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 24 April 2018. A…
Consignment inventory
Do you have inventory that may be considered as a consignment inventory? How would you treat it in your US GAAP reporting?
Digital Currency Accounting and Presentation
Regardless of the purpose for which digital currencies are used, it is necessary to maintain the appropriate records on those currencies. The Ministry of Finance has issued a long-awaited opinion on digital cur…
Read the June issue of dReport
Tax, law, grants and incentives, accounting – all in one place. This is our dReport. Download our summary pdf. containing all articles
Cash Pooling and Its Accounting Treatment
In today’s article we will focus on cash pooling as an expanded instrument to optimise corporate accounts and its accounting treatment. We will also remind you of the related obligations to various governmental…
Potential Areas of Difference between U.S. GAAP and IFRS in Accounting for Uncertainty in Income Taxes
Nowadays there are an increasing number of companies for which the accounting for Uncertainty in Income taxes is relevant and applied, but there are still gaps in knowledge and experience in these accounting tr…
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 24 April 2018.
IFRIC 22 endorsed for use in the EU
On 28 February 2018, IFRIC 22 Foreign Currency Transactions and Advance Consideration was endorsed by the European Commission for use in the European Union. The EU effective date is the same as the IASB’s effec…
ESMA publishes a report on the activities of accounting enforcers and their findings within the EU in 2017
On 3 April 2018, the European Securities and Markets Authority (ESMA) published a report on the enforcement and regulatory activities of accounting enforcers within the European Union in 2017.