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.

As of 30 January 2019, the following IASB pronouncements are awaiting European Commission endorsement for use in the EU:


  • IFRS 14 Regulatory Deferral Accounts (issued in January 2014) – the European Commission has decided not to launch the endorsement process of this interim standard and to wait for the final standard
  • IFRS 17 Insurance contracts (issued in May 2017)


  • Amendments to IFRS 3 Definition of a Business (issued in October 2018)
  • Amendments to IFRS 10 and IAS 28 Sale or Contribution of Assets between an Investor and its Associate or Joint Venture (issued in September 2014)
  • Amendments to IAS 1 and IAS 8 Definition of Material (issued in October 2018)
  • Amendments to IAS 19 Plan Amendment, Cur­tail­ment or Set­tle­ment (issued in February 2018)
  • Amendments to IAS 28 Long-term Interests in Associates and Joint Ventures (issued in October 2017)
  • Annual Improvements to IFRS Standards 2015–2017 Cycle (issued in December 2017)
  • Amendments to References to the Conceptual Framework in IFRS Standards (issued in March 2018)

Endorsement Status Report

The article is part of dReport – January 2019, Accounting news.

IFRS EU Endorsement Process EFRAG IFRS dReport newsletter

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, generally permitted to adopt the new and revised Standards and Interpretations in advance of their effective dates (refer to individual Standards and Interpretations for additional details). This article provides a summary of IFRSs and interpretations that an entity may elect to apply for the year ended 31 December 2018. 

31. 1. 2019

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 for their teams. Traditional benefits are experiencing a renaissance in many companies, helping retain existing employees and strengthen their loyalty. Employee bonuses for work anniversaries and major birthdays are starting to reappear and employers newly offer bonuses to mark the occasion of marriage, birth of a child etc. And questions resurface regarding the correct way to account for these traditional benefits. 

30. 1. 2019