The Group’s agenda covers a range of topics, which includes leases, revenue, financial instruments, as well as the timing of applying agenda decisions, uncertain tax positions and more. Register today to attend as an in-person or virtual observer! As reported by The Standard. Find out more Visit TheGAAP.net daily to be kept up to date on accounting information, trends and
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This month we’re looking what the IASB (International Accounting Standards Board) has been doing about improving the application of IAS 36 Impairment of Assets and specifically dealing with Goodwill and Impairment. The Board is looking at making the application of IAS 36 easier by using the unrecognized excess of the recoverable amount over the carrying amount of a cash‑generating unit
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The International Accounting Standards Board (the Board) has today issued IFRIC 23 Uncertainty over Income Tax Treatments to specify how to reflect uncertainty in accounting for income taxes. As reported by The Standard. IFRIC Interpretations (Interpretations) form part of the authoritative IFRS requirements. They are developed by the IFRS Interpretations Committee to provide requirements on specific application issues and are
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The IASB has issued a Discussion Paper that suggests principles to make disclosures in financial statements more effective. Canadian stakeholders are encouraged to provide feedback directly to the IASB by October 2, 2017. As reported by The Standard. Comments to be received by 2 October 2017 Take action Visit TheGAAP.net daily to be kept up to date on accounting information,
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The AcSB has issued an Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Stakeholders are encouraged to submit their comments by April 12, 2017. Annual Improvements to IFRS Standards 2015 – 2017 Cycle February 2017 COMMENTS TO THE IASB AND THE AcSB MUST BE RECEIVED BY APRIL 12, 2017 Respondents are asked to email their comment
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The IASB has issued final amendments to three IFRSs as part of its Annual Improvements project. The amendments have varying effective dates. As reported by The Standard. International Accounting Standards Board issues minor changes to IFRS Standards 08 December 2016 Page Content The International Accounting Standards Board (the Board) has today issued several amendments to IFRS Standards and an Interpretation that
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The Trustees of the IFRS Foundation have appointed Canadian academic Tom Scott as a member of the International Accounting Standards Board (the Board). He will join the organisation in April for an initial five-year term. As reported by the IFRS Foundation. Mr Scott has been an academic in the field of accounting at various universities in Canada since the late
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In November 2016, the International Accounting Standards Board discussed issues that arose during the external testing and drafting of the forthcoming insurance contracts Standard. This webinar provides an updated overview of the forthcoming Standard reflecting November’s decisions and covers the following: The need for change and the history of the project Level of aggregation Applying the Standard for the first
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