CPDbox - Making IFRS Easy
  • Toggle menu
    CPDbox - Making IFRS Easy
    • Articles
      • IFRS Videos
      • IFRS Q&A
      • 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

    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 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 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
    IAS8AccountingPolicy

    IAS 8 Accounting Policies, Changes in Accounting Estimates, Errors

    by Silvia

    I bet every single company needed to change something in its accounting records and financial statements. Often, the change is very small, so you just don’t worry about it and make correction on the go. But sometimes, the change can impact companies quite hard. For…

    Accounting Policies and Estimates, IFRS Videos 75
    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 59
    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 222

    Free IFRS Report

    IFRS Kit

    Recent Comments

    • Silvia on Can you capitalize it as PPE or not?
    • Gee on Can you capitalize it as PPE or not?
    • Tarek Ali on Example: How to Consolidate
    • Haythem elsayed on How to account for intercompany loans under IFRS
    • Annie on How to account for intercompany loans under IFRS

    Categories

    • Accounting Policies and Estimates (12)
    • Consolidation and Groups (24)
    • Current Assets (21)
    • Financial Instruments (54)
    • Financial Statements (45)
    • Foreign Currency (9)
    • IFRS Videos (62)
    • Insurance (1)
    • Most popular (6)
    • Non-current Assets (54)
    • Other Topics (15)
    • Podcasts (23)
    • Provisions and Other Liabilities (43)
    • Revenue Recognition (24)

    Copyright © 2009-2022 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.