030: How to deal with capex threshold for property, plant and equipment?
What happens when you buy lots of assets below your capex threshold, but still high expense? And, should you revise your capex threshold retrospectively? Learn here!
026: Accounting for transfer of owner-occupied property under revaluation model to investment property
What to do with revaluation surplus when transferring your PPE to investment property? How to account for it at the date of transfer and subsequently? Learn here!
025: Is a hotel an investment property under IAS 40?
How to classify any property (not just a hotel) if you use it for more purposes? And, what to do if you provide some additional services on top of rental? Find out here!
024: How to capitalize exchange differences on loan as borrowing costs?
Can you capitalize exchange differences on foreign currency loans as borrowing costs? If yes, then how? Please find out here!
023: How to match a government grant with costs for which the grant compensates?
How should you match the government grant with expenses for which it compensates? Sometimes, it’s not very straightforward and we need to apply our judgement and experience. Learn how to account for the grant revenue here!
022: Can you capitalize assets placed in customer’s premises?
How to account for assets which you gave for free to your clients for promotion purposes? Branded refridgerators, stands, displays, lights, signs – can you capitalize them? Find out here!
003: Can you capitalize demolition cost under IFRS?
If you acquired land with some old building and you plan to demolish that building, how should you treat the demolition cost and the carrying amount of old building? Can you capitalize it to the new asset? Or expense it? It depends…
- About IFRS (12)
- Accounting estimates (IAS 8) (4)
- Accounting policies (1)
- Consolidation and Groups (17)
- Employees (6)
- FAQ (1)
- Financial Instruments (36)
- Financial Statements (18)
- Foreign currency (8)
- How To (17)
- IFRS Accounting (60)
- IFRS Summaries (26)
- IFRS videos (37)
- Impairment of assets (6)
- Income Tax (7)
- Intangible assets (7)
- Inventories (12)
- Leases (13)
- Not just IFRS (7)
- Podcast (31)
- PPE (IAS 16 and related) (33)
- Provisions and Contingencies (5)
- Revenue recognition (13)
- Sectors&Industries (2)
- Uncategorized (2)
- US GAAP (2)