Welcome to the Field

This publication explains and illustrates key tools companies can use to make their financial statements an effective communcation tool.

The gender diversity issue has been on the business agenda for many years now, yet a third of businesses still have no women at a senior management level. Somewhere there is a disconnect.

The power of personalisation: Hotels’ roadmap to 2020

This IFRS viewpoint considers the reverse acquisition by a listed shell company.

IFRS News is your quarterly update on all things relating to International Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide comment and points of view and give you a summary of any significant developments.

Grant Thornton International Ltd releases IFRS Viewpoint on Classification of loans with covenants

Common control business combinations

This IFRS Viewpoint considers how a purchaser accounts for discounts and rebates when buying inventory.

IFRS News is your quarterly update on all things relating to International Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide comment and points of view and give you a summary of any significant developments.

When should a purchase of investment property (or properties) be accounted for as a business combination, and when as a simple asset purchase? This is an important issue because the IFRS accounting requirements for a business combination are very different from asset purchases. Distinguishing business combinations and asset purchases can also be challenging for many other types of transaction and judgement is often required. This is particularly the case when investing in assets that generate cash flows on a standalone basis such as retail outlets and hotels. We focus here on investment property but the underlying arguments apply more broadly.

This IFRS viewpoint provides a framework for accounting for loans made by an entity to a related party that are at below-market levels of interest.

Soft power and gut instinct is driving an estimated US$250bn per year in overseas real estate investment, showing that feeling rather than data analysis determines many investment decisions.

In light of growing international interest and scrutiny of corporate practices we set out to explore how three major aspects of governance – the role of culture, board composition and strategic planning – are affecting businesses around the world.

IFRS News is your quarterly update on all things relating to International Financial Reporting Standards. We’ll bring you up to speed on topical issues, provide comment and points of view and give you a summary of any significant developments.

There are a number of cost and commercial reasons why a group may consider relocating, but it is also important to understand the consequences.

In the IT sector, the use of contracts is a well-adopted practice in comparison to other industries. This is not surprising, as our society is becoming increasingly digitised, but specific legislation is often still missing. As an ICT supplier, you are most likely confronted with several contracts on a daily basis. You understand the framework of these agreements concerning transfer of IP rights (Intellectual Property), time-and-material versus fixed price, KPI’s, service levels, and many other terms.