New extracts from the ESMA database of IFRS decisions
In July 2019, the European Securities and Markets Authority (ESMA) published further extracts from its confidential database of enforcement decisions taken by European national enforcers.
Right of Superficies
In this article, let us have a closer look at the right of superficies and its accounting treatment to be applied by both the structure owner and the land owner under Czech accounting legislation. The right of …
FASB Issued Targeted Transition Relief for Entities Adopting ASU 2016-13
In May 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2019-05 which provides transition relief for entities adopting ASU 2016-13 Financial Instruments — Cred…
IFRS EU Endorsement Process – June
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 28 March 2019.
New Deloitte Climate Change Website
On 12 June 2019, Deloitte, in collaboration with the Institute of Chartered Accountants in England and Wales (ICAEW), launched a dedicated climate change website and video learning programme.
All Listed Companies in the EU Will Submit Their Annual Financial Statements Digitally from 1 January 2020
On 3 June 2019, the European Commission put forward new rules to support the digitalisation of corporate reporting and to achieve greater transparency of the yearly information disclosed by companies listed in …
Amended Interpretation of the National Accounting Council for Stock-count Differences on Inventories and Fixed Assets
In this article, we will briefly summarise the main features of Interpretation I-39 of the National Accounting Council entitled “Stock-count Differences on Inventories and Fixed Assets”.
FASB improves Accounting for Episodic Television Series
In March 2019, the Financial Accounting Standards Board (FASB) published an Accounting Standards Update (ASU) that amends and clarifies the accounting for production costs for films and episodic content produc…
IFRS EU Endorsement Process
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 28 March 2019.