Project Accounting

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Project Accounting


IFRS Technical opinions

Providing specialist accounting advice on areas of accounting complexity is what ACS is known for.

Some of the common accounting complexities arise as a result of the following events:

  • Mergers and acquisitions
  • Group restructures
  • Share-based payments (in particular employee share options)
  • Loans with clauses that include the ability to convert into shares (“convertible notes”)
  • Impairment testing (goodwill and wider cash generating units)
  • Treatment of joint arrangements
  • Cost allocation for investment property
  • New accounting standards relating to revenue (IFRS 15), leases (IFRS 16), and financial instruments (IFRS 9).

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