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
    Monetary or non-monetary?

    Monetary or Non-Monetary?

    by Silvia

    Updated: 2023 – please scroll below to download the infographics for your future reference, it is free. When you need to translate your items denominated in foreign currency to your own functional currency, then there’s one little problem: Is that item monetary or non-monetary? If…

    Financial Instruments, Foreign Currency, Most popular, Non-current Assets 287
    IFRS 15 loan origination fees

    How to account for income from loan application fees?

    by Silvia

    How to account for the loan origination fees or the loan servicing fees? In profit or loss? Amortize? Find out here!

    Financial Instruments 46

    Contract Asset vs. Trade Receivable – What’s the Difference?

    by Silvia

    What is the difference between contract asset and receivable? When to book a contract asset and when a receivable? Learn here (with example)!

    Current Assets, Financial Instruments, IFRS Videos, Revenue Recognition 62

    ECL: How to Measure Probability of Default

    by Silvia

    Expected credit loss challenges many experienced accountants and finance people, because it contains the element of uncertainty and some sort of guessing or estimating what can happen in the future. That’s why it is “expected” after all. I wrote a few articles about the process…

    Financial Instruments 23

    How to account for financial guarantees under IFRS 9?

    by Silvia

    What is a financial guarantee? What is it NOT? And, how to account for financial guarantees under IFRS 9? Learn here!

    Financial Instruments, IFRS Videos 77

    How to calculate impairment on intercompany loans?

    by Silvia

    How to determine the impairment on intercompany loans under IFRS 9? What are the special considerations in relation to groups and internal loans? Learn here!

    Consolidation and Groups, Financial Instruments 1

    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

    How to test hedge effectiveness under IFRS 9?

    by Silvia

    How to assess hedge effectiveness prospectively under IFRS 9? Do we need to calculate the hedge effectiveness retrospectively?

    Financial Instruments, IFRS Videos 21

    How to account for contracts to buy commodities with future delivery (own use)?

    by Silvia

    When you purchase a commodity with future delivery for fixed price, should you account for it as for derivative under IFRS 9? Or as a purchase of inventories (“own-use” contract)? Find out here with example included.

    Current Assets, Financial Instruments, IFRS Videos 17

    How to account for investment in gold under IFRS?

    by Silvia

    The truth is that there is no specific IFRS related to precious metals. What to do when you buy gold and other metals to store value? Learn here!

    Accounting Policies and Estimates, Current Assets, Financial Instruments, IFRS Videos 21
    • 1
    • 2
    • 3
    • 4
    • Next

    Practical IFRS Pack Newsletter

    IFRS Kit

    IFRS Teams

    Recent Comments

    • Silvia on Example: How to Consolidate
    • Silvia on How to Account for Government Grants (IAS 20)
    • Adriano Alves on How to Account for Government Grants (IAS 20)
    • Silvia on IAS 23 Borrowing Costs Explained (2025) + Free Checklist & Video
    • Alex Kipchirchir on IFRS 18 Presentation and Disclosure in Financial Statements: summary

    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 (55)
    • Other Topics (15)
    • Provisions and Other Liabilities (46)
    • Revenue Recognition (26)
    • 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.

    JOIN OUR FREE NEWSLETTER

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

    Please check your inbox to confirm your subscription.