On 14 May 2020, the International Accounting Standards Board (IASB) published 'Onerous Contracts — Cost of Fulfilling a Contract (Amendments to IAS 37)' amending the standard regarding costs a company should in…
On 27 March 2020, the International Accounting Standards Board (IASB) published a document responding to questions regarding the application of IFRS 9 Financial Instruments during the period of increased econom…
On 17 April 2020, the International Accounting Standards Board (IASB) decided during its supplementary meeting concerning COVID-19-related matters to amend IFRS 16 by the end of May 2020.
On 17 December 2019, the International Accounting Standards Board (IASB) published an exposure draft of a new standard 'General Presentation and Disclosures' that is intended to replace IAS 1 'Presentation of F…
This article provides a high-level overview of the new and revised Standards and Interpretations that are effective for the December 2019 calendar year-end and subsequent accounting periods. Entities are, howev…
On 29 November 2019, Amendments to References to the Conceptual Framework in IFRS Standards were endorsed by the European Commission for use in the European Union. The EU effective date is the same as the IASB’…
On 23 January 2020, the International Accounting Standards Board (IASB) issued 'Classification of Liabilities as Current or Non-Current (Amendments to IAS 1)' providing a more general approach to the classifica…
On 26 September 2019, the International Accounting Standards Board (IASB) published 'Interest Rate Benchmark Reform (Amendments to IFRS 9, IAS 39 and IFRS 7)' as a first reaction to the potential effects the IB…
On 14 March 2019, the European Commission endorsed the Annual Improvements (cycle 2015–2017) for use in the EU. The EU effective date is the same as the IASB’s effective date (annual periods beginning on or aft…