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http://traffic.libsyn.com/ifrsqa/QA001_DualRatesIFRS.mp3 Podcast: Play in new window | Download   Transcript: What closing rate should you apply when more rates are available? Hi guys, this is Silvia of IFRSbox.com and welcome to the very first episode of IFRS Q&A or questions and answers with me. I’m here for you, and each week I hope I’ll be … Read more

http://traffic.libsyn.com/ifrsqa/IFRS_QA_002__How_to_handle_different_useful_lives_of_PPE_within_the_group_.mp3 Podcast: Play in new window | Download   Show notes IFRS Question 002: Different useful life of PPE within the same group We have a head office in Singapore and subsidiaries in various countries. The headquarters of the parent company set the useful lives of the property, plant and equipment (PPE) for the whole … Read more

http://traffic.libsyn.com/ifrsqa/QA003DemolitionCostsIFRS.mp3 Podcast: Play in new window | Download   Show notes IFRS Question 003: Capitalizing demolition cost and carrying amount of old building We are auditors and need your advice on the following situation for our client: They have freehold land with building with total cost of CU 20 mil. acquired in 2015. The building … Read more

http://traffic.libsyn.com/ifrsqa/QA004LoansVariableInterest.mp3 Podcast: Play in new window | Download   Show notes IFRS Question 004: Variable-interest loan with collateral – at amortized cost? We provided a loan with a variable interest rate and there is a limitation for max/min interest rates to be paid. Will this feature prevent this loan from passing SPPI test (solely payment … Read more

http://traffic.libsyn.com/ifrsqa/QA005DividendstoEmployees.mp3 Podcast: Play in new window | Download   Show notes IFRS Question 005: Accounting for dividends paid to employees Our company policy is to pay 2% of the net profit to our employees who worked for us during the full previous year – from 1 January to 31 December. We booked the dividends for … Read more

http://traffic.libsyn.com/ifrsqa/006CommodityContracts.mp3 Podcast: Play in new window | Download Show notes IFRS Question 006: Accounting for own-use contracts under IFRS 9 Our company produces metal products and we buy lots of raw materials, like lead, nickel, copper iron. We often enter into contracts for future delivery, for example, to purchase 10 tons of nickel with delivery … Read more

http://traffic.libsyn.com/ifrsqa/007RestrictedCash.mp3 Podcast: Play in new window | Download Show notes IFRS question 007: Restricted cash under IFRS We are a constructing company and we received an advance payment from our customer for the construction of the specialized production hall amounting to 5% of the total sales price. This is very significant for our financial statements. … Read more

http://traffic.libsyn.com/ifrsqa/008LeaseTermIFRS.mp3 Podcast: Play in new window | Download Show notes IFRS question 008: Lease term of cancellable property rentals under IFRS 16 A company has opened a branch at a building, by signing a rental agreement with the landlord of the building on which branch is situated. The initial agreement will be for 10 years … Read more

http://traffic.libsyn.com/ifrsqa/009CustomerListIFRS.mp3 Podcast: Play in new window | Download Show notes IFRS question 009: Capitalization of a customer list under IFRS A bank purchased information about subscribers from a telecom company in order to reach its targeted customers via phone, SMS or other advertising medium. Can the bank recognize the expense incurred to buy this subscriber … Read more

http://traffic.libsyn.com/ifrsqa/010HedgeEffectiveness.mp3 Podcast: Play in new window | Download Show notes IFRS Question 010: How to test hedge effectiveness under IFRS 9? Under IFRS 9, we are required to test the hedge effectiveness prospectively and we can use the qualitative methods, for example the critical terms matching. Does it mean that there’s no need for quantitative … Read more