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  • IASB podcast (blue) Image
  • IASB issues podcast on latest Board developments

    18 Dec 2018

    The IASB has released a podcast featuring Chair Hans Hoogervorst, Vice-Chair Sue Lloyd and education director Matt Tilling to discuss the deliberations at the December 2018 IASB meeting.

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  • December 2018 IASB meeting notes posted

    18 Dec 2018

    The IASB met on Tuesday 11, Wednesday 12 and Thursday 13 December 2018 to discuss twelve topics. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.

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  • Updated IASB work plan — Analysis

    17 Dec 2018

    Following the IASB's December 2018 meeting, we have analysed the IASB work plan to see what changes have resulted from the meeting and other developments since the work plan was last revised in November. Changes are numerous and quite a few projects have been delayed.

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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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  • IFRS in Focus — Closing out 2018 Image
  • IFRS in Focus — Closing out 2018

    published 18 Dec 2018

    This special edition of 'IFRS in Focus' sets out financial reporting issues relevant for years ending 31 December 2018, arising from areas of regulatory focus, changes to accounting standards and the economic environment more broadly.

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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.

  • A Roadmap to Accounting for Business Combinations Image
  • 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.

  • A Roadmap to Accounting for Income Taxes (2018) Image
  • 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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