Straight away - PwC's guidance on latest IASB releases
PwC keeps you up to date with the latest developments from the IASB with our series 'Straight away'. This two-page guidance, issued shortly after the release of a draft or final standard/interpretation, explains the key points and answers the questions:
- What is the issue?
- Am I affected?
- What do I need to do?
The topics covered in the 'Straight aways' are:
- IASB proposes amendments to transition guidance in IFRS 10
- IASB clarifies offsetting requirements and requires new converged disclosures
- IFRS 9 effective date
- IASB/FASB leasing redeliberations - December 2011
- Belarus enters hyperinflation
- SEC reports on IFRS
- IASB and FASB issue new revenue recognition exposure draft
- IASB/FASB leasing redeliberations - October 2011
- New guidance on accounting for stripping costs
- IASB/FASB leasing redeliberations - September 2011
- IIRC paper to shape corporate reporting
- IASB proposes to require ‘investment entities’ to record investments at FVTPL
- IASB proposes to delay IFRS 9 effective date
- IASB seeks public comment on its future work plan
- IASB and FASB to re-expose leasing proposals
- IASB updates timetable for insurance, financial instruments and leasing standards
- IASB publishes exposure draft on improvements project 2011
- IAS 19 amendment significantly changes accounting for employee benefits
- IASB amends IAS 1 for presentation of items of other comprehensive income
- IASB and FASB to re-expose revenue standard
- Boards seek to resolve single derecognition lessor accounting model
- SEC staff paper explores method of incorporating IFRS in the US
- IASB and FASB on track with revenue deliberation plan
- Significant reversal of tentative leasing decisions
- IASB and FASB issue guidance on fair value measurement and disclosure
- IASB publishes IFRS 12 as key standard on disclosure of interests in other entities
- Joint arrangements standard brings major change to accounting for joint ventures
- Consolidation standard revises definition of control
- IASB and FASB provide an update on convergence
- IASB/FASB leasing redeliberations – April 2011
- Key decisions propel the joint revenue project forward
- IASB and FASB extend timetable for key projects
- Boards march closer to completing key revenue recognition issues
- IASB/FASB leasing redeliberations – March 2011 (third March meeting)
- IASB/FASB Board redeliberations on leasing - March 2011
- IASB/FASB Board redeliberations on leasing - February 2011
- IASB/FASB Board redeliberations on leasing - January 2011
- FASB and IASB debate revenue recognition and reach agreement on key issues
- IASB and FASB seek comments on common impairment model for financial assets
- IASB and FASB issue proposals to address the single largest balance sheet difference
- IASB amends IFRS 1: exemption for severe hyperinflation and removal of fixed dates
- IASB amends deferred tax accounting for investment property at fair value
- IASB issues exposure draft on hedge accounting
- IASB issues non-mandatory guidance on management commentary
- IASB updates IFRS 9 for financial liabilities
- IASB enhances disclosures relating to transferred financial assets
- IASB proposes amendment to deferred tax accounting for certain assets measured at fair value
- The IFRIC publishes draft Interpretation on 'Stripping costs in the production phase of a surface mine'
- IASB and FASB propose significant changes to lease accounting
- IASB proposes to fundamentally change accounting for insurance contracts
- IASB/FASB publish 'staff draft' of financial statement presentation proposals
- IASB and FASB release revenue recognition exposure draft
- IASB proposes a single statement of comprehensive income
- FASB's different proposals for financial instrument accounting may impact IFRS requirements
- Annual improvements to IFRSs 2010
- Proposed changes for recognition and measurement of employee benefit expense and disclosures
- Discussion paper on 'Extractives activities' project
- IFRS 1 amendment - exemption from comparative IFRS 7 disclosures for first-time adopters
- IASB training material on IFRS for SMEs
- Straight away guidance on proposed amendment to IAS 37
- Venezuela enters hyperinflation
- Amendment to IFRIC 14, 'Prepayments of a minimum funding requirement'
- IFRIC 19, 'Extinguishing financial liabilities with equity instruments'
- IFRS 9, 'Financial instruments'
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