This article provides a high-level overview of the new and revised IFRS® Accounting Standards that are effective for the December 2023 calendar year-end and subsequent accounting periods.
In the following article, we summarise changes in the Czech accounting legislation that are effective from 1 January 2024.
On 15 January 2024, the Ministry of Finance of the Czech Republic published the bill of the new accounting act. The bill has been significantly changed since the last version published in November 2022, when it…
On 8 November 2023, the amendments to IAS 12 Income Taxes titled International Tax Reform – Pillar Two Model Rules were endorsed by the European Commission for use in the European Union. The EU effective date i…
On 20 November 2023, the amendments to IFRS 16 Leases titled Lease Liability in a Sale and Leaseback were endorsed by the European Commission for use in the European Union.
The European Financial Reporting Advisory Group (EFRAG) updated its report showing the status of endorsement of each IFRS, including standards, interpretations, and amendments, most recently on 21 November 2023…
This article addresses the requirements of IAS 1 Presentation of Financial Statements relating to the disclosure of key judgements management has made in the process of applying accounting policies and of assum…
Which entities are required to account for deferred tax? And how is this tax properly calculated? In the following article, we have outlined what to pay special attention to when calculating deferred tax in the…
The European Financial Reporting Advisory Group (EFRAG) updated its report showing the status of endorsement of each IFRS, including standards, interpretations, and amendments, most recently on 4 October 2023.