IFRS news archive

IFRS news archive

Need-to-know information on international standards in the accounting and regulatory space.

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Our breaking news articles and publications can be found here.

2022

IFRS compared to US GAAP (December 2022)
Your guide to the key differences between IFRS Standards and US GAAP
20 December 2022

 

Insurers’ initial views | IFRS 17 and IFRS 9
Potential impacts of the new standards begin to emerge
20 December 2022 | Insurance

 

Incorporating industry-specific materials
Companies would need to update certain estimates presented in comparative information
20 December 2022 | Sustainability reporting

 

Financed and facilitated emissions
Driving consistency in the reporting of emissions financed by financial institutions
20 December 2022 | Sustainability reporting

 

Scope 3 emissions
Disclosing data about the value chain
20 December 2022 | Sustainability reporting

 

Greenhouse gas emissions
Using the GHG Protocol to provide Scope 1, 2 and 3 emissions disclosures
20 December 2022 | Sustainability reporting

 

Understanding what to report
Explaining sustainability and linking to value creation
20 December 2022 | Sustainability reporting

 

Video blog - IFRS Sustainability Disclosure Standards (December 2022)
Helena Watson highlighting the key aspects from the ISSB’s December board meeting
20 December 2022 | Sustainability reporting

 

Progress update - IFRS Sustainability Disclosure Standards (December 2022)
A high-level visual overview of the ISSB’s December board meeting
20 December 2022 | Sustainability reporting

 

Illustrative disclosure for investment funds
Guide to annual financial statements – IFRS® Accounting Standards
12 December 2022 | Guides to IFRS financial statements

 

IFRIC agenda decisions - Definition of a lease and substitution rights
Guide to annual financial statements – IFRS® Accounting Standards
9 December 2022 

 

Illustrative disclosure for banks
Guide to annual financial statements – IFRS® Accounting Standards
7 December 2022 | Guides to IFRS financial statements

 

Fair value measurement handbook
Your guide to applying the requirements under IFRS® Accounting Standards and US GAAP
7 December 2022 | Financial instruments

 

Areas of focus for 2022 year ends
Accounting in uncertain times
6 December 2022 | Financial reporting in uncertain times

 

Global minimum top-up tax
Potential exception to deferred tax accounting
24 November 2022

 

Updating estimates in comparatives
Companies would need to update certain estimates presented in comparative information
22 November 2022 | Sustainability reporting

 

Disclosing transition plans and targets
Enhancing the transparency of information
22 November 2022 | Sustainability reporting

 

Timing of sustainability reporting
Ultimately at the same time as the financial statements
22 November 2022 | Sustainability reporting

 

Progress update - IFRS Sustainability Disclosure Standards (November 2022)
A high-level visual overview of the ISSB’s November board meeting
22 November 2022 | Sustainability reporting

 

Video blog - IFRS Sustainability Disclosure Standards (November 2022)
Mark Vaessen summarises what we learned from the ISSB’s November board meeting
22 November 2022 | Sustainability reporting

 

Reporting on topics other than climate
Clarifying the role of other guidance
18 November 2022 | Sustainability reporting

 

ESMA enforcement priorities for 2022
Calling for transparency and consistency within annual reports
10 November 2022 | Sustainability reporting

 

Towards global agreement on sustainability reporting
It has never been closer, nor more urgent
10 November 2022 | Sustainability reporting

 

Using climate-related scenario analysis
Companies will need to report on climate resilience using scenario analysis
4 November 2022 | Sustainability reporting resource centre

 

Classifying liabilities as current or non-current
IAS 1 amendments effective January 2024
3 November 2022

 

Sustainability reporting resource centre
27 October 2022

 

IFRS 17 and IFRS 9 pre-transition disclosure
20 October 2022 l Guides to IFRS financial statements

 

Moving to hybrid working
Is your leased office space impaired?
13 October 2022

 

Guide to annual financial statements - Illustrative disclosures (September 2022)
30 September 2022  l Guides to IFRS financial statements

 

Guide to annual financial statements - Disclosure checklist (September 2022)
30 September 2022 l Guides to IFRS financial statements

 

Proposed updates to IFRS for SMEs®
Maintaining alignment with IFRS Accounting Standards
29 September 2022

 

Acquiring insurance contracts
Transfers of insurance contracts and business combinations under IFRS 17 and IFRS 3
28 September 2022

 

Accounting for electronic payments
IASB to consider as part of its post-implementation review of IFRS 9
28 September 2022

 

Lease liability in a sale-and-leaseback
IFRS 16 amendments introduce a new model for variable lease payments
26 September 2022

 

Consistency in disclosure of expected credit losses
Recommendations for large banks to enhance ECL disclosures to meet investors’ needs
26 September 2022

 

A summary of what we learned from the ISSB's September board meeting (video)
Mark Vaessen summarises what we learned from the ISSB’s September board meeting
23 September 2022

 

Scalability
Considering ways to ensure the standards can be applied by all types of company
23 September 2022 | Sustainability reporting

 

Financed and facilitated emissions
Driving consistency in the reporting of emissions that banks, insurers and asset managers finance and facilitate
23 September 2022 | Sustainability reporting

 

Insights into IFRS® – Our latest thinking
Our practical guide to IFRS Accounting Standards
08 September 2022

 

ISSB: Work in progress (video)
What was discussed when the Board met for the first time
17 August 2022

 

Global minimum top-up tax under BEPS 2.0
Are disclosures in 2022 necessary before tax laws are changed?
10 August 2022

 

Sustainability reporting – Responding to ISSB proposals
KPMG comments on drafts of first two IFRS Sustainability Disclosure Standards
29 July 2022 | Sustainability reporting

 

Insurers – Reporting now and into 2023
IFRS 17 and IFRS 9 – Seven-step action plan to help you prepare
27 July 2022

 

Assessing if a contract is onerous
A seven-step logical approach
25 July 2022

 

Sustainability reporting will test the will of regulators
What gets measured gets managed. That's why we need globally consistent, comparable ESG standards
14 July 2022 | Sustainability reporting

 

Review of IFRS 10, 11 and 12 concludes
Application challenges could remain following post-implementation review
29 June 2022

 

IFRIC agenda decisions – Electronic payments
How much cash does your company have?
23 June 2022

 

How should companies account for hyperinflationary economies?
21 June 2022 | Financial reporting in uncertain times

 

Comparing international, EU and US sustainability reporting proposals
13 June 2022 | Sustainability reporting

 

Comparing sustainability reporting proposals
Comparing proposals from the ISSB, EFRAG and SEC
9 June 2022 | Sustainability reporting

 

Bank’s climate-related disclosure
Banks’ progress in disclosing climate-related matters has slowed down in 2021
7 June 2022 | Climate change – Financial reporting resource centre

 

What is the impact of external events on interim financial statements?
16 May 2022 | Financial reporting in uncertain times

 

IFRS 17 for non-insurers
Do you have an insurance contract in the scope of IFRS 17?
12 May 2022

 

How should companies assess and account for lack of currency exchangeability?
3 May 2022 | Financial reporting in uncertain times

 

Ukraine-Russia conflict – What are the impacts on accounting for investees?
3 May 2022 | Financial reporting in uncertain times

 

Bank’s climate-related disclosure
Benchmarking how banks reported in 2021 annual reports
26 April 2022 

 

Ukraine-Russia conflict – What are the implications for fair value measurement?
7 April 2022 | Financial reporting in uncertain times

 

Get ready for ISSB sustainability disclosures
Reporting could be as soon as 2022 year ends
31 March 2022 | Sustainability reporting

 

Disclosure checklist - Guide to condensed interim financial statements - 2022 edition
28 March 2022 l Guides to IFRS financial statements

 

Illustrative disclosures - Guide to condensed interim financial statements - 2022 edition
28 March 2022 l Guides to IFRS financial statements

 

