The International Accounting Standards Board (IASB) have implemented a number of new accounting standards that will take effect over the next two years. These standards may have a material impact on your business accounts for significant transactions related to consolidation, joint ventures, and applying fair value and related financial statements disclosures.
Additionally, the IASB is undertaking various other projects to improve financial reporting. Two of the projects that may have a direct/indirect impact on the real estate industry are lease accounting and revenue recognition.
How we can help
Our professionals are monitoring IFRS developments and can advice you on implementation issues that may not only impact the accounting function but your entire business. Contact one of our professionals today to get answers to your questions around IFRS.
Learn more about our IFRS services.