IFRS

Accounting / IASB seeks feedback on IFRS 13 fair value measurement

The International Accounting Standards Board (IASB) is seeking stakeholders’ views about their experience with IFRS 13, the accounting standard that explains how to measure the ‘fair value’ of assets and liabilities, to address problems identified with disclosure requirements

Accounting / IFRS 17 Insurance Contracts: key accounting changes at a glance

The International Accounting Standards Board (IASB) has issued IFRS 17 Insurance Contracts. Here we provide an overview of the key elements of the new accounting standard

Accounting / IFRS 17 overhauls accounting for $13 trillion insurance business

The introduction of IFRS 17 Insurance Contracts will completely transform the accounting rules for insurance companies as they are forced to move to a current valuation approach from the existing historical accounting treatment, reports Sara White

Accounting / World Bank agreement to push IFRS adoption in developing economies

The global accounting standard setter, the IFRS Foundation, has signed a cooperation agreement with the World Bank to support developing economies in their adoption and use of International Financial Reporting Standards (IFRS)

Accounting / Consultation on revisions to global valuation standards

Global standard setter the International Valuation Standards Council (IVSC) has opened a consultation on future revisions to the international valuation standards (IVS) in a number of areas, despite only publishing IVS 2017 in January

Accounting / IASB releases IFRS 9 implementation video on YouTube

The IFRS Foundation has released a video on IFRS 9 Financial Instruments explaining the accounting treatment for the new impairment model and providing advice on implementation, now available on YouTube

Accounting / IASB plans amendments to IFRS 9 to address cashflow risks

The International Accounting Standards Board (IASB) is planning minor amendments to the financial instruments standard, IFRS 9, before it has even come into force to address concerns over pre-payable financial assets

Accounting / IAS 21: hedging currency in a Brexit world

Foreign exchange volatility is one of the most worrying factors in the run-up to Brexit. Armaghan Haq of Lloyds Banking Group examines the implications of a volatile sterling and possible remedial action under IAS 21 accounting requirements

Accounting / International reporting: IFRS disclosures and materiality issues

In our monthly review of key developments in international reporting and IFRS, Jeroen Van Doorsselaere, vice president, IAS/IFRS at Wolters Kluwer Financial Services, reviews IASB's progress on financial disclosures and materialtiy

Accounting / IFRS rules distort debt reporting

IFRS accounting rules are making it hard to assess the levels of debt reported on European companies’ balance sheets, and companies should consider making additional disclosures to clarify their position, according to a report from Moody’s Investors Service

Accounting / Dealing with dividend payments

A further two companies, Domino's Pizza and Dunelm, have recently admitted to incorrect dividends payouts, demonstrating that paying out the wrong dividends is becoming an increasingly complicated issue for listed companies, warn Kate Ball-Dodd, partner and Dominic Palmer, senior associate at Mayer Brown International LLP

Accounting / Accounting updates: April 2017

In this month’s roundup of developments in accounting and financial reporting, Companies House six-year data wipe plan shelved, FDs hit with £5,000 senior accounting officer compliance fines, former RSA CFO censured over financial statements

Accounting / IASB consults on improvements to disclosures in financial statements

The International Accounting Standards Board (IASB) is consulting on future steps to improve the quality and effectiveness of disclosures in financial statements with a view to overhauling IAS 1 Presentation of Financial Statements

Accounting / BCBS clarifies interim treatment of accounting provisions pre IFRS 9

The Basel Committee on Banking Supervision (BCBS) has released details of the interim regulatory treatment of accounting provisions and standards for transitional arrangements in the run-up to IFRS 9 implementation

Accounting / IASB consults on IFRS 8 Operating Segments review

The International Accounting Standards Board (IASB) is consulting on proposals to make minor amends to IFRS 8 Operating Segments, with a new requirement to disclose the title and role of the influential decision maker
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