IFRIC agenda decisions | SPAC transactions
Liability accounting or not?
26 March 2022

 

Financial reporting in uncertain times
25 March 2022

 

Combined and/or carve-out financial statements
This guide draws on our experience of this challenging area of reporting
16 February 2022 | IFRS Toolkit

 

Climate-related risks | Financial reporting impacts (podcast)
14 February 2022 | IFRS Today

 

IFRIC agenda decisions – Does an emissions scheme create an obligation? (video)
10 February 2022 | IFRS Today

 

How do you account for different forms of government assistance?
1 February 2022 | Climate change – Financial reporting resource centre

 

Lessors – How will climate-related risks impact operating and finance leases?
1 February 2022 | Climate change – Financial reporting resource centre

 

COVID-19 | Are fair values appropriately determined and disclosed?
1 February 2022 | COVID-19| Financial reporting

 

COVID-19 |How are expected credit losses on trade receivables impacted?
1 February 2022 | COVID-19| Financial reporting

 

COVID-19 | Have borrowers considered changes to the terms of their liabilities
27 January 2022 | COVID-19| Financial reporting

 

Have you disclosed the impacts of climate-related matters clearly?
17 January 2022 | Climate change – Financial reporting resource centre

2021

IFRS Video | Getting ready for sustainability reporting standards
Three top tips to prepare for the new standards
17 December 2021

 

IFRS compared to US GAAP (December 2021)
Your guide to the key differences between IFRS Standards and US GAAP
16 December 2021

 

Banks – Illustrative disclosures
Your essential guide to preparing financial statements for banks under IFRS Standards
13 December 2021

 

Investment funds – Illustrative disclosures
Your essential guide to preparing financial statements for investment funds under IFRS® Standards.
13 December 2021

 

Disclosure of supplier finance arrangements
Proposals focus on disclosures only
10 December 2021

 

New IFRS 17 transition option
Reducing accounting mismatches in comparatives on first application of IFRS 9 and IFRS 17
10 December 2021

 

Get ready for ISSB sustainability disclosures
Reporting could be as soon as 2022
3 December 2021 

 

COVID-19 podcast – Areas of focus for 2021 year ends
1 December 2021 | Accounting for the pandemic’s impacts on your business

 

Fair value measurement handbook – IFRS Standards and US GAAP
Your guide to applying fair value measurement requirements under both IFRS® Standards and US GAAP.
1 December 2021 | Financial Instruments

 

Classification of debt with covenants
29 November 2021 

 

What’s the impact on restructuring provisions?
17 November 2021 | Climate change – Financial reporting resource centre

 

ESMA enforcement priorities for 2021
Priorities for financial and non-financial information in 2021 annual reports
11 November 2021 

 

New sustainability standards board
ISSB to address demand for global sustainability disclosure standards
3 November 2021

 

A new transition option for IFRS 17
Reducing accounting mismatches in comparatives on first application of IFRS 9 and IFRS 17
2 November 2021 

 

IFRS 9 – Classification and measurement
Request for information on its application – Take this opportunity to raise your concerns
1 October 2021 | Financial Instruments

 

Illustrative disclosures - Guide to annual financial statements - 2021 edition
30 September 2021 | Guides to IFRS financial statements

 

Disclosure checklist - Guide to annual financial statements - 2021 edition
30 September 2021 | Guides to IFRS financial statements

 

IFRS 9 for insurers – Are you good to go?
New guide to help insurers to account for their financial instruments
27 September 2021

 

Insights into IFRS – Our latest thinking
Our practical guide to IFRS Standards
14 September 2021 | IFRS toolkit

 

Time to reverse impairment losses on non-financial assets?
2 September 2021

 

Simplifying subsidiaries' reporting
New IFRS standard proposed to reduce disclosures for qualifying subsidiaries
2 September 2021

 

A new transition option for IFRS 17
Proposal for an amendment to increase the usefulness of comparative information
29 July 2021

 

Insurers – Further guidance for audit committees on applying IFRS 17
Evaluating the auditors’ response to risks of material misstatement related to estimates
28 July 2021

 

Moving to hybrid working
Is your leased office space impaired?
27 July 2021

 

What are the potential impacts of climate change on inventories?
26 July 2021 l Climate change – Financial reporting resource centre

 

How might employee benefit arrangements be affected by climate-related risks?
22 July 2021 l Climate change – Financial reporting resource centre

 

Climate change and your financial statements
What are the impacts of climate-related risks and opportunities?
19 July 2021

 

Do green loans meet the SPPI criterion?
14 July 2021 l Climate change – Financial reporting resource centre

 

Cloud implentation costs
New guide for implementation costs incurred in a cloud service contract
14 July 2021

 

Mergers and acquisitions – Partnering with others
Key points to consider under IFRS® Standards
12 July 2021

 

IAS 1 amendments may be deferred
Board revisits amendments on classifying liabilities as current or non-current
8 July 2021

 

IFRIC agenda decisions – Wind farm energy
Do contracts between customers and wind farm operators contain leases?
29 June 2021

 

What’s the impact on useful lives and residual values of PP&E and intangible assets?
28 June 2021 l Climate change – Financial reporting resource centre

 

What’s the impact on cash flow projections used for impairment testing of non-financial assets?
28 June 2021 l Climate change – Financial reporting resource centre

 

Have you recorded all of your environmental and decommissioning obligations?
28 June 2021 l Climate change – Financial reporting resource centre

 

How do you account for emissions or ‘green’ schemes?
28 June 2021 l Climate change – Financial reporting resource centre

 

Do green bonds contain embedded derivatives?
28 June 2021 l Climate change – Financial reporting resource centre

 

Do you have a lease of green technology?
28 June 2021 l Climate change – Financial reporting resource centre

 

What's the impact on expected credit losses?
28 June 2021 l Climate change – Financial reporting resource centre

 

What’s the impact on the going concern assessment and related disclosures?
28 June 2021 l Climate change – Financial reporting resource centre

 

What are the potential impacts of leasing polluting assets?
28 June 2021 l Climate change – Financial reporting resource centre

 

Climate change – Financial reporting resource centre launches
28 June 2021

 

Progress in new transition option for IFRS 17
Classification overlay aims to alleviate accounting mismatches in comparative information
23 June 2021

 

Investor-focused management commentary
Proposed new framework designed to bring financial and non-financial information into a single report
15 June 2021

 

Potential new transition option for IFRS 17
Amendment discussed to alleviate potential accounting mismatches with IFRS 9
28 May 2021

 

Climate disclosure at banks
Risks are clear, but what are the opportunities?
20 May 2021

 

Lack of exchangeability
Addressing when a currency is exchangeable and estimating an exchange rate when it is not
17 May 2021

 

Sustainability reporting journey
Proposed constitution changes to enable formation of ISSB to set sustainability standards
13 May 2021

 

Recognising deferred tax on leases
Narrowing the scope of IAS 12’s initial recognition exemption to improve comparability
11 May 2021 

 

Banks and climate risk – Basel Committee reports
Basel Committee issues two new reports on climate-related financial risks
6 May 2021 

 

Disclosure checklist - Guide to condensed interim financial statements – 2021 edition
29 April 2021 l Guides to IFRS financial statements

 

Illustrative disclosures - Guide to condensed interim financial statements – 2021 edition
29 April 2021 l Guides to IFRS financial statements

 

IFRIC agenda decisions – April's meeting
29 April 2021

 

Mergers and acquisitions – Selling a business
Key points to consider under IFRS® Standards
22 April 2021

 

Paving the way to principles-based disclosure
Piloting the development of disclosure requirements based on judgement and user needs
15 April 2021

 

European banks and COVID-19 – What do 2020 annual accounts say?
What can we learn from the 2020 annual accounts of European banks about the impact of the pandemic on their loan books?
14 April 2021

 

Shaping the future standard-setting agenda
Board seeks views on strategic direction for IFRS® Standards
12 April 2021

