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  • IFRS IC meeting (blue) Image
  • IFRS Interpretations Committee holds September 2019 meeting

    18 Sep 2019

    The IFRS Interpretations Committee met in London on 17 September 2019 to discuss nine issues, including three new interpretation requests. We have posted Deloitte observer notes for the technical issues discussed during this meeting.

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

    18 Sep 2019

    The IASB will meet in London on 24–26 September 2019 to discuss 15 topics. 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.

  • IFASS (International Forum of Accounting Standard Setters) (dark green) Image
  • Agenda for the October 2019 IFASS meeting

    18 Sep 2019

    The International Forum of Accounting Standard Setters (IFASS) will meet in London on 1–2 October 2019. This will be the first meeting under the new IFASS Chair Mr Yasunobu Kawanishi, Board member of the Accounting Standards Board of Japan (ASBJ).

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  • September 2019 IASB meeting agenda posted

    13 Sep 2019

    The IASB has posted the agenda for its next meeting, which will be held at its offices in London on 24–26 September 2019. There are 15 topics on the agenda.

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image
  • EFRAG draft comment letter on proposed amendments to IAS 12

    13 Sep 2019

    The European Financial Reporting Advisory Group (EFRAG) has issued a draft comment letter on the IASB exposure draft ED/2019/5 ‘Deferred Tax Related to Assets and Liabilities Arising from a Single Transaction — Proposed amendments to IAS 12'.

  • ESMA (European Securities and Markets Authority) (dark gray) Image
  • ESMA continues series of video tutorials on ESEF

    11 Sep 2019

    The European Securities and Markets Authority (ESMA) has released the third in a series of tutorial videos designed to guide market participants through the new requirements of European Single Electronic Format (ESEF), which will become effective in 2020.

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  • Heads Up — FASB reexposes proposed ASU on simplification of the balance sheet classification of debt Image
  • Heads Up — FASB reexposes proposed ASU on simplification of the balance sheet classification of debt

    published 19 Sep 2019

    This Heads Up discusses the FASB’s recently issued proposed ASU on simplifying the classification of debt in a classified balance sheet. The proposal, which is a revised version of the Board’s January 2017 proposed ASU on the same topic, is intended to reduce the cost and complexity of determining whether debt should be classified as current or noncurrent in a classified balance sheet. Comments on the proposed ASU are due by October 28, 2019.

  • Short-term leases Image
  • Short-term leases

    published 19 Sep 2019

    This publication provides a step-by-step explanation of the accounting implications of the various subsequent changes that might impact a short-term lease’s classification using practical and easy to follow examples.

  • A Roadmap to Non-GAAP Financial Measures (2019) Image
  • A Roadmap to Non-GAAP Financial Measures (September 2019)

    published 17 Sep 2019

    The September 2019 edition of this Roadmap includes new and updated discussions of common themes identified by the SEC staff in comment letters and public statements as well as other recent developments related to non-GAAP measures. Appendix H of the Roadmap outlines the key changes made since publication of the January 2019 edition.

  • Accounting Spotlight — Revenue recognition — Identifying performance obligations Image
  • Accounting Spotlight — Revenue recognition — Identifying performance obligations

    published 17 Sep 2019

    This Accounting Spotlight discusses the identification of performance obligations under the new revenue standard (the guidance in ASU 2014-09, “Revenue From Contracts With Customers (Topic 606),” as amended). The publication explains that an entity applying the new revenue standard is required to identify a performance obligation by determining whether a promised good or service is (1) capable of being distinct and (2) distinct within the context of the contract. If the promised good or service does not meet both of these requirements, it must be combined with other goods or services promised in the contract until there is a combination of goods or services that meets the requirements.

  • IFRS on Point — August 2019 Image
  • IFRS on Point — August 2019

    published 16 Sep 2019

    '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.

  • Heads Up — Critical audit matters make their debut! Image
  • Heads Up — Critical audit matters make their debut!

    published 30 Aug 2019

    This Heads Up summarizes critical audit matters (CAMs) by account/disclosure from auditors’ reports from all large accelerated filers with fiscal years ending June 30, 2019, filed as of August 29, 2019. The CAMs most often identified were related to goodwill and intangible assets, revenue, and income taxes.

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  • EFRAG endorsement status report 29 August 2019

    published 29 Aug 2019

    The endorsement status report has been updated to reflect the Accounting Regulatory Committee ('ARC') positive vote on 'Amendments to References to the Conceptual Framework in IFRS Standards' and 'Amendments to IAS 1 and IAS 8: Definition of Material'.

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