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    035: How to determine the fair value of a machine?

    by Silvia

    Market prices of most non-financial assets are usually not available, because these assets might be outdated or highly customized or simply not traded on the market.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!

    Non-current Assets, Podcasts 14

    How to Account for Intangible Assets under IAS 38

    by Silvia

    Is it an asset or an expense? How to account for amortization? What if the asset has indefinite useful life? Learn here in our newest article with the video in the end!

    IFRS Videos, Non-current Assets 52

    026: Accounting for transfer of owner-occupied property under revaluation model to investment property

    by Silvia

    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!

    Non-current Assets, Podcasts 20

    025: Is a hotel an investment property under IAS 40?

    by Silvia

    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!

    Non-current Assets, Podcasts 6

    024: How to capitalize exchange differences on loan as borrowing costs?

    by Silvia

    Can you capitalize exchange differences on foreign currency loans as borrowing costs? If yes, then how? Please find out here!

    Non-current Assets, Podcasts 5
    Intangible assets

    IAS 38: Intangible Asset or Expense?

    by Silvia

    Recently I had an argument with auditors of one company related to the customer list they bought. The company paid significant amount of cash for the list of customers of telecommunications. The list contained the names, addresses and phone numbers of all the clients. And,…

    Non-current Assets 131

    023: How to match a government grant with costs for which the grant compensates?

    by Silvia

    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!

    Non-current Assets, Podcasts 1

    022: Can you capitalize assets placed in customer’s premises?

    by Silvia

    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!

    Non-current Assets, Podcasts 8

    019: Can you capitalize rental expenses of land?

    by Silvia

    Can you capitalize rental expenses of land under IFRS? And what about the rental of the temporary offices? Find out here!

    Non-current Assets, Podcasts 18

    011: Should we create a provision for major overhauling?

    by Silvia

    How to deal with anticipated major repairs, maintenance, overhauling, regular replacement of small parts and similar items under IFRS? Find out here!

    Non-current Assets, Podcasts 12
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