How to Make Consolidated Statement of Cash Flows with Foreign Currencies
Did you know that many groups prepare their consolidated cash flow statement completely incorrectly? And, if you are well-experienced accountant, you can actually spot the faulty numbers instantly when you look to the statement of cash flows. Sadly, this wrong method is often taught in…
How to Make Hedging Documentation
If your company enters into some derivatives or other contracts to protect against any (potentially adverse) changes in cash flows or fair values, then it’s probably beneficial to apply hedge accounting. I wrote a few articles about hedge accounting, therefore if you need to refresh…
Troubles with IFRS 16 Leases
The new lease standard IFRS 16 can initially cause some troubles to the affected companies, because it introduces huge changes in the lessee’s accounting for leases. It was issued in January 2016 and we have to apply it for the periods starting 1 January 2019…
What Is a Financial Instrument?
A few weeks ago, we published the article about How to Implement IFRS 9 to assist you with the adoption of the major forthcoming IFRS update. Many accountants and CFOs are worried about IFRS 9, there are numerous discussions going on about it, but not…
Top IFRS Changes for 2016 and Later
The guys in the IASB (International Accounting Standards Board) are working very hard – it’s evident from lots of new standards, interpretations and amendments produced every year. In today’s article, I’d like to sum up the main changes in IFRS adopted in the past years…
The Best of CPDbox 2016
My all dear readers, without YOU there would be no CPDbox! Let me thank you for your continuous support throughout the year 2016, especially for: Asking me so many good questions in the comments below my articles, Sharing my articles with your friends via social…
How to Implement IFRS 9
The new IFRS 9 Financial Instruments will replace the older standard IAS 39 in January 2018 and it practically means that if you are affected, you need to start getting ready NOW. Why? Because your comparative period starts in January 2017 and you will need…
IFRS 16 Leases Explained: Full Guide + Free Video & Checklist
Updated: May 2025 IFRS 16 changed lease accounting forever. Lessees now bring almost all leases onto the balance sheet — no more hiding operating lease liabilities in the footnotes. In this guide, you’ll learn how IFRS 16 works in practice, including main rules, two free…
How to Test Goodwill for Impairment
When a company acquires control over another company, then often a goodwill arises, too. You should present it as an intangible asset, but when you think about it carefully, a goodwill is not a typical asset, because unlike other assets, you cannot sell it to…
IFRS 9 vs. US GAAP – Coming Closer?
We all know that IASB and US standard’s setting body FASB work together in order to prepare a single set of global accounting standards. Recently issued standard on revenue recognition, IFRS 15 and its American counterpart FAS 606 are a good example of these mutual…
Recent Comments
- Ikechukwu Somto on Summary of IAS 40 Investment Property
- Njabulo Ntuthuko Hlongwane on How to account for free assets received under IFRS
- Silvia on IAS 16 PPE Explained (2025): Full PPE Guide + Free Compliance Checklist
- Johhny on IAS 16 PPE Explained (2025): Full PPE Guide + Free Compliance Checklist
- Silvia on IAS 23 Borrowing Costs Explained (2025) + Free Checklist & Video
Categories
- Accounting Policies and Estimates (14)
- Consolidation and Groups (25)
- Current Assets (21)
- Financial Instruments (56)
- Financial Statements (54)
- Foreign Currency (9)
- IFRS Videos (74)
- Insurance (3)
- Most popular (7)
- Non-current Assets (56)
- Other Topics (15)
- Provisions and Other Liabilities (46)
- Revenue Recognition (27)
- Uncategorized (1)
