PwC's monthly report shedding light on the IASB's activities. This edition looks at (1) leasing - IASB publishes exposure draft, (2) Interpretation Committee - past and future, (3) feedback statement on disclosures, new members appointed to the IASB and IC, interpretation on levies, IAS 36 amendment, IASB revenue project, and (4) know your IFRS 'ABC': ‘G’ for government grants.
PwC's monthly report shedding light on the IASB's activities. This edition looks at (1) integrated reporting - IIRC publishes consultation draft, (2) levies - IC to issue interpretation on accounting for levies, (3) insurers face change - update on the insurance contract, (4) recent activity at the IASB on ED on interim standard for regulatory deferral accounts, new Chairman of FASB, EU endorsement of amendments to IFRS 10, 11 and 12, and (5) know your IFRS 'ABC': ‘F’ for fair value.
PwC's monthly report shedding light on the IASB's activities. This edition looks at (1) Impairment of financial instruments - IASB publishes exposure draft, (2) Discount rates and IAS 19 - IC debates the meaning of 'high quality' and 'deep market', (3) IFRS for SMEs - post implementation feedback, (4) recent activity at the IASB on IAS 19R employee contributions exposure draft, conceptual framework discussions, early adoption of revenue standard, request for information on rate regulation, IASB work plan update, ASAF membership; and (5) know your IFRS 'ABC': ‘E’ for equity accounting.
PwC's monthly report shedding light on the IASB's activities. This edition looks at (1) the disclosure problem – IASB takes on the challenge, (2) improving IFRS – a point of view, (3) Profile: Mary Tokar – new IASB board member, (4) IAS 10 and 11 – key issues to consider on transition, and more.
PwC's monthly report shedding light on the IASB's activities. This edition looks at (1) Back to basics – the IASB goes to work on the Conceptual Framework, (2) IAS 19R: Are you ready?, (3) Cannon Street press, and (4) Questions and answers.
PwC's monthly report shedding light on the IASB's activities. This edition looks at (1) Making headway on financial instruments, (2) Boards make progress on revenue, (3) IAS 19 and discount rates, (4) Impairment of non-financial assets, and (5) Cannon Street press.
PwC's monthly report shedding light on the IASB's activities. This edition looks at (1) IASB exemption from consolidating investment entities, (2) PwC partner Peter Holgate's personal view of criticisms of IFRS, (3) revenue update, (4) Insurance contracts – proposal re-exposed, (5) IFRS Foundation response to SEC 'work plan', and (6) know your IFRS 'ABC' with our new questions-and-answers series. This month: A is for 'associates'.
PwC's monthly report shedding light on the IASB's activities. This edition looks at (1) revenue recognition project redeliberations, and (2) an update by PwC UK Partner Peter Hogarth on the leasing project. It also includes an IFRS quiz on deferred tax.
PwC's monthly report shedding light on the IASB's activities. This edition looks at (1) the IASB's review draft (RD) that details the new hedge accounting requirements, (2) joint venture or joint operation - classification of joint arrangements, and (3) IFRS quiz on operating segments.
PwC's monthly report shedding light on the IASB's activities. This edition looks at (1) the IASB and FASB's update regarding a "three-bucket" impairment model for financial assets, (2) five standards to have different effective date in the EU vs rest of the world, (3) updates on leasing and revenue projects, (4) SEC's final report on IFRS "work plan,"(5) amendments to transition guidance for IFRSs 10, 11, and 12, and (6) IFRS IC discusses accounting for rate-regulated activities. Also included is an IFRS quiz on cash flow statement and a look at recent developments in Russia’s adoption of IFRS.