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IFRS Alert: Amendments to IFRS 17 and IFRS 4 IFRS

The International Accounting Standards Board (IASB has issued Amendments to IFRS 17 'Insurance Contracts" (the Amendments). The aim of the amendments is to address the concerns raised by stakeholders and help entities to more easily transition and implement the Standard.

1 min read | 17 Jun 2020
IFRS Alert: IASB proposes major changes to the primary statements and notes IFRS

In December 2019 the International Accounting Standards Board (IASB) published an Exposure Draft ‘General Presentation and Disclosures’ (General Presentation ED). The General Presentation ED proposes to replace IAS 1 ‘Presentation of Financial Statements’ with a new IFRS and amend several other IFRS Standards.

1 min read | 21 Jan 2020
Implementation of IFRS 17 ‘Insurance Contracts’ - Considerations for those charged with governance IFRS

Considerations for those charged with governance. Global Public Policy Committee – January 2020

1 min read | 01 Jan 2020
IFRS Newsletter: IASB and FASB release major new standard on revenue recognition IFRS

“IFRS 15 Revenue from Contracts with Customers represents the culmination of more than five years of cooperation between the International Accounting Standards Board (IASB) and the U.S.

1 min read | 01 Jan 2020
Implementation of IFRS 17 ‘Insurance Contracts’ - Companion document on key judgements and accounting policy choices IFRS

We are pleased to share this companion document to ‘The implementation of IFRS 17 Insurance Contracts’ which has been issued by the Global Public Policy Committee (GPPC)1.

1 min read | 01 Jan 2020
Insights into IFRS 3: Definition of a Business (Amendments to IFRS 3) IFRS

In October 2018, the IASB issued ‘Definition of a Business’ making amendments to IFRS 3 ‘Business Combinations’. The amendments are a response to feedback received from the post-implementation review of IFRS 3 (‘the Standard’).

1 min read | 01 Nov 2019
Insights into IFRS 16: Presentation and disclosure IFRS

IFRS 16 requires lessees and lessors to provide information about leasing activities within their financial statements. The Standard explains how this information should be presented on the face of the statements and what disclosures are required. In this article we identify the requirements and provide a series of examples illustrating one possible way the note disclosures might be presented.

2 min read | 01 Jul 2019
Insights into IFRS 16: Lease payments IFRS

At the commencement of a lease, IFRS 16 requires a lessee to measure the lease liability at the present value of the lease payments that are not paid at that date. This liability includes both fixed payments (including in-substance fixed payments) and variable lease payments that depend on an index or rate, and represents the starting point for the measurement of the related right-of-use asset.

2 min read | 01 Mar 2019
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