 

Climate risk is financial risk – For banks it’s a board-level issue
What do the latest annual reports reveal about banks’ approaches to climate change?
7 April 2021

 

IFRS 17 – Interim reporting choices
Choosing how to treat prior period accounting estimates will affect financial performance
6 April 2021

 

IFRS 16 – An overview
The new normal for lease accounting
31 March 2021

 

Rent concessions – Lessee relief extended
One-year extension to practical expedient
31 March 2021

 

Acquiring loans
Accounting by banks for loans acquired either directly or through a business combination
30 March 2021

 

IFRIC agenda decisions – Cloud computing
Brian O'Donovan explains the importance of the recent decision for companies considering cloud computing
25 March 2021

 

Mergers and acquisitions - Buying a business
Accounting for combinations under IFRS® Standards
18 March 2021

 

Unifying sustainability reporting
IFRS® Foundation sets strategic direction for new investor focused sustainability reporting
16 March 2021

 

Brexit and financial reporting – Telling your story 
Impacts to consider in 2020 financial reports
16 March 2021

 

Accounting policy or estimate?
A new definition of and clarifications on accounting estimates
2 March 2021

 

Applying materiality when preparing financial statements
Companies encouraged to apply materiality and to provide company-specific disclosures
2 March 2021

 

IFRIC agenda decisions – An overview of February’s meeting
Brian O'Donovan offers an overview of the significant topics discussed at this month’s meeting of the IFRS Interpretations Committee
12 February 2021

 

Rent concessions – Proposal to extend relief
One-year extension proposed to IFRS 16 practical expedient
11 February 2021

 

Issue 2021-1 – 2020 year-end focus
This newsletter highlights some areas of focus in the run up to 2020 year-end financial reporting.
8 February 2021 | Financial Reporting Hot Topics

 

Rent concessions
Relief for rent concessions directly related to COVID-19
4 February 2021

 

Regulatory assets and regulatory liabilities
Proposals for a new IFRS® Standard for companies subject to rate regulation
28 January 2021

 

Non-GAAP measures – fact or fiction?
25 January 2021 | Financial Reporting Hot Topics

 

Review of IFRS® Standards 10, 11 and 12
Request for information on application issues – Take this opportunity to raise your concerns
19 January 2021

 

More debt could be classified as current
Classifying debt – Does hypothetical testing at the reporting date give the right outcome?
11 January 2021

 

Investment funds – Illustrative disclosures
Your essential guide to preparing financial statements for investment funds under IFRS® Standards
11 January 2021

2020

Fair value measurement handbook – IFRS Standards and US GAAP
Your guide to applying fair value measurement requirements under both IFRS® Standards and US GAAP.
17 December 2020

 

Banks – Audit of expected credit loss
Basel Committee issues guidance for audit committees on the audit of ECL estimates
11 December 2020

 

IFRIC agenda decisions – Three key topics from December’s meeting
Brian O'Donovan shares his take on some key topics discussed at this month's meeting of the IFRS Interpretations Committee
10 December 2020

 

COVID-19 podcast – Areas of focus for 2020 year ends
Accounting for the pandemic’s impacts on your business
10 December 2020

 

IFRS compared to US GAAP (December 2020)
Your guide to the significant differences between IFRS Standards and US GAAP
10 December 2020

 

Banks – Illustrative disclosures
Your essential guide to preparing financial statements for banks under IFRS® Standards
10 December 2020

 

Real estate leases
The landlord perspective
8 December 2020

 

Business combinations under common control
Consultation seeks to drive consistency in reporting
2 December 2020

 

Lease liability in a sale-and-leaseback
Proposed approach differs from IFRS 16’s general model for variable lease payments
27 November 2020

 

European banks and COVID-19 – Impacts on 2020 Q3 results
Do Q3 results give any more insights on how the pandemic is affecting the European banks’ loan books?
19 November 2020

 

ESMA enforcement priorities for 2020
European regulator highlights priorities for 2020 financial statements prepared under IFRS® Standards
10 November 2020

 

New standard setter for sustainability issue
IFRS Foundation proposes approach to achieve consistency and global comparability
8 October 2020

 

Illustrative disclosures - Guide to annual financial statements - 2020 edition
30 September 2020 | Guides to IFRS financial statements

 

Disclosure checklist - Guide to annual financial statements - 2020 edition
30 September 2020 | Guides to IFRS financial statements

 

COVID-19 supplement - Guide to annual financial statements - 2020 edition
30 September 2020 | Guides to IFRS financial statements

 

Insurers – Illustrative disclosures
Your essential guide to preparing financial statements under IFRS 17 and IFRS 9
30 September 2020 | Guides to IFRS financial statements

 

Insights into IFRS – Our latest thinking
Our practical guide to IFRS Standards
11 September 2020 | IFRS toolkit

 

IFRIC agenda decisions
Companies need to engage with IFRIC discussions
3 September 2020

 

IBOR reform – Phase 2 amendments
Targeted accounting relief for banks and corporates
3 September 2020 | IBOR reform

 

IBOR reform - Phase 2 final amendments issued
Targeted accounting relief to ease adoption of a new benchmark rate
27 August 2020 | IBOR reform

 

European banks and COVID-19 – the impact on 2020 half-year results
How is the pandemic affecting European banks’ loan books?
21 August 2020

 

IFRS 17 – Final amendments are out now
Insurers can now move ahead and get ready for transition in 18 months.
29 July 2020 | Insurance

 

IFRS 17 First impressions
Detailed analysis and insight on the amended standard
29 July 2020 | Insurance

 

IBOR reform - Approaching the end of phase two
The Board has completed its redeliberations and plans to publish final amendments in August
23 July 2020 | IBOR reform and IFRS

 

IFRS 16 – Lease term
How long is the lease?
14 July 2020 l Leases handbook

 

Issue 4 – Interim reporting in times of uncertainty
This newsletter highlights some of the interim relevant disclosure considerations to help your entity improve its communication of the overall financial impact of COVID-19 on your business.
10 July 2020 | Financial Reporting Hot Topics: Coronavirus

 

IBOR reform – Feedback on the exposure draft
Board receives 80 comment letters following 45-day comment period.
25 June 2020 |  IBOR reform and IFRS

 

Canadian banks and COVID-19 – Impacts on half-year results
How is the pandemic affecting Canadian banks' loan books?
22 June 2020

 

COVID-19 | Accounting for provisions
Finding the right balance between under- and over-providing for the impacts of the pandemic
18 June 2020

 

COVID-19 | Accounting for government assistance
How and when to account for government grants and other assistance
4 June 2020

 

COVID-19 | Estimating in uncertain times
How should management reflect the significant uncertainties in the future economic outlook when making estimates?
29 May 2020

 

Issue 3 – Relief for lessees on rent concessions
This newsletter summarises the IFRS 16 amendment (and the equivalent HKFRS 16 amendment), and explains the qualifying criteria and other considerations on whether and how to take advantage of the one-off relief.
29 May 2020 | Financial Reporting Hot Topics: Coronavirus

 

Annual Improvements to IFRS® Standards  
Amendments to IFRS 1, IFRS 9, IFRS 16 and IAS 41
27 May 2020

 

Banks – Q1 reports show impact of COVID-19
How is the pandemic affecting loan books?
21 May 2020

 

IFRS 17 – Fine-tuning before publication
The Board finalises sweep issues in anticipation of the final standard
21 May 2020

 

Accounting for proceeds before an asset’s intended use 
Amendments to IAS 16 will mainly affect extractive and petrochemical industries
14 May 2020

 

Assessing if a contract is onerous
Amendments to IAS 37 could increase contract loss provisions for some
14 May 2020

 

IFRS 17 – Moving forward with implementation
What this means for users and preparers of financial statements.
7 May 2020

 

Disclosure checklist - Guide to condensed interim financial statements – 2020 edition
29 April 2020 l Guides to IFRS financial statements

