News on IFRS: June 2015

Our latest IFRS news contains some information about conceptual framework, segment disclosures, and IFRS 9 financial instruments.

IASB exposes revised Conceptual Framework

The IASB issued its exposure draft on the conceptual framework. Maria Constantinou looks at this key proposal and potential impact on standard setting.
Read more…

Segment disclosures to bring more insight on the ‘management view’

Derek Carmichael, Global Accounting Consulting services looks at the changes proposed by the IASB in response to the Post Implementation Review (PIR) of IFRS 8 to increase value to users.
Read more…

EFRAG endorses IFRS 9 but recommends close monitoring

European financial reporting group says assessment of IFRS 9 is qualitative, not quantitative, but urges implementation without delay.
Read more…

Cannon Street Press

  • Clarification to IFRS 15
  • Disclosure Initative
  • FICE research project

Read more…

NIFRICS by the numbers; IFRS rejections in brief starting with IAS 1

Ernesto Mendez of Global Accounting Consulting Services examines the practical implications of IFRIC rejections related to
IAS 1.
Read more…

 

Are you interested in more regular updates?

In brief – A look at current financial reporting issues

IFRS in brief

 

News on IFRS: May 2015

Our latest IFRS news contains some information about revenue recognition and employee benefits.

IASB proposes deferral and continues to look at clarifications

The IASB has proposed moving the effective date of IFRS 15 back by one year to 1 January 2018. An exposure draft on the effective date is expected in May 2015 followed by an exposure draft on other clarifications in Q3 2015.
Read more…

Employee benefits back in the spotlight

Richard Davis from Accounting Consulting Services brings us up to speed on renewed attention at the IASB on employee benefits.
Read more…

Cannon Street Press

  • Disclosure initiative
  • Annual improvements 2014-2016
  • Fair value of quoted investment

Read more…

Know your IFRS ‘ABC’: Z is for Zoos… not in the scope of IAS 41, but what is?

Ruth Preedy from PwC’s Accounting Consulting Services examines the scope of IAS 41, a standard that even the most experienced accounting experts don’t know much about.
Read more…

 

Are you interested in more regular updates?

In brief – A look at current financial reporting issues

IFRS in brief

 

News on IFRS: April 2015

Our latest IFRS news contains some information about revenue recognition, leasing and IFRS 15 implementation issues.

Boards propose changes for revenue; FASB delays effective date one year

The IASB and FASB continued to discuss implementation issues related to the new revenue standard in March. The FASB met separately to delay mandatory effective date for US GAAP by one year to 2018 with early adoption permitted in 2017.
Read more…

Balance sheets to swell as new lease proposal ready for ballot

Jessica Taurae, Partner in Accounting Consulting Services, looks at the status of the IASB’s long running project on leasing.
Read more…

Revenue TRG continues debate

The Revenue Transition Resource Group (TRG) met for the fourth time in March to discuss implementation issues related to the new revenue standard.
Read more…

Cannon Street Press

  • IC discussion of IFRS 11
  • Leasing project
  • Disclosure initiative
  • Conceptual framework

Read more…

Know your IFRS ‘ABC’: Y is for Yields on government bonds and other discount rate issues

Frances White from PwC’s Accounting Consulting Services in Australia takes a look at discount rates for provisions and impairment, and the effect of an uncertain economic climate.
Read more…

 

Are you interested in more regular updates?

In brief – A look at current financial reporting issues

IFRS in brief