ICAB AL Corporate Reporting case studies
ICAB AL Corporate Reporting · Put your knowledge to work in context.
ICAB Corporate Reporting is a subject within the Advanced Level of the Chartered Accountancy qualification awarded by The Institute of Chartered Accountants of Bangladesh (ICAB), which describes itself as a National Professional Accounting Body in Bangladesh and as the regulatory body for the profession of accountants. The qualification is aimed at registered CA students who have progressed through the Certificate and Professional Levels and are preparing for the Advanced Level examinations, and it is also relevant to members and practitioners who report under international standards, given ICAB's listed affiliations with the IFRS Foundation, IASB, IFAC, CAPA and SAFA. The ICAB AL Corporate Reporting case studies are 5 cases and about 2,902 words.
1Revenue Recognition on a Multi-Element Software Contract
Brightline Systems signs a three-year contract with a client for a bundled package: an on-premises licence (standalone selling price BDT 4.0m), two years of maintenance (SSP BDT 1.2m), and a cloud hosting service for three years (SSP BDT 1.8m). Total consideration is BDT 6.2m, payable BDT 3.0m upfront and the balance in equal annual instalments starting in year two.
568 words, about 3 min2Goodwill Impairment and Cash-Generating Unit Allocation
Harbour Group acquired a subsidiary two years ago, recognising goodwill of BDT 900m. The subsidiary is not a separate cash-generating unit (CGU); it is part of a larger CGU, the 'Coastal Division', with carrying amount BDT 3,400m including allocated goodwill of BDT 600m.
555 words, about 3 min3Lease Classification and Sale-and-Leaseback Judgement
Meridian sells a warehouse to a bank for BDT 50m cash and leases it back for 15 years. The warehouse's fair value is BDT 50m and its carrying amount is BDT 38m.
577 words, about 3 min4Deferred Tax on Revaluation and Unremitted Overseas Earnings
Delta plc revalues its head office building upward by BDT 200m; the building is depreciated for accounting but tax depreciation is based on original cost. The tax base of the building is BDT 60m lower than its carrying amount after revaluation.
610 words, about 3 min5Hyperinflationary Subsidiary and Foreign Currency Translation
Global plc owns a subsidiary in a country whose cumulative three-year inflation rate is 140%, and the currency is deemed hyperinflationary. The subsidiary's functional currency is the local currency.
592 words, about 3 min