Related resources
Replies (3)
Please login or register to join the discussion.
Define reasonable.
Sir Richard Branson has a ski chalet in Verbier Switzerland.
Open for business .
£120,000 per week
8 rooms
Caveat..... bring your own Beluga
Some may find the above reasonable.
No disrespect.. but do you actually know what you're doing? IFRS reporting isn't just a matter of a few presentational differences from UK GAAP.
For example, under IFRS16, substantially all leases have to be brought onto the balance sheet - and lease accounting isn't the same as we're used to under UK GAAP. There are many more differences depending on the circumstances of your client.
If you would like to discuss, send a PM.
Yes I agree with you but in this case the client is sending a TB under IFRS. I don't need to convert from UK GAAP to IFRS.
Secondly it is straight forward as it is an IT company with few invoices and costs. No assets not even a laptop.
Even if it was under UK GAAP the only area of concern would be revenue recognition.
Furthermore, it is being audited which I will deal with on behalf of the client.
Certainly, if it was a UK large company then would run a mile. It is just I don't want to lose this particularly client.
Appreciate the offer to discuss further.