Why do i learn better on youtube than physical classes! Thank you!
@Eona_Catacutan Жыл бұрын
PPE has always been a complicated topic for me. Thank you for explaining it in a simple manner, especially its measurement, recognition, and depreciation. It assisted me well in accomplishing our task of analyzing our chosen company’s financial statements based on PAS/IASs.
@niyanthritharamesh55623 жыл бұрын
I have been following the ifrs website of yours for articles and KZbin for all the short clips on ias and ifrs.. And the articles, I must say they are sooo engaging... Where most of the articles I have come across gets too technical... You have made it so simple and interesting... Thanks a lot Silvia :)
@CACMA_PBV3 жыл бұрын
Yes ... agree
@chenwahchew71543 жыл бұрын
Totally agree. Usually accounting articles are so dry, mostly just regurgitating the standards' requirements. Sylvia's are always engaging and phrases in a relatable manner
@cliffordsefahsarpong35023 жыл бұрын
Pls can you share the link to the website?
@cliffordsefahsarpong35023 жыл бұрын
Pls can you share the link to the website?
@abigaelmwangi66383 жыл бұрын
How do you get those articles???do I have to pay..if so how much???
@fahadalsalamah63203 жыл бұрын
Hi Silvia , Honesty, i haven't yet heard the video , but it will definitely be wonderful as usual at all the following levels: 1. On the level of ease of language used. 2. On the level of deep understanding of IFRS/IAS. 3. On the level of great ability to communicate the idea and information required to the listener. Thank you so much Silvia🌹 Regards, Fahad
@arnielizaacuna2939 Жыл бұрын
This executive summary of IAS 16 helped me recall what I learned in our class discussion when I was preparing for my midterms.
@augustinzouzou6786 Жыл бұрын
Silvia , honestly you master this paper than anyone else i know , be blessed
@saxvgs61892 жыл бұрын
Can you please explain which of the below accounting treatments is correct: A building takes 2 years to complete with the following details. -Site preparation began at 01/02/2020 and completed at 31/04/2020, cost and invoiced 100,000. -Building frame construction began at 01/06/2020 and completed at 30/11/2020, cost and invoiced 3000,000. -Floor construction began at 15/01/2021 and completed at 31/05/2021, cost and invoiced 500,000. -Full construction and building available for use at 31/09/2021,cost and invoiced 350,000. 1) Accounting treatment The building should be recognized as a non current asset in Balance Sheet at 31/12/2021 for the cost of 3950,000 At 31/09/2021 Dr Non Current Asset 3950,000 Cr Bank 3950,000 OR 2) Accounting treatment Recognize the initial component of the non current asset in the Balance Sheet of the year ended 31/12/2020 for the cost of 3100,000: At 31/04/2020 Dr Non Current Asset 100,000 Cr Bank 100,000 At 30/11/2020 Dr Non Current Asset 3000,000 Cr Bank 3000,000 Recognize the remaining component of the non current asset in the Balance Sheet of the year ended 31/12/2021 for the cost of 850,000: At 31/05/2021 Dr Non Current Asset 500,000 Cr Bank 100,000 At 30/09/2021 Dr Non Current Asset 350,000 Cr Bank 350,000
@CPDbox2 жыл бұрын
I will respond on my website later on, just please send it to me by the email. Thank you!
@kailaaquino3710 Жыл бұрын
Done rewatching I now have a clearer understanding of PPE thank you so much!
@user-fc5bc9ki7p Жыл бұрын
Thank you for this informative video, ma'am! I gained a deeper understanding of PAS 16. This is such a nice supplemental material in addition to what we have discussed in class during our midterms.
@woubeshetshawell93143 жыл бұрын
I appreciate you that you are a wonderful instructor due to the fact that your methodology is simple and understandable.
@jelainesoriano Жыл бұрын
Thank you so much, Ma'am Silvia for this very informative video. I found it super easy-to-understand. God bless!
