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  • Agenda for the upcoming IFASS meeting

    15 Feb 2018

    The International Forum of Accounting Standard Setters (IFASS) will meet in Mumbai on 12 and 13 April 2018. Among the topics to be discussed are the strategy of the IFRS Interpretations Committee regarding tentative agenda decisions as well as approaches and experiences regarding the adoption of new standards (IFRS 15, IFRS 16, IFRS 17).

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  • Pre-meeting summaries for the February IASB meeting

    14 Feb 2018

    The IASB will meet at its offices in London on 20 and 22 February 2018. 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.

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  • Compendium of Ind AS Clarification Bulletins

    12 Feb 2018

    India is currently in its process of implementating the Indian Accounting Standards (Ind AS), which are largely converged with International Financial Reporting Standards (IFRSs). For addressing transition related queries, an Ind AS Transition Facilitation Group (ITFG) has been set up that issues clarification bulletins addressing implementation issues from time to time. For ease of reference, the 14 bulletins issued so far have now been condensed into one compendium.

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  • February 2018 IASB meeting agenda posted

    09 Feb 2018

    The IASB has posted the agenda for its next meeting, which will be held at its offices in London on 20 and 22 February 2018. There are eight topics on the agenda.

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  • Two videos from the stakeholder event in connection with the last meeting of the IFRS Foundation Trustees

    09 Feb 2018

    In conjunction with the IFRS Foundation Trustees meeting in Hong Kong on 31 January, the IFRS Foundation and the Hong Kong Institute of Certified Public Accountants (HKICPA) organised a stakeholder dinner for companies, investors, regulators and others in Hong Kong with an interest in financial reporting. The event saw a welcome speech by Michel Prada and a panel discussion on 'Hong Kong and IFRS Standards: past, present and future'.

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  • Financial Reporting Alert 18-4 — FASB Issues ASU on Reclassifying Certain Tax Effects From AOCI Image
  • Financial Reporting Alert 18-4 — FASB issues ASU on reclassifying certain tax effects from AOCI

    published 12 Feb 2018

    This Financial Reporting Alert discusses the FASB's recently issued Accounting Standards Update (ASU) No. 2018-02, "Reclassification of Certain Tax Effects From Accumulated Other Comprehensive Income." This publication is an update to our February 12, 2018, Financial Reporting Alert, which addressed the tentative decisions made by the FASB at its February 7, 2018, meeting with respect to the exposure draft on which the ASU is based.

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  • EFRAG endorsement status report 8 February 2018

    published 08 Feb 2018

    The endorsement status report has been updated to reflect that the European Union has formally adopted the amendments resulting from the 2014-2016 cycle of annual improvements.

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  • EFRAG endorsement status report 7 February 2018

    published 07 Feb 2018

    The endorsement status report has been updated to reflect that the IASB has issued "Amendments to IAS 19: Plan Amendment, Curtailment or Settlement," and updated expected endorsement timeframe for IFRIC 23 and amendments to IFRS 9.

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  • Deloitte e-learning — IFRS 15

    published 06 Feb 2018

    This Deloitte e-learning module provides training in the background, scope and principles under IFRS 15 'Revenue from Contracts with Customers', and the application of this Standard. Topics covered include the principles for the recognition of revenue to the sale of goods, services, licenses, royalties, and any variable consideration or modifications to contracts; and guidance is provided on how these principles should be applied by using the new five step revenue recognition model.

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  • IFRS on point — January 2018

    published 06 Feb 2018

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

  • Shipping Spotlight — Navigating a vessel through the new revenue and leases standards Image
  • Shipping Spotlight — Navigating a vessel through the new revenue and leases standards

    published 01 Feb 2018

    This Shipping Spotlight discusses the new revenue and leases standards with a focus on implementation considerations for the shipping industry. Specifically, this publication addresses select aspects of the new revenue and leases standards that relate to certain common arrangements in the shipping industry, such as (1) voyage charters, (2) contracts of affreightment, (3) time charters, (4) bareboat charters, and (5) vessel pool arrangements.

  • Financial Reporting Alert 18-3 — SAB 118 implementation issues Image
  • Financial Reporting Alert 18-3 — SAB 118 implementation issues

    published 30 Jan 2018

    This Financial Reporting Alert discusses issues associated with the implementation of SAB 118 (codified as SEC Staff Accounting Bulletin Topic 5.EE, “Income Tax Accounting Implications of the Tax Cuts and Jobs Act”) related to (1) the global intangible low-tax income policy election, (2) uncertain tax positions, and (3) indefinite reinvestment assertions.

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