IFRS 팟 캐스트

Join Raihazah Shaikh and Karsten Ganssauge for an update of the March 2023 IFRS Interpretations Committee meeting. Topics include: Three new submissions: Homes and home loans provided to employees, Guarantee over a derivative contract and Premiums Receivable from an Intermediary; Potential annual improvements on the accounting for lease payments fo…

Companies across many different sectors have announced their net-zero carbon commitments – as part of a drive towards a greener economy. As businesses embrace new arrangements and operational changes to hit their net-zero targets, they face both challenges and opportunities. In this podcast – the first in a new series on the impact of this transiti…

Market prices of most non-financial assets are usually not available, because these assets might be outdated or highly customized or simply not traded on the market. How do you set the fair value of these assets in this case? Learn here! The post How to determine the fair value of a machine? appeared first on CPDbox - Making IFRS Easy.…

How to account for carbon offsets and related costs? Claire Howells and Gina Huang join Raihazah Shaikh to share their perspectives on the accounting for carbon offsets and related costs from the perspective of a purchaser and the perspective of a project developer.저자 PwC

Can you capitalize rental expenses of land under IFRS? And what about the rental of the temporary offices? Find out here! The post Can you capitalize rental expenses of land? appeared first on CPDbox - Making IFRS Easy.저자 CPDbox – Making IFRS Easy

How to allocate fixed overheads to the cost of inventories? What if your production is abnormally high or abnormally low? Find out here with examples included! The post How to allocate cost of conversion to inventories at abnormal levels of production? appeared first on CPDbox - Making IFRS Easy.저자 CPDbox – Making IFRS Easy

What do investors want to know about this reporting season? In this podcast, Hilary Eastman and Eleanor Leach join Raihazah Shaikh to share their perspectives.저자 PwC

Join Raihazah Shaikh and Henry Daubeney as they take stock of sustainability related reporting covering the three proposals, the ISSB S1 and S2 exposure drafts, the European Sustainability Reporting Standards (ESRS) and the SEC proposed climate rule. They also look ahead to developments that are expected in 2023…

How to deal with anticipated major repairs, maintenance, overhauling, regular replacement of small parts and similar items under IFRS? Find out here! The post Should we create a provision for major overhauling? appeared first on CPDbox - Making IFRS Easy.저자 CPDbox – Making IFRS Easy

Join Raihazah and Karsten Ganssauge for an update on the November 2022 IFRS Interpretations Committee meeting. Topics include assessing the definition of a lease when considering substitution rights and potential annual improvements to existing IFRS standards.저자 PwC

Climate-related matters continue to top the list of priorities for investors and other stakeholders with their greater focus on consistency of financial and non-financial information across the annual report. However, they also recognise the challenges companies face from the macroeconomic environment, such as inflation, rising energy prices, the U…

How to determine whether the performance obligations in the contract are distinct or not distinct under IFRS 15? Find out here, with example included! The post Distinct or not distinct under IFRS 15? appeared first on CPDbox - Making IFRS Easy.저자 CPDbox – Making IFRS Easy

Join Raihazah Shaikh and Laura Kennedy for an overview of the accounting considerations in a rising inflation and interest rate environment. Topics include key themes to consider on the impact to the measurement and disclosures; examples of areas that might be impacted, and examples of where additional disclosures might need to be considered in acc…

Join Raihazah and Karsten Ganssauge for an update on the September 2022 IFRS Interpretations Committee meeting. Topics include three agenda decisions finalised on multi-currency groups of insurance contracts, accounting for warrants at acquisition in a SPAC transaction and lessor forgiveness of lease payments. The Committee also discussed the staff…

How to apply 5-step model of IFRS 15 to the licenses of intellectual property? Are there any special considerations? Learn here! The post Accounting for the sales of software licenses with subsequent updates appeared first on CPDbox - Making IFRS Easy.저자 CPDbox – Making IFRS Easy

How to account for exchanges of inventories or long-term assets under IFRS? Or other barter transactions? Learn here! The post How to account for barter transactions? appeared first on CPDbox - Making IFRS Easy.저자 CPDbox – Making IFRS Easy

