01 Dec 2015 1 min read
IFRS 9 (2014) fundamentally rewrites the accounting rules for financial instruments. While IFRS 9 was mandatory effective date of January 1, 2018 may seem a long way off, companies really need to start evaluating the impact of the new Standard now. As well as the impact on reported results, many businesses will need to collect and analyze additional data and implement changes to systems.
The first issue in the series of publications has been written to assist companies in understanding the requirements for classifying and measuring financial instruments under IFRS 9 and to provide practical insights related to these requirements. This edition includes the following sections:
Learn how to determine the transaction price under Step 3 of IFRS 15's five-step revenue recognition model, including key considerations for customer contracts and financial reporting.
Share-based payments have become increasingly popular over the years, with many entities using equity instruments or cash and other assets based on the value of equity instruments as a form of payment to directors, senior management, employees, and other suppliers of goods and services.
Share-based payment transactions with non-employees involve compensating parties other than employees, such as suppliers of goods and services.
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