CPDbox - Making IFRS Easy
  • Toggle menu
    CPDbox - Making IFRS Easy
    • Articles
      • IFRS Videos
      • Financial Instruments
      • Consolidation and Groups
      • Financial Statements
      • Revenue Recognition
    • Standards
    • IFRS courses
      • IFRS Kit – Online IFRS Course
      • IFRS Team Training Package
      • Expected Credit Loss for Accountants
      • Speak Like an IFRS Expert
      • Resources that we use
      • Free Downloads
    • IFRS Q&A
    • Contact Us
      • Contact Us
      • About Us
    • My Account
    When to start depreciation

    When to start depreciation?

    by Silvia

    After graduating from a university I started my career in a famous, then Big 5 audit company. If you work in auditing I bet you got the worst tasks and assignments during your first year at work! Just as I did. I remember taking part…

    Non-current Assets 150
    IAS 20 Government Grants

    How to Account for Government Grants (IAS 20)

    by Silvia

    Almost every government supports certain companies or business by providing grants or other kind of assistance. As this is clear benefit and advantage comparing with other companies without such an assistance, it should be properly reported in the financial statements. How? Let’s explain the rules…

    IFRS Videos, Non-current Assets, Provisions and Other Liabilities 260
    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 107
    IAS 23 Borrowing Costs

    IAS 23 Borrowing Costs Explained (2025) + Free Checklist & Video

    by Silvia

    Updated: May 2025 Capitalizing borrowing costs under IAS 23 can be surprisingly tricky — especially with general borrowings, foreign currency loans, or intercompany financing. In this guide, we will dive in to learn the key rules, give you worked examples, and help you avoid common…

    Current Assets, IFRS Videos, Non-current Assets 194
    IAS 16 PPE

    3 Biggest Myths in Accounting for PPE

    by Silvia

    I often talk with many professionals about a practical application of IFRS and the topic of long-term tangible asset is very frequent. To my surprise I found out that a lot of them believed that with regard to accounting for property, plant and equipment (especially…

    Non-current Assets 158
    PrepaymentsForeignCurrencyIFRSL

    Accounting for Prepayments in Foreign Currency under IFRS

    by Silvia

    Last update: 2023 Transactions in foreign currencies are sometimes a nightmare. Obviously, we are trading with each other, our own currencies are different and foreign exchange rates are jumping up and down constantly. We are all aware of basic rules with regard to selection of…

    Financial Instruments, Foreign Currency 107
    IFRSChanges2014

    Top 5 IFRS Changes Adopted in 2014

    by Silvia

    The year 2014 brought us some very significant changes in IFRS. While some changes might not give you a hard time to adopt, the other changes can cost you a lot of money and time to make them effective in your company. The year 2014…

    Consolidation and Groups, Financial Instruments, IFRS Videos 11
    IAS16PPECostLL

    Can you capitalize it as PPE or not?

    by Silvia

    Last update: 2023 Is it an item of property, plant and equipment or a part of its cost? Or is it a piece of inventories instead? Or just an expense that goes straight in profit or loss? Hmmm, what about an intangible asset? In 90%…

    Current Assets, Non-current Assets 471
    How to account for artwork under IFRS

    How to Account for Artwork under IFRS

    by Silvia

    A few weeks ago I visited our dentist together with my little 4-year old girl just to check up everything’s OK with her little teeth. While we were sitting in the waiting room, my little one playing with the small teeth replicas (OMG!), I looked…

    Accounting Policies and Estimates, Current Assets, Non-current Assets 60
    IAS 8 Fully depreciated assets still in use

    Our machines are fully depreciated, but we still use them! What shall we do?

    by Silvia

    Do you work in the production company? And did you find out that some of your production assets are still in operation but they were fully depreciated? In this case, the original estimate of machinery’s useful life proved to be incorrect. Here’s one of the…

    Accounting Policies and Estimates, IFRS Videos, Non-current Assets 230
    • Previous
    • 1
    • 2
    • 3
    • 4
    • Next

    Practical IFRS Pack Newsletter

    IFRS Kit

    IFRS Teams

    Recent Comments

    • Tan Chee Hong on Retention in construction contracts
    • Ahumuza on Accounting for discounts under IFRS
    • Saheed Kehinde on How to account for intercompany loans under IFRS
    • hassan ali on IFRS 15 Explained: Full Guide on 5-step Model for Revenue Recognition + Free Journal Entries Template
    • BiG4 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 (6)
    • Non-current Assets (56)
    • Other Topics (15)
    • Provisions and Other Liabilities (46)
    • Revenue Recognition (27)
    • Uncategorized (1)

    Copyright © 2009-2025 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

    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.

    STAY AHEAD IN IFRS

    the Practical IFRS Pack — including checklists, journal entries, and cheat sheets you can actually use.


    Please check your inbox to confirm your subscription.