Join Raihazah Shaikh and Gina Huang as they reflect on PwC’s learnings over the past year in relation to cloud computing arrangements following the IFRIC agenda decisions in March 2019 (Customer’s Right to Receive Access to the Supplier’s Software Hosted on the Cloud (IAS 38 Intangible Assets)) and March 2021 (Configuration or Customisation Costs i…

Should you recognize settlement discount as a cost at the time when the payment is received? Or, should you adjust revenue? How? Learn here! The post How to account for settlement discounts under IFRS 15? appeared first on CPDbox - Making IFRS Easy.저자 CPDbox – Making IFRS Easy

Can you use the same incremental borrowing rate for all your leases under IFRS 16? Why can't you use your own implicit rate in the lease if you are a lessee? Learn here! The post How to determine the discount rate for lessees under IFRS 16? appeared first on CPDbox - Making IFRS Easy.저자 CPDbox – Making IFRS Easy

If you are using third-party supplies within your product or service, are you an agent or a principal? How should you recognize revenue in this case? Learn here! The post We rent apartments and supply utilities with rent. Are we agent or principal? appeared first on CPDbox - Making IFRS Easy.저자 CPDbox – Making IFRS Easy

Join Raihazah Shaikh, Henry Daubeney and Scott Bandura for an overview of PwC’s response to the ISSB exposure drafts and a summary of next steps in sustainability related reporting. Topics include key themes in PwC’s response letter, areas of focus in each individual exposure draft and an overview of other upcoming developments.…

What if the tax rate on capital gains is different from the tax rate on profit? How to calculate deferred tax on assets that will be recovered via both use and sale? Learn here! The post Deferred tax when different tax rates apply appeared first on CPDbox - Making IFRS Easy.저자 CPDbox – Making IFRS Easy

Join Raihazah Shaikh and Peter Flick where they discuss the European Sustainability Reporting Standards (ESRS) exposure drafts released by EFRAG (European Financial Reporting Advisory Group). Topics include, the scope of the requirements, an overview of cross-cutting standards, the concept of double materiality and the climate exposure draft.…

Imagine you sell in EUR, make purchases in INR and your loans are denominated in USD... what is your functional currency in this case? Learn here! The post 028: How to determine the functional currency when a company deals with more currencies? appeared first on CPDbox - Making IFRS Easy.저자 CPDbox – Making IFRS Easy

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! The post Accounting for transfer of owner-occupied property under revaluation model to investment property appeared first on CPDbox - Making IFRS Easy.…

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! The post Is a hotel an investment property under IAS 40? appeared first on CPDbox - Making IFRS Easy.저자 CPDbox – Making IFRS Easy

Can you capitalize exchange differences on foreign currency loans as borrowing costs? If yes, then how? Please find out here! The post How to capitalize exchange differences on loan as borrowing costs? appeared first on CPDbox - Making IFRS Easy.저자 CPDbox – Making IFRS Easy

Join Raihazah and Karsten Ganssauge for an update on the June 2022 IFRS Interpretations Committee meeting. The topics include the consolidation of a non-hyperinflationary subsidiary by a hyperinflationary parent and the application of IFRS 17 and IAS 21 to a group of insurance contracts with foreign currency cash flows.…

Join Raihazah Shaikh and Nadja Picard, where they discuss a path towards further global alignment and adoption of sustainability reporting standards. They take a close look at the role of the Global Reporting Initiative (GRI) and how the memorandum of understanding between the GRI and the IFRS foundation can establish reporting which looks beyond a…

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! The post How to match a government grant with costs for which the grant compensates? appeared first on CPDbox - Making IFRS Eas…

Within the space of a few weeks, the International Sustainability Standards Board (ISSB™ Board), EFRAG and the SEC have all published proposed sustainability reporting standards. Some are more detailed than others, and some cover wider issues for a wider stakeholder group. All of them represent significant steps towards greater connectivity between…

How to account for sale of gift cards? What do to when the customers don't redeem them? Find out here! The post How to account for gift cards? appeared first on CPDbox - Making IFRS Easy.저자 CPDbox – Making IFRS Easy

