Our latest IFRS News contains some information about
uncertainty in income tax accounting, demistifying IFRS 9, the leases lab, the IFRS 15 mole and more.
Article 50 triggers uncertainty in income tax accounting
John Chan, IAS 12 specialist, explains the deferred tax implications of article 50.
Demystifying IFRS 9
IFRS 9 expected credit loss model 2. Emma Edelshein, Financial Instruments Director, explains more on expected credit losses in IFRS 9
The Leases Lab
IFRS 16 contains new guidance on separating lease components from other lease components to be considered by both lessees and lessors. Can Professor Lee Singh and his assistant Derek Carmichael help you separate the truth from the fiction? Let’s Experiment!
Scene 1, Take 1: Demistifying IFRS 9 for Corporates
Nitassha Somai, Financial instruments expert takes us through the first in the series of demystifying IFRS 9 for corporates.
The IFRS 15 Mole
PwC revenue specialists and the IFRS 15 Mole investigate how to identify a principal or an agent in a revenue transaction
Suspects: Accounting as principal or as agent
Incident description: There are many arrangements in which two or more unrelated parties are involved in providing a specified good or Service to a customer. IFRS 15 requires an entity to determine whether it is the principal or the agent.
Cannon Street Press
- Board’s Primary Financial Statement Project
- The Conceptual Framework for Financial Reporting
- Financial Instruments with Characteristics of Equity
IFRIC Rejections Supplement – IAS 32
Helen Wise of Accounting Consulting Services examines the practical implications of IC rejections related to IAS 32.
Read the latest issue on IFRS News from March 2017
In brief – A look at current
financial reporting issues
- FASB Changes made to premium amortization period on callable debt securities:
PwC In brief US2017-12
- Brexit – income tax accounting implications:
PwC In brief US2017-11
- FASB proposal would align the accounting for all share-based payment awards:
PwC In brief US2017-10