Depends on the wording in the loan agreement as to the contractual period over which interest accrues. But if it's contractually due, then the bad debt is the entire amount including accrued interest.
Are you writing off, or raising a 100% credit loss provision?
Search found 1333 matches
- 21 Mar 2024, 16:55
- Forum: IFRS-related topics
- Topic: Accrued Interest - Loan Write Off
- Replies: 3
- Views: 428
- 21 Mar 2024, 11:53
- Forum: IFRS-related topics
- Topic: IFRS16 lease -Finance cost grouping
- Replies: 5
- Views: 529
Re: IFRS16 lease -Finance cost grouping
If you isolate R&D costs as a separate P&L line perhaps you're better to put the RoU asset depreciation there?
- 21 Mar 2024, 11:13
- Forum: IFRS-related topics
- Topic: Reversal of liability
- Replies: 4
- Views: 463
Re: Reversal of liability
write back through P&L, effectively as a change in measurement of contingent consideration
- 21 Mar 2024, 10:22
- Forum: IFRS-related topics
- Topic: IAS 7 - cashflow
- Replies: 5
- Views: 502
Re: IAS 7 - cashflow
statement of changes in equity.
are you referring to the share based payment charge within P&L? (ie the debit rather than the credit)? if so, add it back as a non-cash movement.
are you referring to the share based payment charge within P&L? (ie the debit rather than the credit)? if so, add it back as a non-cash movement.
- 20 Mar 2024, 14:38
- Forum: IFRS-related topics
- Topic: ECL for short term lending
- Replies: 10
- Views: 835
Re: ECL for short term lending
presumably you'd already know with certainty if it had defaulted by the time you prepare the financial reports..?
- 20 Mar 2024, 14:36
- Forum: General accounting and financial reporting discussion
- Topic: Companies acts consolidation exemption and IFRS 10 exemptions
- Replies: 15
- Views: 658
Re: Companies acts consolidation exemption and IFRS 10 exemptions
as far as I'm aware CA06 only talks about exemption from consolidation in terms of group size, ie you are exempt if you are a small group, as defined. I'd be surprised if there is much of a cross section between 'small' groups and those who apply IFRS and are investment companies. I guess if there's...
- 19 Mar 2024, 19:00
- Forum: IFRS-related topics
- Topic: Definition of Gross Margin under IFRS
- Replies: 6
- Views: 515
Re: Definition of Gross Margin under IFRS
I'm mean there is no definition so you can do what you want as long as it's consistent and not misleading.
- 19 Mar 2024, 18:23
- Forum: IFRS-related topics
- Topic: Definition of Gross Margin under IFRS
- Replies: 6
- Views: 515
- 19 Mar 2024, 11:05
- Forum: IFRS-related topics
- Topic: Reversal of liability
- Replies: 4
- Views: 463
Re: Reversal of liability
It's 3 years later so if A had considered the $1m was payable, it is assessed that the fair value of that contingent consideration was $1m at the time, then reverse through P&L.
Or was it an error to record the $1m as a liability in the first place based on information at the time?
Or was it an error to record the $1m as a liability in the first place based on information at the time?
- 15 Mar 2024, 17:13
- Forum: General accounting and financial reporting discussion
- Topic: Companies acts consolidation exemption and IFRS 10 exemptions
- Replies: 15
- Views: 658
Re: Companies acts consolidation exemption and IFRS 10 exemptions
Sorry I don't follow the issue exactly.
- 13 Mar 2024, 19:32
- Forum: General accounting and financial reporting discussion
- Topic: Companies acts consolidation exemption and IFRS 10 exemptions
- Replies: 15
- Views: 658
Re: Companies acts consolidation exemption and IFRS 10 exemptions
Where does CA06 say individual accounts have to show subsidiaries at fair value?
- 13 Mar 2024, 17:16
- Forum: IFRS-related topics
- Topic: IAS 38 - Intangible Assets
- Replies: 3
- Views: 347
Re: IAS 38 - Intangible Assets
Intangible assets acquired with variable consideration is an open matter so you can determine a policy. But is it an intangible asset?