 

Illustrative disclosures - Guide to condensed interim financial statements – 2020 edition
29 April 2020 l Guides to IFRS financial statements

 

COVID-19 – Proposed amendments to IFRS® Standards 
Amendments proposed to IFRS 16 and IAS 1 and timeline for many projects extended
20 April 2020 

 

IBOR reform – Phase 2 exposure draft issued
A tight timeline for reviewing a wide range of proposals to account for benchmark reform
9 April 2020 | IBOR reform and IFRS

 

Re-shaping financial statement presentation
Proposals aim to bring more comparability, transparency and discipline.
8 April 2020 | Better communication in financial reporting

 

ESMA guidance on the COVID-19 impact on reporting ECLs
European regulator aims to promote consistent application of IFRS 9
25 March 2020 | Financial Instruments

 

Should goodwill amortisation be reintroduced?
Consultation seeks to help investors assess how acquisitions are performing
25 March 2020

 

Covid-19 | Financial reporting  
Resource centre on the financial reporting impacts of coronavirus
20 March 2020

 

IFRS compared to US GAAP
Your guide to the significant differences between IFRS® and US GAAP.
17 March 2020 | IFRS toolkit

 

IFRS 17 effective date deferred to 2023
Companies need to understand impacts on their business and maintain momentum for change
17 March 2020 | Insurance

 

IBOR reform – End of second-phase discussion
Preparations now underway for exposure draft in April 2020
27 February 2020 | IBOR reform and IFRS

 

IFRS 17 amendments – Final topics analysed
The Board completes redeliberations of substantive topics
26 February 2020 | Insurance

 

Issue 2 – Thoughts on financial instruments accounting
Thoughts on financial instruments accounting
24 February 2020 | Financial Reporting Hot Topics: Coronavirus

 

Issue 1 – Three questions for 2019 year-end
Three questions for 2019 year-end
21 February 2020 | Financial Reporting Hot Topics: Coronavirus

 

IFRS 16 – Applying the new leases standard
Key considerations for your first financial statements under IFRS 16, the new leases standard. View the video
7 February | IFRS Today

 

Insurers – Guidance for audit committees on IFRS®17 implementation
Global accounting networks issue guidance for audit committees
7 February | Insurance

 

IBOR reform – Broad discussions including new disclosures
Tentative decisions, potential amendments and new disclosures
31 January 2020 | IBOR reform and IFRS

 

IFRS®17 amendments – Five more topics redeliberated
The Board progresses its redeliberations by confirming three more amendments
31 January 2020 | Insurance

 

Classifying liabilities as current or non-current
Amendments could have a significant impact on classification of liabilities.
30 January 2020

 

Investment funds – Illustrative disclosures
Your essential guide to preparing IFRS financial statements for investment funds.
23 January 2020 | Guides to IFRS financial statements

2019

Fair value measurement – IFRS Standards and US GAAP
Your guide to applying fair value measurement requirements under both IFRS® Standards and US GAAP
17 December 2019 | IFRS toolkit

 

Consistency in disclosure of expected credit losses
Recommendations for large banks to enhance ECL disclosures to meet investors’ needs
16 December 2019

 

IBOR reform – Phase 2 discussions on hedge accounting
Tentative agreement on how reform of interbank offered rates (IBOR) may affect hedging
12 December 2019 | IBOR reform and IFRS

 

lllustrative disclosures for banks
Your essential guide to preparing financial statements for banks under IFRS® Standards
12 December 2019 | Guides to financial statements

 

IFRS®17 amendments – Redeliberations begin
The Board kicks off redeliberations by discussing two topics of wide application
12 December 2019 | Insurance

 

IFRS®17 – Clarity on approach to amendments
Process confirmed for finalising amendments to the new insurance standard
21 November 2019 | Insurance

 

ESMA enforcement priorities for 2019
European regulator highlights priorities for 2019 financial statements prepared under IFRS Standards
28 October 2019

 

IBOR reform – Blueprint for modifications under IFRS® 9
Board debates accounting for modifications to financial instruments relating to IBOR reform
23 October 2019 l IBOR reform and IFRS

 

IFRS®17 proposals – Outreach feedback 
Board provides feedback from stakeholder outreach – comment letter analysis due next month
23 October 2019 | Insurance

 

Annual disclosure checklists – 2019 edition
30 September 2019 | Guides to financial statements

 

Annual illustrative disclosures – 2019 edition
30 September 2019 | Guides to financial statements

 

IBOR reform – First-phase amendments issued
The Board has issued amendments to IFRS 9, IAS 39 and IFRS 7
27 September 2019 l IBOR reform and IFRS

 

Insights into IFRS – Our latest thinking
Our practical guide to IFRS Standards
11 September 2019 | IFRS toolkit

 

IBOR reform - First phase amendments imminent
The Board completes redeliberation on amendments to IFRS 9 and IAS 39
2 September 2019 | IBOR reform and IFRS

 

IFRS 16 - Lease components
The unit of account for lease accounting
2 September 2019 | Leases handbook

 

Applying materiality when preparing financial statements
IASB encourages companies to apply materiality judgements
19 August 2019 | IFRS disclosures

 

IAS 12 proposals – Recognising deferred tax on leases
Narrower application of IAS 12’s initial recognition exemption would improve comparability
17 July 2019

 

IFRS 17 amendments
Proposed amendments should prompt insurers to step up the pace of implementation
15 July 2019 | Insurance

 

Revenue
IFRS 15 handbook
25 June 2019 | Revenue

 

Calling all companies
How will you be impacted by interest rate reforms?
13 June 2019 

 

IFRIC Updates – Regulators are paying attention; are you?
Keep an eye on the Committee’s output
22 May 2019 | IFRS Today

 

IFRS 17 – Final steps before exposure draft
Comment period set at 90 days, sweep issues discussed at Board meeting
16 May 2019 | Insurance

 

Proposals focus on agenda decisions
Due process update to reflect current practices and conventions
15 May 2019 | Guides to IFRS financial statements

 

Earnings per share – IAS 33 handbook
Your step-by-step guide to EPS calculations and application issues under IFRS.
13 May 2019 | IFRS toolkit

 

IBOR reform – IFRS exposure draft issued
Users of hedge accounting have only a short time to comment on the proposed reliefs
3 May 2019 | IBOR reform and IFRS

 

Cryptoassets - Accounting and tax
What are the potential implications?
18 April 2019 | IFRS Today

 

Cryptoassets - Accounting and tax
What’s the impact on your financial statements?
18 April 2019 | Future of IFRS

 

IFRS 17 – Fine-tuning and finalising the proposals
Board completes discussions about implementation challenges – exposure draft due in June
10 April 2019 | Insurance

 

Disclosure checklist - Guide to condensed interim financial statements – 2019 edition 
10 April 2019 | Guides to IFRS financial statements

 

Illustrative disclosures - Guide to condensed interim financial statements – 2019 edition 
10 April 2019 | Guides to IFRS financial statements

 

IFRS 17 – April 2019 TRG meeting summary
Members discussed investment components in insurance contracts
5 April 2019 | Insurance

 

IFRS 17 – Three more proposed amendments
Changes proposed to three more areas of the insurance contracts standard
15 March 2019 | Insurance

 

IBOR reform – How would the proposed relief be applied?
March decisions clarify how potential amendments would apply and when initial relief would end
14 March 2019 | Financial Instruments

 

Brexit and financial reporting – Part two
Uncertainty could impact KPIs
12 March 2019 | IFRS Today

 

Brexit and financial reporting
Questions for audit committees
28 February 2019 | IFRS Today

 

Leases – Overcoming the challenges of complying
What our global survey reveals
15 February 2019 | IFRS Today

 

IFRS 17 – Further key amendments proposed
Proposals target loan contracts and transition requirements
11 February 2019 | Insurance

 

