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  • IFRS Foundation (blue) Image
  • IFRS conference in Dubai

    24 Jul 2017

    The IFRS Foundation has announced a Middle East IFRS conference in Dubai on Wednesday 4 and Thursday 5 October 2017.

  • IASB (International Accounting Standards Board) (blue) Image
  • Updated IASB work plan — Analysis

    21 Jul 2017

    Following the IASB's July 2017 meeting, we have analysed the IASB work plan to see what changes have resulted from the meeting and other developments in the month of July. Changes are minor and the main message is that the IASB does currently not intend to issue any pronouncements until September 2017.

  • IASB (International Accounting Standards Board) (blue) Image
  • IASB appoints new Executive Technical Director

    21 Jul 2017

    The International Accounting Standards Board (IASB) has appointed Nili Shah as Executive Technical Director. She follows Hugh Shields in the role of leading the IASB's technical staff and being responsible for the efficient delivery of all technical activities.

  • IASB webcast Image
    AcSB (Accounting Standards Board - Canada) Image
  • IFRS 17 webinar for investors

    21 Jul 2017

    The IASB has made available a recording of a webinar held jointly by the IFRS Foundation and the Canadian Accounting Standards Board on IFRS 17 in July 2017.

  • IASB meeting (blue) Image
  • July 2017 IASB meeting notes posted

    20 Jul 2017

    The IASB met at its offices in London on 18 and 19 July 2017. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.

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    XBRL (eXtensible Business Reporting Language) (mid blue) Image
  • Illustrative tagging for IFRS 17

    19 Jul 2017

    The IFRS Foundation has published illustrative tagging for the proposed IFRS Taxonomy update regarding IFRS 17 'Insurance Contracts'.

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    European Union Image
  • HLEG questionnaire on interim report

    19 Jul 2017

    In mid-July, the High-Level Expert Group (HLEG) on Sustainable Finance, established by the European Commission, published a first report setting out concrete steps to create a financial system that supports sustainable investments. The HLEG has now launched a questionnaire aimed at gathering targeted feedback on the analysis and reflections in the interim report and informing the preparation of the final report.

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  • Heads Up — FASB makes targeted changes to guidance on accounting for certain financial instruments with down-round features Image
  • Heads Up — FASB makes targeted changes to guidance on accounting for certain financial instruments with down-round features

    published 21 Jul 2017

    This Heads Up discusses FASB Accounting Standards Update (ASU) No. 2017-11, which makes limited changes to the Board’s guidance on classifying certain financial instruments as either liabilities or equity. The ASU is intended to improve (1) the accounting for instruments with “down-round” provisions and (2) the readability of the guidance in ASC 480 on distinguishing liabilities from equity by replacing the indefinite deferral of certain pending content with scope exceptions.

  • EITF Snapshot — July 2017 Image
  • EITF Snapshot — July 2017

    published 21 Jul 2017

    This issue summarizes the topics discussed and conclusions reached at the July 20, 2017, meeting of the Emerging Issues Task Force.

  • Heads Up — Crisis adverted Image
  • Heads Up — Crisis averted

    published 20 Jul 2017

    This Heads Up discusses the SEC staff’s announcement at today’s meeting of the Emerging Issues Task Force that the staff would not object to elections by certain public business entities (PBEs) to use the non-PBE effective dates for the sole purpose of adopting the FASB’s new standards on revenue and leases.

  • Heads Up — FASB proposes targeted amendments to the related-party guidance for variable interest entities Image
  • Heads Up — FASB proposes targeted amendments to the related-party guidance for variable interest entities

    published 14 Jul 2017

    This Heads Up discusses the FASB’s proposed Accounting Standards Update (ASU), "Targeted Improvements to Related Party Guidance for Variable Interest Entities." The proposed ASU’s three main objectives are (1) to add an elective private-company scope exception to the variable interest entity (VIE) guidance for entities under common control, (2) to remove a sentence in ASC 810-10-55-37D regarding the evaluation of fees paid to decision makers to conform with the amendments in ASU 2016-17 (issued in October 2016), and (3) to make additional changes to the related-party guidance in the VIE primary-beneficiary assessment, including amending the guidance in ASC 810-10-25-44 (frequently referred to as the related-party tiebreaker test).

  • EFRAG endorsement status report 13 July 2017 Image
  • EFRAG endorsement status report 13 July 2017

    published 14 Jul 2017

    The endorsement status report has been updated to include a footnote that links to the text sent to the European Parliament and the Council of the European Union regarding the endorsement of 'Applying IFRS 9 'Financial Instruments' with IFRS 4 'Insurance Contracts' (Amendments to IFRS 4)'.

  • EFRAG endorsement status report 6 July 2017 Image
  • EFRAG endorsement status report 6 July 2017

    published 06 Jul 2017

    The endorsement status report has been updated to reflect that ARC voted in favour of endorsing amendments to IAS 7, amendments to IAS 12, and clarifications to IFRS 15. Final endorsement of these pronouncements is expected in the fourth quarter of 2017.

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