Our latest IFRS News contains some information about
solving carve-outs, IFRS 8 ED, demistifying IFRS 9 for corporates,
IFRIC rejections, the leases lab and more.
Solving the mystery of carve-out
Rich Jones, divestment specialist, explains what carve-out financial statements are and what they may be used for.
The Leases Lab
The lease term is key when calculating the lease liability. Professor Lee Singh and his assistant Holger Meurer explore how to determine the lease term. Let’s experiment!
Proposed tweak to IFRS 8,
Joanna Demetriou provides the latest from the standard setter – the IFRS 8 Exposure Draft.
Scene 2, Take 1: Demistifying IFRS 9 for Corporates: Intra-Group loans
Nitassha Somai, Financial instruments expert, works through one of the biggest impacts of IFRS 9 on corporates – Intragroup loans.
IFRIC Rejections Supplement – IAS 34
Looking for an answer? Maybe it was already addressed by the experts.
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 for variable consideration.
Incident description: It can be difficult to determine revenue when the amount of consideration due from a customer is dependent on the outcome of a future event. Examples include:
- contracts with early completion bonuses in the construction industry or;
- volume related discounts or rebates.
Cannon Street Press
- Definition of a business exposure draft (ED)
- Fees included in the ’10 per cent’ test
- Amendments to IAS 19 and IFRIC 14
- Amendments to IFRS 3 and IFRS 11 – previously held interests in joint operations
Read the latest issue on IFRS News from April 2017
In brief – A look at current
financial reporting issues
- FASB clarifies share-based payment
PwC In brief US2017-13
- FASB changes made to premium
amortization period on callable
PwC In brief US2017-12
- Brexit – income tax accounting
PwC In brief US2017-11