Need-to-know information on international standards in the accounting and regulatory space.
IAS 32 – Distinguishing between liabilities and equity
Proposals for clearer classification principles and enhanced presentation and disclosure
10 July 2018 | Financial Instruments
European review questions approach to IFRS
As Europe looks at corporate reporting, IFRS is in the spotlight, with global implications
22 June 2018
Investment management companies – Are you good to go?
Key considerations for Investment managers when implementing IFRS 15.
25 May 2018| Revenue
Leases – Joint arrangements in the oil and gas industry
Identifying the customer in a contract for the use of assets
18 May 2018| Leases
Conceptual Framework – The new foundation for IFRS
The revised Framework will underpin the IASB’s thinking when developing new standards
29 March 2018
Guides to IFRS financial statements - Interim Illustrative disclosures
Our compliance-focused guides help you prepare financial statements under IFRS
29 March 2018
Banks under the spotlight with new disclosures
Quality and clarity of explanations is key
16 March 2018 | IFRS blog
New disclosures for corporates – Are you prepared to tell all?
Disclosure requirements more detailed than ever before
1 March 2018 | IFRS blog
IAS 19 – Employee Benefits
Clearer accounting for defined benefit plans
12 February 2018
New standards – Tell the right story in your IFRS disclosures
Manage stakeholder expectations
18 January 2018 | IFRS blog
Impact of US tax reforms on IFRS financial statements
Significant changes to US tax legislation impact all companies with operations in the US
18 January 2018
Annual improvements to IFRS
Final amendments issued to IFRS 12, IAS 28 and IFRS 1
15 December 2017
Guide to annual financial statements – Illustrative disclosures for investment funds
Your essential guide to preparing IFRS financial statements for investment funds.
13 December 2017 | IFRS Financial statements
Banks – IFRS 15 could affect 25% of operating income
It’s time to look beyond IFRS 9
12 December 2017 | IFRS blog
IFRS 15 for automotive suppliers – Are you good to go?
Key considerations for auto parts makers on implementing the new revenue recognition standard.
6 December 2017 | Revenue
Guides to annual financial statements: supplement – Bank – IFRS 9 pre-transition disclosures
The 2017 supplement to the 2016 edition updates the pre-transition disclosures on the impact of the adoption of IFRS 9 Financial Instruments.
6 December 2017 | IFRS Financial statements
Issue 43 – Towards a new model for DRM
The Board agreed that the accounting model for dynamic risk management (DRM) should improve transparency, address the capacity issue and provide a simple and reliable performance metric while reflecting the fluid nature of DRM.
23 November 2017 | Financial instruments
Transition – It’s a reputational risk, not just a number
Moving to the new standards is a process across several phases
17 October 2017 | IFRS blog
Long-term interests in associates and joint ventures
How do equity accounting losses and IFRS 9 interact for long-term interests?
18 October 2017 | Business combinations
IFRS 9 – Changes warranting immediate attention
Prepayment features with negative compensation and modifications of financial liabilities
12 October 2017 | Financial Instruments
The Bank Statement – Q3 2017
Modification of financial instruments
12 October 2017 | Banking
IFRS 9 – Opportunities and complexities for corporates
Chance to better align hedge accounting with risk management policies
2 October 2017 | Financial Instruments
Applying materiality when preparing financial statements
IASB issues guidance for companies on making materiality judgements
29 September 2017 | Disclosures
Financial instruments – DRM discussions continue
The IASB staff presented an education session to the Board in which it discuss (i) prepayment risk and ways to manage it, and (ii) hedge accounting and capacity.
27 September 2017 | Financial instruments
IFRS 15 – Beware of changes to your top-line and KPIs!
Business unit heads could be surprised by the real impact of the new revenue standard
31 August 2017 | IFRS blog
New standards – Coordinating group and local numbers
Are central and local finance teams on the same page?
27 July 2017 | IFRS blog
Financial instruments – Final prepayment amendments
The Board completed its technical re-deliberations on the exposure draft Prepayment Features with Negative Compensation.
26 July 2017 | Financial instruments
New insurance contracts standard – Introducing IFRS 17
Insight and analysis on the impact of IFRS 17 Insurance Contracts
18 July 2017 | Insurance
New standards – Good and bad news on IT implementation
Critical time challenge to get your systems ready
29 June 2017 | IFRS blog
Financial instruments – IFRS 9 prepayment amendments
The Board discussed feedback received in comment letters on the exposure draft Prepayment features with Negative Compensation.
29 June 2017 | Financial instruments
Accounting for sale proceeds before an asset’s intended use
Proposed narrow-scope amendments to IAS 16
23 June 2017
Food, drink and consumer goods companies – Are you good to go?
