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http://traffic.libsyn.com/ifrsqa/013VariableLeasePayments.mp3 Podcast: Play in new window | Download Show notes IFRS Question 013: How to account for variable lease payments? We are a large retail chain and we rent the premises for our stores from various property owners, mostly in the high-class shopping malls. In some cases, the rental payments are calculated as a fixed … Read more

http://traffic.libsyn.com/ifrsqa/014LoansBreachedCovenants.mp3 Podcast: Play in new window | Download Show notes IFRS Question 014: How to present a loan when the covenants are breached? I work for a company that is a subsidiary of a multinational group. Our local company took the large loan from the bank to finance group’s operations repayable after 5 years. As … Read more

http://traffic.libsyn.com/ifrsqa/015NotGoingConcern.mp3 Podcast: Play in new window | Download Show notes   IFRS Question 015: IFRS financial statements under basis different than going concern I am now preparing the financial accounts of a company which is forced to cease its business, and it is apparent that the going concern basis is no longer appropriate. I am … Read more

http://traffic.libsyn.com/ifrsqa/016ImpairmentICLoans.mp3 Podcast: Play in new window | Download Show notes   IFRS Question 016: How to calculate impairment on intercompany loans? I work for a group and we have a lot of intercompany loans. I read your article on ifrsbox about this topic and you mentioned that we have to book impairment on intercompany loans. … Read more

http://traffic.libsyn.com/ifrsqa/017_ExpenseAgriculture.mp3 Podcast: Play in new window | Download Show notes   IFRS Question 017: How to account for expenses related to agricultural activity? I work for a company that owns a few sheep farms. We are breeding sheep for sale and for the purpose of the production of sheep products like milk, cheese and other. … Read more

http://traffic.libsyn.com/ifrsqa/018LoanTranFees.mp3 Podcast: Play in new window | Download Show notes   IFRS Question 018: How to account for loan transaction fees? I work for a banking industry and my bank is charging a fee of 3% for each loan issued to customers on some of loan categories. However such fee is divided into two categories: … Read more

http://traffic.libsyn.com/ifrsqa/019_CapitalizeLandLease.mp3 Podcast: Play in new window | Download Show notes IFRS Question 019: Capitalization of the rental expenses We run the school and we plan to build the new school building on the leased land. We leased a land from the government for 40 years with an option to renew for another period. The rentals … Read more

http://traffic.libsyn.com/ifrsqa/020Breakage.mp3 Podcast: Play in new window | Download Show notes   IFRS Question 020: Accounting for gift cards and prepaid future services I am an accountant in a retail chain. We sell clothes, accessories and home decorations. We also sell gift cards of certain value. For example, a customer can purchase a gift card of … Read more

http://traffic.libsyn.com/ifrsqa/021WarrantiesIFRS15.mp3 Podcast: Play in new window | Download Show notes IFRS Question 021: Accounting for warranties under IFRS 15 Our company provides 1-year warranty to all our products in line with our legislation, but the client can extend this warranty at 3 years for a fee. Is this a separate performance obligation under IFRS 15? … Read more

http://traffic.libsyn.com/ifrsqa/022AdvertisingAssets.mp3 Podcast: Play in new window | Download Show Notes IFRS Question 022: Can we capitalized assets placed in customer’s premises? I work for beverage producer and we sell our drinks to supermarkets, too. We often give the drink stands and refrigerators to supermarkets and they will display our drinks inside. The stands and refrigerators … Read more