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  • IASB meeting (blue) Image
  • Pre-meeting summaries for the June 2021 IASB meeting

    18 Jun 2021

    The IASB is meeting on Tuesday 22 and Wednesday 23 June 2021, by video conference. We have posted our pre-meeting summaries for the meeting that allow you to follow the IASB’s decision making more closely. We summarised the agenda papers made available by the IASB staff and point out the main issues to be discussed by the IASB and the staff recommendations.

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  • Agenda for the June 2021 ITCG meeting

    15 Jun 2021

    The agenda is available for the next meeting of the IFRS Taxonomy Consultative Group (ITCG), which will be a virtual meeting on 30 June 2021, from 11:00 to 15:35 GMT+1.

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  • EFRAG, EFFAS, ABAF/BVFA, and IASB to host joint webinar on rate-regulated entities

    14 Jun 2021

    The European Financial Reporting Advisory Group (EFRAG), the European Federation of Financial Analysts Societies (EFFAS), the Association Belge des Analystes Financiers (ABAF/BVFA), and the International Accounting Standards Board (IASB) will host a joint webinar on 12 July 2021 on the proposals in the IASB’s Exposure Draft (ED) ‘Regulatory Assets and Regulatory Liabilities’.

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  • On the Radar — Contracts on an Entitys Own Equity Image
  • On the Radar — Contracts on an Entity's Own Equity

    published 16 Jun 2021

    Entities raising capital must apply the highly complex, rules-based guidance in U.S. GAAP to determine whether (1) freestanding contracts such as warrants, options, and forwards to sell equity shares are classified as liabilities or equity instruments and (2) convertible instruments contain embedded equity features that require separate accounting as derivative liabilities.

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  • Roadmap: Contracts on an Entity’s Own Equity (2021)

    published 16 Jun 2021

    This Roadmap provides an overview of the guidance in ASC 815-40 as well as insights into and interpretations of how to apply it in practice. For ease of reference, we have accompanied our discussion with the related authoritative text.

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  • IFRS on Point — May 2021

    published 04 Jun 2021

    'IFRS on Point' highlights critical financial reporting developments. It provides a great way to catch up on the main IFRS-related news stories of the previous month.

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  • IAS 34 compliance checklist 2021

    published 27 May 2021

    The checklist summarises the requirements of IAS 34 'Interim Financial Reporting', formatted to allow the recording of a review of interim financial statements, with a place to indicate yes, no, or not-applicable for each item. The checklist addresses the requirements of IAS 34 as of 31 December 2020.

  • Heads Up — Do ESG Matters Affect Accounting and Financial Reporting Today? Image
  • Heads Up — Do ESG Matters Affect Accounting and Financial Reporting Today?

    published 26 May 2021

    This Heads Up examines certain potential effects of environmental, social, and governance (ESG) matters on a company’s financial accounting and reporting in the context of the existing accounting guidance and the current regulatory environment. While these effects will vary depending on the company’s industry along with factors such as relevant regulatory, legal, and contractual obligations, all entities should evaluate ESG-related financial accounting and reporting implications.

  • Software-as-a-Service arrangements Image
  • Accounting alert — Software-as-a-Service arrangements

    published 26 May 2021

    There has been an evolution in the technological architecture of entities across the world. This has resulted in potentially significant accounting changes for entities that have entered into cloud-computing arrangements. The IFRS Interpretations Committee has published two agenda decisions clarifying how arrangements in respect of a specific part of cloud technology, Software-as-a-Service, should be accounted for. This 'Accounting alert' by Deloitte New Zealand has a detailed discussion on these agenda decisions including practical implications for financial reporting (e.g. change in accounting policies), wider business impacts and regulator expectations.

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