Download Accounting: News March 2018
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Amendment to Regulation No. 501/2002 Coll., for Banks and Other Financial Institutions, from 1 January 2018
On 15 December 2017, an amendment to the implementing regulation to the Accounting Act for banks and other financial institutions was published in the Collection of Laws under number 442/2017 Coll.
Amendment to Regulation No. 502/2002 Coll., for Insurance Companies, from 1 January 2018
On 15 December 2017, an amendment to the implementing regulation to the Accounting Act for insurance companies was published in the Collection of Laws under number 443/2017 Coll.
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 8 February 2018.…
The IASB issued amendments to IAS 19 regarding plan amendments, curtailments, and settlements
On 7 February 2018, the International Accounting Standards Board (IASB) published 'Plan Amendment, Curtailment or Settlement (Amendments to IAS 19)' thus finalising one of two issues relating to IAS 19 submitte…
The FASB clarifies the application of the new leasing standard to land easements
On 25 January 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2018-01, “Land Easement Practical Expedient for Transition to Topic 842” that clarifies the appli…