CPDbox - Making IFRS Easy
  • Toggle menu
    CPDbox - Making IFRS Easy
    • Articles
      • IFRS Videos
      • Financial Instruments
      • Consolidation and Groups
      • Financial Statements
      • Revenue Recognition
    • Standards
    • IFRS and Other Courses
      • IFRS Kit – Online IFRS Course
      • Free Resources
      • IFRS and Business Consulting
    • IFRS Q&A
    • Contact Us
      • Contact Us
      • About Us
    • My Account

    How to classify expenses in profit or loss statement under IFRS?

    by Silvia

    How to classify depreciation of warehouse? Is it cost of sales or administrative expense? What to do when the classification changes? Learn here!

    Financial Statements 23

    Accounting for CAPEX threshold and its change under IFRS

    by Silvia

    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!

    Accounting Policies and Estimates, Financial Statements, IFRS Videos, Non-current Assets 20

    How to Write Notes to Financial Statements under IFRS

    by Silvia

    Warren Buffett once said: “Other guys read Playboy. I read annual reports.” This is a profound statement indicating that Warren Buffett actually takes his time to go through a complete annual report, including the financial statements and notes. Thus, Mr. Buffett does NOT consider the…

    Financial Statements 6

    How to prepare financial statements when going concern does NOT apply?

    by Silvia

    IFRS do not specify any rules for presenting the financial statements when the going concern basis does not apply. So, what to do? How to present the financial statements? What should we take care of? Find out here!

    Current Assets, Financial Statements, IFRS Videos 24

    How to present a loan with breached covenants?

    by Silvia

    So, you have a long-term loan, you breached the covenants and it became repayable on demand. Is it current or non-current? Learn here!

    Financial Instruments, Financial Statements 5

    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 make a change in functional currency

    by Silvia

    Some time ago I was a part of an audit team auditing the financial statements of a medium-sized manufacturing company. When we received the trial balance of that client, we spotted something strange: There were loads of transactions in a foreign currency and resulting impact…

    Financial Statements, Foreign Currency 31

    IFRS 2019 Update: Major changes you should be aware of

    by Silvia

    Here we go again – another year has started and a number of changes or amendments of IFRS came into effect. I am pretty sure that you are aware of the biggest ones like new IFRS 16, but let me sum up all the new…

    Accounting Policies and Estimates, Consolidation and Groups, Financial Instruments, Financial Statements, Provisions and Other Liabilities, Revenue Recognition 36
    Current or non-current IFRS

    Current or Non-Current?

    by Silvia

    Most balance sheets present individual items in distinction to current and non-current (except for banks and similar institutions). This seems so basic and obvious that most of us do not really think about classifying individual assets and liabilities as current and non-current. We do it…

    Current Assets, Financial Instruments, Financial Statements, Non-current Assets 100
    IFRS in banks

    IFRS for Banks and Financial Institutions

    by Silvia

    If you work for a bank or any other financial institution, then you are very well aware of the fact that IFRS is a little bit different there. OK, not quite like that: IFRS is still the same, just the way how you use it…

    Financial Instruments, Financial Statements 55
    • 1
    • 2
    • Next

    Free IFRS Report

    IFRS Kit

    Recent Comments

    • Matiyas on How to Account for Government Grants (IAS 20)
    • Silvia on Contract Asset vs. Trade Receivable – What’s the Difference?
    • Ann on Contract Asset vs. Trade Receivable – What’s the Difference?
    • Adnan Aslam on IFRS 9 Financial Instruments
    • Animesh K Chatterjee on IAS 7 Statement of Cash Flows

    Categories

    • Accounting Policies and Estimates (12)
    • Consolidation and Groups (24)
    • Current Assets (21)
    • Financial Instruments (54)
    • Financial Statements (45)
    • Foreign Currency (9)
    • IFRS Videos (63)
    • Insurance (1)
    • Most popular (6)
    • Non-current Assets (54)
    • Other Topics (15)
    • Provisions and Other Liabilities (43)
    • Revenue Recognition (25)

    Copyright © 2009-2023 Simlogic, s.r.o. All Rights Reserved.

    IFRS® is the IFRS Foundation’s registered Trade Mark and is used by Simlogic, s.r.o
    under licence during the term and subject to the conditions contained therein.

    Terms of Service

    JOIN OUR FREE NEWSLETTER

    report “Top 7 IFRS Mistakes”
    + free IFRS mini-course

    Check your inbox or spam folder now to confirm your subscription.

    Please check your inbox to confirm your subscription.

    We use cookies to offer useful features and measure performance to improve your experience. By clicking "Accept" you agree to the categories of cookies you have selected. You can find further information here.