Accounting Community Forum - IFRS & US GAAP - Recent questions and answers in General IFRS Discussion https://www.accountantanswer.com/qa/ifrs-categories/general-discussion Powered by Question2Answer Answered: Liability for unearned rentals https://www.accountantanswer.com/2414/liability-for-unearned-rentals?show=4307#a4307 General IFRS Discussion https://www.accountantanswer.com/2414/liability-for-unearned-rentals?show=4307#a4307 Fri, 20 Jan 2023 13:34:35 +0000 Answered: How to convert inventory to investment property https://www.accountantanswer.com/3133/how-to-convert-inventory-to-investment-property?show=4306#a4306 General IFRS Discussion https://www.accountantanswer.com/3133/how-to-convert-inventory-to-investment-property?show=4306#a4306 Thu, 19 Jan 2023 19:01:02 +0000 Answered: How to expense “stamp tax” of 3 years’ contract-which is % of total 3 years' budget as per IFRS? In 3 years or directly? https://www.accountantanswer.com/2682/expense-stamp-years-contract-which-total-budget-years-directly?show=4300#a4300 General IFRS Discussion https://www.accountantanswer.com/2682/expense-stamp-years-contract-which-total-budget-years-directly?show=4300#a4300 Thu, 19 Jan 2023 18:25:22 +0000 Answered: What does a Trust company need to do to adopt IFRS for SMEs? https://www.accountantanswer.com/2574/what-does-a-trust-company-need-to-do-to-adopt-ifrs-for-smes?show=4299#a4299 General IFRS Discussion https://www.accountantanswer.com/2574/what-does-a-trust-company-need-to-do-to-adopt-ifrs-for-smes?show=4299#a4299 Thu, 19 Jan 2023 18:24:23 +0000 Answered: IRFS 9 Financial instrument https://www.accountantanswer.com/2537/irfs-9-financial-instrument?show=4298#a4298 General IFRS Discussion https://www.accountantanswer.com/2537/irfs-9-financial-instrument?show=4298#a4298 Thu, 19 Jan 2023 18:22:40 +0000 Answered: IFRS 15 Revenue https://www.accountantanswer.com/2412/ifrs-15-revenue?show=2708#a2708 General IFRS Discussion https://www.accountantanswer.com/2412/ifrs-15-revenue?show=2708#a2708 Thu, 19 Jan 2023 14:29:25 +0000 What is the accounting treatment in case of fully repayment of grant after utilizing amount for some period? https://www.accountantanswer.com/3779/accounting-treatment-fully-repayment-utilizing-amount-period General IFRS Discussion https://www.accountantanswer.com/3779/accounting-treatment-fully-repayment-utilizing-amount-period Thu, 19 Jan 2023 14:22:09 +0000 Answered: What are the positive/negative international critique on the IAS 40 Standard? https://www.accountantanswer.com/2410/what-are-positive-negative-international-critique-standard?show=4293#a4293 General IFRS Discussion https://www.accountantanswer.com/2410/what-are-positive-negative-international-critique-standard?show=4293#a4293 Thu, 19 Jan 2023 12:55:40 +0000 Answered: Is a contract with a barter transaction a lease under IFRS 16? https://www.accountantanswer.com/2407/is-a-contract-with-a-barter-transaction-a-lease-under-ifrs-16?show=3017#a3017 General IFRS Discussion https://www.accountantanswer.com/2407/is-a-contract-with-a-barter-transaction-a-lease-under-ifrs-16?show=3017#a3017 Thu, 19 Jan 2023 09:15:34 +0000 IFRS can be cost effective in the countries that donot have efficient financial market https://www.accountantanswer.com/2417/ifrs-effective-countries-donot-efficient-financial-market General IFRS Discussion https://www.accountantanswer.com/2417/ifrs-effective-countries-donot-efficient-financial-market Mon, 06 Jul 2020 08:18:27 +0000 Does Buyer Lessor treats a lease always as a operating lease. If not then what is the finance lease treatment https://www.accountantanswer.com/2448/buyer-lessor-treats-always-operating-finance-lease-treatment General IFRS Discussion https://www.accountantanswer.com/2448/buyer-lessor-treats-always-operating-finance-lease-treatment