Пікірлер

• 
  @raghuramc15362 күн бұрын

  On the contract asset, if we have a sale of goods in 2021 and receiving payment in 2023. Assuming interest of 10 % outside market. Do we need to record initial recognition as Dr Contract asset Cr sale or Dr Accounts receivable Cr Sale

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  @ricardoshillyshally45933 күн бұрын

  What about if a company agrees to give calling and mobile data services to a customer for a period of 24 months. Would it be recorded as a receivable or a contract asset, and why?

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  @ricardoshillyshally45933 күн бұрын

  In this case, the company is getting paid $25 on a monthly basis and not at the end of the service

• 
  @CPDbox3 күн бұрын

  @@ricardoshillyshally4593 Please, watch this video, I solved exactly the example with telecom company - how to account for these prepaid services when free handset is received. Your case is quite similar. Here is the video:kzread.info/dash/bejne/eWiGy81pfcfbk6g.html

• 
  @tanbirrahman49923 күн бұрын

  Thank you 💓

• 
  @KM-ey5vs3 күн бұрын

  Hi Silvia. Is IAS 10 applicable only for events after year end? so it is not applicable for events after interim periods end?

• 
  @ianh26744 күн бұрын

  Very good video. Silvia. Thanks for

• 
  @WaseemAhmad-ux1nz5 күн бұрын

  Excellent video 👌

• 
  @CPDbox5 күн бұрын

  Thank you 👍

• 
  @rhodakejik435 күн бұрын

  WOW, WELL SIMPLIFIED

• 
  @medhatali22927 күн бұрын

  The income tax in P&L is 2500 , while you record it in CFs at 1400, any specific reason for that?

• 
  @CPDbox6 күн бұрын

  I recommend watching the video on making statements of cash flows here: kzread.info/dash/bejne/laOrudebiNfgfLA.html You will see that in the statement of cash flows, you enter the balance sheet changes and not profit or loss items first. As for the tax, 1400 is the change in tax liability from the balance sheet (2100-700).

• 
  @nimrodmapuranga28898 күн бұрын

  I am lost here. I thought if we calculate carrying amount of the asset at the end of 20x5 and compare it to the fair value and record surplus or loss from there onwards we will be using fair value model meaning we do not need to divide the fair value of 550 000 by the remaining useful life of 25 years. We will just compare 550 000 to 350 000 in the following year. Why should we devide fair value ....550 000 remaining useful life of 25 years?

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  @CPDbox6 күн бұрын

  You are describing fair value model (IAS 40), not revaluation model (IAS 16) as this example. Under revaluation model, you revalue to the fair value only time-to-time (every 3-5 years) and then you do actually charge depreciation. Under fair value model applicable to investment property, you revalue to the fair value each year and then NO depreciation is charged.

• 
  @chu-chumbingz694410 күн бұрын

  Nyc one

• 
  @ashwinkrishna49014 күн бұрын

  Thank you

• 
  @ashwinkrishna49014 күн бұрын

  Thank you. Clearly explained

• 
  @salmanansari784315 күн бұрын

  Please reply if possible can entity preparing separate FS ' will record goodwill or only in consolidation FS it is shown or recorded

• 
  @CPDbox6 күн бұрын

  Goodwill acquired in a business combination is only shown in the consolidated financial statements, not separate (because in separate, the investment in subsidiary is shown in one line).

• 
  @JRENTERTAINMENTS16 күн бұрын

  Thank you so much for this video

• 
  @pragyagoyal232418 күн бұрын

  Sooooo good and informative

• 
  @user-gs8jc5dr8h20 күн бұрын

  Thank you very much! May I also know the journal entries at the contract starts. Why is it debit to contract asset but not cash? how shall we put the double entries for receiving cash? is there a contract liabilities?

• 
  @CPDbox6 күн бұрын

  Because when the contract starts, the company does not receive any cash. The cash will be received of 100 paid monthly. And so, when this is received, the journal entry is Debit Cash / Credit Trade receivables (please revise the last entry in this video, where the trade receivables are recognized).

• 
  @tumelokeletso546420 күн бұрын

  Thank you very much

• 
  @azaanamjad892921 күн бұрын

  Thank You Madam you dont know how you have helped people in their audit practise.

• 
  @mohammedessam496922 күн бұрын

  I don't understand the context of the video. Could you please clarify if this liability for remaining contract (LRC) Calculation under premium allocation approach (PAA) ?

• 
  @CPDbox20 күн бұрын

  This is totally basic example on initial recognition of insurance contracts, clarifying how you calculate estimates of fulfilment cash flows, incorporate risk adjustment and see if the contract is onerous or not, under general model. I strongly recommend checking my premium course the IFRS Kit if this is not clear enough.

