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  • IASB announces sixth research forum

    20 Feb 2019

    The International Accounting Standards Board (IASB) will host its sixth Research Forum on 28-29 October 2019 in Short Hills, New Jersey.

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  • IASB issues podcast on latest Board developments

    20 Feb 2019

    The IASB has released a podcast featuring Vice-Chair Sue Lloyd, Board member Darrel Scott, and education director Matt Tilling to discuss the deliberations at the February 2019 IASB meeting.

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  • Report on intangibles and the R&D capitalisation debate

    15 Feb 2019

    Many have noted the increasing gap between the values of companies based on their share price and the tangible asset values in their financial statements. One of the major components of this gap are the ‘intangibles’ that are recognised as valuable by the market but are not recognised as assets by financial reporting.

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  • IASB posts webcast on IFRS 15

    14 Feb 2019

    The IASB has posted a webcast, by IASB member Nick Anderson and investor engagement member Sid Kumar, that provides an overview on IFRS 15, ‘Revenue from Contracts with Customers’.

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  • February 2019 IASB meeting notes posted

    13 Feb 2019

    The IASB met on Thursday 7 and Friday 8 February 2019 to discuss five topics. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.

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  • Summary of the November 2018 GPF meeting

    13 Feb 2019

    Representatives of the IASB met with the Global Preparers Forum (GPF) in London on 6 November 2018. Notes from the meeting have now been released.

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  • Updated IASB work plan — Analysis

    11 Feb 2019

    Following the IASB's February 2019 meeting, we have analysed the IASB work plan to see what changes have resulted from the meeting and other developments since the work plan was last revised in January.

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  • AcSB updates research on extractive industries

    11 Feb 2019

    In 2018, the IASB started gathering evidence to help it decide whether to start a project to develop proposals to replace IFRS 6 'Exploration for and Evaluation of Mineral Resources'. Before deciding the scope and direction of a research project, the IASB asked the national standard-setters who contributed to the 2010 discussion paper on extractive activities to make the IASB aware of any new developments.

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  • IFRS in your pocket 2019

    published 18 Feb 2019

    The 2019 edition is a comprehensive summary of the current Standards and Interpretations along with details of the projects on the IASB work plan.

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  • A Roadmap to Applying the New Leasing Standard (2019)

    published 14 Feb 2019

    This Roadmap combines the requirements in ASC 842 with Deloitte’s interpretations and examples in a comprehensive, reader-friendly format. In addition, the Roadmap highlights (1) the requirements of ASC 842 that significantly differ from those in ASC 840 and IFRS 16 and (2) recent standard-setting developments (through the February 13, 2019, FASB meeting). We hope that this publication will enable entities to deal with some of the more challenging aspects of ASC 842.

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  • IFRS model financial statements 2018 — Appendix 2: Early adoption of IFRS 16 'Leases'

    published 12 Feb 2019

    This Appendix has been produced to complement the 'International GAAP Holdings Limited Model financial statements for the year ended 31 December 2018'. It focuses on the changes introduced by the requirements in IFRS 16 Leases which is effective for annual periods beginning on or after 1 January 2019 (earlier application is permitted if disclosed and if IFRS 15 Revenue from Contracts with Customers is also applied).

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  • Heads Up — FASB proposes to ease transition to the credit losses standard

    published 11 Feb 2019

    This Heads Up discusses the FASB’s recently issued proposed Accounting Standards Update (ASU), "Targeted Transition Relief for Topic 326, Financial Instruments — Credit Losses." The proposed ASU would allow entities to irrevocably elect, upon adoption of ASU 2016-13, Measurement of Credit Losses on Financial Instruments, the fair value option for financial instruments that were previously recorded at amortized cost (except for held-to-maturity debt securities) and that are within the scope of FASB Accounting Standards Codification (ASC) Subtopic 326-20, "Financial Instruments — Credit Losses: Measured at Amortized Cost," provided that the instruments are eligible for the fair value option under ASC 825-10, "Financial Instruments: Overall."

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  • IFRS on Point — January 2019

    published 11 Feb 2019

    'IFRS on Point', published at the beginning of each month, highlights critical IFRS-related financial reporting developments.

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  • EFRAG endorsement status report 11 February 2019

    published 11 Feb 2019

    The endorsement status report has been updated to reflect that the European Union has formally adopted 'Long-term Interests in Associates and Joint Ventures (Amendments to IAS 28)'.

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  • A Comparison of IFRS Standards and U.S. GAAP: Bridging the Differences

    published 04 Feb 2019

    This publication discusses differences that are commonly found in practice between the International Accounting Standards Board’s IFRS® Standards and the FASB’s U.S. GAAP. The significance of these differences to a given entity will vary depending on such factors as the nature of its operations, the industry in which it operates, and the accounting policy choices it has made.

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