The Grant Thornton International IFRS team has published IFRS Viewpoint—Related party loans at below-market interest rates.
The Grant Thornton International IFRS team has published IFRS Viewpoint—Acquisition of investment properties-asset purchase or business combination?
The Grant Thornton International Ltd IFRS team has published Get ready for IFRS— Classifying and measuring financial instruments, the first issue in a series of publications intended to help you prepare for IFRS 9.
The Grant Thornton International IFRS team has published IFRS Viewpoint—Inventory discounts and rebates
The International Accounting Standards Board (IASB) and US FASB have 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 life sciences industry.
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.