IFRS

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Finance | International reporting: IFRS 9 planning too little, too late

With the adoption date for IFRS 9, Financial Instruments, not so far away, there are confusing messages for banks and financial institutions planning for transition, says Jeroen Van Doorsselaere, IFRS/IAS expert at Wolters Kluwer Financial Services

22 Dec 2015

Finance

Financial Reporting

IFRS

Finance | IASB postpones accounting changes for associates and joint ventures under IFRS 10

Changes to reporting transactions between investors and associates and joint ventures under IFRS 10 are under review as the International Accounting Standards Board (IASB) has postponed the date when entities must adopt this reporting change, pending completion of a broader review

17 Dec 2015

Finance

IFRS

Finance | IASB backs down with changes to IFRS 4 insurance contracts standard

Following a raft of criticism of plans to roll out a revised IFRS for insurance contracts before the full implementation of the new financial instruments standard, IFRS 9, the International Accounting Standards Board (IASB) has published a consultation on proposals to amend the existing insurance contracts standard, IFRS 4 to provide temporary relief for company reporters with major insurance contract exposure

9 Dec 2015

Finance

IFRS

Audit Consultations

Finance | IFRS 4 plan for insurers disrupts IFRS 9 transition

The IFRS 9 financial instruments standard faces deferral but banks and corporates must take action, particularly when they take into account the proposed accounting changes to IFRS 4 for insurance contracts, says Sarah Perrin ACA

3 Dec 2015

Finance

Financial Reporting

IFRS

Finance | International reporting: IFRS leasing standard set for 2019, IFRS 9 headache

Two major IFRS standards are slated to come into force in the next few years, but both are causing reporting issues for companies. Jeroen Van Doorsselaere, IFRS expert at Wolters Kluwer Financial Services considers the pitfalls with the IFRS leasing standard set for 2019 and IFRS 9, Financial Instruments, headaches

2 Dec 2015

Finance

IFRS

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Finance | Accounting updates: December 2015

In this month's roundup of accounting news, Toshiba CFOs face courts, Ofcom investigates Royal Mail over audit opinion in regulatory reporting, Kids Company accounting problems highlighted and lack of clarity in AIM financial reports, plus the latest IFRS technical consultations

1 Dec 2015

Finance | IASB plans to amend IAS 40 to clarify investment property definition

The International Accounting Standards Board (IASB) has published a consultation on a proposed narrow-scope amendment to the investment property standard, IAS 40

19 Nov 2015

Finance

IFRS

Audit Consultations

Finance | IASB consults on IFRS 1, IFRS 12 changes to improve consistency

In a bid to address inconsistencies in a number of International Financial Reporting Standards (IFRS) standards, the International Accounting Standards Board (IASB) has released details of proposed amendments to three accounting standards as part of its annual improvements process

19 Nov 2015

Finance

IFRS

Audit Consultations

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Finance | Accounting updates: November 2015

In our monthly roundup of accounting essentials, Tesco profits halve as investigations gather pace, PwC settles £1.6bn Cattles’ negligence case, FRC changes to digital taxonomy for charities, plans to defer IFRS 9 adoption for insurers and US regulators consult on amendments to revenue recognition standard, IFRS 15

2 Nov 2015

Finance | International reporting: IFRS deferral approach, insurance contracts

Jeroen van Doorsselaere, IFRS expert at Wolters Kluwer, considers deferral plans for IFRS 9, Financial Instruments, and impairment issues for insurers

28 Oct 2015

Finance

IFRS

Finance | Marshall: Another deferred IFRS application raises debate about IFRS 4

A spate of delays to implementation of new International Financial Reporting Standards (IFRS) is becoming something of a norm as the IASB, the global accounting standard settter, hints at delays to the new insurance contracts revisions to IFRS 4 and possible exceptions for IFRS 9 reporters, says Andrew Marshall, senior technical partner at KPMG UK

13 Oct 2015

Finance | FASB consults on amendments to IFRS 15 revenue recognition standard

The US Financial Accounting Standards Board (FASB) has issued a proposed accounting standards update (ASU) designed to improve the guidance on the new joint IFRS standard on revenue recognition covering collectibility, noncash consideration and completed contracts at transition targeted at US company reporters

2 Oct 2015

Finance

IFRS

Audit Consultations

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Finance | Accounting updates: October 2015

The major accounting developments from potential delays to the long-planned IFRS 9 banking standard as EFRAG gives luke warm approval, excessive company annual reports burying critical information about FTSE entities, tighter rules for charities likely to come into force with campaign expenditure exemption and US conflict minerals ruling

1 Oct 2015

Finance | Editor’s comment: IFRS 9 gains lukewarm EFRAG approval

A flurry of activity over the IFRS 9, Financial Instruments, final endorsement phase highlights the apparent lack of coordination between standard-setters and policy makers, as EFRAG issues recommendations couched in exemptions, says Sara White

22 Sep 2015

Finance

Financial Reporting

IFRS

Finance | IFRS 9 up for discussion at ARC meeting at European Commission

The new IFRS accounting standard currently up for endorsement, IFRS 9, Financial Instruments, will be high on the agenda at today’s Accounting Regulatory Commission (ARC) meeting in Brussels with indications that approval of the standard is unlikely

17 Sep 2015

Finance

Financial Reporting

IFRS

Finance | EFRAG endorses IFRS 9 as IASB hints at deferral

The European Financial Reporting Advisory Group (EFRAG), responsible for reviewing new International Financial Reporting Standards (IFRS) for use across EU member states, has endorsed the use of IFRS 9, Financial Instruments, from the beginning of 2018 and has sent its recommendations to the European Commission, but admits the move will create problems initially for the insurance industry

16 Sep 2015

Finance

Financial Reporting

IFRS

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Latest news

Finance | International reporting: IFRS 9 planning too little, too late

Finance | IASB postpones accounting changes for associates and joint ventures under IFRS 10

Finance | IASB backs down with changes to IFRS 4 insurance contracts standard

Finance | IFRS 4 plan for insurers disrupts IFRS 9 transition

Finance | International reporting: IFRS leasing standard set for 2019, IFRS 9 headache

Finance | Accounting updates: December 2015

Finance | IASB plans to amend IAS 40 to clarify investment property definition

Finance | IASB consults on IFRS 1, IFRS 12 changes to improve consistency

Finance | Accounting updates: November 2015

Finance | International reporting: IFRS deferral approach, insurance contracts

Finance | Marshall: Another deferred IFRS application raises debate about IFRS 4

Finance | FASB consults on amendments to IFRS 15 revenue recognition standard

Finance | Accounting updates: October 2015

Finance | Editor’s comment: IFRS 9 gains lukewarm EFRAG approval

Finance | IFRS 9 up for discussion at ARC meeting at European Commission

Finance | EFRAG endorses IFRS 9 as IASB hints at deferral