- 13 Mar 2024, 14:45
- Forum: IFRS-related topics
- Topic: IFRS 16 - Lease expenses
- Replies: 2
- Views: 346
Re: IFRS 16 - Lease expenses
Seems like the per page fee is a variable lease payment hence not in the lease liability (P&L when incurred)
- 13 Mar 2024, 12:15
- Forum: IFRS-related topics
- Topic: IFRS 16 Lease Term - lessor notice period
- Replies: 1
- Views: 279
- 11 Mar 2024, 17:29
- Forum: IFRS-related topics
- Topic: properties bought for resale under IAS 2
- Replies: 3
- Views: 103
- 11 Mar 2024, 15:19
- Forum: IFRS-related topics
- Topic: properties bought for resale under IAS 2
- Replies: 3
- Views: 103
- 11 Mar 2024, 00:46
- Forum: IFRS-related topics
- Topic: IAS 40 Cost model with annual impairment
- Replies: 3
- Views: 457
Re: IAS 40 Cost model with annual impairment
if you hold at cost you need to disclose the fair value anyway, so it'll be clear if that is lower than carrying value.
also, the scope of IAS 36 includes investment property held at cost as only FV model Investment property is scoped out
also, the scope of IAS 36 includes investment property held at cost as only FV model Investment property is scoped out
- 09 Mar 2024, 19:06
- Forum: IFRS-related topics
- Topic: Time deposits
- Replies: 5
- Views: 484
Re: Time deposits
A receivable is a financial asset.
- 06 Mar 2024, 15:24
- Forum: IFRS-related topics
- Topic: IFRS 16 Variable EIR
- Replies: 3
- Views: 417
Re: IFRS 16 Variable EIR
I don't see how an implicit interest rate can be variable in that sense, since it is implicit through replicating the present value of lease payments compared to what you would pay to acquire the asset outright. are the lease payments themselves variable?
- 05 Mar 2024, 10:46
- Forum: IFRS-related topics
- Topic: Unused tax loss treatment
- Replies: 1
- Views: 335
Re: Unused tax loss treatment
In a basic case, you just have zero tax liability if you're allowed to use those previous losses to offset. And then given you have a profit, maybe you have a deferred tax asset if profits are probable forward, to the extent unused losses remain. But sounds like your question is a tax one rather tha...
- 02 Mar 2024, 12:38
- Forum: General accounting and financial reporting discussion
- Topic: Depreciation of Diagnostic Laboratory Equipment
- Replies: 8
- Views: 682
Re: Depreciation of Diagnostic Laboratory Equipment
I worked with a company with diagnostic lab equipment and they used 4-5 years but may not be useful for the reason above.
- 01 Mar 2024, 15:42
- Forum: General accounting and financial reporting discussion
- Topic: Depreciation of Diagnostic Laboratory Equipment
- Replies: 8
- Views: 682
Re: Depreciation of Diagnostic Laboratory Equipment
if you're the auditor then it's for the client to make that judgement isn't it. We can't really comment as it depends on that specific equipment and the business etc
- 01 Mar 2024, 11:56
- Forum: General accounting and financial reporting discussion
- Topic: Depreciation of Diagnostic Laboratory Equipment
- Replies: 8
- Views: 682
Re: Depreciation of Diagnostic Laboratory Equipment
you can easily find some examples/benchmarks in pharma companies
do your own staff not know how long the machines will be used for?
do your own staff not know how long the machines will be used for?
- 28 Feb 2024, 17:48
- Forum: IFRS-related topics
- Topic: Right of Use Asset at the Date of Transition to IFRS
- Replies: 2
- Views: 328
Re: Right of Use Asset at the Date of Transition to IFRs
IFRS 16 has two options for transition.
- 28 Feb 2024, 11:04
- Forum: IFRS-related topics
- Topic: IAS 16 - PPE transfer to Inventory
- Replies: 7
- Views: 617
Re: IAS 16 - PPE transfer to Inventory
cost being NBV at transfer date
- 28 Feb 2024, 11:04
- Forum: IFRS-related topics
- Topic: IAS 16 - PPE transfer to Inventory
- Replies: 7
- Views: 617
Re: IAS 16 - PPE transfer to Inventory
lower of cost and net realisable amount.
- 27 Feb 2024, 18:23
- Forum: IFRS-related topics
- Topic: Direct equity investment - transaction price & fair value
- Replies: 10
- Views: 819
Re: Direct equity investment - transaction price & fair value
I don't think an auditor will go for that for an AIM quoted equity
- 27 Feb 2024, 18:22
- Forum: IFRS-related topics
- Topic: Direct equity investment - transaction price & fair value
- Replies: 10
- Views: 819
Re: Direct equity investment - transaction price & fair value
you could use another valuation technique like cost, NAV or discounted cash flow or most recent fundraise or something
- 27 Feb 2024, 11:28
- Forum: IFRS-related topics
- Topic: Definition of ' Related Party'
- Replies: 7
- Views: 637
Re: Definition of ' Related Party'
Parent and child are not close family?
- 26 Feb 2024, 19:23
- Forum: IFRS-related topics
- Topic: Direct equity investment - transaction price & fair value
- Replies: 10
- Views: 819
Re: Direct equity investment - transaction price & fair value
Yes I'd think generally AIM would be L1 but I can see counterarguments depending on which company. Some people might hold at using other approaches.