MTW European Type Trapezium Mill
Input size:30-50mm
Capacity: 3-50t/h
LM Vertical Roller Mill
Input size:38-65mm
Capacity: 13-70t/h
Raymond Mill
Input size:20-30mm
Capacity: 0.8-9.5t/h
Sand powder vertical mill
Input size:30-55mm
Capacity: 30-900t/h
LUM series superfine vertical roller grinding mill
Input size:10-20mm
Capacity: 5-18t/h
MW Micro Powder Mill
Input size:≤20mm
Capacity: 0.5-12t/h
LM Vertical Slag Mill
Input size:38-65mm
Capacity: 7-100t/h
LM Vertical Coal Mill
Input size:≤50mm
Capacity: 5-100t/h
TGM Trapezium Mill
Input size:25-40mm
Capacity: 3-36t/h
MB5X Pendulum Roller Grinding Mill
Input size:25-55mm
Capacity: 4-100t/h
Straight-Through Centrifugal Mill
Input size:30-40mm
Capacity: 15-45t/h
How should the calcite mine contract payment be accounted for
Mining sector Clearly IFRS Deloitte United States
At present, provisional pricing features are typically accounted for as ‘embedded derivatives’ in accordance with applicable guidance on accounting for financial instruments (IAS 39), such that the open contracts are fair valued, typically using the forward curve for that commodity As a Streaming arrangements are typically accounted for as either sales of the commodity (which would be contract with a customer, accounted for under IFRS 15), a financial liability in Insights into Mining KPMG2020年6月29日 ASC 606102512 specifies that an entity should account for a contract modification as a separate contract if both of the following criteria are met: The modification Revenue Recognition — Contract Modifications (June 29, 2020)The new revenue standard applies to contracts with customers and does not exclude extractive activities from its scope Mining entities will need to use judgement as they evaluate whether In depth A look at current financial reporting issues PwC
IFRS for mining KPMG
There are a number of changes to lease accounting applying the requirements of IFRS 16, those resulting in specific implementation issues for the mining industry are covered within this in a contract should be accounted for and presented on a net basis, as either a contract asset or a contract liability The boards noted that the rights and obligations in a contract with a customer AP7: Presentation of a contract as a contract asset or a IFRSFrom 2019, leases will be accounted for as if the lessee had borrowed funds to purchase an interest in the leased asset To the extent that operating leases are brought onbalance sheet, Insights into Mining KPMGThere are many different types of contracts with customers that require a detailed analysis in order to determine the appropriate accounting treatment under IFRS 15IFRS 15 Revenue recognition under mineral streaming agreements
Mining Industry Task Force on IFRS Standards CPA Canada
IFRS 16, Leases is the new standard that sets out the principles for the recognition, measurement, presentation and disclosure of leases This Viewpoint considers some key Contract modifications are accounted for as either a separate contract or as part of the existing contract, depending on the nature of the modification, as summarized in Figure RR 23 Refer 29 Contract modifications Viewpointbecomes effective In particular, which costs should be considered in assessing whether a contract is onerous under IAS 37 The Committee discussed how the term ‘unavoidable costs’ should be interpreted ie which costs should be taken into account when assessing whether a contract is onerous, ieHow to account for onerous contracts when adopting IFRS 15?Now, let me tackle what “smart contract” actually is It has nothing to do with the “contract” as defined under IFRS 15 (=agreement between an entity and a customer) The smart contract with respect to cryptocurrencies is simply a How to Account for Cryptocurrencies in line with IFRS
Property, plant and equipment ACCA Global
Part 3: Summary and detailed examples This is the final article in the series of three which consider the accounting for property, plant and equipment by applying IAS ® 16, Property, Plant and EquipmentThis is a particularly important area of the Financial Reporting (FR) syllabus and is also important assumed knowledge for the Strategic Business Reporting (SBR) examreceived are to be accounted for under MFRS 15 as a contract liability (commonly known as deferred revenue) Others If the cryptocurrency issued does not fall into any of the above categories, the issuer should apply the requirements of MFRS 108 in developing its own accounting policy that provides users of financial statements with the mostHow should cryptocurrencies be accounted for in the financial 2021年8月9日 When on PCP, a £1,500 deposit, then 48 monthly payments of £15049 I know this has been asked before but the answers always seem You must decide whether that's the case, and if so, the standard is clear about how the contract should be accounted for Some of my esteemed colleagues here appear to be going on what they think is PCP Accounting Treatment AccountingWEB2018年12月10日 Our partnership makes guaranteed payments to the partners, but occasionally we choose to defer those payments when capital is needed elsewhere We want to track "guaranteed payments owed", but I'm not clear what the best approach is for this Here's what I've got so far: We've created an "other current liability" account for each partner to reflect How should we account for guaranteed payments owed to the
How the New Lease Standard Affects CAM Accounting