@giseleteghen42473 жыл бұрын
Thanks so much for this I jus discovered ur channel and am happy to be hear pls can u do ias 19 and IFRS 2
@idoculta4463 Жыл бұрын
Muito legal ver uma brasileira com um canal de accounts, em ingles. obrigad, muito mais facil de entender do que os sotaques indianos que eu tenho encontrado ahah valeuuu, excelente didatica tambem,
@vincejustinejavier5362 Жыл бұрын
The discussion of the standard was simplified. I really understood the topic. Thank you!
@kylehawthorn92316 ай бұрын
But if an asset was revalued. Isn't that the new value of the asset? Why would you add depreciation onto an asset that we just had valued?
@CPDbox6 ай бұрын
Because, you do not revalue every year, just here and there (3-5 years), within the regular intervals. This is the revaluation model under IAS 16, however, we also have fair value model for investment properties under IAS 40 - there, you can revalue each year without any depreciation charged. You can learn more here: www.cpdbox.com/cost-revaluation-models-ppe-ifrs/ (scroll to Myth n. 3).
@meharhasnatmahmud59263 жыл бұрын
What's the difference between selling and disposal ?I guess selling involves inventories and disposal involves PPE which doesn't contain Future Ecnomic benefits
@dinolucas269713 күн бұрын
Hello, i need some help on classify property plant and equipment for determining the cost. Could you please help me?
@olumideelijah64302 жыл бұрын
Assets that are used to produce other assets like inventories to what extend should their depreciation be part of the inventories cost?
@alvesjunior19809 ай бұрын
How to book advance payment for purchasing an Equipment? Is it current asset or fixed assets? Thank you in advance
@probodhamadusanaka263211 ай бұрын
Hi Silvia, I am not sure if you would see this message but would appreciate if you can answer. My question is what is the difference between revaluation deficit and impairment? My understanding is that impairment is only applicable when the company adopts cost model. But if the company adopts revaluation model, then they do not need to apply IAS 36 impairment. Please clarify this.
@CPDbox11 ай бұрын
I think you answered it yourself. Basically, anything that gets remeasured on the fair value basis, is NOT a subject to impairment testing, because the fair value remeasurement takes care of that.
@probodhamadusanaka263211 ай бұрын
@@CPDbox Thank you!
@meytithveasna3399 ай бұрын
I have a question to ask you about purchasing stuffs from a vendor including external hard disk .the vendor free an external hard disk .how we record that gift?thanks
@user-lh2lm6wl3h2 жыл бұрын
Hy Silvia, First of all, huge thanks to you for such wonderful summary videos. It helps me a lot in my CA Studies. I have a short query and that is How can we treat the waiver or discounting of the Cost of assets by our vendor while paying the amount on later dates? Shall we have to treat such discounts as our expenses or it shall be reduced from the cost of Assets itself as subsequent recognition of assets? Waiting for your response Thank You 🙂
@mnavaid80553 жыл бұрын
I found this beneficial
@rosemarievillapa5086 Жыл бұрын
once again, thank you for this video lecture!
@hopekofi61893 жыл бұрын
Hi Silvia, please how do you handle and an asset that is fully depreciated and still in use
@Girl-on-fire3 жыл бұрын
I would like to know as well
@harshbachhawat33093 жыл бұрын
Pranam Jai Jinendra What about painting the asset before warehouse of company will it be added to cost price or somewhere else ? (Please also mention reason with Answer)
@iqbalahmed59213 жыл бұрын
Very useful. Thanks
@aaroacademy2 жыл бұрын
Thanks, very informative video it was really helpful
@awilmohamed714910 сағат бұрын
Thnk you teacher how would get ppt
@jitendrajaisingani58812 жыл бұрын
nice explanation thankyou for your efforts
@drasserngolo3057 Жыл бұрын
❤
@jananiraman42882 жыл бұрын
I have a doubt mam is real estate business comes under comes under IAS 16?
