IAS Plus

We comment on three IFRS Interpretations Committee tentative agenda decisions

21 Aug 2018

We have published our comment letters on IFRS Interpretations Committee tentative agenda decisions related to IAS 21 and IAS 23, as published in the June 2018 IFRIC Update.

EFRAG publishes a feedback statement on its 2018 research agenda feedback statement

21 Aug 2018

The European Financial Reporting Advisory Group (EFRAG) has published a feedback statement on its 2018 research agenda consultation.

IASB posts webcast on IFRS 17

20 Aug 2018

The IASB has posted a webcast on insurance contracts with participation and other features in IFRS 17 'Insurance Contracts'.

IASB member discusses the relevance of accounting information

17 Aug 2018

On 9 August 2018, IASB member Ann Tarca gave a lecture during a conference at the University of Western Australia in Perth.

IPSASB publishes guidance on financial instruments

17 Aug 2018

The International Public Sector Accounting Standards Board (IPSASB) has released IPSAS 41 'Financial Instruments'.

IIRC launches a new <IR> Academic Database

14 Aug 2018

The International Integrated Reporting Council (IIRC) has launched a new <IR> Academic Database. The database highlights potential positive benefits of adopting integrated reporting (<IR>) and emerging best practice based on academic studies.

IFRS Foundation issues seven educational modules on IFRS for SMEs

14 Aug 2018

The IFRS Foundation has issued seven new stand-alone educational modules which support the learning, application, and reading of financial statements prepared with the IFRS for SMEs Standard.

IASB releases fifth FICE DP webast

13 Aug 2018

The IASB has released its fifth webcast in a series of web presentations related to Discussion Paper, “Financial Instruments With Characteristics of Equity.”

Agenda for the September 2018 IFRS Advisory Council meeting

09 Aug 2018

An agenda has been released for the upcoming meeting of the IFRS Advisory Council, which is being held in London on 4–5 September 2018.

IFRS Foundation moves London office

07 Aug 2018

The IFRS Foundation has relocated its offices within London. The new address for the IFRS Foundation — including the IASB — is 7 Westferry Circus, Canary Wharf, London. All email addresses and phone numbers will remain the same.

Insurance Spotlight — FASB makes targeted improvements to the accounting for certain long-duration insurance contracts

published 21 Aug 2018

This Insurance Spotlight highlights key aspects of the targeted improvements to the accounting for long-duration insurance contracts. A summary of new disclosures required by ASU 2018-12 is provided in the appendix.

IPSAS in your pocket — 2018 edition

published 21 Aug 2018

This guide summarises the provisions of all International Public Sector Accounting Standards (IPSAS), recommended practice guidelines and the conceptual framework, outstanding at 1 September 2018.

EFRAG endorsement status report 15 August 2018

published 15 Aug 2018

The endorsement status report has been updated to reflect the Accounting Regulatory Committee ('ARC') votes by written procedure on IFRIC 23 and Annual Improvements to IFRS Standards 2015–2017.

IFRS in Focus — IASB publishes Discussion Paper on Financial Instruments with Characteristics of Equity

published 15 Aug 2018

This issue outlines the key concepts of the IASB's June 2018 discussion paper DP/2018/1 'Financial Instruments with Characteristics of Equity'.

IFRS on Point — July 2018

published 13 Aug 2018

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

IFRS model financial statements 2017 — Appendix 1: Early adoption of IFRS 16 'Leases'

published 10 Aug 2018

This Appendix has been produced to complement the 'International GAAP Holdings Limited' Model financial statements for the year ended 31 December 2017. It focuses on the changes introduced by the requirements in IFRS 16 'Leases' which is effective for annual periods beginning on or after 1 January 2019 (earlier application is permitted if disclosed and if IFRS 15 'Revenue from Contracts with Customers' is also applied).

A Roadmap to the Preparation of the Statement of Cash Flows (2018)

published 10 Aug 2018

This Roadmap provides Deloitte’s insights into and interpretations of the accounting guidance on the statement of cash flows, primarily that in ASC 230, "Statement of Cash Flows."

Heads Up — FASB re-leases targeted improvements to ASC 842

published 07 Aug 2018

This Heads Up discusses the FASB’s recently issued Accounting Standards Update (ASU) No. 2018-11, "Targeted Improvements to ASC 842, Leases," which provides entities with relief from the costs of implementing certain aspects of the new leasing standard, ASC 842. Specifically, under the amendments in ASU 2018-11, (1) entities may elect not to recast the comparative periods presented when transitioning to ASC 842 and (2) lessors may elect not to separate lease and nonlease components when certain conditions are met.

IFRS compliance, presentation and disclosure checklist 2018

published 06 Aug 2018

The checklist summarises the recognition, measurement, presentation and disclosure requirements set out in IFRSs in issue as of 30 April 2018.

IAS 34 compliance checklist 2018

published 03 Aug 2018

The checklist summarises the requirements of IAS 34 'Interim Financial Reporting', formatted to allow the recording of a review of interim financial statements, with a place to indicate yes, no, or not-applicable for each item. The checklist addresses the requirements of IAS 34 as of 30 April 2018.

IASB Meeting — 17–18 July 2018

Start: 17 Jul 2018 - End: 18 Jul 2018

The IASB met in London on 17–18 July 2018 to discuss nine topics.

IASB Meeting — 19–21 June 2018

Start: 19 Jun 2018 - End: 21 Jun 2018

The IASB met in London on 19–21 June 2018 to discuss fifteen topics and included an educational session with the FASB.

IFRS Interpretations Committee meeting — 12 June 2018

Start: 12 Jun 2018 - End: 12 Jun 2018

The IFRS Interpretations Committee met in London on Tuesday 12 June 2018 and discussed seven issues, including two new interpretation requests.

IASB Meeting — 22–23 May 2018

Start: 22 May 2018 - End: 23 May 2018

The IASB met in London on Tuesday 22 and Wednesday 23 May 2018 to discuss seven topics.

IFRS Interpretations Committee meeting — 9 May 2018

Start: 09 May 2018 - End: 09 May 2018

The IFRS Interpretations Committee met via Video Conference Call on Wednesday 9 May 2018.

IASB Meeting — 24–25 April 2018

Start: 24 Apr 2018 - End: 25 Apr 2018

The IASB met in London on Tuesday 24 and Wednesday 25 April 2018 to discuss six projects.

IASB Meeting — 21–22 March 2018

Start: 21 Mar 2018 - End: 22 Mar 2018

The IASB met in London on Wednesday 21 and Thursday 22 March 2018, discussing seven projects.

IFRS Interpretations Committee meeting — 13 March 2018

Start: 13 Mar 2018 - End: 12 Mar 2018

The IFRS Interpretations Committee met in London on Tuesday 13 March 2018. The Committee discussed ten issues, including five new interpretation requests.

IASB Meeting — 20 and 22 February 2018

Start: 20 Feb 2018 - End: 22 Feb 2018

The IASB held a public meeting on 20 and 22 February 2018. There were eight topics on the agenda.

IASB Meeting — 24–25 January 2018

Start: 24 Jan 2018 - End: 25 Jan 2018

The IASB held a public meeting on Wednesday 24 and Thursday 25 January 2018. There were six topics on the agenda with the longest slots for primary financial statements and the PIR of IFRS 13 'Fair Value Measurement'.