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IFRS 69 Accounting For Girlfriends
IFRS 69 Accounting For Girlfriends
Objective:
The objective of IFRS 69 is to prescribe the accounting treatment for Girl friends. The
principal issues are the timing of recognition of a female friend as a girl friend, the no. of
days the relationship can be carried on and any write down in this romantic relationship.
It also provides guidance on the methods to be employed to make GF.
Scope:
This IAS applies to all GF’s except those whose father, brother, ex-boyfriends or
prospective boyfriends are working in police, army, intelligence agencies or political
organizations or 6+ feet tall, have muscular body and know kung fu, judo or any other
marshal art.
Definitions:
The following terms are used in this Standard with the meanings specified:
LOVE is a serious mental disease, mostly found in old Indian movies, dramas and Urdu
literature.
FLIRTING is the modern form of love; this disease came from Hollywood movies, new
Indian movies, internet, mobile phones, and English literature.
GIRL FRIEND is a current asset as a result of past efforts that is probable to generate
future dates, physical contact and gifts. If not properly handled may become long-term
liability i.e. wife.
BOYFRIEND-SPECIFIC VALUE is the present value of the future dates that a boyfriend
expects to realize from continuing use of the GF over its useful life and from its disposal
to his another friend at the end of the flirting term
-from your first conversation till the time the GF father catches you
-from the time of your first date till your GF get married with another person ,in which
case she will become your ex-GF.
-from the time of your first date till you get married with your GF, afterward it will
become a suffering term.
RECOGNITION
(a) it is probable that future physical benefits associated with the girlfriend will flow to
the boyfriend,
(c) the expenditures to be incurred (e.g. in respect of gifts, cards etc ) can be measured
reliably
Female Cousins, younger sisters, and other female friends associated with the girlfriend
should not be recognized. However, beautiful and bold ones should be declared in the
flirting statement if and only if it is probable that they are expected to result in
prospective girlfriends.
All the following factors shall be considered in determining the useful life of a GF:
(b) Expected “physical” wear and tear, which depends on “operational” factors such as
the number of “shifts” the GF is to be used.
DERECOGNITION
DISCLOSURE
• age of GF
• any “special” benefits that may have been derived from the GF
B) A reliable estimate of the boy friend regarding no. of expected GFs for each
class of GF.