IBOR reform – Possible changes to support hedge accounting
Potential amendments to IFRS 9 and IAS 39 as benchmark interest rates undergo reform
8 February 2019 | Financial Instruments

 

IFRS 17 – Important amendments in the pipeline
New proposals to amend the insurance contracts standard in four areas  
24 January 2019 | Insurance

 

Measuring fair value – Is IFRS 13 working as intended?
IFRS 13 is achieving its objectives, but application challenges remain in judgemental areas
16 January 2019 | 


Assessing if a contract is onerous
Proposed amendments to IAS 37 could increase contract loss provisions for some
8 January 2019 | 


Investment funds – Illustrative disclosures
Your essential guide to preparing IFRS financial statements for investment funds.
4 January 2019 | Guides to IFRS financial statements

2018

Proposed amendment to insurance standard
Proposal to amend presentation requirements to ease implementation challenges 
14 December 2018 | Insurance 


First full-year results under IFRS 9
Our initial impressions of the first annual financial statements published under the new standard
12 December 2018 | Real time IFRS 9


Illustrative disclosures for banks
Your essential guide to preparing IFRS financial statements for banks
11 December 2018 | Guides to IFRS financial statements


IFRS 16 – Transition to the new leases standard
What’s the best option for your business on transition to IFRS 16?
29 November 2018 | Leases


Shared-based payments
IFRS 2 handbook
29 November 2018 | IFRS toolkit


Consistency in disclosure of expected credit losses
Recommendations for large banks to enhance ECL disclosures to meet investors’ needs
28 November 2018 | Financial Instruments

 

Preparing for IFRS 16, the new leases standard
What should your priorities be?
21 November 2018 | IFRS Today


Applying materiality when preparing financial statements
IASB refines its definition of material and encourages companies to apply judgement
20 November 2018 | IFRS disclosures


IFRS 17 – Proposed deferral of effective date to 2022
Proposal to defer insurance standard by one year and extend temporary exemption from IFRS 9
15 November 2018 | Insurance


IFRS 17 journey - no time to rest
How are insurers coping in the run-up to adoption?
7 November 2018 | IFRS Today


ESMA enforcement priorities for 2018
European regulator highlights priorities for 2018 IFRS financial statements
2 November 2018


IFRS 17 – IASB considers amending the standard
Insurers’ concerns and implementation challenges give much for the Board to think about
26 October 2018 | Insurance

 

IFRS 3 amendments – Clarifying what is a business
Amendments provide more guidance on the definition of a business, but complexities remain
25 October 2018 | Business combinations


Crypto-assets – Risk and governance
Questions for audit committees to ask
19 October 2018 | IFRS Today


IFRS 17 – September 2018 TRG meeting summary
TRG members discussed several implementation questions about the new standard
4 October 2018 | Insurance

 

IFRS 9 year-end challenges for banks
The story that hasn’t been told yet.
4 October 2018 | IFRS Today


Tenants’ real estate leases
IFRS 16 for real estate tenants
2 October 2018 | Leases

 

Annual disclosure checklists – 2018 edition
24 September 2018 | Guides to IFRS financial statements

 

Annual illustrative disclosures – 2018 edition
24 September 2018 | Guides to IFRS financial statements

 

Achieving a smooth year-end reporting process
Learning from the interims
19 September 2018 | IFRS Today


New IFRS Standards: Are you ready?
IFRS web tool for newly effective standards
18 September 2018 | IFRS toolkit

 

IFRS 16 – Lease modifications
Accounting for changes
11 September 2018 | Leases

 

Insights into IFRS
An overview 
10 September 2018 | IFRS - Our latest thinking

 

IFRS 9 bank disclosures – Half-year 2018 reporting
Half-year reporting adds new insights on impairment
30 August 2018 | Real time IFRS 9


IFRS 9 -  Hedge accounting for corporates
Unlocking the opportunities
26 July 2018 | IFRS Today


Introducing Blockchain and cryptocurrencies
Some key impacts and implications
19 July 2018 | IFRS Today

 

IAS 32 – Distinguishing between liabilities and equity
Proposals for clearer classification principles and enhanced presentation and disclosure
10 July 2018 | Financial Instruments


IFRS 17 – CSM allocation: What’s the issue?
Predicting the impact of IFRS 17 on earnings
29 June 2018 | IFRS Today


European review questions approach to IFRS
As Europe looks at corporate reporting, IFRS is in the spotlight, with global implications
22 June 2018


Investment management companies – Are you good to go?
Key considerations for Investment managers when implementing IFRS 15.
25 May 2018| Revenue 


IFRS 16 Leases – Where are companies underestimating the impacts?
There are some implementation and process changes to be addressed in the near term
23 May 2018 | IFRS Today


Revenue – Embedding and explaining the changes
How are companies coping so far with operationalising IFRS 15?
23 May 2018 | IFRS Today

 

IFRS 9 bank disclosures – Taking a closer look after first quarter reporting
Several banks have provided first quarter disclosures with varying levels of granularity
18 May 2018 | Real time IFRS 9

 

IFRS 17 – May 2018 TRG meeting summary
TRG members discussed several implementation questions about the new insurance contracts standard
14 May 2018 | Insurance

 

Conceptual Framework – The new foundation for IFRS
The revised Framework will underpin the IASB’s thinking when developing new standards 
29 March 2018 

 

Disclosure checklist - Guide to condensed interim financial statements – 2018 edition 
29 March 2018 | Guides to IFRS financial statements

 

Illustrative disclosures - Guide to condensed interim financial statements – 2018 edition
29 March 2018 | Guides to IFRS financial statements

 

IFRS 9 bank disclosures – A deeper dive into what we know so far
A close look at banks’ disclosures on IFRS 9’s expected credit loss model
28 March 2018 | Real time IFRS 9

 

Consumer markets and retail – Implementing IFRS 16
Insight and analysis on the impact of the new leases standard
21 March 2018 | Leases


Banks under the spotlight with new disclosures
Quality and clarity of explanations is key
16 March 2018 | IFRS Today

 

IFRS 9 bank disclosures – Increased detail brings clearer focus
Banks issue more detailed information, yielding some interesting perspectives
6 March 2018 | Real time IFRS 9

 

New disclosures for corporates – Are you prepared to tell all?
Disclosure requirements more detailed than ever before
1 March 2018 | IFRS Today

 

IFRS 9 bank disclosures – First picture starting to emerge
The first glimpses of the impact of IFRS 9 adoption by banks
20 February 2018 | Real time IFRS 9

 

IFRS 17 – February 2018 TRG meeting summary
TRG members discussed several implementation questions about the new standard
13 February 2018 | Insurance



Clearer accounting for defined benefit plans
Amendment to IAS 19 clarifies current service and net interest accounting
12 February 2018 |


Insurers – Illustrative disclosures
Your essential guide to preparing financial statements under IFRS 17 and IFRS 9
31 January 2018 | Guides to IFRS financial statements

 

Financial instruments – Introducing IFRS 9
Our insight and analysis on the impact of IFRS 9 Financial Instruments.
31 January 2018 | Financial Instruments

 

The Bank Statement – Q4 2017
This newsletter looks at IFRS and regulatory matters affecting accounting by banks
19 January 2018 | Banking


New standards – Tell the right story in your IFRS disclosures
Manage stakeholder expectations
18 January 2018 | IFRS Today


Impact of US tax reforms on IFRS financial statements
Significant changes to US tax legislation impact all companies with operations in the US
18 January 2018

2017

IFRS 16 - Ilustrative disclosures
Your essential guide to the new lease disclosures
15 December 2017 | Guides to IFRS financial statements

 

Fair malue measurement – IFRS and US GAAP
Your guide to applying fair value measurement requirements under both IFRS and US GAAP.
15 December 2017 | IFRS toolkit

 

IFRS compared to US GAAP
We look at the main differences of principle, emphasis or application between IFRS and US GAAP.
14 December 2017 | IFRS toolkit

