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This edition of Clearly IFRS outlines the proposals set out in the recent Exposure Draft ED/2019/2 Annual Improvements to IFRS Standards 2018–2020 (the ‘ED’), which was published by the IASB in May 2019 for public comment.
This Clearly IFRS addresses the proposed amendments to IFRS 9 Financial Instruments and IAS 39 Financial Instruments: Recognition and Measurement set out in Exposure Draft ED/2019/1 Interest Rate Benchmark Reform (Proposed amendments to IFRS 9 and IAS 39) (the ‘ED’) that has been published by the International Accounting Standards Board (IASB) in May 2019.
This Heads Up discusses the SEC’s recently issued proposed rule "Amendments to Financial Disclosures About Acquired and Disposed Businesses," which would amend 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 investors receive regarding acquired or disposed businesses, reduce complexity and costs of preparing the required disclosures, and facilitate timely access to capital.
This Heads Up offers an overview of the feedback the SEC has provided to registrants about their implementation of the FASB’s new revenue standard, ASC 606, "Revenue From Contracts With Customers." The newsletter highlights some key themes regarding the application of ASC 606 (related to accounting and disclosure requirements) that we noted in our review of approximately 400 SEC staff comments issued to date and presents examples of those comments.
This publication provides a brief status update on interbank offered rate (IBOR) replacement in some different jurisdictions but primarily focuses on some of the potential accounting consequences of the proposed IBOR replacement under IFRS Standards.
This special edition of Clearly IFRS sets out financial reporting issues relevant for years ending December 31, 2018, arising from areas of regulatory focus, changes to accounting standards and the economic environment more broadly.
This report provides comprehensive evidence of the current state of accounting for research and developments (R&D) by IFRS reporters and some of the factors that may lie behind it.
The 2018 Deloitte IFRS 17 global survey results reveal that over 50 percent of global and Canadian insurers somewhat agree that the benefits of IFRS 17 outweigh the expected costs.
This Clearly IFRS addresses the proposed amendments to IAS 37 Provisions, Contingent Liabilities and Contingent Assets set out in Exposure Draft ED/2018/2 Onerous Contracts—Cost of Fulfilling a Contract (ED) that has been published by the International Accounting Standards Board (IASB).
This publication discusses differences that are commonly found in practice between the International Accounting Standards Board’s IFRS® Standards and the FASB’s U.S. GAAP. The significance of these differences to a given entity will vary depending on such factors as the nature of its operations, the industry in which it operates, and the accounting policy choices it has made.
This Clearly IFRS addresses the recent amendments to IAS 1 Presentation of Financial Statements and IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors that have been published by the International Accounting Standards Board (IASB). The amendments are titled Definition of Material—Amendments to IAS 1 and IAS 8.