Key considerations that food, drink and consumer goods companies need to focus on when implementing IFRS 15.
1 June 2017 | Revenue
Measuring fair value – Share your experience of IFRS 13
The IASB has issued a request for information seeking feedback in several areas of focus
30 May 2017 | IFRS toolkit
Financial instruments – Next steps on the DRM project
Discussions on DRM activities continue
24 May 2017 | Financial instruments
IFRS 15 – Earnings surprises in store for investors?
Investors need to assess how the new revenue recognition standard will affect earnings
28 April 2017 | IFRS blog
Operating segments – Responding to the PIR of IFRS 8
Proposed amendments seek to improve IFRS 8 after Post-implementation Review
31 March 2017 | Business combinations
Financial instruments – DP on FICE expected this year
Technical deliberations largely completed on the FICE project
30 March 2017 | Financial instruments
Consumer goods – Implementing IFRS 15
Now that the IASB and FASB have published a new joint standard on revenue recognition, the real work for food, drink and consumer goods companies is just beginning.
13 March 2017 | Revenue
IFRS 9 impairment – Revolving credit facilities
The IASB has discussed an issue relating to how the period of exposure is
determined for revolving credit facilities, such as credit cards.
1 March 2017 | Financial Instruments
Insurance – Making the finishing touches
In February, the IASB addressed issues arising from the feedback it received from the external testing and drafting process of the forthcoming insurance contracts.
1 March 2017 | Insurance
IFRS: New standards – Are you ready?
Our summaries of newly effective and forthcoming accounting standards are linked to our insight and guidance, and highlight both their effective date as per the IASB as well as the EU effective date.
7 Febrauary 2017 | IFRS toolkit
Power & utilities – Implementing IFRS 15
Now that the IASB and FASB have published a new joint standard on revenue recognition, the real work for power and utilities companies is just beginning.
25 January 2017 | Revenue
Financial Instruments – Symmetric prepayment options
The IASB has started work on a narrow-scope project on 'make-whole' prepayment options.
25 January 2017 | Financial Instruments
Regulators call for action on new accounting standards
IOSCO stresses importance of implementation and disclosure on IFRSs 9, 15 and 16.
6 January 2017 | Disclosures
Transfers to and from investment property
The IASB has amended IAS 40 on transfers of property assets to, or from, investment property.
14 December 2016
Foreign currency transactions – Advance consideration
IFRIC 22 clarifies the transaction date used to determine the exchange rate.
09 December 2016
Integrated Reporting – Closing the reporting gap
Final amendments issued to IFRS 12, IAS 28 and IFRS 1.
1 December 2016
Insurance - Setting the stage for a final standard
This month, the IASB discussed its findings from the external testing of a draft of the forthcoming insurance contracts standard (IFRS 17), and addressed some of the issues raised.
23 November 2016 | Insurance
Investment managers – Implementing IFRS 15
Investment managers should not underestimate the potential impact of the new revenue standard that's effective from 1 January 2018.
31 October 2016 | Revenue
Financial Instruments – Alternative settlement outcomes
Further progress has been made in exploring the classification of claims with alternative settlement outcomes.
25 October 2016 | Financial Instruments
The Bank Statement – Q3 2016
Comparing IFRS 9 and US GAAP impairment
11 October 2016 | Banking
Leases – 10 key questions to help you prepare for IFRS 16
What do you need to think about when planning to implement the new standard?
7 October 2016 | IFRS blog
Financial Instruments – Moving the FICE project forward
Further progress has been made in exploring presentation and disclosure requirements.
28 September 2016 | Financial Instruments
New insurance contracts standard – It’s time to engage
Insurers may experience greater volatility in profit or loss and equity on applying the new standard.
29 July 2016 | Insurance
Brexit – Financial reporting implications
Our briefing document addresses the initial accounting and reporting impacts.
29 July 2016
Revenue – Regulator calls for transparency on impacts on IFRS 15
ESMA promotes consistent application of new revenue standard.
28 July 2016 | Revenue
Financial Instruments – the FICE project continues
Further progress has been made in exploring the classification of derivatives on own equity.
26 July 2016 | Financial Instruments
IFRS – Better communication
IASB chairman makes better communication a priority for the coming years
1 July 2016 | The future of IFRS
Insurance – Fine-tuning the forthcoming standard
The IASB has turned its attention to sweep issues that have arisen during the balloting process for the forthcoming insurance contracts standard.
29 June 2016 | Insurance
Clarifying share-based payment accounting
Amendments to IFRS 2 clarify the accounting for certain types of arrangements.
