Just found your channel and it is helping soooo much. I let my colleagues who are writing exams with me know to check it out!! This is going to make revision of pre-grad work go so much faster :-)
9:29 If the asset was previously revalued, then the impairment of that asset is debited to the revaluation surplus to decrease the revaluation reserve. What if the impairment loss is larger than the revaluation surplus, should I debit the excess amount back to P&L? For example, if the impairment loss is $100 and the revaluation surplus is $80, should I debit the excess of $20 to P&L?
The recognition of an intangible asset as future economic benefits, I'm assuming, is the Net Present Value of future cashflows generated from said asset, discounted at a discount rate in line with required rate of returns.
Professional presentation, must continuum with how will do the continuum measurement of the Intangible Value Flow every day like the tangible flow posting in Tangible Accounting, so we need the Intangible Accounting extension
Internally generated Brands, customer titles , publishing titles and similar assets are not recognised as intangible assets right? But you included them under the head internally generated intangible assets.
Hello, Krisztina, I did not say that IAS 38 applied since 70s. I said that the first rules about intangibles applied since 70s - that's true because IAS 9 (accounting for R&D activities) was issued. IAS 38 was issued in 1998 and significantly refurbished in 2004. Best, S.
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Very much useful, Thank You Silvia, Greetings from India(Kerala)!!
This comes right on time! Have in a couple of days my group accounting & ifrs exam and this helps a lot to understand IAS 38,
Thanks a lot!
Aren’t you a lawyer
Just found your channel and it is helping soooo much. I let my colleagues who are writing exams with me know to check it out!! This is going to make revision of pre-grad work go so much faster :-)
You have done a wonderful job, Kudos to your great content
What counts as allocated costs in the initial measurement when generating an internal intangible asset?
Please also help us understand IAS 23 Borrowing Costs...that standard is missing from your videos
#Zahra Borrowing cost ( IAS 23) is too simpler as compared to IAS 38.
the PIRATE is useful! Thanks!
Thanks for this initiative. It makes my accounting learning very easy and comfortable.
Sylvia you are the best there ever was ...well explained to the dot ..thank you
A great thanks Silvia. your every IFRS video is very much helpful.
Thank you , Silvia. Greetings from Germany!
You are an amazing tutor ❤❤❤ carry on the amazing work
Hi Please can you post a video on the standard IAS 23, I desperatly need it. Thanks for all of your work btw, it's clear and very helpful.
PIRATE is genius WOW !!!!!
big take away
THANKS
9:29 If the asset was previously revalued, then the impairment of that asset is debited to the revaluation surplus to decrease the revaluation reserve. What if the impairment loss is larger than the revaluation surplus, should I debit the excess amount back to P&L? For example, if the impairment loss is $100 and the revaluation surplus is $80, should I debit the excess of $20 to P&L?
Yes.
Shouldn't it be debitted to Other Comprehensive Income Statement?
@@syedbilal2407 that is what p&l is
The recognition of an intangible asset as future economic benefits, I'm assuming, is the Net Present Value of future cashflows generated from said asset, discounted at a discount rate in line with required rate of returns.
Professional presentation, must continuum with how will do the continuum measurement of the Intangible Value Flow every day like the tangible flow posting in Tangible Accounting, so we need the Intangible Accounting extension
Thanks ma'am you have made it easy for us✨
Thank you Silvia .it is very helpful for me thank you again
This was very helpful, how can i get in touch with you when i need help with Financial accounting in general?
The best is on my website www.cpdbox.com
Very educative and keep simple
Excellent presentation,tks a lot
thank you Silvia - very helpful!
You are the best thanks 😊
I need an explanation on the board in the form of pdf . thanks for you
You're amazing. Thanks
how about people who sell a cow. does the cow its count as an asset or another classification ?
Very helpful for revision.
what treatment of preliminary expenses as per indian accounting standard 38
Superb explanation
You are beautiful and your lectures are perfect
Great summary ❤️
best tutor
Internally generated Brands, customer titles , publishing titles and similar assets are not recognised as intangible assets right? But you included them under the head internally generated intangible assets.
Because they are internally generated intangible assets which do not meet the recognition criteria.
From Brazil!
This is awesome!!!!
God bless you
Helpful
Hello Silvia, Are you sure IAS 38 is since 70' applied? I see in every book since 1998 exists. KR. Krisztina
Hello, Krisztina, I did not say that IAS 38 applied since 70s. I said that the first rules about intangibles applied since 70s - that's true because IAS 9 (accounting for R&D activities) was issued. IAS 38 was issued in 1998 and significantly refurbished in 2004. Best, S.
@@CPDbox Thank you Silvia😊
You’re the best ❤️
thanku..really helpful
thank you
is pirate still applicable?
Amazing
Thnks alot ...
❤❤
you r greatttttttttttttttttttt
Om shanti ke
Om shanti de I
I
Crypto is currency get over it.
No, it is not. I have just published the new video on this channel that explains why.
I own nfts
Thnks alot ...
Om shanti de I