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http://traffic.libsyn.com/ifrsqa/033SettlementDiscounts.mp3 Podcast: Play in new window | Download Show notes IFRS Question 033: How to account for settlement discounts under IFRS 15? Today’s question is not so much a question, but a nice discussion I had with Mr. David Kolitz, an academic from the University of Exeter in the UK and author of financial accounting … Read more

http://traffic.libsyn.com/ifrsqa/034FinancialGuarantees.mp3 Podcast: Play in new window | Download Show notes IFRS Question 034: How to account for financial guarantees under IFRS 9? Hi Silvia, we have a subsidiary in a foreign country and the subsidiary needed to take a loan. The bank provided a loan, but we, the parent company, had to guarantee that we … Read more

http://traffic.libsyn.com/ifrsqa/035FairValueMachine.mp3 Podcast: Play in new window | Download Show notes IFRS Question 035: How to determine a fair value of a machine? We have a machine and we need to determine its fair value. We purchased the machine about 2 years ago for 50 000 USD and then we paid 10 000 USD to make … Read more

http://traffic.libsyn.com/ifrsqa/036ContractAssetReceivable.mp3 Podcast: Play in new window | Download Show notes IFRS Question 036: What is the difference between a contract asset and an account receivable? What is the difference between contract asset and an account receivable? I know that contract asset is a new term under IFRS 15, but I just don’t understand when we … Read more

http://traffic.libsyn.com/ifrsqa/037SoftwareLicenses.mp3 Podcast: Play in new window | Download Show notes IFRS Question 037: How to account for the sales of software licenses with subsequent updates? Hi Silvia, we are a software company. We develop various technical software programs and sell them to the clients together with 1-year of updates. How to account for the sale … Read more

http://traffic.libsyn.com/ifrsqa/038DTExpectedManner.mp3 Podcast: Play in new window | Download Show notes IFRS Question 038: How to calculate deferred tax when different tax rates apply to the recovery of the same asset? I work in a country with more than one tax rates and I have issues with the correct calculation of our deferred taxes. It relates … Read more

http://traffic.libsyn.com/ifrsqa/039_IFRS15Distinct.mp3 Podcast: Play in new window | Download Show notes IFRS Question 039: How to determine whether the performance obligation is distinct? I work for a software company. We develop software and sell it to our clients. Clients can buy the installation services from us. Also, we provide 1-year of support services after the purchase. … Read more

http://traffic.libsyn.com/ifrsqa/040_InvestmentGold.mp3 Podcast: Play in new window | Download Show notes IFRS Question 040: Accounting for investment gold under IFRS Hi Silvia, how should we account for the gold under IFRS, especially if it was acquired as a form of value storage? Should we account for the gold under IFRS 9 and IAS 32 as a … Read more