company's servers ...

Hi, I have a question. My Company applies for the first time IFRS, (it applies the local gaap until now). So, I will present for the annual closing 30/06/2020: two balance sheets (with the restated opening on 01/07/2018), two P&L, two cash flow, two OCI, and two change in equity. My question is ...