2024 Concession intangible assets

Concession intangible assets

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August undefined, 2024

WebLong-lived assets, intangible asset and goodwill As a result of the effects of the pandemic, many entities may have indicators that the carrying amount of their long-lived assets, intangible assets and goodwill may not be recoverable and so the assets need to be tested for impairment. When testing for impairment of long-lived assets (e.g. property, WebCertain intangible assets. Tax basis may differ from the book carrying value of certain intangible assets (e.g., trade names or customer relationships) given differences in cost recovery periods between accounting and tax, or simply the existence of an intangible asset that is recognized for book purposes but does not have a corresponding ...

Concession: Meaning of the Fee an Underwriter Receives

WebIFRIC 12 Service Concession ArrangementsConcession ArrangementsConcession Arrangements. Concession Arrangements. lessor. IFRS 15 Revenue from Contracts with Customers. IAS 38 Intangible Assets. lessee. leases. paragraph 3\⠀攀尩. paragraphs B3⁠–⁠B8. lessee. paragraphs 22⁠–⁠49. short-term leases. leases. underlying asset ... WebIFRIC Draft Interpretation D14 Service Concession Arrangements—The Intangible Asset Model is published by the International Accounting Standards Board (IASB) for comment only. Comments on the draft Interpretation should be submitted in writing so as to be received by 3 May 2005. register for junior rugby league

IFRS 16 – 2024 Issued IFRS Standards (Part A)

Web(a) a financial asset, or (b) an intangible asset. The operator shall recognise a financial asset to the extent that it has an unconditional contractual right to receive cash or another financial asset from or at the direction of the grantor for the construction services; the … WebService Concession Arrangements: Disclosures . 132 Dec 2024 Intangible Assets – Web Site Costs ; 1003 May 2024 Australian Petroleum Resource Rent Tax. 1. 1019 May 2024 The Superannuation Contributions Surcharge. 1. 1030 Dec 2013 Depreciation of Long-Lived Physical Assets: Condition-Based . WebApr 24, 2024 · What Is a Concession? A concession—also known as a selling concession—is the compensation a selling group receives as part of a stock or bond underwriting agreement. The calculation of ... pro bono litigation lawyers

How to Deal with Intangible Assets During an Audit - dummies

Web(k) IPSAS 31, ―Intangible Assets‖. IN3. This Standard requires the grantor to recognize assets used in service concession arrangements as service concession assets when specified conditions for recognition are met and to recognize certain liabilities and expenses associated with the service concession arrangement. WebA service concession arrangement generally involves the grantor conveying for the period of the concession to the operator: (a) the right to provide services that give the public access to major economic and social facilities, and (b) in some cases, the right to use specified tangible assets, intangible assets, or financial assets, pro-bono low fee plumbing services vaWeb(e) Recognition and initial measurement of service concession assets that are within the scope of IPSAS 32, Service Concession Assets: Grantor. However, this Standard applies to the subsequent measurement and disclosure of such assets. 7. Some intangible assets may be contained in or on a physical substance such as pro bono legal services tacoma wa

"WebIntangible asset 26 IAS 38 applies to the intangible asset recognised in accordance with paragraphs 17 and 18. Paragraphs 45– 47 of IAS 38 provide guidance on measuring intangible assets acquired in exchange for a non‑monetary asset or assets or a combination of monetary and non‑monetary assets. Items provided to the operator by … " - Concession intangible assets

Concession intangible assets

What Are Intangible Assets? Examples and How to Value

WebAug 1, 2008 · Synopsis. A service concession arrangement is an arrangement where a government or other body grants a contract for the supply of public services to a private operator. IFRIC 12 identified two types of service concession arrangements: One in which the operator has a contractual right to receive cash or another financial asset from the … Webare within the scope of IPSAS 32, Service Concession Assets: Grantor. However, this Standard applies to the subsequent measurement and disclosure of such assets; and (f) …

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Web18 If the operator is paid for the construction services partly by a financial asset and partly by an intangible asset it is necessary to account separately for each component of the operator’s consideration. The consideration received or receivable for both components shall be recognised initially in accordance with HKFRS 15. Webtreatment for an intangible asset IAS 38 applies to any intangible asset recognized under IFRIC 12. IAS 38 will typically require that intangible asset to be measured using the …

WebConcession Inventory means commercially useable and resalable food, beverage ( including, to the extent permitted by applicable Law, alcoholic and non -alcoholic), candy … WebApr 4, 2024 · Using, marketing, selling, licensing and distributing the intangible asset. Supplying, receiving or forbearing of an intangible asset covered by certain section 6 definitions of a royalty. Exploiting another intangible asset that is a right in respect of, or an interest in, the intangible asset. Doing anything else in respect of the intangible ...

WebApr 6, 2024 · service concession arrangements within the scope of Appendix D, Service Concession Arrangements, of Ind AS 115, ... Intangible Assets. Ind AS 116 excludes from its scope rights held by a lessee under licensing agreements within the scope of Ind AS 38 Intangible Assets for such items as motion picture films, video recordings, plays, … WebDec 1, 2024 · Intangible assets (IAS 38) Provisions, contingent liabilities and contingent assets (IAS 37) Interim financial reporting (IAS 34) Related party disclosures (IAS 24) Inventories (IAS 2) Revenue from contracts with customers (IFRS 15) Investment entities (IFRS 10) Separate financial statements (IAS 27) Investment property (IAS 40)

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WebConcession Assets means and includes all tangible and intangible assets of the Concession Assets Project Site, the Project Expressway, the Toll Plazas and the … register for learners permit massWebNov 5, 2009 · Background. During 2011, the IFRS Interpretations Committee considered a constituent request to clarify the meaning of the term 'consumption of the expected future economic benefits embodied in the asset' when determining the appropriate amortisation method for intangible assets under IAS 38 Intangible Assets.The specific request … pro bono liability lawyers near meWebNov 30, 2006 · The service concession arrangement often gives the Concession Operator the right to use specified tangible assets, intangible assets, and/or financial assets, in … pro bono litigation lawyers near meWebDec 29, 2024 · A concession agreement is a contract that gives a company the right to operate a specific business within a government's jurisdiction or on another firm's property, subject to particular terms ... register for llc wisconsinWebSIC-29 prescribes the information that should be disclosed in the notes to the financial statements of a concession operator and a concession provider when the two parties are joined by a service concession arrangement. ... SIC-32 — Intangible Assets – Web Site Costs; SIC-33 — Consolidation and Equity Method – Potential Voting Rights ... pro bono marriage counselingWebMar 17, 2024 · The concession agreement is a cooperation between the public and private sectors. In this agreement, a private sector entity is responsible for the financing, operation, and maintenance of an asset … pro bono medical lawyersWebArrangements – The Financial Asset Model and D14 Service Concession Arrangements – The Intangible Asset Model. Determining the accounting model The staff presented an analysis of the circumstances in which an operator's asset would meet the definition of a financial asset contained in IAS 32 Financial Instruments: Presentation. pro bono malpractice lawyers near me