21 June 2016 | Employee benefits
Non-GAAP measures – Moving towards global transparency
IOSCO promotes transparency and comparability in its new statement
17 June 2016 | Disclosures
Banks – Implementing IFRS 9’s impairment requirements
Global accounting networks issue guidance to help audit committees oversee implementation.
17 June 2016 | Banking
Financial instruments for corporates
The new financial instruments standard will affect corporates.
1 June 2016 | Financial Instruments
Viewpoint Podcast: ‘Level of aggregation’ under IFRS 4 Phase 2 for insurers
Find out more about one of the key drivers of profit recognition in the new model.
24 May 2016 | Insurance
Insurance – IFRS 4 amendments set for balloting
The IASB has finished its discussions on the differing effective dates of IFRS 9 and the forthcoming insurance contracts standard.
24 May 2016 | Insurance
Financial Instruments – Characteristics of equity
Further progress has been made in exploring ways to present useful information not captured by a binary classification approach.
23 May 2016 | Financial Instruments
The Bank Statement – Q1 2016
Measuring ECL and clearing OTC derivatives
29 April 2016 | Banking
Financial Instruments – Characteristics of equity
Further progress has been made in exploring the implications of attributing profit or loss and OCI to derivative equity claims.
28 April 2016 | Financial Instruments
Insurance – Revised criteria for deferring IFRS 9
The IASB is to broaden the qualifying criteria for deferring IFRS 9 and introduce additional relevant disclosures.
27 April 2016 | Insurance
First Impressions: IFRS 15 Revenue-It’s time to engage
Our digestible introduction to the clarified version of IFRS 15.
14 April 2016 | Revenue
Insurance – New standard set for balloting
At its February meetings, the IASB instructed the staff to begin the balloting process for the forthcoming insurance contracts standard.
18 February 2016 | Insurance
Deferred tax assets on unrealised losses
IASB clarifies deferred tax treatment for debt instruments under IAS 12.
29 January 2016 | Income taxes
Insurance – Planned technical redeliberations now complete
The IASB considered the level of aggregation for onerous contracts and allocation of CSM and continued its discussion regarding discretionary cash flows.
27 January 2016 | Insurance
Slideshare: IFRS 16 Leases – A more transparent balance sheet
This SlideShare presentation gives a high-level visual summary of the key messages and the business impacts of the new leases standard.
13 January 2016 | Leases
New lease accounting standard brings added transparency to the balance sheet
Press release on the new lease accounting standard IFRS 16.
13 January 2016 | Leases
First Impressions: IFRS 16 Leases – A more transparent balance sheet
A detailed overview of the new leasing standard and its effect on financial statements.
12 January 2016 | Leases
Basel Committee issues guidance on credit risk and accounting for expected credit losses.
22 December 2015 | Banking
IFRS 9 Impairment – ITG clarifies implementation issues
The new expected credit loss model for the impairment of financial instruments has triggered a variety of implementation issues.
16 December 2015 | Financial instruments
Banks – EDTF guidance on new credit risk disclosures
Principles on bank disclosures updated to reflect accounting for expected credit losses
9 December 2015 | Banking
Opening the black box: Demystifying IFRS 4 Phase 2
Through illustrative examples using one of the components of a complete set of IFRS financial statements.
8 December 2015 | Insurance
Disclosures – Regulator says quality, not quantity, is key
ESMA states key principles for improving disclosures in financial statements.
10 November 2015 | Disclosures
Business combinations – Is IFRS 3 working as intended?
The IASB has reviewed feedback on the effectiveness of business combination accounting.
19 June 2015 | Business Combinations
Condensed interim disclosure checklist – 2015 edition
31 March 2015 | IFRS financial statements
Construction – Implementing IFRS 15
With the arrival of the new revenue standard – IFRS 15 Revenue from Contracts with Customers – the construction industry has effectively lost its contract accounting ‘rule book’.
30 September 2014 | Revenue
Transfer of assets in transaction with associate or JV
Amendments to IFRS 10 and IAS 28 address long-standing accounting conflict for investors.
15 September 2014 | Business Combinations
First Impressions: IFRS 9 Financial Instruments
This First Impressions provides our detailed analysis on the complete version of IFRS 9 Financial instruments, issued in July 2014.
11 September 2014 | Financial Instruments
In the Headlines: Financial instruments – the complete standard
Fundamental changes call for careful planning.
25 July 2014 | Financial Instruments
Business combinations – Interests in a joint operation
Amendments to IFRS 11 will result in more consistent business combination accounting.
7 May 2014 | Business Combinations
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