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  • IASB (International Accounting Standards Board) (blue) Image
  • Standard-setters split on whether to prohibit non-IFRS information in financial statements

    19 Oct 2017

    In March this year, the IASB published its discussion paper DP/2017/1 'Disclosure Initiative — Principles of Disclosure'. Comments were requested by 2 October, and 100 comment letters have by now been made available on the IASB website. An analysis shows that standard-setters are split on the question whether a general disclosure standard should prohibit an entity from including "non-IFRS information" or information that is inconsistent with IFRSs in its financial statements.

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image
    European Union Image
  • EFRAG suggests quick endorsement of IFRS 9 amendments

    18 Oct 2017

    The European Financial Reporting Advisory Group (EFRAG) has issued positive draft endorsement advice on 'Prepayment Features with Negative Compensation (Amendments to IFRS 9)', not even a week after the amendments were issued by the IASB.

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

    16 Oct 2017

    The IASB will meet at its offices in London on 24–25 October 2017. 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.

  • IASB meeting (blue) Image
  • October 2017 IASB meeting agenda posted

    16 Oct 2017

    The IASB has posted the agenda for its next meeting, which will be held at its offices in London on 24 and 25 October 2017. There are seven topics on the agenda.

  • IASB document (blue) Image
  • IASB finalises amendments to IAS 28 regarding long-term interests in associates and joint ventures

    12 Oct 2017

    The International Accounting Standards Board (IASB) has published 'Long-term Interests in Associates and Joint Ventures (Amendments to IAS 28)' to clarify that an entity applies IFRS 9 'Financial Instruments' to long-term interests in an associate or joint venture that form part of the net investment in the associate or joint venture but to which the equity method is not applied.

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  • IFRS 16 discount rates Image
  • A guide to the incremental borrowing rate — Assessing the impact of IFRS 16 'Leases'

    published 19 Oct 2017

    The issuance of IFRS 16 'Leases' has resulted in a significant number of companies expecting to see material changes in the presentation of their financial statements as a result of bringing operating leases onto the balance sheet and changing the way in which expenses are recorded in the income statement. The discount rate assumption is one of the most important judgements that management will need to make and the one which may have the largest quantitative impact on the lease asset and liability valuations.

  • 18 October Image
  • EFRAG endorsement status report 18 October 2017

    published 18 Oct 2017

    This endorsement status report update reflects that EFRAG published draft endorsement advice on 'Prepayment Features with Negative Compensation (Amendments to IFRS 9)'. Final endorsement is currently expected in 2018.

  • Singapore Illustrative Financial Statements 2017 Image
  • Singapore Illustrative Financial Statements 2017

    published 17 Oct 2017

    This publication provides a set of sample financial statements of a fictitious group of companies. GAAP Singapore Ltd is a company incorporated in Singapore and its shares are listed on the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST). The illustrative financial statements include the disclosures required by the Singapore Companies Act, SGX-ST Listing Manual, and Singapore Financial Reporting Standards (FRSs) and Interpretations of Singapore Financial Reporting Standards (INT FRSs) that are issued as at 31 August 2017.

  • EFRAG endorsement status report 12 October 2017 Image
  • EFRAG endorsement status report 12 October 2017

    published 12 Oct 2017

    This endorsement status report update reflects the issuance of 'Prepayment Features with Negative Compensation (Amendments to IFRS 9)' and 'Long-term Interests in Associates and Joint Ventures (Amendments to IAS 28)' on 12 October 2017. Final endorsement of the amendments is currently expected in 2018.

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