 

Guide to annual financial statements – Illustrative disclosures for investment funds 
Your essential guide to preparing IFRS financial statements for investment funds.
13 December 2017 | Guides to IFRS financial statements

 

Banks – IFRS 15 could affect 25% of operating income 
It’s time to look beyond IFRS 9
12 December 2017 | IFRS Today

 

IFRS 15 for automotive suppliers  – Are you good to go?
Key considerations for auto parts makers on implementing the new revenue recognition standard. 
6 December 2017 | Revenue


Guides to annual financial statements: supplement  – Bank – IFRS 9 pre-transition disclosures 
The 2017 supplement to the 2016 edition updates the pre-transition disclosures on the impact of the adoption of IFRS 9 Financial Instruments.
6 December 2017 | Guides to IFRS financial statements


IFRS 9 elections – An essential pre-holiday job
Complete your hedge accounting documentation or your hedges may no longer comply!
30 November 2017 | IFRS Today


Financial Instrument Newsletter Issue 43 – Towards a new model for DRM
The Board agreed that the accounting model for dynamic risk management (DRM) should improve transparency, address the capacity issue and provide a simple and reliable performance metric while reflecting the fluid nature of DRM.
23 November 2017 | Financial Instruments


IFRS 16 – Lease payments
Determining the lease liability
21 November 2017 | Leases


IFRS 16 – What didn’t the standard tell us?
Early learnings from the front line of lease conversion projects
16 November 2017 | IFRS Today

 

ESMA enforcement priorities for 2017
European regulator highlights priorities for 2017 IFRS financial statements 
31 October 2017 | Disclosures

 

Transition – It’s a reputational risk, not just a number
Moving to the new standards is a process across several phases
17 October 2017 | IFRS Today

 

Guide to annual financial statements: IFRS 15 supplement 
26 October 2017 | Guides to IFRS financial statements

 

IFRS 9 – Changes warranting immediate attention
Prepayment features with negative compensation and modifications of financial liabilities
12 October 2017 | Financial Instruments

 

The Bank Statement – Q3 2017
Modification of financial instruments
12 October 2017 | Banking

 

IFRS 9 – Opportunities and complexities for corporates
Chance to better align hedge accounting with risk management policies
2 October 2017 | Financial Instruments

 

IFRS 9 for corporates – Are you good to go?
Global accounting networks issue guidance for audit committees
2 October 2017 | Financial Instruments

 

Applying materiality when preparing financial statements
IASB issues guidance for companies on making materiality judgements
29 September 2017 | Disclosures

 

Accounting policy or estimate? 
Proposed clarifications aim to reduce diversity in practice
28 September 2017 | Disclosures

 

Financial instruments Newsletter Issue 42 – DRM discussions continue 
The IASB staff presented an education session to the Board in which it discuss (i) prepayment risk and ways to manage it, and (ii) hedge accounting and capacity.
27 September 2017 | Financial instruments

 

Leases discount rates
What’s the correct rate?
13 September 2017 | Leases

 

IFRS 15 – Beware of changes to your top-line and KPIs!
Business unit heads could be surprised by the real impact of the new revenue standard
31 August 2017 | IFRS Today

 

Banks – Auditing IFRS 9’s ECL requirements
Global accounting networks issue guidance for audit committees
31 July 2017 | Banking

 

New standards – Coordinating group and local numbers
Are central and local finance teams on the same page?
27 July 2017 | IFRS Today

 

Financial instruments Newsletter Issue 41 – Final prepayment amendments 
The Board completed its technical re-deliberations on the exposure draft Prepayment Features with Negative Compensation.
26 July 2017 | Financial instruments

 

First Impressions: Insurance Contracts 
Introduce IFRS 17 key requirements with the use of illustrative examples and features KPMG’s insights. 
18 July 2017 | Insurance

 

New insurance contracts standard – Introducing IFRS 17  
Insight and analysis on the impact of IFRS 17 Insurance Contracts
18 July 2017 | Insurance

 

Banks – Are you good to go?
Key considerations that banks need to focus on when implementing IFRS 15.
13 July 2017 | Revenue

 

Insurance – Are you good to go?
Key considerations that insurance companies need to focus on when implementing IFRS 15.
13 July 2017 | Revenue

 

The Bank Statement – Q2 2017
Credit loss accounting for dual reporters
12 July 2017 | Banking

 

Investment management – Are you good to go?
Key considerations that investment management companies need to focus on when implementing IFRS 15.
4 July 2017 | Revenue

 

New standards – Good and bad news on IT implementation
Critical time challenge to get your systems ready 
29 June 2017 | IFRS Today

 

Financial instruments Newsletter Issue 40 – IFRS 9 prepayment amendments 
The Board discussed feedback received in comment letters on the exposure draft Prepayment features with Negative Compensation.
29 June 2017 | Financial instruments 

 

Accounting for sale proceeds before an asset’s intended use
Proposed narrow-scope amendments to IAS 16
23 June 2017

 

Airlines – Are you good to go?
Key considerations that airline companies need to focus on when implementing IFRS 15.
15 June 2017 | Revenue

 

Media – Are you good to go?
Key considerations that media companies need to focus on when implementing IFRS 15.
8 June 2017 | Revenue

 

Income tax exposure 
IFRIC 23 clarifies the accounting treatment
8 June 2017 | IFRS toolkit

 

Food, drink and consumer goods companies – Are you good to go?
Key considerations that food, drink and consumer goods companies need to focus on when implementing IFRS 15.
1 June 2017 | IFRS Today

 

New standards – Taking investors by the hand 
What disclosures will you have to make in this year’s interim and annual reports?
31 May 2017 | IFRS Today

 

Measuring fair value – Share your experience of IFRS 13
The IASB has issued a request for information seeking feedback in several areas of focus
30 May 2017 | IFRS toolkit

 

Technology – Are you good to go?
Practical guidance for software and technology companies on implementing the new revenue recognition standard.
25 May 2017 | Revenue

 

Financial Instruments Newsletter Issue 39 – Next steps on the DRM project
Discussions on DRM activities continue
24 May 2017 | Financial instruments 

 

Prepayment features with negative compensation
Proposed narrow-scope amendment to IFRS 9 for particular financial assets
24 May 2017 | Financial instruments

 

Pharmaceuticals – Are you good to go?
Our latest publication looks at the key considerations pharma and life sciences companies need to focus on when implementing IFRS 15.
16 May 2017 | Revenue

 

Retail – Are you good to go?
Our latest publication looks at the key considerations retailers and wholesalers need to focus on when implementing IFRS 15.
4 May 2017 | Revenue 

 

IFRS 15 – Earnings surprises in store for investors? 
Investors need to assess how the new revenue recognition standard will affect earnings 
28 April 2017 | IFRS Today

 

IFRS 16 Leases definition 
Under the new leasing standard, IFRS 16, lease definition becomes the key on-/off-balance sheet test.
27 April 2017 | Leases

 

Aerospace and defence – Are you good to go?
Key considerations that aerospace and defence companies need to focus on when implementing IFRS 15.
27 April 2017 | Revenue

 

Construction – Are you good to go?
Implementing IFRS 15 – Key considerations that companies in the construction sector need to focus on.
13 April 2017 | Revenue

 

The Bank Statement – Q1 2017
Stage transfer criteria for impairment
13 April 2017 | Banking

 

Real estate developers – Are you good to go?
What are the key considerations that real estate developers need to focus on when implementing IFRS 15?
7 April 2017 | Revenue

 

Disclosure checklist - Guide to condensed interim financial statements - 2017 edition
31 March 2017 | Guides to IFRS financial statements

 

Illustrative disclosures - Guide to condensed interim financial statements - 2017 edition
31 March 2017 | Guides to IFRS financial statements

 

