Beyond the GAAP no. 121 - April 2018
Again this month IFRS 9 and IFRS 15 take centre stage in our highlights as they are the focus of attention for market regulators and the Monitoring Board of the IFRS Foundation.
Beyond the GAAP
"Beyond the GAAP" to comiesięczna publikacja przygotowywana przez ekspertów Mazars. Celem tego newslettera jest informowanie czytelników o najnowszych zmianach w dziedzinie rachunkowości.
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Beyond the GAAP no. 120 - March 2018
The year began quietly with few major developments relating to standards, but March has seen a whole series of projects coming to fruition.
Beyond the GAAP no. 119 - February 2018
With less than a year to go before the effective date of IFRS 16 on Leases, the report of the ANC’s (The French accounting standards setter) decisions on the duration of 3/6/9 leases, published in February, is certainly the most anticipated announcement for French entities. This is because it should enable most of them to resolve this thorny question in their plans for implementation. This decision will of course also be useful to entities with subsidiaries in France.
Beyond the GAAP no. 118 - January 2018
Since 1 January 2018, IFRS 9 - Financial instruments and IFRS 15 - Revenue from Contracts with Customers have been effective, as the IASB headline announced on its website on 8 January. In parallel, work to assess the impact of IFRS 9 on long-term investment is continuing at the European level, with the publication of the outcomes of a first factual analysis by EFRAG.
Beyond the GAAP no. 117 - December 2017
2017 ended fairly quietly, since the European Commission had already endorsed several texts in November and the IASB’s December meeting decided to postpone publication of most of its texts and draft texts, with the exception of the annual improvements to IFRSs, which we discuss in this month’s ‘A closer look’ study.
Beyond the GAAP no. 116 - November 2017
Over the past decade, the IASB has been working on the process of converging IFRS with US GAAP, and this month saw EU endorsement of the remaining resulting standards.
Beyond the GAAP no. 115 – October 2017
After a quiet summer on the accounting front, September started brightly with two exposure drafts and a Practice Statement from the IASB.
Beyond the GAAP no. 114 – September 2017
After a quiet summer on the accounting front, September started brightly with two exposure drafts and a Practice Statement from the IASB.
Beyond the GAAP no. 113 – July - August 2017
July was a busier period for Europe than for the IASB. The European Commission sent two draft texts (deferred application of IFRS 9 for insurers and financial conglomerates, and IFRS 16 on Leases) to the European Parliament and Council for endorsement before the end of the year, while ESMA published three documents on financial information and its enforcement activities.
Beyond the GAAP no. 112 – June 2017
June 2017 saw the publication of IFRIC 23 – Uncertainty over Income Tax Treatments. According to this Interpretation, entities must now assume that any uncertainty over income tax treatments will be examined by the taxation authorities, and must consider the probable outcome of such examination when determining the amount of income tax to be recognised in the financial statements.