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  • Hyperinflationary economies - updated IPTF watch list available

    14 Dec 2018

    IAS 29 'Financial Reporting in Hyperinflationary Economies' defines and provides general guidance for assessing whether a particular jurisdiction's economy is hyperinflationary. But the IASB does not identify specific jurisdictions. The International Practices Task Force (IPTF) of the Centre for Audit Quality (CAQ) monitors the status of 'highly inflationary' countries. The Task Force's criteria for identifying such countries are similar to those for identifying 'hyperinflationary economies' under IAS 29.

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  • IASB decides on first potential amendments to IFRS 17

    13 Dec 2018

    At its meeting currently held in London, the IASB discussed IFRS 17 'Insurance Contracts' and 13 of the 25 concerns regarding the standard that were identified in October 2018 as candidates for potential amendments.

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  • IASB publishes proposed amendments to IAS 37 regarding onerous contracts

    13 Dec 2018

    The International Accounting Standards Board (IASB) has published an exposure draft 'Cost of Fulfilling a Contract (Proposed amendments to IAS 37)' considering costs a company should include as the cost of fulfilling a contract when assessing whether a contract is onerous. Comments are requested by 15 April 2019.

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  • AcSB publishes final framework for reporting performance measures

    13 Dec 2018

    In order to help enhance the relevance of financial information, the Canadian standard-setter Accounting Standards Board (AcSB) has developed a framework responding to the needs of stakeholders about the performance measures reported by entities. The framework is aimed at enhancing the usefulness and transparency of performance measures for users when management chooses to report them outside financial statements.

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  • ANC Research Forum - recording available

    13 Dec 2018

    The Autorité des Normes Comptables (ANC), the French standard setter, hosted its 8th Symposium on Accounting Research on 10 December 2018. A recording of the event is now available.

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  • Agenda for the IASB meeting changed

    12 Dec 2018

    The agenda for the IASB meeting, which is currently being held in London, has been changed: Tomorrow's sessions have changed their order - most notably the session on IFRS 17 'Insurance Contracts' has been moved to the afternoon and will now begin at 13:00hrs UK time.

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  • Heads Up — FASB decks lessors’ halls with “lesser” requirements

    published 14 Dec 2018

    This issue discusses the FASB’s recently issued ASU No. 2018-20, "Narrow-Scope Improvements for Lessors," which is being released in response to certain concerns lessors have raised regarding the implementation of the Board’s new leasing standard, ASU 2016-02. Specific aspects of the lessor guidance in ASU 2016-02 that are being amended by ASU 2018-20 include (1) sales taxes and other similar guidance collected from lessees, (2) lessor costs paid directly by a lessee, and (3) recognition of variable payments for contracts with lease and nonlease components.

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  • IFRS on Point — November 2018

    published 13 Dec 2018

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

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  • A Roadmap to Accounting for Business Combinations

    published 07 Dec 2018

    This Roadmap provides Deloitte’s insights into and interpretations of the guidance in ASC 805 on business combinations, pushdown accounting, common-control transactions, and asset acquisitions as well as an overview of related SEC reporting requirements. While the accounting frameworks for this guidance have been in place for many years, views on applying them continue to evolve. This publication is intended to help entities navigate the guidance and arrive at appropriate accounting conclusions.

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  • A Roadmap to Accounting for Income Taxes (2018)

    published 06 Dec 2018

    This Roadmap provides Deloitte’s insights into and interpretations of the income tax accounting guidance in ASC 740 and IFRS® Standards. Throughout the Roadmap, new guidance has been added, including a new appendix, “Frequently Asked Questions About Tax Reform,” and minor edits have been made to existing guidance to improve its clarity.

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  • A Roadmap to the Presentation and Disclosure of Earnings per Share

    published 06 Dec 2018

    This Roadmap provides an overview of the accounting and disclosure guidance in ASC 260 as well as insights into how to apply the guidance in practice. The calculation of earnings per share (EPS) is a complex aspect of GAAP that is largely governed by “rules-based” guidance developed over many years in response to requests by constituents for interpretive guidance on certain narrow issues. This Roadmap is intended to help entities navigate the EPS accounting guidance, reduce complexity, and arrive at appropriate accounting conclusions.

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  • Report on the H2 2018 IFASS meeting

    published 06 Dec 2018

    Report summarising the discussions at the meeting of the International Forum of Accounting Standard Setters (IFASS) held in London on 2 and 3 October 2018.

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  • Thinking Allowed — IBOR replacement

    published 04 Dec 2018

    This publication provides a brief status update on interbank offered rate (IBOR) replacement in some different jurisdictions but primarily focuses on some of the potential accounting consequences of the proposed IBOR replacement under IFRS Standards.

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  • IFRSs and NL GAAP — Highlighting the key differences

    published 04 Dec 2018

    The eleventh edition of 'IFRSs and NL GAAP — Highlighting the key differences' provides a summary of key differences between the requirements of IFRSs compared to NL GAAP. This publication does not attempt to capture all of the differences between IFRSs and NL GAAP that may exist or that may be material to a particular company’s financial report.

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  • IFRS model financial statements 2018

    published 29 Nov 2018

    These financial statements illustrate the presentation and disclosure requirements of IFRSs for the year ended 31 December 2018 by an entity that is not a first-time adopter of IFRSs.

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