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Items tagged with "IASB"

What’s Next for Accounting Standards?

At the World Standard-setters Conference in London last week Chair of the International Accounting Standards Board (IASB) Hans Hoogervorst gave some insights into the areas the IASB will be looking to make progress on in 2020. So what’s on the agenda? A recent focus for the IASB has been improving how effectively financial statements communicate. […]

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How to Report Goodwill?

Want to know more about the key issues surrounding goodwill impairment currently being weighed up by standard setters? Calcbench and Valuation Research Corporation (VRC) have recently collaborated on a video taking a deep dive into this important topic. Goodwill is an accounting value recorded when a company acquires another company, measuring the value of intangible […]

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BoE: PRA Proposal on EBA Taxonomy 2.9

IASB Update: Interest Rate Benchmark Reform

With the 2021 switch away from widely discredited interest rate benchmarks such as LIBOR, the mechanics of that transition was again on the agenda for the IASB this summer. Earlier this year IASB proposed changes to IFRS financial instruments standards IAS 39 and IFRS 9 that will allow hedge accounting to continue during the IBOR reforms. […]

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Call for Members: Help Develop the IFRS Taxonomy

Would you like to help shape the future of the IFRS Taxonomy? Join the International Accounting Standards Board’s IFRS Taxonomy Consultative group to contribute and advise on the Taxonomy’s development. The board is keen to appoint new members from a variety of business and geographical backgrounds to advise the IFRS foundation on the content and […]

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IASB Sticks To Knitting

An ongoing suggestion amongst policy makers, the accounting profession and ESG advocates is that the International Accounting Standards Board should take over standards setting in the field of environmental reporting and climate disclosure in particular. The Chair of the IASB used a speech last week to re-affirm that the IFRS standards setters will do no […]

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Global Preparers Forum Agenda Available

The next Global Preparers Forum (GPF) will take place on 22 March. The GPF is an independent body that provides insight and input to the International Accounting Standards Board (IASB) from preparers of financial statements. The GPF provides input into concepts and proposals that the IASB is developing and offers advice on the practical implications […]

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What Does Good Disclosure Look Like?

The International Accounting Standards Board (IASB) recently issued an amendment to the IAS Statement of Cashflows. This week Nick Anderson, IASB Board member, discusses the objectives of the IAS 7 disclosure requirement and gives some advice for companies looking to make their disclosures as useful as possible. The new amendment requires companies to include information […]

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IASB to Review Goodwill

IASB to Review Goodwill

The International Accounting Standards Board is reviewing how companies present goodwill on their balance sheets. Goodwill refers to an accounting value recorded when a company acquires another company, measuring the value of intangibles that go beyond what the physical assets alone are worth. It is a complex and at times controversial area, as it is […]

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Investors Tell the FASB: Segment Disclosures Need Improving

A recent Chartered Financial Analyst (CFA) Institute survey indicates that segmented reporting information is critical to investors, yet disclosures need improving dramatically. Recent exchanges between investors and tech giants such as Amazon and Alphabet (aka Google) show the struggle: Amazon and Alphabet cloak the performance of important sections of their business such as Alexa, Amazon […]

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Think you know it all?

Now you can find out. Well, at least for the IFRS’s Conceptual Reporting Framework anyway. Following a reissue of their Conceptual Framework in March this year, the IFRS Foundation has now released a quiz to test your knowledge and understanding. As those who stand a chance of getting it all right will already be aware, […]

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