Ifrs Q&a By Silvia Of Ifrsbox

Can you capitalize rental expenses of land under IFRS? And what about the rental of the temporary offices? Find out here! The post 019: Can you capitalize rental expenses of land? appeared first on IFRSbox - Making IFRS Easy.

How to account for the loan origination fees or the loan servicing fees? In profit or loss? Amortize? Find out here! The post 018: How to account for income from loan application fees? appeared first on IFRSbox - Making IFRS Easy.

How to account for veterinary costs, animal food, fertilizers, pesticides and other operating expenses in agriculture under IAS 41? Learn here! The post 017: Subsequent expenditures in agriculture appeared first on IFRSbox - Making IFRS Easy.

How to determine the impairment on intercompany loans under IFRS 9? What are the special considerations in relation to groups and internal loans? Learn here! The post 016: How to calculate impairment on intercompany loans? appeared first on IFRSbox - Making IFRS Easy.

IFRS do not specify any rules for presenting the financial statements when the going concern basis does not apply. So, what to do? How to present the financial statements? What should we take care of? Find out here! The post 015: How to prepare financial statements when going concern does not apply? appeared first on IFRSbox - Making IFRS Easy.

So, you have a long-term loan, you breached the covenants and it became repayable on demand. Is it current or non-current? Learn here! The post 014: How to present a loan with breached covenants? appeared first on IFRSbox - Making IFRS Easy.

How to account for exchanges of inventories or long-term assets under IFRS? Or other barter transactions? Learn here! The post 012: How to account for barter transactions? appeared first on IFRSbox - Making IFRS Easy.

How to deal with anticipated major repairs, maintenance, overhauling, regular replacement of small parts and similar items under IFRS? Find out here! The post 011: Should we create a provision for major overhauling? appeared first on IFRSbox - Making IFRS Easy.

How to assess hedge effectiveness prospectively under IFRS 9? Do we need to calculate the hedge effectiveness retrospectively? The post 010: How to test hedge effectiveness under IFRS 9? appeared first on IFRSbox - Making IFRS Easy.

If you purchase a customer list from someone else, can you actually capitalize it (recognize it as an asset)? Isn't is just the same as the advertising expense? When can you capitalize a customer list under IFRS? Learn here! The post 009: Can we capitalize a customer list under IFRS? appeared first on IFRSbox - Making IFRS Easy.

What is the lease term under IFRS 16? How to account for definite or indefinite lease term with 2-months notice period? Learn here. The post 008: What is the lease term of cancellable property rental contracts under IFRS 16? appeared first on IFRSbox - Making IFRS Easy.

Advances from your clients received in cash... but you can't use that cash. That's just one example of restricted cash. How should you present it under IFRS? The post 007: How to present restricted cash under IFRS? appeared first on IFRSbox - Making IFRS Easy.

When you purchase a commodity with future delivery for fixed price, should you account for it as for derivative under IFRS 9? Or as a purchase of inventories ("own-use" contract)? Find out here with example included. The post 006: How to account for contracts to buy commodities with future delivery (own use)? appeared first on IFRSbox - Making IFRS Easy.

Variable interest with cap/floor, full recourse, inflation-linked interest, collaterals - can you still classify these loans as at amortized cost? The post 004: Can we classify loans with variable interest at amortized cost? appeared first on IFRSbox - Making IFRS Easy.

If you acquired land with some old building and you plan to demolish that building, how should you treat the demolition cost and the carrying amount of old building? Can you capitalize it to the new asset? Or expense it? It depends... The post 003: Can you capitalize demolition cost under IFRS? appeared first on IFRSbox - Making IFRS Easy.

How to handle the situation when the parent requires subsidiary to apply different depreciation rates or useful lives than in the local legislation. The post 002: How to deal with different useful lives of PPE within the group? appeared first on IFRSbox - Making IFRS Easy.