Mon, 06 Jul 2020 08:17:58 +0000 Accounting for sales spread over a period. https://www.accountantanswer.com/2495/accounting-for-sales-spread-over-a-period General IFRS Discussion https://www.accountantanswer.com/2495/accounting-for-sales-spread-over-a-period Mon, 06 Jul 2020 08:16:01 +0000 Do change from cost model to fair value model in IAS 40 is change in accounting policy? https://www.accountantanswer.com/2515/change-cost-model-fair-value-model-change-accounting-policy General IFRS Discussion https://www.accountantanswer.com/2515/change-cost-model-fair-value-model-change-accounting-policy Mon, 06 Jul 2020 08:15:16 +0000 What is recognition entries for fixed assets partly buying by lease and partly pairs directly to suppliers ?? https://www.accountantanswer.com/2405/recognition-entries-partly-buying-partly-directly-suppliers General IFRS Discussion https://www.accountantanswer.com/2405/recognition-entries-partly-buying-partly-directly-suppliers Tue, 14 Apr 2020 11:41:13 +0000 Answered: What will be the impact of IFRS16 implementation to retained earnings and deferred tax. https://www.accountantanswer.com/2383/impact-ifrs16-implementation-retained-earnings-deferred?show=2404#a2404 General IFRS Discussion https://www.accountantanswer.com/2383/impact-ifrs16-implementation-retained-earnings-deferred?show=2404#a2404 Tue, 10 Dec 2019 18:33:37 +0000 Answered: Non current asset held for sale https://www.accountantanswer.com/2363/non-current-asset-held-for-sale?show=2367#a2367 General IFRS Discussion https://www.accountantanswer.com/2363/non-current-asset-held-for-sale?show=2367#a2367 Fri, 26 Jul 2019 06:12:15 +0000 Answered: Non current assets held for sale can be depreciated according to any of the three methods of depreciation https://www.accountantanswer.com/2297/current-assets-depreciated-according-methods-depreciation?show=2368#a2368 General IFRS Discussion https://www.accountantanswer.com/2297/current-assets-depreciated-according-methods-depreciation?show=2368#a2368 Fri, 26 Jul 2019 06:12:14 +0000 GRANTS IAS 20 https://www.accountantanswer.com/2362/grants-ias-20 General IFRS Discussion https://www.accountantanswer.com/2362/grants-ias-20 Fri, 31 May 2019 09:07:18 +0000 Answered: Impact of Leasing in IFRS https://www.accountantanswer.com/2341/impact-of-leasing-in-ifrs?show=2366#a2366 General IFRS Discussion https://www.accountantanswer.com/2341/impact-of-leasing-in-ifrs?show=2366#a2366 Fri, 31 May 2019 09:07:12 +0000 Answered: What is the accounting entry for Impairment of Asset under IFRS 16? https://www.accountantanswer.com/2356/what-is-the-accounting-entry-for-impairment-asset-under-ifrs?show=2357#a2357 General IFRS Discussion https://www.accountantanswer.com/2356/what-is-the-accounting-entry-for-impairment-asset-under-ifrs?show=2357#a2357 Wed, 20 Feb 2019 14:34:27 +0000 How do i derecognised plan assets for a defined benefit scheme that has been closed https://www.accountantanswer.com/2355/derecognised-plan-assets-defined-benefit-scheme-that-closed General IFRS Discussion https://www.accountantanswer.com/2355/derecognised-plan-assets-defined-benefit-scheme-that-closed Wed, 20 Feb 2019 07:30:52 +0000 Answered: Treatment of Carriage Outwards Expenses on Sales https://www.accountantanswer.com/2350/treatment-of-carriage-outwards-expenses-on-sales?show=2352#a2352 General IFRS Discussion https://www.accountantanswer.com/2350/treatment-of-carriage-outwards-expenses-on-sales?show=2352#a2352 Wed, 26 Dec 2018 04:30:29 +0000 Hedging of suppliers credit https://www.accountantanswer.com/2347/hedging-of-suppliers-credit General IFRS Discussion https://www.accountantanswer.com/2347/hedging-of-suppliers-credit Sat, 01 Dec 2018 10:58:22 +0000 Inventory Cost of Sales https://www.accountantanswer.com/2340/inventory-cost-of-sales