• 
  @abdalmusavir23 күн бұрын

  Excellent explanation... ❤

• 
  @cherryhintonaccounting542824 күн бұрын

  Thank you for sharing

• 
  @reanwithkimleng25 күн бұрын

  ❤❤❤❤❤

• 
  @frank23aj26 күн бұрын

  Inventory is current asset!!!!

• 
  @CPDbox24 күн бұрын

  Sometimes it is not. For example, whiskey maturing in barrels for 12 years. That's why I included IAS 2 to consider when accounting for non-current assets. Have a nice day, too!

• 
  @olyneannie473927 күн бұрын

  ❤❤

• 
  @arpita14v28 күн бұрын

  very nicely explained :)

• 
  @SameerKhan-lf8ip28 күн бұрын

  well-explained video. You are so good. thank you

• 
  @ricardoandresaldana0229 күн бұрын

  thank you

• 
  @milicaaa12329 күн бұрын

  Thank youuuuuuu!!!!!!!

• 
  @jigna645Ай бұрын

  Dear Silvia, Thanks for video. Please can you guide in subsequent year asset will be written down and new assets will be added in that case how to eliminate investment.

• 
  @albertchapman5281Ай бұрын

  well explained, summed up and clear... 👌

• 
  @febinroy2289Ай бұрын

  is pirate still applicable?

• 
  @SPORTS.PR0Ай бұрын

  thanks a lot

• 
  @iamlife551Ай бұрын

  Do you have life time subscription deals?

• 
  @CPDbox24 күн бұрын

  No, sorry.

• 
  @HeavenLuna-mx5wsАй бұрын

  Is initial gain in biological assets realized or unrealized?

• 
  @CPDbox24 күн бұрын

  Realized, if you meant to ask whether it is recognized in profit or loss.

• 
  @RicardoAldana-ve5swАй бұрын

  Thank you so much

• 
  @sizwelinda7229Ай бұрын

  Thank you so much, your summary always makes sense.

• 
  @bashorunbunmi6807Ай бұрын

  😍

• 
  @ukcandidatescreeningАй бұрын

  Hi Madam, Can we avoid a change of an estimate if they not material to the FS??

• 
  @CPDbox24 күн бұрын

  Technically speaking, yes. Just be careful in your judgements as to what is material, because the total aggregate impact might not be.

• 
  @ukcandidatescreening24 күн бұрын

  @@CPDbox Thanks for the response Madam. Really appreciate it 🙏

• 
  @esihlefini8860Ай бұрын

  Good

• 
  @aymanraouf1820Ай бұрын

  Does CSM increase as the premium becomes earned?

• 
  @CPDboxАй бұрын

  CSM can increase, but not as a result of the premium receipts.

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  @forevereatingasmr1324Ай бұрын

  How come the discounting of future cash flows resulted in a higher amount? I thought discounting future cash flows to present value will be lower amounts?

• 
  @CPDboxАй бұрын

  It depends what are the future cash flows. In this case, cash inflow is NOW, therefore the same amount as discounted one (3 000) but future cash outflows are later on, therefore the present value of total of - 2 400 is just - 2 128, which is lower than 2400 in absolute terms. Look at it as to debt. If you take a liability, it devalues over time, so the present value of your debt is greater or more favorable to debtor than if the debt would need to be paid now.

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  @chandrakantamandal6484Ай бұрын

  Thank you for the easy explanation🙂

• 
  @AZAMAN-xi3geАй бұрын

  Nice discation

• 
  @jeetmankikarАй бұрын

  Silvia you are blessing on youtube! Absolutely love all your videos whichever I have gone through so far! Much love!

• 
  @YUTIANSHENJukTimShumАй бұрын

  Sorry for asking, when the fair value of the PPE is less than the carrying amount, the debit side of the entry should it be OCI rather than PnL?

• 
  @CPDboxАй бұрын

  No, it is profit in loss, unless there was some revaluation surplus in OCI from previous reporting periods - in that case, you would bring that down to zero and the rest in profit or loss.

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  @YUTIANSHENJukTimShum29 күн бұрын

  @@CPDbox thank you so much for clarify!

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  @jayprakashroy7770Ай бұрын

  thanks u so much mamm

• 
  @RVinay-oy2nyАй бұрын

  Really such a crisp and wonderful explanation, Madam. Thank you so much once again😊

• 
  @jeetmankikarАй бұрын

  Thank you for this video, you teach very well!

• 
  @oyetunjihonour825Ай бұрын

  Thank you for always delivering great piece of Standards 🙌

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  @bashorunbunmi6807Ай бұрын

  thanks