IFRS

News Item

The case for adopting international reporting requirements in Vietnam

Francois Denimal, Managing Director at FIS, an international provider of financial services technology, has emphasised that Vietnam’s banking sector must adopt international reporting standards and financial regulations to compete on the world stage. Vietnam’s economy has been growing at pace, and after demonstrating a world-leading response to Covid-19, should continue to grow in 2020, even […]

News Item

BanksIFRSReporting

Corporate Reporting and Coronavirus

By Editor

The third in a series on the Coronavirus and corporate reporting, Accountancy Europe has released a podcast looking at how to report in accordance with the IFRS standards during this irregular period – focusing on how to use the flexibility of IFRS 9 – and the various accommodations that have been made for companies and […]

News Item

IFRSNon-FinancialReportingSustainability

Sustainability reporting and IFRS

By Editor

There is a compelling case for the IFRS Foundation to help develop globally comparable standards for sustainability reporting – according to a recent speech from IFRS Foundation Trustee Teresa Ko. Ko’s speech, given at the inaugural meeting of the Hong Kong Monetary Authority’s Green and Sustainable Finance Cross-Agency Steering Group, suggested that sustainability reporting is […]

News Item

IFRSStandards

IASB issues minor amendments to IFRS Standards

By Editor

Yesterday the International Accounting Standards Board (IASB) issued a package of narrow-scope amendments to the IFRS Standards. These included IAS 37, Onerous Contracts; IFRS 3, Reference to the Conceptual Framework; IAS 16, Property, Plant and Equipment; and Annual Improvements to IFRS Standards 2018–2020. The amendments will come into force in January 2022. Find out more about […]

News Item

AccountingIFRSRisk

IFRS Foundation issue guidance on COVID-19 and IFRS 9

By Editor

Not sure how to account for Expected Credit Losses (ECL) in the current uncertain climate? IFRS Foundation have issued guidance in order to support a consistent application of IFRS 9, Financial Instruments. IFRS 9 sets out a framework for determining when a significant increase in credit risk on a financial instrument requires an Expected Credit […]

News Item

IFRSTaxonomy

IFRS Publishes 2020 Taxonomy

By Editor

This week the IFRS Foundation published the IFRS Taxonomy 2020, based on the latest IFRS Standards. It incorporates an update designed to help data users understand how uncertainty relating to interest rate benchmark reform affects an entity’s hedging relationships. The publication is accompanied by the updated IFRS Taxonomy Formula Linkbase 2020 which can help validate […]

News Item

IASBIFRSIntegratedNon-FinancialReportingStandards

Change in the wind? Recent speeches signal IASB shift

By Editor

Recent IFRS speeches indicate a new willingness to better integrate IFRS reporting with additional non-financial reporting metrics that have developed out of changing investor needs. Technology means we have seen a dramatic shift in the importance of intangible assets, reducing the relevance of the traditional balance sheet. Demand from investors for sustainability reporting is on […]

News Item

ESGIFRSNon-FinancialReportingSustainability

Must Read: ESMA’s Maijoor on IFRS

By Editor

ESMA Chair Steven Maijoor’s speech underlined the importance of IFRS going forward and described the expected impact of structured (ESEF) data in Inline XBRL for users and regulators alike. He also urged policy makers to focus on standardisation of ESG disclosures.

News Item

IFRSTaxonomyTurkey

IFRS Taxonomy now available in Turkish

By Editor

The files for the 2018 IFRS Taxonomy are now available in Turkish. To provide support to Turkish speakers, the IFRS Taxonomy Illustrated (ITI) has also been translated. This provides a simplified guide to the IFRS Taxonomy in an easy-to-read visual format that does not require knowledge of XBRL. Furthermore, the IFRS Taxonomy versioning information, which […]

News Item

IFRSLIBORTaxonomy

LIBOR Update to IFRS Taxonomy Proposed

By Editor

Following the recent update to the IFRS standards in advance of the transition away from discredited interest rate benchmarks such as LIBOR, the IASB have proposed corresponding updates to the IFRS Taxonomy 2019. The Proposed IFRS Taxonomy updates include new elements that reflect the disclosure requirements introduced by the recent amendments to IFRS 9, IAS 39 and […]

Items tagged with "IFRS"

The case for adopting international reporting requirements in Vietnam

Corporate Reporting and Coronavirus

Sustainability reporting and IFRS

IASB issues minor amendments to IFRS Standards

IFRS Foundation issue guidance on COVID-19 and IFRS 9

IFRS Publishes 2020 Taxonomy

Change in the wind? Recent speeches signal IASB shift

Must Read: ESMA’s Maijoor on IFRS

IFRS Taxonomy now available in Turkish

LIBOR Update to IFRS Taxonomy Proposed

Tags

IFRS

Items tagged with "IFRS"

Tags

Would you liketo learn more?

Would you like
to learn more?