General IFRS Discussion https://www.accountantanswer.com/2340/inventory-cost-of-sales Sun, 28 Oct 2018 17:58:37 +0000 Answered: Should the cost of purchasing annual license for Microsoft office 365 be capitalized or expensed? https://www.accountantanswer.com/2168/should-purchasing-license-microsoft-capitalized-expensed?show=2342#a2342 General IFRS Discussion https://www.accountantanswer.com/2168/should-purchasing-license-microsoft-capitalized-expensed?show=2342#a2342 Sun, 28 Oct 2018 05:21:13 +0000 Answered: Should we capitalize the Meal, Hotel, Transportation expense incurred during WIP? https://www.accountantanswer.com/2319/should-capitalize-transportation-expense-incurred-during?show=2328#a2328 General IFRS Discussion https://www.accountantanswer.com/2319/should-capitalize-transportation-expense-incurred-during?show=2328#a2328 Fri, 26 Oct 2018 05:54:10 +0000 IFRS 15 Revenue Recognition https://www.accountantanswer.com/2329/ifrs-15-revenue-recognition General IFRS Discussion https://www.accountantanswer.com/2329/ifrs-15-revenue-recognition Fri, 26 Oct 2018 05:54:07 +0000 Answered: We are automotive sole distributors, How to record warranty pair with car https://www.accountantanswer.com/2315/are-automotive-sole-distributors-record-warranty-pair-with?show=2332#a2332 General IFRS Discussion https://www.accountantanswer.com/2315/are-automotive-sole-distributors-record-warranty-pair-with?show=2332#a2332 Fri, 26 Oct 2018 05:54:03 +0000 What are the positive international critique with respect to the standard ias7 https://www.accountantanswer.com/2338/what-positive-international-critique-with-respect-standard General IFRS Discussion https://www.accountantanswer.com/2338/what-positive-international-critique-with-respect-standard Wed, 24 Oct 2018 17:00:10 +0000 Answered: A lease 1000 laptop costing 1000USD each in one lease contract, is it a Finance lease or operating lease https://www.accountantanswer.com/2335/laptop-costing-1000usd-contract-finance-lease-operating-lease?show=2336#a2336 General IFRS Discussion https://www.accountantanswer.com/2335/laptop-costing-1000usd-contract-finance-lease-operating-lease?show=2336#a2336 Sun, 14 Oct 2018 06:18:44 +0000 how to account for a cloud computing arrangement from both sides (provider, customer)? https://www.accountantanswer.com/2330/account-cloud-computing-arrangement-sides-provider-customer General IFRS Discussion https://www.accountantanswer.com/2330/account-cloud-computing-arrangement-sides-provider-customer Sat, 22 Sep 2018 20:23:22 +0000 Answered: what is non integral guidance for IAS 8??? https://www.accountantanswer.com/2317/what-is-non-integral-guidance-for-ias-8?show=2325#a2325 General IFRS Discussion https://www.accountantanswer.com/2317/what-is-non-integral-guidance-for-ias-8?show=2325#a2325 Sat, 15 Sep 2018 05:05:08 +0000 What is the treatment of overhaul cost,which standards guides such https://www.accountantanswer.com/2320/what-the-treatment-overhaul-cost-which-standards-guides-such General IFRS Discussion https://www.accountantanswer.com/2320/what-the-treatment-overhaul-cost-which-standards-guides-such Fri, 14 Sep 2018 15:53:06 +0000 Answered: Chart of accounts according to ifrs https://www.accountantanswer.com/2318/chart-of-accounts-according-to-ifrs?show=2322#a2322 General IFRS Discussion https://www.accountantanswer.com/2318/chart-of-accounts-according-to-ifrs?show=2322#a2322 Thu, 06 Sep 2018 13:26:40 +0000 An ICT fund was was created to cater for ICT purchases. Now a software has been purchased. How should it be treated. https://www.accountantanswer.com/2313/created-cater-purchases-software-purchased-should-treated General IFRS Discussion https://www.accountantanswer.com/2313/created-cater-purchases-software-purchased-should-treated Sun, 05 Aug 2018 16:17:30 +0000