How to classify depreciation of warehouse? Is it cost of sales or administrative expense? What to do when the classification changes? Learn here! The post How to classify expenses in profit or loss statement under IFRS? appeared first on CPDbox - Making IFRS Easy.저자 CPDbox – Making IFRS Easy

How to account for the loan origination fees or the loan servicing fees? In profit or loss? Amortize? Find out here! The post How to account for income from loan application fees? appeared first on CPDbox - Making IFRS Easy.저자 CPDbox – Making IFRS Easy

Join Raihazah Shaikh and Andreas Ohl, where they discuss the SEC proposal on the Enhancement and Standardization of Climate-Related Disclosures for Investors. Topics include an overview of the proposal and a summary of some of the similarities and differences with other similar proposals.저자 PwC

Join Raihazah Shaikh, Mark O’Sullivan and Scott Bandura, where they discuss the two new exposure drafts published by the International Sustainability Standards Board which consist of the general requirements for disclosure of sustainability-related financial information, and climate related disclosures.…

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! The post Accounting for CAPEX threshold and its change under IFRS appeared first on CPDbox - Making IFRS Easy.저자 CPDbox – Making IFRS Easy

Join Raihazah Shaikh and Karsten Ganssauge for an update on part 2 of the March 2022 IFRS Interpretations Committee meeting, where they discuss the two issues relating to the accounting implications of special purpose acquisition companies, also referred to as SPACs.저자 PwC

Join Andrea Pryde and Karsten Ganssauge for an update on part 1 of the March 2022 IFRS Interpretations Committee meeting. The topics include demand deposits with restrictions, recognition of profit for life contingent immediate annuity contracts, and the accounting for lease concessions.저자 PwC

What is the lease term under IFRS 16? How to account for definite or indefinite lease term with 2-months notice period? Learn here. The post What is the lease term of cancellable property rental contracts under IFRS 16? appeared first on CPDbox - Making IFRS Easy.저자 CPDbox – Making IFRS Easy

Join Andrea Pryde and Gary Berchowitz for an update on the Supplier Finance Exposure Draft. The podcast explores the nature of these arrangements, what the exposure draft proposes, and PwC’s preliminary views on responding to the exposure draft.저자 PwC

Interconnectivity between the financial statements and the rest of the annual report on climate-related matters is a key concern for investors and regulators. Investors are challenging the lack of sufficient disclosure of climate-related information in financial statements and are seeking greater transparency and clarity. The 2021 reporting season …

Join Andrea Pryde and Karsten Ganssauge for an update from the February 2022 IFRS Interpretations Committee meeting. The topics include TLTRO III transactions and negative low or new energy vehicle credits. There was also an education session on IFRS 17.저자 PwC

What do investors want to know about 2021 year ends? Hilary Eastman and Gale Wilkinson join Andrea Pryde to provide their insights.저자 PwC

What is the difference between contract asset and receivable? When to book a contract asset and when a receivable? Learn here (with example)! The post Contract Asset vs. Trade Receivable – What’s the Difference? appeared first on CPDbox - Making IFRS Easy.저자 CPDbox – Making IFRS Easy

Developments in environmental, social and governance (ESG) non-financial reporting have moved quickly during 2021, driven by the demand from investors. Henry Daubeney and Katie Woods provide an overview of the latest developments from the IFRS Foundation.저자 PwC

The Paris Agreement adopted at COP 21 in 2015 introduced a market based mechanism to price carbon with the aim of cost-effectively managing and reducing global greenhouse gas emissions. But carbon pricing mechanisms can raise tricky accounting questions.저자 PwC

Join Andrea Pryde and Karsten Ganssauge as they discuss the latest IFRIC updates저자 PwC

This podcast covers a range of key points for consideration in reflecting the impact of COVID-19 in year-end financial statements. Hosted by Reinhard Dotzlaw (KPMG Global IFRS leader), this episode offers insights from KPMG specialists who each share their thoughts on questions to ask about going concern, impairment, rent concessions, government as…

Continuing our green mini series, Andrea Pryde is joined by Gethin Evans and Kevin McLeod to discuss how the effects of climate-related risks should be reflected in expected credit loss calculations used for measuring impairment of financial assets applying IFRS 9.저자 PwC