IFRS

Accounting | IASB to improve reporting of climate-related risks in IFRS

The International Accounting Standards Board has launched a project to address concerns about inconsistency in the reporting of climate-related risks in IFRS financial statements

21 Sep 2023

Accounting | Narrow scope amendments to IFRS proposed

The International Accounting Standards Board plans a number of narrow-scope amendments to clarify wording on IFRS accounting standards

12 Sep 2023

Accounting | Accounts disclosure checklists: what you need to know

Dave Rowley CPFA takes you through the basics of selecting, using and completing a disclosure checklist to finalise accounts following the launch of Croner-i’s disclosure checklist software

30 Aug 2023

Accounting | IAS 21 amended for currency exchange complexity

The International Accounting Standards Board (IASB) has amended IAS 21 to require companies to provide more useful information in their financial statements when a currency cannot be exchanged into another currency

17 Aug 2023

Accounting | Top 10 tips: financial statement disclosures

Rachel Farris FCA CTA looks at some top tips for best practice disclosures in financial statements with links to new Croner-i Interactive Disclosure Checklist

9 Aug 2023

Accounting | IFRS 17 challenges for reinsurance

Michael Winkler, actuary, and Sunil Kansal, head of consulting at Shasat, shed light on the intricacies of implementing IFRS 17 Insurance Contracts and the resulting mismatches in financial reporting

7 Aug 2023

Accounting | UKEB adopts temporary amendments to IAS 12

The UK Endorsement Board has adopted the amendments to IAS 12 International Tax Reform: Pillar Two Model Rules for use in the UK during the initial adoption period of the global base tax rate

21 Jul 2023

Accounting | FRC consults on endorsement plan for sustainability standards

The Financial Reporting Council has issued a call for evidence to inform the key issues to consider for endorsement of the IFRS Sustainability Disclosure Standards in the UK

19 Jul 2023

Accounting | IASB reviews IFRS 15 revenue recognition rules

The International Accounting Standards Board (IASB) has issued a consultation on plans to review the effectiveness of the IFRS accounting standard for revenue from contracts with customers, IFRS 15

3 Jul 2023

Accounting | ISSB launches global sustainability disclosure standards

The ISSB has issued two new reporting standards aimed to improve trust and confidence in company disclosures about sustainability and climate change

26 Jun 2023

Accounting standards

Accounting | Fair value disclosures need to be more transparent

The challenging economic environment and climate change risks may increase the degree of estimation uncertainty and management judgment about fair value under IFRS 13

14 Jun 2023

Accounting | IASB plans deferred tax amend to IFRS for SMEs

The International Accounting Standards Board (IASB) plans to amend the IFRS for SMEs accounting standard to help SMEs respond to the 15% global base tax rate

1 Jun 2023

Accounting | IASB increases disclosures for supplier finance

The International Accounting Standards Board (IASB) has issued disclosure requirements to enhance the transparency of supplier finance arrangements under IAS 7 and IFRS 7

25 May 2023

Accounting | Accounting for cloud computing – common but complex

Accounting for software held in the cloud is complex and can be treated as a lease, intangible asset or service contract, but what is the best approach under IFRS, ask Glynnis Carthy CA (SA) and Rachel Farris FCA CTA

19 Apr 2023

Accounting | IASB seeks to improve reporting of climate-related risks

The International Accounting Standards Board (IASB) plans to examine how companies can improve the reporting of climate-related risks in financial statements

24 Mar 2023