Issues relating to the costs of raising equity Here’s another of the issues arising from extracts of enforcement decisions issued in the past by the European Securities and Markets Authority (ESMA) (for more background see here); this is from their 15th edition: “The issuer is a pharmaceutical company which was listed for the first time…
by John Hughes Here’s another of the issues arising from extracts of enforcement decisions issued in the past by the European Securities and Markets Authority (ESMA) (for more background see here); this is from their 15th edition: “Prior to the adoption of IFRS 11, the issuer presented in its income statement the line: ‘share in…
The Canadian Securities Administrators have finalized their rule amendments to streamline and tailor disclosures by venture issuers, set to come into effect on June 30, 2015 The main effect of the changes, as summarized in the CSA’s news release, will be to bring in the following: allow all venture issuers to meet interim management’s discussion…
Another area where IFRS 15 might cause differences from existing accounting practices Some interesting revenue-related issues come up through bill and hold arrangements – ones in which (to cite the IFRS 15 definition) “an entity bills a customer for a product but the entity retains physical possession of the product until it is transferred to…
by John Hughes Here’s another of the issues arising from extracts of enforcement decisions issued in the past by the European Securities and Markets Authority (ESMA) (for more background see here); this is from their 15th edition: “The issuer operates in the commercial and agricultural industry and owns a large plot of land, which had…
Notes on a recent speech by SEC Commissioner Kara M. Stein: Here’s a lengthy extract: “… As both practitioners and scholars of securities law, you know that accounting is the foundation for much of what we do. Everything from our financial reporting regime to oversight of financial firms’ liquidity and capital depends upon reliable, consistent,…
Are changes in the fair value of investment property an element of operating results? Here’s another of the issues arising from extracts of enforcement decisions issued in the past by the European Securities and Markets Authority (ESMA) (for more background see here); this is from their 11th edition: “The issuer, a real estate company, presents…
The IASB has issued Leases: Practical Implications of the new Leases Standard, a project update. Written plainly and set out clearly, it’s likely to be a useful document for those who know something big is coming, but haven’t to this point immersed themselves in understanding exactly what that is. It’s not really mandatory reading from…
Notes on a recent speech in Edinburgh by IASB Chair Hans Hoogervorst He starts as follows: “Edinburgh was the home town of Adam Smith, often referred to as the father of modern economics. Adam Smith is best known for The Wealth of Nations and its concept of the ‘invisible hand’. In his view, rational self-interest…
The Canadian Securities Administrators have issued CSA Staff Notice 51-342 Staff Review of Issuers Entering Into Medical Marijuana Business Opportunities, summarizing the CSA’s findings and disclosure expectations for reporting issuers contemplating involvement in Canada’s medical marijuana industry. Here’s the summary from the news release: “The CSA’s review aimed to determine if reporting issuers were meeting…
John Hughes IFRS Blog 