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
    Foreign Currency Consolidation

    Example: Consolidation with Foreign Currencies

    by Silvia

    Last update: 10/2022 (video added to the end of the article) In today’s world, most groups spread their activities abroad and logically different members of the group operate in different currencies. Is the consolidation process of combining the financial statements of two (or more) companies…

    Consolidation and Groups, Financial Statements, Foreign Currency, IFRS Videos 77

    How to account for barter transactions?

    by Silvia

    How to account for exchanges of inventories or long-term assets under IFRS? Or other barter transactions? Learn here!

    Current Assets, IFRS Videos, Revenue Recognition 28

    Impairment Test in the Covid-19 Pandemic

    by Silvia

    Here we are, another year comes closer to its and – and what a year! Pandemic entered into our lives in early 2020 and we all must admit it – this was totally new experience, since only older generations can remember similar situation. Yes, it…

    Non-current Assets 7

    Example: Leases under IFRS 16 during COVID-19

    by Silvia

    The pandemics of coronavirus, or COVID-19 has been here for a while and after the first shock of its quick spread and effect on people’s health, we are all seeing its economic consequences. In order to stop the spread, governments in many countries ordered complete…

    Provisions and Other Liabilities 69

    Adopting IFRS 16 – What Is The Best Option For You?

    by Silvia

    Let’s compare different transition options that you have when adopting IFRS 16 in your company. Let’s see what they are, which one is easier and which one has the smallest impact on your equity.

    Financial Statements, Provisions and Other Liabilities 44
    Disposal of subsidiary IFRS 10

    Example: IFRS 10 Disposal of Subsidiary

    by Silvia

    Some time ago I published an article with an example of very simple method of consolidating a parent and a subsidiary. This article still applies and you can learn the basic steps and methodology of consolidation with a nice video in it. Many of my…

    Consolidation and Groups, Financial Statements 72

    037: Accounting for the sales of software licenses with subsequent updates

    by Silvia

    How to apply 5-step model of IFRS 15 to the licenses of intellectual property? Are there any special considerations? Learn here!

    Podcasts, Revenue Recognition 20

    Example: Construction contracts under IFRS 15

    by Silvia

    How to account for construction contracts under IFRS 15? Learn here on a complex solved example with calculations and journal entries!

    Revenue Recognition 114

    026: Accounting for transfer of owner-occupied property under revaluation model to investment property

    by Silvia

    What to do with revaluation surplus when transferring your PPE to investment property? How to account for it at the date of transfer and subsequently? Learn here!

    Non-current Assets, Podcasts 20

    024: How to capitalize exchange differences on loan as borrowing costs?

    by Silvia

    Can you capitalize exchange differences on foreign currency loans as borrowing costs? If yes, then how? Please find out here!

    Non-current Assets, Podcasts 10
    • 1
    • 2
    • Next

    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.