As we discussed here, the IASB has issued IFRS 16 Leases, effective for annual reporting periods beginning on or after January 1, 2019. We’ve covered the main aspects of lessee accounting in a series of articles. It’ll only take this one post though to cover the other side of the transaction, the implications for lessors.…
CPA Canada recently published Technological Disruption of Capital Markets and Reporting? An Introduction to Blockchain. The preface sums up the main theme: “Blockchain originated as the technology underlying the digital currency Bitcoin but is currently receiving attention for its expanding applicability, particularly within capital markets and reporting. Blockchain-enabled automated processes could significantly affect the way…
Once in a while, it’s appropriate to pay a little tribute to the staff of the IASB. I wouldn’t have the patience, the dedication or the intellectual capacity to do what they do – that is to focus on the smallest nuances of potential changes to IFRS, and to work on identifying their possible impact as…
Almost Zero Chance of SEC Accepting Global Accounting Rules announces the headline of a recent article on Bloomberg BNA. Here’s what it has to say on that: “The Securities and Exchange Commission isn’t showing any movement toward acceptance of international accounting standards for financial reporting by U.S. public companies, the chairman of the International Accounting Standards Board…
The Globe and Mail recently devoted a surprising amount of space to non-GAAP earnings measures. Here’s how it framed the issue: “Imagine, if you will, something terrible: A fire begins in your home and rages, uncontrolled. No one is hurt, thankfully, because you’re away from the house at the time. But the structure is ruined and,…
One of the many oddities of computing diluted earnings per share Among much else, IAS 33 addresses the issue of contracts that may be settled either in common shares or in cash at the issuer’s option, and says the enterprise should presume for this purpose the contract will be settled in common shares, and include the…
John Hughes IFRS Blog 