Accountant
IFRS and Ind AS questions
158 questions on IFRS and Ind AS for accountants, easiest first.
Easy 39
- The Ind AS standard for leaseseasy
- Who must follow Ind ASeasy
- The Conceptual Framework definition of an asseteasy
- What a complete set of statements includeseasy
- Lessee accounting under IFRS 16easy
- Leasing a few laptopseasy
- The three elements of controleasy
- Holding 25% with a board seateasy
- When a deferred tax liability ariseseasy
- Defining recoverable amounteasy
- How often goodwill is testedeasy
- A customer goes bankrupt after year endeasy
- When a provision is recognisedeasy
- A voluntary change of accounting policyeasy
- Depreciation in the indirect cash flow methodeasy
- When a liability is currenteasy
- The three measurement categories for financial assetseasy
- What the expected credit loss model looks ateasy
- What diluted EPS addseasy
- Is the CFO a related partyeasy
- How operating segments are identifiedeasy
- What IAS 34 coverseasy
- When a government grant is recognisedeasy
- Level 1 of the fair value hierarchyeasy
- Research spending on a new drugeasy
- Identifying investment propertyeasy
- Depreciation on an asset held for saleeasy
- Accounting for a defined contribution planeasy
- Measuring employee share optionseasy
- Spotting a monetary itemeasy
- Who sets IFRS and who notifies Ind ASeasy
- Accounting framework for UAE companieseasy
- The standard replacing IAS 1easy
- Is this deposit a cash equivalenteasy
- Where lease costs appear for a lesseeeasy
- What fair value means under IFRS 13easy
- A lawsuit the company expects to wineasy
- How far ahead going concern lookseasy
- A subsidiary with a different policyeasy
Medium 54
- Restating a USD payablemedium
- Machine bought in dollars on creditmedium
- Lease term with an extension optionmedium
- Choosing the lease discount ratemedium
- Rent that depends on store salesmedium
- Adding a floor to an office leasemedium
- A dividend paid by a subsidiary to its parentmedium
- Due diligence and legal fees on an acquisitionmedium
- An earn-out promised to the sellermedium
- Deferred tax asset on carried-forward lossesmedium
- Which tax rate measures deferred taxmedium
- Deferred tax on a land revaluationmedium
- Reversing a goodwill impairmentmedium
- Cash flows left out of value in usemedium
- Market value below book valuemedium
- Dividend received from an associatemedium
- A contract that will now lose moneymedium
- Costs inside a restructuring provisionmedium
- Functional currency of a Dubai subsidiarymedium
- The opening Ind AS balance sheet datemedium
- New facts about acquired assetsmedium
- Presenting deferred tax in the balance sheetmedium
- When development costs can be capitalisedmedium
- Fair value model for investment property in Indiamedium
- Presenting a grant for buying a machinemedium
- Measuring an asset held for salemedium
- Showing a closed business linemedium
- First-year ESOP expensemedium
- Actuarial loss on a gratuity planmedium
- Strategic shares at fair value through OCImedium
- Processing fees on a term loanmedium
- Expected credit loss on trade receivablesmedium
- Splitting a convertible bondmedium
- Preference shares that must be redeemedmedium
- A free guarantee for a subsidiary’s loanmedium
- Translating a foreign subsidiarymedium
- A machine paid for in eurosmedium
- Fair value of land used as a car parkmedium
- Related party deals on market termsmedium
- Tax expense in a quarterly reportmedium
- Diluted EPS with options outstandingmedium
- Dividend proposed after the year endmedium
- The new income statement categoriesmedium
- Disclosing adjusted profit measuresmedium
- Deferred tax rate for a UAE companymedium
- Deferred tax and global minimum taxmedium
- Rent-free months for a lessormedium
- Lease payments in the cash flow statementmedium
- Disclosing reverse factoringmedium
- A currency that cannot be exchangedmedium
- An associate keeps making lossesmedium
- Joint venture or joint operationmedium
- Discounting deferred taxmedium
- Unwinding a discounted provisionmedium
Hard 65
- The IFRS 15 five-step modelhard
- Allocating a bundled pricehard
- Initial lease liability under IFRS 16hard
- Goodwill on buying 80% of a companyhard
- Unrealised profit on an intra-group salehard
- Revenue with an expected volume rebatehard
- Revenue over time on a contracthard
- Marketplace revenue: principal or agenthard
- Lease liability after the first paymenthard
- Depreciating a right-of-use assethard
- A 10-month equipment leasehard
- Deferred tax from depreciation differenceshard
- NCI share of subsidiary profithard
- Intercompany balances that do not agreehard
- Measuring an impairment losshard
- Bargain purchase gain under Ind AShard
- Recording an upward revaluationhard
- Interest on a factory under constructionhard
- Fixing a material prior-year errorhard
- Basic EPS with a mid-year share issuehard
- Goodwill with NCI at fair valuehard
- Carrying amount of an associatehard
- Contract asset or receivablehard
- Allocating revenue to loyalty pointshard
- Paying a US supplier at a new ratehard
- Depreciation after an impairmenthard
- Deemed cost when moving to Ind AShard
- Rent reset to a higher CPIhard
- Building up the right-of-use asset costhard
- Deferred tax on a warranty provisionhard
- Spreading an impairment across a CGUhard
- Buying control after holding 30%hard
- Selling down from 80% to 20%hard
- Buying out part of the NCIhard
- A machine sold to a subsidiary at a profithard
- Deferred tax on a subsidiary’s retained profitshard
- Deferred tax on a new leasehard
- Impairing a building held at revaluationhard
- A tax position the authority may rejecthard
- How a lessor classifies a leasehard
- Subletting part of a leased officehard
- Selling a building and leasing it backhard
- Renegotiated loan: modify or derecognisehard
- Hedging a future USD purchasehard
- Moving a loan to stage 2hard
- Factoring receivables with recoursehard
- Options with a share price target that is missedhard
- Share appreciation rights paid in cashhard
- Net interest on a gratuity deficithard
- Selling a foreign subsidiaryhard
- Yearly profit effect of an asset granthard
- Write-down when classifying as held for salehard
- When capitalised software starts amortisinghard
- A brand with no foreseeable endhard
- Day-one gain from a valuation modelhard
- Using cost for unquoted shareshard
- Is this segment reportablehard
- Control with a 45% stakehard
- Share warrants that could give controlhard
- Merging two sister companies in Indiahard
- A big dividend from a subsidiaryhard
- Deferred tax on goodwill at acquisitionhard
- A purchase option now likely to be usedhard
- Interest cash flows after IFRS 18hard
- Changing a subsidiary’s functional currencyhard