New standards – Setting the tone at the top
10 questions for audit committees – to focus discussions with management of corporates on implementation of the new standards 
31 March 2017 | IFRS Today

 

Operating segments – Responding to the PIR of IFRS 8
Proposed amendments seek to improve IFRS 8 after Post-implementation Review
31 March 2017 | Business combinations

 

Financial instruments Newsletter Issue 38 – DP on FICE expected this year
Technical deliberations largely completed on the FICE project
30 March 2017 | Financial instruments 

 

Transport companies – Implementing IFRS 15
We look at how IFRS 15 Revenue from Contracts with Customers will affect companies in the transport sector, and how KPMG can help.
13 March 2017 | Revenue

 

Consumer goods – Implementing IFRS 15
Now that the IASB and FASB have published a new joint standard on revenue recognition, the real work for food, drink and consumer goods companies is just beginning.
13 March 2017 | Revenue

 

Housebuilders – Implementing IFRS 15
We look at how IFRS 15 Revenue from Contracts with Customers will affect companies in the housebuilding sector, and how KPMG can help.
9 March 2017 | Revenue

 

Financial Instruments Newsletter Issue 37 – FICE discussions continue
The IASB has continued its discussions on financial instruments withcharacteristics of equity.
2 March 2017 | Financial Instruments

 

IFRS 9 impairment Newsletter Issue 4 – Revolving credit facilities
The IASB has discussed an issue relating to how the period of exposure isdetermined for revolving credit facilities, such as credit cards.
1 March 2017 | Financial Instruments



Insurance Newsletter Issue 57 – Making the finishing touches
In February, the IASB addressed issues arising from the feedback it received from the external testing and drafting process of the forthcoming insurance contracts.
1 March 2017 | Insurance 

 

IFRS 15 Revenue – The reality may surprise you
10 reasons why CFOs should be worried.
27 February 2017 | IFRS Today

 

Guide to annual financial statements: Illustrative disclosures for banks (IAS 39)
17 February 2017 | Guides to IFRS financial statements

 

Insurance contract – No time to watch and wait
12 questions to kickstart your successful transition.
31 January 2017 | Insurance 

 

Power & utilities – Implementing IFRS 15
Now that the IASB and FASB have published a new joint standard on revenue recognition, the real work for power and utilities companies is just beginning.
25 January 2017 | Revenue 

 

Financial Instruments Newsletter Issue 36 – Symmetric prepayment options
The IASB has started work on a narrow-scope project on 'make-whole' prepayment options.
25 January 2017  |  Financial Instruments

 

Insurance - final standard expected in May 2017
IASB expects sweep issues from the IFRS 17 fatal flaw review to be discussed in February.
19 January 2017 | Insurance 

 

Proposed annual improvements to IFRS
Amendments proposed to IAS 12, IAS 23, IAS 28 and IFRS 9
16 January 2017 | Business combinations

 

The Bank Statement – Q4 2016 
KVA – Adjustments for regulatory capital costs.
10 January 2017 | Banking

 

Regulators call for action on new accounting standards 
IOSCO stresses importance of implementation and disclosure on IFRSs 9, 15 and 16.
6 January 2017 | Disclosures

2016

Financial Instruments Newsletter Issue 35 – Derivatives on own equity
Further progress has been made in exploring classification under the Gamma approach.
16 December 2016 | Financial Instruments


Guide to annual financial statements: Illustrative disclosures for investment funds
15 December 2016 | Guides to IFRS financial statements

 

Transfers to and from investment property
The IASB has amended IAS 40 on transfers of property assets to, or from, investment property.
14 December 2016   


Foreign currency transactions – Advance consideration 
IFRIC 22 clarifies the transaction date used to determine the exchange rate.
09 December 2016  

 

Integrated Reporting – Closing the reporting gap 
Investors want better information on business value drivers. How can <IR> principles help? 
1 December 2016 


Insurance Newsletter Issue 56 - Setting the stage for a final standard
This month, the IASB discussed its findings from the external testing of a draft of the forthcoming insurance contracts standard (IFRS 17), and addressed some of the issues raised.
23 November 2016 | Insurance


Financial Instruments Newsletter Issue 34 – The puttables exception
Further progress has been made in exploring classification under the Gamma approach.
22 November 2016 | Financial Instruments


Banks – Rising to the challenges of IFRS 9
10 focus questions for management and audit committees.
16 November 2016 | Financial Instruments 


IFRS – What's next on the agenda?
IASB publishes five-year work plan following stakeholder consultation.
11 November 2016 | The future of IFRS


ESMA enforcement priorities for 2016
European regulator highlights priorities for 2016 IFRS financial statements
2 November 2016 | Disclosures


Investment managers – Implementing IFRS 15
Investment managers should not underestimate the potential impact of the new revenue standard that's effective from 1 January 2018.
31 October 2016 | Revenue


Financial Instruments Newsletter Issue 33 – Alternative settlement outcomes
Further progress has been made in exploring the classification of claims with alternative settlement outcomes.
25 October 2016 | Financial Instruments


Annual disclosure checklists – 2016 edition
18 October 2016 | Guides to IFRS financial statements


Annual illustrative disclosures – 2016 edition
18 October 2016 | Guides to IFRS financial statements

 

The Bank Statement – Q3 2016
Comparing IFRS 9 and US GAAP impairment
11 October 2016 | Banking


Leases – 10 key questions to help you prepare for IFRS 16
What do you need to think about when planning to implement the new standard?
7 October 2016 | IFRS Today


Oil and Gas - Implementing IFRS 15
The new revenue standard – effective from 1 January 2018 – is having an impact  across the oil and gas sector.
30 September 2016 | Revenue


Banks – Are you prepared for IFRS 9?
The new financial instruments standard – effective from 1 January 2018 – is proving to be a momentous accounting change for banks.
29 September 2016 | Banking


Financial Instruments Newsletter Issue 32 – Moving the FICE project forward
Further progress has been made in exploring presentation and disclosure requirements.
28 September 2016 | Financial Instruments


Insurance – IFRS 4 amendments 
Amendments respond to industry concerns about the impact of differing effective dates. 
23 September 2016 | Insurance


Telcos – Implementing IFRS 15
IFRS 15 is having a profound effect across the telecommunications sector.
7 September 2016 | Revenue


New insurance contracts standard – It’s time to engage
Insurers may experience greater volatility in profit or loss and equity on applying the new standard.
29 July 2016 | Insurance


Brexit – Financial reporting implications
Our briefing document addresses the initial accounting and reporting impacts.
29 July 2016  


Revenue – Regulator calls for transparency on impacts on IFRS 15 
ESMA promotes consistent application of new revenue standard.
28 July 2016 | Revenue


Financial Instruments Newsletter Issue 31 – the FICE project continues
Further progress has been made in exploring the classification of derivatives on own equity.
26 July 2016 | Financial Instruments


Insurance amendments – IFRS 9 temporary exemption 
The IASB expects to issue its final insurance amendments in September 2016. 
20 July 2016 | Insurance


The Bank Statement – Q2 2016
Impact of IFRS 16 and more on the leverage ratio
12 July 2016 | Banking


Clarifying business combinations accounting
New definition of a business aims to be narrower and to facilitate more robust decision making
4 July 2016 | Business Combinations


IFRS – Better communication
IASB chairman makes better communication a priority for the coming years
1 July 2016 | The future of IFRS


Insurance Newsletter Issue 55 – Fine-tuning the forthcoming standard
The IASB has turned its attention to sweep issues that have arisen during the balloting process for the forthcoming insurance contracts standard.
29 June 2016 | Insurance


Clarifying share-based payment accounting
Amendments to IFRS 2 clarify the accounting for certain types of arrangements.
21 June 2016 | Employee benefits


Non-GAAP measures – Moving towards global transparency
IOSCO promotes transparency and comparability in its new statement
17 June 2016 | Disclosures