@nojibullah33952 жыл бұрын
Hi Silvia, I have a query. We have received a license from one of our prime regulator which is recognised as intangible asset. Total license cost will be made in five installments. Therefore, the intangible asset has been recognised at PV and the rest will be charged as interest with the passage of time. In the second year, we could not pay the installment on time. Due to delay in payment, the regulator will charge some interest/penalty. What should be the accounting treatment of the interest/penalty for delayed payment?
@CPDbox2 жыл бұрын
I would say in profit or loss. You should not capitalize penalties as they are not directly attributable to bringing the asset to its intended location and use. They relate more to your financial discipline that to the asset itself.
@CACMA_PBV3 жыл бұрын
Hai Silvia...This is wonderful video thank you for your summary video. I have mailed you regarding my query regarding financial instruments. Please clarify that
@jayprakashroy77704 ай бұрын
thanks u so much mamm
@muhammadsameer674 Жыл бұрын
How can we do accounting of an assets which fair value is unknown and the company is using the revaluation method. Kindly guide sir.
@CPDbox Жыл бұрын
I would kindly guide you to the standard IFRS 13 Fair Value Measurement, there are some methods to follow when there is no market for an asset. However - the question is whether the company should follow the revaluation model at all, when the fair values are not available.
@muhammadsameer674 Жыл бұрын
@@CPDbox Can you please tell me what if the question provides no data regarding the FV of the specific assets and simply say FV is unknow, what will be the case. Should we follow the cost model for that specific case as the FV for the other assets are available.
@bharatiya073 жыл бұрын
Hello mam Is their any ifrs certification course available on website??
@ahmedgamal39452 жыл бұрын
Hello Silvia. Can an entity stop depreciating an asset if it is idle? ie Buses company during Covid19
@CPDbox2 жыл бұрын
That depends on the depreciation method. If you use units of production method, that is - you depreciate based on number of units produced (by a machine, for example), then it is logical to depreciate zero if you produce zero. However, when you depreciate straight-line, for example building, then it would be difficult to justify zero depreciation during covid, because the building still wears and tears off despite the pandemics. Depreciation should reflect the asset's consumption. As for tax rule - check them in your laws.
@parishykhan44893 жыл бұрын
Please lecture about depression .
@anjoedaviscatholic91433 жыл бұрын
Nicely done!
@diepnguyen42853 жыл бұрын
Thank you so much
@wilmarobles47173 жыл бұрын
Hi Sylvia. I nèed your expert advice. Our company is going office condo unit which is due for completion in 2023. First payment is 30% this year and the 70% upon turnover. Should i already recognize the 100% cost as fixed asset? How about depreciation?
@CPDbox3 жыл бұрын
Hi Wilma, without seeing a contract, I don't know. It depends when the control of partially completed asset transfers to the buyer. If in 2023, then recognize just advances paid. If as you pay, then recognize partially completed PPE.
@wilmarobles47173 жыл бұрын
@@CPDbox thank you , Silvia.
@04014127403 жыл бұрын
What about IBR and disclosure requirements with IFRS 16
@CPDbox3 жыл бұрын
This is a summary of IAS 16, not IFRS 16.
@mohammedismail2353 жыл бұрын
Good job 👍
@user-wx6jt4yo8b3 жыл бұрын
thanks
@gershomngosa6203 Жыл бұрын
Great
@thoughtmagic9023 жыл бұрын
If I subscribe for the IFRS kit, will also be able to ask any IFRS query to you? Can you answer one. Under IAS 38 can first year software license be capitalized along with software development cost even if the license period is 12 months?
@CPDbox3 жыл бұрын
No, you cannot capitalize it, as it expires in one year (i.e. has different useful life than software itself).
@thoughtmagic9023 жыл бұрын
Thanks, can you also reply first part.
@CPDbox3 жыл бұрын
@@thoughtmagic902 I help people if something is not clear inside the IFRS Kit.