This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.
The #1 website for global accounting news
  • Accountancy Europe Image
    European Union Image

  • Accountancy Europe responds to the EU fitness check

    17 Jul 2018

    Accountancy Europe has responded to the European Commission’s consultation document 'Fitness check on the EU framework for public reporting by companies'. While the response fully recognises the legitimacy of the Commissions concerns regarding sustainability and long-term investments, Accountancy Europe is not convinced that additional changes to IFRSs would address these concerns.

  • Accounting Standards Committee of Germany (ASCG) (lt blue) Image

  • ASCG issues draft interpretation following an agenda decision on IAS 12

    16 Jul 2018

    At its meeting in Taipei on 2 and 3 March 2017, the International Forum of Accounting Standard Setters (IFASS) discussed the problem of there possibly being local interpretations of IFRSs at national level other standard-setters (and the IASB) are not aware of. This might be due to the fact that there are problems or that there might be expertise that might, or might not, be available in other jurisdictions. The Accounting Standards Committee of Germany (ASCG) has now issued its first draft interpretation making the draft available in the English language as well after also having reached out to the IFRS Foundation. The interpretation was developed following a negative agenda decision by the IFRS Interpretations Committee on a matter where diversity in practice is observed in Germany.

  • IASB webcast Image

  • IASB begins webcast series on the FICE DP

    16 Jul 2018

    On 28 June, the IASB published a comprehensive discussion paper DP/2018/1 'Financial Instruments with Characteristics of Equity'. The IASB has now made available the first webcast in a series of web presentations to help stakeholders as they prepare to submit their comments on the discussion paper.

  • IASB meeting (blue) Image

  • Pre-meeting summaries for the July IASB meeting

    16 Jul 2018

    The IASB is meeting on Tuesday 17 and Wednesday 18 June 2018. We have posted our pre-meeting summaries for the meeting that allow you to follow the IASB’s decision making more closely. For each topic to be discussed we summarise 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.

  • ASBJ (Accounting Standards Board of Japan) Image
    EFRAG (European Financial Reporting Advisory Group) (dk green) Image

  • ASBJ and EFRAG hold joint meeting

    12 Jul 2018

    On 11 July 2018, the Accounting Standards Board of Japan (ASBJ) and the European Financial Reporting Advisory Group (EFRAG) held a joint meeting in Brussels. The meeting was the fourth bilateral meeting between the two bodies.

News RSS Feed  Link
 
  • Power and Utilities – Accounting, financial reporting, and tax research guide (2018) Image

  • Power and Utilities — Accounting, financial reporting, and tax research guide (2018)

    published 17 Jul 2018

    This publication discusses accounting, tax, and regulatory matters that are of interest to P&U entities, including updates to SEC, FASB, and tax guidance, and focuses on specialized industry accounting topics that frequently affect P&U companies, including rate-regulated entities. Several sections of the publication have been expanded this year to concentrate on the impact of the Tax Cuts and Jobs Act that became law in December 2017 as well as accounting and reporting considerations related to the new leases and new revenue standards, including specific industry matters that remain outstanding with the AICPA’s Power and Utility Entities Revenue Recognition Task Force.

  • Thinking allowed — Cryptocurrency: Financial reporting implications Image

  • Thinking allowed — Cryptocurrency: Financial reporting implications

    published 16 Jul 2018

    Cryptocurrencies have attracted the attention of many. From individuals who are interested in Blockchain and related processing activities or who want to invest in them, to retailers, corporate investors and investment funds, securities regulators, the banking sector, the accounting profession and Governments. The idea of a virtual currency that has no links to a jurisdiction and that exists in a public network, maintained on computers operated by a myriad of individuals, was not something that was anticipated when the International Accounting Standards Board (IASB) developed its current set of financial reporting requirements. In this paper we make some observations about cryptocurrencies and the current accounting requirements for those issuing, acquiring or holding cryptocurrency.

  • IFRS on Point — July 2018 Image

  • IFRS on Point — June 2018

    published 13 Jul 2018

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

  • Heads Up — ASC 606 Is Here — How Do Your Revenue Disclosures Stack Up? Image

  • Heads Up — ASC 606 is here — How do your revenue disclosures stack up?

    published 11 Jul 2018

    This Heads Up provides insight into Deloitte’s review of the disclosures in the public filings of a sample of companies that adopted the FASB’s new revenue standard (ASC 606) as of the first quarter of 2018. Entities may benefit from evaluating the disclosure trends we have observed as a result of this review.

  • sec bus combo Image

  • A roadmap to SEC reporting considerations for business combinations

    published 09 Jul 2018

    This Roadmap combines the SEC’s guidance on reporting for business acquisitions — including acquisitions of real estate operations and pro forma financial information — with Deloitte’s interpretations (Q&As) and examples in a comprehensive, reader-friendly format.

  • 6 July Image

  • EFRAG endorsement status report 6 July 2018

    published 06 Jul 2018

    The endorsement status report has been updated to reflect that EFRAG has published draft endorsement advice on 'Amendments to References to the Conceptual Framework in IFRS Standards'.

  • More publications
    • Publication RSS Feed  Link
     

    • IASB Meeting — 19–21 June 2018

      Start: 19 Jun 2018 - End: 21 Jun 2018

      The IASB met in London on 19–21 June 2018 to discuss fifteen topics and included an educational session with the FASB.

    • IASB Meeting — 24–25 January 2018

      Start: 24 Jan 2018 - End: 25 Jan 2018

      The IASB held a public meeting on Wednesday 24 and Thursday 25 January 2018. There were six topics on the agenda with the longest slots for primary financial statements and the PIR of IFRS 13 'Fair Value Measurement'.

  • More meetings
    •  

    Correction list for hyphenation

    These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.