Accounting for Girl Friends


OBJECTIVE: The objective of IFRS 69 is to prescribe the accounting treatments for Girl for Friends The principal issues are the timing of recognition of a female friend as a girl friend, the number 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.


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 kung fu, judo or any other marshal art.


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.

MARRIAGE is a long term liability as a result of PAST events that is expected to be settled by increasing the population, decreasing the health and money.

GIRL FRIEND is a current asset as a result of past efforts that is probable to generate future dates, and gifts.

BOY FRIEND-SPECIFIC VALUE is the present value of the future dates that a boy friend 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.

FLIRTING TERM is the higher of the following:

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.


A girl shall be recognized as a girl friend if, and only if:

It is probable that future benefits associated with the girl friend will flow to the boy friend,

No possibility of GF becoming a long term liability (wife) exists and

The expenditures to be incurred ( e.g. in respect of gifts, cards etc )

Female cousins, younger sisters and other female friends associated with the girl friend 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;

Expected “usage” of the girlfriend.

Technical or commercial obsolescence arising from changes in fashion or “service output” of the GF.

LEGAL” or similar limits on the “use” of the GF.


The Girl Friend shall be derecognized:

At the end of the useful life of GF or flirting term whichever is earlier,

When no future benefits are expected from her or her disposal only

When remote possibility of GF becoming long term liability occurs.


The flirting statement shall disclose, for each “class” of GF:

Total number of Girl friends with:

Age of GF

Complexion, face cut

The useful life of each GF

Email address, residential address and mobile number of each GF

Any “ special” benefits that may have been derived from the GF

A reliable estimate of the boy friend regarding no. of expected GF’s for each class of GF

A reliable estimate of expenditures to be incurred (e.g. in respect of gifts, cards etc.) for each class of GF.

BOYFRIEND-SPECIFIC VALUE with respect to each class of GF.

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