IFRS EU Endorsement Process: March
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 18 March 2019.
Annual Improvements to IFRSs (cycle 2015–2017) endorsed for use in the EU
On 14 March 2019, the European Commission endorsed the Annual Improvements (cycle 2015–2017) for use in the EU. The EU effective date is the same as the IASB’s effective date (annual periods beginning on or aft…
Amendments to IAS 19 endorsed for use in the EU
On 13 March 2019, Amendments to IAS 19 Plan Amendment, Cur¬tail¬ment or Set¬tle¬ment were endorsed by the European Commission for use in the European Union. The EU effective date is the same as the IASB’s effec…
Amendments to IAS 28 endorsed for use in the EU
On 8 February 2019, Amendments to IAS 28 Long-term Interests in Associates and Joint Ventures were endorsed by the European Commission for use in the European Union. The EU effective date is the same as the IAS…
The Difficulty of Making Accounting Estimates ‒ The Impact of Foreign Exchange Rate
Some accounting estimates are very difficult to assess and evaluate, both for company management and auditors. In addition, even seemingly simple estimates may be of surprise in terms of their partial component…
Closing Out 2018 in IFRS Financial Statements
This article provides a high-level overview of the new and revised Standards and Interpretations that are effective for December 2018 calendar year-ends and subsequent accounting periods. Entities are, however,…
FASB publishes Q&A Document on Estimating Credit Loss Reserves
Do you prepare any set of financial information or full set of financial statements based on the US GAAP?
Recognition of bonuses for work and life jubilees in Czech accounting
Low unemployment and demand exceeding supply of certain professions mean that employers compete in introducing wide portfolios of newly structured benefits in the hope of obtaining the necessary reinforcements …
IFRS EU Endorsement Process: January
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 14 January 2019.…