IFRS EU Endorsement Process: September
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 15 August 2018.
Everything You Wanted to Know about IFRS 15 but Were (Not) Afraid to Ask
IFRS 15 Revenue from Contracts with Customers became effective on 1 January 2018. As the new standard introduces significant changes in revenue recognition in comparison to the existing regulation, we would lik…
New Interpretation of the National Accounting Council on Accruals and Deferrals and Foreign Currency
Today’s issue of Accounting News will briefly summarise the main points of Interpretation I-37 of the National Accounting Council ‘Accruals and Deferrals and Foreign Currency’.
Read the summer issue of dReport
Tax, law, grants and incentives, accounting – all in one place. This is our dReport. Download our summary pdf. containing all articles
Revised Conceptual Framework for IFRS – part II.
On 29 March 2018, the International Accounting Standards Board (IASB) published its revised 'Conceptual Framework for Financial Reporting', which became effective immediately. In this article, we continue to ou…
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