Welkom in The Field

We begin this first edition of 2018 by considering the potential effect of the recent US tax reforms on IFRS preparers with operations in America. We also remind readers of the key aspects of the two major new Standards coming into effect on 1 January 2018 (IFRS 9 ‘Financial Instruments’ and IFRS 15 ‘Revenue from Contracts with Customers’) and take a look at issues that are currently attracting regulators’ attention.

We begin this second edition of 2018 with the revised ‘Conceptual Framework for Financial Reporting’. We then move on to look at two other recent IASB publications: Amendments to IAS 19 ‘Employee Benefits’ and an Exposure Draft on ‘Accounting Policy Changes (Proposed amendments to IAS 8)’. We then consider ESMA’s recent report on what European accounting enforcers have been doing during the past year, and an EFRAG Discussion Paper on ‘Equity Instruments – Impairment and Recycling’. Further on in the newsletter, you will find IFRS-related news at Grant Thornton and a general round-up of financial reporting developments. We finish with a summary of the implementation dates of newer Standards that are not yet mandatory, and a list of IASB publications that are out for comment

Our ‘IFRS Viewpoint’ series provides insights from our global IFRS Team on applying IFRSs in challenging situations. Each edition will focus on an area where the Standards have proved difficult to apply or lack guidance. This edition provides guidance on the potential accounting consequences arising from the recent reform of the United States’ tax system

IFRS News is your quarterly update on all things relating to International Financial Reporting Standards.

IFRS

IFRS

IFRS 10

IFRS News

IFRS News

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.

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

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

Request for Views - Trustees’ Review of Structure and Effectiveness: Issues for the Review

Common control business combinations