2018年6月26日 The contract includes CAM, which is limited to cleaning the front lobby The total contract consideration is $600,000, payable $200,000 per year Each of the three offices meets the criteria to be a separate lease component The nonlease CAM is accounted for separately from the lease components2020年8月21日 practical expedient does not specify how the rent concession should be accounted for other than that the lessee should account for the rent concession ‘the same way it would account for the change applying IFRS 16 if the change were not a lease modification’ACCOUNTING FOR RENT CONCESSIONS: LESSEE FAQs BDO 2020年1月30日 If the counterparty is a customer, paragraph 606103225 is clear that the payment should be recorded as a reduction of revenue, unless the payment to the customer is in exchange for a distinct good or service If that payment relates entirely to the current contract with the customer, Topic 606 is clear on how the payment would be recognizedQuestion 43: How should an entity account for upfront payments 2023年10月6日 To be accounted for under IFRS 15, a contract must meet the criteria set out in IFRS 159: Both parties have approved the contract and are committed to performing their respective obligations The rights of each party concerning the goods or services to be delivered can be identified by the entityIdentifying a Contract with a Customer (IFRS 15)
How to Account for Compound Financial Instruments
If the value of liability+ equity exceeds or is less than the proceeds from the compound instrument, how should the difference be accounted for? Should we adjust the same in the liability component or apply the principles of IAS 39 Insurance Contracts IFRS 17 is the first comprehensive international standard which provides guidance on accounting for insurance contracts IFRS 17 replaces IFRS 4, Insurance Contracts, which was in the nature of an interim standard pending the completion of the project on insurance contracts by the IASB BackgroundIFRS Notes The IASB issues IFRS 17, Insurance Contracts KPMGACCA would not agree that cryptocurrency should be accounted for as a financial asset at fair value through profit or loss As noted above, cryptocurrency cannot represent cash; nor can it be equity in an entity, or a contract that creates a right or obligation to deliver or receive cash or another financial instrument in settlementTechnical factsheet Accounting for cryptocurrencies ACCA GlobalThe original rightofuse asset should be derecognized in accordance with the salestype lease/direct financing lease derecognition guidance in ASC 84230401 (see LG 57) and the original lease liability should be accounted for based on the accounting for a lease liability in a finance lease (see LG 4)Note that since the sublease met one of the conditions for a sales 82 Accounting for subleases Viewpoint
Accounting for goodwill ACCA Global
Calculate the amount of deferred consideration to be recognised at 31 March 20X6 and explain how the unwinding of any discount should be accounted for Answer The goodwill calculation would include deferred consideration of $188,679 being $200,000 x 1/106 1 that reconciles the contracts in progress and contracts completed during the year to the statement of income; • a contract in progress schedule and completed contracts schedule that illustrate the contract revenues, costs, and gross profits by project for the Accounting Standard accounting period; • explanation of significant contractHOW NEW IRS RULES AFFECT CONSTRUCTION ACCOUNTING 2024年10月12日 Seller Perspective From the perspective of the seller, a prepayment is recorded as a credit to a liability account for prepayments, and a debit to the cash account When the prepaid customer order is eventually shipped, the prepayment account is debited and the relevant revenue account is credited There tend to be few prepayments, so these items are How to account for prepayments — AccountingToolsI think it should be 180%, but others say it should be original discount rate which is 2% The difference, others say, would be taken to PPE Cost 2) What happens when your adjustment due to changes in estimate requires a reduction in Assets which is greater than the NBV of the Asset?How to Account for Decommissioning Provision under IFRS
When should payment be accounted for, on receipt or on
2012年2月27日 When a seller receives payment from a customer in advance of performance, it recognises a liability equal to the amount received, representing its obligation under the contract When the seller obtains the right to consideration through its performance, that liability is reduced and the amount of the reduction in the liability is simultaneously reported as revenue2023年3月2日 There are several types of asset which can arise from contracts accounted for in accordance with IFRS 15, including contract assets, assets in relation to costs to obtain or fulfil a contract, or ‘payment to customer’ assets There is a common misconception that all of these assets represent ‘contract assets’Longterm contract accounting – common mistakes Viewpointinto smaller “in substance” accounting contracts; • Payment terms –when the application of the contract boundary principle overrides the form of a contract, different payment terms would trigger different accounting; and • Coverage obligations –they do not always start with issue date or the coverage period does not necessarily equateAccounting for cancellation rights, payment terms and coverage 2023年11月29日 IFRS 15 specifies how and when an IFRS reporter will recognise revenue as well as requiring such entities to provide users of financial statements with more informative, relevant disclosures The standard provides a single, principles based fivestep model to be applied to all contracts with customers IFRS 15 was issued in May 2014 and applies to an IFRS 15 — Revenue from Contracts with Customers IAS Plus
quiz ch 18a Flashcards Quizlet
