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Topics hide Measurement of investment property Introduction 1. Investment properties under construction 1.1 Accounting for the costs of construction 2. Subsequent measurement of investment property 2.1 Costs incurred after initial recognition 2.2 Replacement of parts of investment property and subsequent expenditure 2.3 Subsequent measurement: Cost model 2.4 Subsequent measurement: Fair value model Measurement of investment … Read more
Topics hide Acquisition of investment properties Asset acquisition or business combination New guidance (from 1 January 2020 or earlier) The concentration test Case – Acquisition of a residential real estate portfolio Framework in IFRS 3 Case – Acquisition of a residential and office real estate portfolio Case – Acquisition of a residential and office real … Read more
Topics hide Capitalisation of expenditure Capital expenditure (including equipment repairs and maintenance) Initial recognition of indirect costs Subsequent recognition of indirect costs Recording lease contracts – Right-of-Use Assets Subsequent Measurement of the Right-of-Use Asset Capitalisation of borrowing costs Capitalisation of cloud computing costs Accounting for a cloud computing arrangement that does not include an intangible … Read more
This is an overview of the use of onerous in the IFRS Standards, the major Standard being IAS 37 (see below). Topics hide IAS 37: ‘Onerous Contracts – Cost of Fulfilling a Contract’ Conceptual Framework – Executory contracts IFRS 3 Business combinations IFRS 9 Own use contracts IFRS 15 Revenue from contracts with customers IFRS … Read more
Topics hide Asset management or investment management Timing of revenue and profit recognition Step 1 – Determine the customer’s identity Step 1 – Apply the contract combination guidance Step 2/5 – Unbundling multiple service obligations within a single contract Step 3 – Treatment of upfront fees Step 3 – Variable consideration: the recognition of Management … Read more