How to account for returnable containers?
We drew inspiration to write this article from an interesting judgment of the Supreme Administrative Court from April 2022 on accounting for returnable containers and a change in an accounting method.
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 31 August 2021.
As of 25 October 2021, the following IASB pronouncements are awaiting European Commission endorsement for use in the EU:
Click here for the Endorsement Status Report