Study with Quizlet and memorize flashcards containing terms like The converged standard on revenue recognition a simplify revenue recognition practices across entities and industries b reduces the number of disclosures required for revenue reporting c recognizes and measures revenue based on changes in assets and liabilities d increases the complexity of financial received are to be accounted for under MFRS 15 as a contract liability (commonly known as deferred revenue) Others If the cryptocurrency issued does not fall into any of the above categories, the issuer should apply the requirements of MFRS 108 in developing its own accounting policy that provides users of financial statements with the mostHow should cryptocurrencies be accounted for in the financial 1 January 20X7 with Diary, another entity The contract allows Calendar to use a specific aircraft owned by Diary for a period of three years Calendar is required to make annual payments On 1 January 20X7, costs were incurred negotiating the contract The first annual payment was made on 31 December 20X7Paper SBR – INT ACCA GlobalStudy with Quizlet and memorize flashcards containing terms like Encumbrance accounting is only typically used for: Permanent Funds Debt Service Funds Capital Projects Funds None of the choices are correct, Which of the following funds typically record budgets? a General Funds and permanent funds b General Funds, special revenue funds, capital projects, debt service, acc 407 ch 5 Flashcards Quizlet
Lease modifications extending the lease term IAS Plus
access – the modification is not accounted for as a separate lease Instead, the modification is accounted for at the effective date of the lease modification, which is the date when both parties agree to a lease modification (IFRS 1645) See example 3 Example 3 Extending a lease: when should the additional RoU asset and leaseor payment in advance) Under this same scenario in the new revenue standard, an entity would recognize a contract liability As another example, an entity with a in a contract should be accounted for and presented on a net basis, as either a contract asset or a contract liabilityAP7: Presentation of a contract as a contract asset or a IFRS2021年2月9日 As the remaining shares held by NCI are considered to have been acquired at the date of acquisition, the acquirer is considered having already acquired 100% of the acquiree shares and as such, no NCI should be recognised; contracts that are in substance arrangements to purchase NCI shares at a future date after the acquiring entity gains IFRS 3 acquisition method Grant Thornton insightsHere is a contract between two companies, and also a Bank Guarantee of 20 million is needed for it, therefore bank separated the amount from our bank account as Bank Guarantee Now, how should we threat the guarantee amount, should it be under the Current assets or Fixed asset (contract duration will be 1 year or more than one year)How to account for financial guarantees under IFRS 9?
Accounting For Lease Contract Changes Under IFRS
2021年3月30日 Lessee Accounting: Changes Based On A Clause In The Original Contract A reassessment is necessary when the change is based on a clause in the original contract Let’s say the contract states that annual rental 2024年6月19日 This contract must be accounted for now, when it is signed, and again on the date when the physical exchange takes place For example, suppose a seller agrees to sell grain to a buyer in 3 months for $12,000, but How to Account for Forward Contracts: StepbyStep Study with Quizlet and memorize flashcards containing terms like When multiple performance obligations exist in a contract, they should be accounted for as a single performance obligation when a each service is interdependent and interrelated b both performance obligations are distinct but interdependent c the product is distinct within the contract d determination cannot ACCT 212 EXAM 4 Flashcards Quizletapproved under the contract modifications guidance Once approved, the contractor will need to determine whether the change order should be accounted for as a separate contract or as part of the existing contract An unpriced change order is not usually accounted for as a separate contract based on the following:New revenue guidance PwC
24 Separating lease and nonlease components Viewpoint
The allocation shall be on the same basis as the initial allocation of the consideration in the contract or the most recent modification not accounted for as a separate contract unless the variable payment meets the criteria in paragraph 606103240 to be allocated only to the nonlease component(s)iv IFRS 15 Revenue from Contracts with Customers — Your Questions Answered 4 Identifying Performance Obligations 13 How should an entity determine whether a promise is a distinct performance obligation and should be accounted for separately or whether it should be bundled with other promises to be included in the application of the remainingIFRS 15 Revenue from Contracts with Customers IAS Plus2020年6月14日 Indian Accounting Standard Ind AS 19 prescribes the accounting practices to be followed for employee benefits reporting by companies and how the obligations should be accounted for TABLE OF CONTENTS Basic Accounting Principles under Ind AS 19 Accounting for Short Term Employee Benefits Example of accounting for Short Term Employee BenefitsAccounting under Ind AS 19 with ExamplesThe following example, taken from Illustrative Example 29 that accompanies IFRS 15, illustrates how a significant financing component in a contract with a customer is accounted for under IFRS 15 where the entity receives payment in advance of Accounting for a significant financing component in a contract
Chapter 18 Multiple Choice Flashcards Quizlet
Study with Quizlet and memorize flashcards containing terms like To address inconsistencies and weaknesses in revenue recognition, a comprehensive revenue recognition standard was developed entitled the a Principlebased Revenue Accounting b Revenue from Contracts with Customers c Rulesbased Revenue Accounting d Revenue Recognition Principle, The first 2024年2月6日 Entities might enter into forward contracts or options for purchasing investment property Contracts to buy a nonfinancial asset (such as property) that are entered into for the purposes of receipt of that nonfinancial asset, and that cannot be settled net in cash or another financial instrument, are outside the scope of IFRS 9 [IAS 32 para 8] Since the contract will 242 Accounting for forward contracts and options to