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  • IASB document (blue) Image
  • IASB issues 'Investor Update' newsletter

    03 Jun 2020

    The IASB has issued the latest edition of its newsletter 'Investor Update', which profiles recently introduced IFRS Standards and other changes to the pipeline as well as how those changes may affect companies and performance.

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  • IVSC concludes article series on goodwill amortisation

    02 Jun 2020

    The International Valuation Standards Council (IVSC) has published the third article in a series looking into whether principles underlying business valuations are compatible with the concept of goodwill amortisation. The series aims at encouraging public discussion by exploring certain fundamental questions in this area to inform financial statement preparers, reviewers, and users, and aid the capital market.

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    FASB (US Financial Accounting Standards Board) (lt blue) Image
  • FASB and ASBJ hold biannual meeting

    02 Jun 2020

    On 1 June, the FASB and the Accounting Standards Board of Japan (ASBJ) held a joint virtual meeting. The meeting was the 27th in a series of biannual meetings between the two standard-setters.

  • IOSCO (International Organization of Securities Commissions) (dark gray) Image
  • IOSCO statement on importance of disclosure about COVID-19

    02 Jun 2020

    The International Organization of Securities Commissions (IOSCO) has issued a public statement on the importance of disclosure about COVID-19 aspects to highlight financial reporting issues that should be considered by issuers in order to provide investors with relevant and reliable information in their financial reports and related disclosure documents.

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  • IFRS on Point — May 2020

    published 04 Jun 2020

    '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 — FASB defers effective dates of revenue and leasing standards for certain entities Image
  • Heads Up — FASB defers effective dates of revenue and leasing standards for certain entities

    published 03 Jun 2020

    This Heads Up discusses the FASB’s recently issued Accounting Standards Update (ASU) No. 2020-05, "Revenue From Contracts With Customers (Topic 606) and Leases (Topic 842): Effective Dates for Certain Entities." The ASU amends the effective dates of the Board’s standards on revenue and leasing to give immediate relief to certain entities as a result of the widespread adverse economic effects and business disruptions caused by the coronavirus disease 2019 pandemic.

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  • Accounting considerations in response to COVID-19 — Expected credit losses on financial assets

    published 03 Jun 2020

    COVID-19 can affect the ability of borrowers, whether corporate or individuals, to reimburse amounts owed. Individual and corporate borrowers may have a particular exposure to the economic impacts in their geography and industry sector. The impact of COVID-19 on expected credit losses (or ECL) will be particularly challenging and significant for banks and other lending businesses. However, the effect could also be significant for non-financial corporates. This is because ECL does not only apply to loans but also applies to many investments in interest bearing financial assets.

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  • EFRAG endorsement status report 3 June 2020

    published 03 Jun 2020

    The endorsement status report has been updated to reflect that the IASB issued 'Reference to the Conceptual Framework', 'Property, Plant and Equipment — Proceeds before Intended Use', 'Onerous Contracts — Cost of Fulfilling a Contract', and 'Annual Improvements to IFRS Standards 2018–2020' on 14 May 2020, that the IASB issued 'Covid-19-Related Rent Concessions' on 28 May, and that EFRAG published final endorsement advice on 'Covid-19-Related Rent Concessions' on 2 June 2020.

  • Heads Up — SEC issues final rule to improve disclosures for business acquisitions and dispositions Image
  • Heads Up — SEC issues final rule to improve disclosures for business acquisitions and dispositions

    published 02 Jun 2020

    This Heads Up discusses the SEC’s recently issued final rule, "Amendments to Financial Disclosures About Acquired and Disposed Businesses," which amends the financial statement requirements for acquisitions and dispositions of businesses, including real estate operations, and related pro forma financial information. These changes are intended to improve the information that investors receive regarding acquired or disposed businesses, reduce the complexity and costs of preparing the required disclosures, and facilitate timely access to capital.

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  • A Roadmap to the Presentation and Disclosure of Earnings per Share (2020)

    published 29 May 2020

    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 2020 edition includes several new discussions, as well as some modifications to previously expressed views, to reflect our latest thinking and input from standard setters and regulators.

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