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  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image
  • EFRAG webinar on FICE Discussion Paper

    20 Sep 2018

    In August 2018, the European Financial Reporting Advisory Group (EFRAG) issued a draft comment letter on the IASB discussion paper DP/2018/1 'Financial Instruments with Characteristics of Equity' (FICE DP). This is now followed by a webinar will delving more deeply into the more challenging and contentious areas of FICE.

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  • Agenda for the first meeting of the Management Commentary Consultative Group

    17 Sep 2018

    In November 2017 the IASB added to its agenda a project to update the IFRS Practice Statement 'Management Commentary'. To support this project, the Board created the Management Commentary Consultative Group. The agenda for the first meeting of the group on 28 September 2018 is now available.

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  • IFRS Interpretations Committee holds September 2018 meeting

    14 Sep 2018

    The IFRS Interpretations Committee met in London on 11 and 12 September 2018 to discuss thirteen issues, including five new interpretation requests. We have posted Deloitte observer notes for the technical issues discussed during this meeting.

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  • Pre-meeting summaries for the September IASB meeting

    13 Sep 2018

    The IASB will meet in London on Wednesday 19 and Thursday 20 September 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.

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  • A Roadmap to Consolidation — Identifying a Controlling Financial Interest (2018) Image
  • A Roadmap to Consolidation — Identifying a Controlling Financial Interest (2018)

    published 14 Sep 2018

    This publication reflects changes in the consolidation landscape introduced by the FASB’s issuance of ASU 2015-02 in February 2015. The changes made in the 2018 edition of the Roadmap were primarily editorial (e.g., to clarify or expand on existing text). In addition, the Roadmap was updated to reflect (1) the issuance of ASU 2017-02, which clarifies the circumstances in which a not-for-profit entity that is a general partner or limited partner would consolidate a for-profit limited partnership or similar entity, and (2) the current status and content of the FASB’s proposed ASUs on related parties and the proposed reorganization of the consolidation guidance.

  • A Roadmap to Distinguishing Liabilities From Equity (2018) Image
  • A Roadmap to Distinguishing Liabilities From Equity (2018)

    published 13 Sep 2018

    This Roadmap provides an overview of the guidance in ASC 480-10 as well as insights into and interpretations of how to apply it in practice. ASC 480-10 requires (1) issuers to classify certain types of shares of stock and certain share-settled contracts as liabilities or, in some circumstances, as assets and (2) SEC registrants to classify certain types of redeemable equity instruments as temporary equity. The 2018 edition of the Roadmap reflects changes to the guidance introduced by the FASB’s issuance of ASU 2018-07, which amends the ASC 480-10 scope exception for obligations under share-based payment arrangements, and ASU 2018-09, which conforms the guidance on certain freestanding options involving noncontrolling interests in ASC 480-10-55 with the guidance in FASB Statement 150 and ASC 480-10-25-15.

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  • IFRS on Point — August 2018

    published 13 Sep 2018

    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 12 September 2018

    published 12 Sep 2018

    The endorsement status report has been updated to reflect the Accounting Regulatory Committee ('ARC') votes by written procedure on amendments to IAS 28 regarding 'Long-Term Interest in Associates and Joint Ventures'.

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  • Heads Up — FASB amends guidance on cloud computing arrangements

    published 11 Sep 2018

    This Heads Up discusses FASB Accounting Standards Update (ASU) No. 2018-15, "Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract." The ASU aligns the accounting for costs incurred to implement a cloud computing arrangement that is a service arrangement with the guidance on capitalizing costs associated with developing or obtaining internal-use software.

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  • A Roadmap to Initial Public Offerings

    published 07 Sep 2018

    Preparing for an initial public offering (IPO) can be a complex, time-consuming, and often costly process. Accordingly, this Roadmap addresses financial reporting, accounting, and auditing considerations to help companies navigate challenges related to preparing an IPO registration statement and ultimately going public.

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