Following several years of development, the IASB has finished its project to replace IAS 39 ‘Financial Instruments: Recognition and Measurement’ by publishing IFRS 9 ‘Financial Instruments (2014)’.
The International Accounting Standards Board (IASB) and U.S. FASB have finally issued their new Standard on revenue – IFRS 15 ‘Revenue from Contracts with Customers’ (ASU 2014-09 or Topic 606 in the U.S.). This bulletin summarises the new requirements and what they will mean for the construction industry
A cornerstone of the IFRS 15 model is the fact that revenue is recognised upon satisfaction of ‘distinct’ performance obligations rather than the contract as a whole.
The International Accounting Standards Board (IASB), along with the FASB in the US, have finally issued their new Standard on revenue – IFRS 15 ‘Revenue from Contracts with Customers’ (ASU 2014-09 or Topic 606 in the US). This bulletin summarises the new requirements and what they will mean for the software and cloud services industries
The International Accounting Standards Board (IASB) and US FASB have finally issued their new Standard on revenue – IFRS 15 ‘Revenue from Contracts with Customers’ (ASU 2014-09 or Topic 606 in the US). This bulletin summarises the new requirements and what they will mean for the manufacturing industry
IFRS 9 Hedge accounting. The IASB has published Chapter 6 ‘Hedge Accounting’ of IFRS 9 ‘Financial Instruments’ (the new Standard).
The Grant Thornton International IFRS team has published a revised version of the guide Deferred tax – a Chief Financial Officer’s guide to avoiding the pitfalls.
The Grant Thornton International IFRS team has published a new guide: IAS 7: Statement of Cash Flows—a guide to avoiding common pitfalls and application issues.