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    IFRS overhauling

    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 15

    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 26
    IFRS Decommissioning

    How to Account for Decommissioning Provision under IFRS

    by Silvia

    When a company acquires certain types of long-term assets, it sometimes has an obligation to remove these assets after the end of their useful lives and restore the site. Typical example of such an asset is an oil rig or a nuclear power plant. When…

    Provisions and Other Liabilities 104
    IAS 37 Provisions

    How to Account for Provisions – Practical Questions

    by Silvia

    Today, let’s be practical. A couple of weeks ago, I published an article about IAS 37 Provisions, Contingent Liabilities and Contingent Assets. I received a lot of questions from you, so here I try to give you my answers to the issues that popped out…

    Provisions and Other Liabilities 44
    IAS 37 Provisions

    IAS 37 Provisions, Contingent Liabilities and Contingent Assets

    by Silvia

    Last update: March 2025 Free video lecture with the rules of IAS 37: Have you ever heard a joke about two accountants applying for a job? During their interview, they were given a task to calculate a net profit figure based on available data. After…

    IFRS Videos, Provisions and Other Liabilities 136

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