Banks – Implementing IFRS 9’s impairment requirements
Global accounting networks issue guidance to help audit committees oversee implementation.
17 June 2016 | Banking


Insurance – Implementing IFRS 15
Insurers should not underestimate the potential impact of the new revenue standard that's effective from 1 January 2018.
9 June 2016 | Insurance

 

Viewpoint Podcast: ‘Level of aggregation’ under IFRS 4 Phase 2 for insurers
Find out more about one of the key drivers of profit recognition in the new model.
24 May 2016 | Insurance


Insurance Newsletter Issue 54 – IFRS 4 amendments set for balloting
The IASB has finished its discussions on the differing effective dates of IFRS 9 and the forthcoming insurance contracts standard.
24 May 2016 | Insurance

 

Financial Instruments Newsletter Issue 30 – Characteristics of equity
Further progress has been made in exploring ways to present useful information not captured by a binary classification approach.
23 May 2016 | Financial Instruments

 


The Bank Statement – Q1 2016
Measuring ECL and clearing OTC derivatives
29 April 2016 | Banking


Financial Instruments Newsletter Issue 29 – Characteristics of equity
Further progress has been made in exploring the implications of attributing profit or loss and OCI to derivative equity claims.
28 April 2016 | Financial Instruments


Insurance Newsletter Issue 53 – Revised criteria for deferring IFRS 9
The IASB is to broaden the qualifying criteria for deferring IFRS 9 and introduce additional relevant disclosures.
27 April 2016 | Insurance


Accounting for revenue is changing
What’s the impact on your business?
26 April 2016 | Revenue


First Impressions: IFRS 15 Revenue-It’s time to engage
Our digestible introduction to the clarified version of IFRS 15.
14 April 2016 | Revenue

 

Condensed interim disclosure checklist – 2016 edition
31 March 2016 | Guides to IFRS financial statements


Condensed interim illustrative disclosures – 2016 edition
31 March 2016 | Guides to IFRS financial statements

 

Insurance Newsletter Issue 52 – Direction set for IFRS 4 amendments
At its February meetings, the IASB instructed the staff to begin the balloting process for the forthcoming insurance contracts standard.
21 March 2016 | Insurance

 

Guide to annual financial statements: IFRS 9 – Illustrative disclosures for banks
15 March 2016 | Banking


Financial Instruments Newsletter Issue 28 – Characteristics of equity
Looking at ways to improve IAS 32.
24 February 2016 | Financial Instruments

 

Disclosure on changes in financing liabilities
Amendments to IAS 7 require additional disclosures.
12 February 2016 | Disclosures


The Bank Statement – Q4 2015
IFRS 9 implementation and Pillar
31 February 2016 | Banking


Deferred tax assets on unrealised losses
IASB clarifies deferred tax treatment for debt instruments under IAS 12.
29 January 2016 | Income taxes 


Insurance Newsletter Issue 51 – Planned technical redeliberations now complete
The IASB considered the level of aggregation for onerous contracts and allocation of CSM and continued its discussion regarding discretionary cash flows.
27 January 2016 | Insurance


Slideshare: IFRS 16 Leases – A more transparent balance sheet
This SlideShare presentation gives a high-level visual summary of the key messages and the business impacts of the new leases standard.
13 January 2016 | Leases


New lease accounting standard brings added transparency to the balance sheet
Press release on the new lease accounting standard IFRS 16.
13 January 2016 | Leases


First Impressions: IFRS 16 Leases – A more transparent balance sheet
A detailed overview of the new leasing standard and its effect on financial statements.
12 January 2016 | Leases

2015

Banks – Accounting for expected credit losses 
Basel Committee issues guidance on credit risk and accounting for expected credit losses.
22 December 2015 | Banking

 

IFRS 9 Impairment Newsletter Issue 3 – ITG clarifies implementation issues
The new expected credit loss model for the impairment of financial instruments has triggered a variety of implementation issues.
16 December 2015 | Financial instruments


Banks – EDTF guidance on new credit risk disclosures
Principles on bank disclosures updated to reflect accounting for expected credit losses
9 December 2015 | Banking


Opening the black box: Demystifying IFRS 4 Phase 2 
Through illustrative examples using one of the components of a complete set of IFRS financial statements.
8 December 2015 | Insurance

 

Disclosures – Regulator says quality, not quantity, is key 
ESMA states key principles for improving disclosures in financial statements. 
10 November 2015 | Disclosures


Annual disclosure checklists – 2015 edition
11 September 2015 | Guides to IFRS financial statements


Annual illustrative disclosures – 2015 edition
11 September 2015 | Guides to IFRS financial statements


Annual illustrative disclosures – IFRS 15 supplement
11 September 2015 | Guides to IFRS financial statements


IFRS 15 – 2018 effective date confirmed
IASB confirms a one-year deferral of the effective date of its new revenue standard.
27 July 2015 | Revenue


Performance reporting – Conceptual Framework
Would the IASB’s proposals resolve the long-standing issue of performance reporting? 
29 June 2015 | The future of IFRS


Business combinations – Is IFRS 3 working as intended?
The IASB has reviewed feedback on the effectiveness of business combination accounting. 
19 June 2015 | Business Combinations


The future direction of IFRS
What should be the core principles for setting accounting standards under IFRS?  
28 May 2015 | The future of IFRS


Condensed interim disclosure checklist – 2015 edition
31 March 2015 | Guides to IFRS financial statements


Condensed interim illustrative disclosures – 2015 edition
31 March 2015 | Guides to IFRS financial statements


Making financial statements more relevant
Clarifications to IAS 1 aim to improve financial statement disclosures. 
15 January 2015 | Disclosures


Investment entities – Consolidation accounting
Intermediate investment entities are the focus of these narrow-scope IFRS amendments.
8 January 2015 | Business Combinations

2014

Guide to annual financial statements: IAS 39 – Illustrative disclosures for banks 
18 December 2014 | Guides to IFRS financial statements


Construction – Implementing IFRS 15
With the arrival of the new revenue standard – IFRS 15 Revenue from Contracts with Customers – the construction industry has effectively lost its contract accounting ‘rule book’.
30 September 2014 | Revenue


Transfer of assets in transaction with associate or JV
Amendments to IFRS 10 and IAS 28 address long-standing accounting conflict for investors. 
15 September 2014 | Business Combinations

 

First Impressions: IFRS 9 Financial Instruments
This First Impressions provides our detailed analysis on the complete version of IFRS 9 Financial instruments, issued in July 2014.
11 September 2014 | Financial Instruments


Annual disclosure checklists – 2014 edition
11 September 2014 | Guides to IFRS financial statements


Annual illustrative disclosures – 2014 edition
11 September 2014 | Guides to IFRS financial statements


Annual illustrative disclosures – IFRS 12 supplement
11 September 2014 | Guides to IFRS financial statements


Separate financial statements – Equity method
Amendments to IAS 27 allow use of equity method for separate financial statements.
13 August 2014 | Financial Instruments


Insurance – Implementing IFRS 9
The new financial instruments standard is part of a sea-change in reporting for insurers.
28 July 2014 | Financial Instruments


In the Headlines: Financial instruments – the complete standard
Fundamental changes call for careful planning.  
25 July 2014 | Financial Instruments 


Accounting for dynamic risk management activities
A new approach to macro hedge accounting aims to better reflect risk management in IFRS.  
22 July 2014 | Financial Instruments 


Business combinations – Interests in a joint operation
Amendments to IFRS 11 will result in more consistent business combination accounting.
7 May 2014 | Business Combinations


Goodwill impairment – Who cares?
KPMG report highlights stakeholder support for rethinking treatment of goodwill under IFRS.
2 April 2014 | Business Combinations


Condensed interim disclosure checklist – 2014 edition
1 April 2014 | Guides to IFRS financial statements


Condensed interim illustrative disclosures – 2014 edition
1 April 2014 | Guides to IFRS financial statements

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