Consensus Reached

Consensus No. Description Download
FRSIC Consensus 1 Determination of Substantively Enacted Tax Rate for Year of Assessment 2008 and Thereafter
FRSIC Consensus 2 Applicable Accounting Standards for MSC Status Company
FRSIC Consensus 3 Is Fixed Deposit Held on Lien for Bank Guarantee Facilities a Cash and Cash Equivalent?
FRSIC Consensus 4 Accounting treatment for impairment of goodwill in situation where court approval has been obtained to write it off against reserve
FRSIC Consensus 5 Split of the minimum lease payments between the land and the building elements
FRSIC Consensus 6 Accounting for premium paid for transfer of listing status in a reverse takeover scenario (acquisition of the listing status of a company that was not itself a going concern)
FRSIC Consensus 7 Accounting treatment for granting of ESOS by parent company to subsidiary's employees and subsequent recharge by the parent
FRSIC Consensus 8 Revenue recognition for shipping freight services companies
FRSIC Consensus 9 Accounting for rights issue with free warrants
FRSIC Consensus 10 How to compute the majority of the benefits and risks of Special Purpose Entity (SPE) and what constitutes the residual interest in the case where there are different tranches of risks?
FRSIC Consensus 11 When a company changes the measurement basis for its assets which warrants a Prior Year Adjustment, should the related depreciation charges be adjusted retrospectively based on the Revised Definition of Residual Value in accordance with FRS 116?
FRSIC Consensus 12 Sustainable Forest Management Concession Arrangements.
FRSIC Consensus 13 Expenses Permitted to be Written Off Against the Share Premium Account under Section 60 of the Companies Act, 1965.
FRSIC Consensus 14 Impairment of Investment in Equity Instrument Categorised as Available-for-Sale Financial Asset due to "Significant or Prolonged" Decline in Fair Value
FRSIC Consensus 15 Classification of a Term Loan that Contains a Repayment on Demand Clause by the Borrower
FRSIC Consensus 16 Distribution Equalisation in Unit Trust Funds
FRSIC Consensus 17 Development of Affordable Housing
See also
Upcoming Working Group meeting
Issues undertaken by Industry Task Force
Submission of issue
Consensus reached
 
         
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