IFRS Box

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

http://traffic.libsyn.com/ifrsqa/023GrantMatching.mp3 Podcast: Play in new window | Download Show Notes IFRS Question 023: How to recognize grant income in profit or loss? I work for a real estate development company and we got a grant from international organization to support social housing. The conditions are that we build an apartment house, we will operate it … Read more

http://traffic.libsyn.com/ifrsqa/024ExchangeBorrowingCosts.mp3 Podcast: Play in new window | Download Show Notes   IFRS Question 024: How to deal with exchange differences on foreign currency loans? Dear Silvia, we are a real estate constructor and we took a loan to finance our new construction. In Russia the interest rates are quite high and therefore we negotiated the … Read more

http://traffic.libsyn.com/ifrsqa/025HotelInvestmentProperty.mp3 Podcast: Play in new window | Download Show notes IFRS Question 025: Is a hotel an investment property? I am an accountant of the hotel chain in India. Our hotels provide short-term accommodation to our guests, but we also have apartments for long-term rentals to residents. Short-term guests have the room, breakfast, cleaning and … Read more