Amendments to IFRS 3 endorsed for use in the EU
On 21 April 2020, Amendments to IFRS 3 Definition of business were endorsed by the European Commission for use in the European Union. The EU effective date is the same as the IASB’s effective date.
IFRS EU Endorsement Process [April 2020]
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 23 January 2020.
Accounting considerations related to the coronavirus disease 2019 [part 2]
In the last issue of the Accounting news we informed you about the publication IFRS in Focus – Accounting considerations related to the coronavirus disease 2019, which was issued in March 2020 by Deloitte. Due …
Accounting Considerations Related to Coronavirus Disease 2019
Global responses to the coronavirus disease 2019 (COVID-19) outbreak continue to rapidly evolve. COVID-19 has already had a significant impact on global financial markets, and it may have accounting implication…
IFRS EU Endorsement Process [March 2020]
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 23 January 2020.…
IASB Proposes a New Standard on General Presentation and Disclosures in Financial Statements
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…
IFRS EU Endorsement Process [February 2020]
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 23 January 2020.…
Closing Out 2019 in IFRS Financial Statements
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…
Amendments to IAS 1 and IAS 8 Endorsed for Use in the EU
On 29 November 2019, Amendments to IAS 1 and IAS 8 Definition of Material were endorsed by the European Commission for use in the European Union. The EU effective date is the same as the IASB’s effective date (…