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    Can we capitalize a customer list under IFRS?

    by Silvia

    If you purchase a customer list from someone else, can you actually capitalize it (recognize it as an asset)? Isn’t is just the same as the advertising expense? When can you capitalize a customer list under IFRS? Learn here!

    Non-current Assets 48

    Impairment Test in the Covid-19 Pandemic

    by Silvia

    Here we are, another year comes closer to its and – and what a year! Pandemic entered into our lives in early 2020 and we all must admit it – this was totally new experience, since only older generations can remember similar situation. Yes, it…

    Non-current Assets 7

    Can you capitalize demolition cost under IFRS?

    by Silvia

    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…

    IFRS Videos, Non-current Assets 15

    Coronavirus and IFRS – What is happening?

    by Silvia

    Over past few months, coronavirus became the most mentioned word everywhere. No wonder – not only it takes lives of our dear ones, but it also affects our daily life in many different ways. In many countries, people cannot go to work, kids cannot go…

    Accounting Policies and Estimates, Financial Instruments, Financial Statements, Non-current Assets 64

    How to Measure Fair Value in Agriculture – IAS 41 and IFRS 13

    by Silvia

    Agriculture is a huge sector, significantly contributing to the world’s GDP. According to the World Bank, in 2018 the value added in the agricultural sector represented 10.39% on total GDP in average – which is HUGE! After all, we all need to eat. Besides its…

    Accounting Policies and Estimates, Current Assets, Financial Statements, Non-current Assets 18

    How to Account for Cryptocurrencies in line with IFRS

    by Silvia

    Cryptocurrencies + their accounting under IFRS explained very clearly. Video included!

    Financial Instruments, IFRS Videos, Non-current Assets 38

    Example: Cash flow projections and value in use under IAS 36

    by Silvia

    In my last article, I tried to outline the main things to consider and to avoid when preparing the cash flow projections for the impairment tests under IAS 36. Here let’s illustrate the theory and show the numerical example of making cash flow projections for…

    Non-current Assets 13

    How to Make Cash Flow Projections for Impairment Testing under IAS 36

    by Silvia

    Impairment tests are one of the most judgmental areas in IFRS. It is all about estimating, judging, evaluating and forecasting. Sometimes it is almost like fortune telling, isn’t it? When I audited a few companies, I really disliked going through their impairment tests because all…

    Non-current Assets 14

    How to account for free assets received under IFRS

    by Silvia

    The best things in life are free… … at least that’s what Janet Jackson sang in one of her top hits. However, when your company receives some free assets, then the question is: Are they really received at no cost and no strings attached? Is…

    Accounting Policies and Estimates, Current Assets, Non-current Assets 107

    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 54
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