IFRS

Accounting / EFRAG sets up academic panel

The European Financial Reporting Advisory Group (EFRAG), which advises the European Commission on IFRS issues, is seeking candidates for its new academic panel, as part of a move to increase its research activities

Accounting / Lease taxation under IFRS 16 – part 2

In part two of our series on lease taxation under IFRS 16 Leases, the new accounting standard set to come into use in 2019, CCH tax specialist writer Paul Davies considers the pros and cons of HMRC's initial proposals for different variations on accounts based regimes using a leasing or capital allowance approach

Accounting / EFRAG endorses amendments to IFRS 4 for EU use

The European Financial Reporting Advisory Group (EFRAG) has formally endorsed Applying IFRS 9 Financial Instruments with IFRS 4 Insurance Contracts (Amendments to IFRS 4) for use across EU member states

Accounting / IASB proposes minor amends to IAS 12, IAS 23, IAS 28

The International Accounting Standards Board (IASB) has released an exposure draft on proposed amendments to three International Standards for Financial Reporting (IFRS) - IAS 12, IAS 23 and IAS 28, as part of its annual review process

Accounting / IFRS 16 Leases: transition tips for implementation

The International Accounting Standards Board (IASB) has issued implementation advice for IFRS 16 Leases, a year after the leases standard was finalised, which will see radical change to the taxation treatment and accounting of leases on balance sheets, effective January 2019

Accounting / Lease taxation under IFRS 16 – part 1

The introduction of the new IFRS 16 Leases effective for accounting periods from 1 January 2019 will have a radical effect on the taxation treatment under the revised accounting rules. Although the final HMRC approach is still under review, the changes will be significant. Paul Davies, CCH tax writer, considers the key issues in the first of an exclusive two-part series

Accounting / The year ahead: IFRS and regulatory challenges

The pace of regulatory change shows no sign of abating in 2017 and as a result, regulatory technology could well be a standout developmental theme for financial institutions this year, says Jeroen Van Doorsselaere 

Accounting / SEC chief calls for US commitment to IFRS convergence

Outgoing Securities and Exchange Commission (SEC) chair, Mary Jo White, is calling on the SEC to continue to pursue high-quality globally accepted accounting standards, such as integrated International Financial Reporting Standards (IFRS) to strengthen US markets

Accounting / Countdown to IFRS 9 and IFRS 15 starts

With one year to go until the effective date for sweeping changes to accounting rules with the introduction of IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers, the International Accounting Standards Board (IASB) has issued a recap on key changes and compliance costs

Accounting / Accounting updates: Jan 2017

In this month’s roundup of developments in accounting and financial reporting, FRC clarification on what constitutes 'true and fair', FRS 101 amended to align with IFRS 16 Leases, FCA to tighten crowdfunding regulations

Tax / Editor's comment: a taxing year of uncertainty for accountants

From the shock Brexit vote to concerted efforts to slow the pace of Making Tax Digital and first-time adoption troubles for UK GAAP reporters, 2016 was a turbulent year for accountants and tax advisers, says Sara White

Accounting / XHTML tagging required for annual financial statements from 2020, says ESMA

From January 2020, listed companies across the EU reporting under IFRS will have to use a specific digital format to present their financial statements to comply with the EU Transparency Directive

Accounting / FRC holds firm on ‘true and fair’ dividends reporting

The Financial Reporting Council (FRC) has made clear it is holding to its view that Companies Act legislation does not require companies to publish detailed information on dividend payments in order to provide ‘true and fair’ accounts under IFRS, in response to a challenge from the House of Lords economic affairs committee

Accounting / International reporting: review of the IFRS year

A mixed year for IFRS as IFRS 16 Leases was launched and the revenue recognition standard IFRS 15 was tweaked, but on the whole the International Accounting Standards Board has reined in on activity, says Jeroen Van Doorsselaere, vice president, risk & finance, Wolters Kluwer Financial Services

Accounting / IASB sets deadline for release of Conceptual Framework

The International Accounting Standards Board (IASB) has confirmed that it will work towards releasing a revised Conceptual Framework in mid 2017 with the IFRS 17 insurance contracts standard slated for March
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