Understand how a hiring entity accounts for the player transfer payments received from the receiving entity.
IFRIC Agenda Decision
Posted inFinancial Accounting
Analysis of IFRIC Agenda Decision: Over time transfer of constructed good (IAS 23 Borrowing Costs)
This article provides an insights on how IFRIC Agenda Decision on IAS 23 Borrowing Costs effects property players listed in the main market in Malaysia.
Posted inFinancial Accounting
IFRIC Agenda Decision: Supply Chain Financing Arrangements – Reverse Factoring
IFRS Interpretation Committee (“IFRIC”) had issued an agenda decision to summarise IFRIC consideration and decision relating to the disclosures and presentation of liabilities to pay for goods and services received under a reverse factoring arrangement. The agenda decision discusses and considers the presentation and disclosure requirements under the IAS 1 Presentation of Financial Statements, IAS […]
Posted inFinancial Accounting
IFRIC Agenda Decision: Configuration or Customisation Costs in a Cloud Computing Arrangement (IAS 38 Intangible Assets)
IFRS Interpretation Committee (“IFRIC”) had issued an addendum on 27 April 2021 to summarise IFRIC consideration and decision relating to the configuration and customisation costs in a cloud computing arrangement. This addendum follows the initial discussion on the same issue in its IFRIC Update in March 2021. The issue submitted to IFRIC is on how […]
Posted inFinancial Accounting
IFRIC Agenda Decision: How Does It Affect You?
IFRIC Agenda Decision is a document issued by the IFRS Interpretations Committee (“IFRIC”). What is IFRIC? IFRIC is an interpretive committee of the International Accounting Standards Board (“IASB”). The function of the IFRIC is to deliberate, respond, and provide a recommendation on issues submitted to the committee regarding the application of the accounting standards issued […]