Some observations on a recent speech to the IFRS Foundation Conference in London by IASB Vice-Chair Ian Mackintosh. Most of Mackintosh’s text consists of updates on current projects, but in the closing stretch, he steps back to make some broader remarks: “… I find it interesting to note that in recent speeches, various members of the FASB…
A European example of challenges in determining the appropriate discount rate for purposes of the impairment calculation 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 13th edition: “The issuer operates in…
A European example of related party disclosures omitted from interim financial statements 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 13th edition: “The issuer manufactures industrial metals. One major shareholder owned…
A European example of an issue relating to the useful life of intangible assets 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 13th edition: “The issuer is a listed company specialising…
The IASB has issued IFRS 15, Revenue from Contracts with Customers, effective for annual reporting periods beginning on or after January 1, 2017. To read this post, go to http://mnp.ca/en/media-centre/blog/2014/6/5/new-ifrs-revenue-recognition-standard-addressing-a-vital-metric.
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 13th edition: “The issuer recognised in its statement of financial position a significant amount of goodwill exceeding 100% of its equity. For the…
The IASB has recently published amendments to IFRS 11, addressing Accounting for Acquisitions of Interests in Joint Operations, effective for annual periods beginning on or after January 1, 2016. To read this post, go to http://mnp.ca/en/media-centre/blog/2014/5/22/acquiring-interests-in-joint-operations-down-to-business
The IASB recently issued Clarification of Acceptable Methods of Depreciation and Amortization (Amendments to IAS 16 and IAS 38), effective for annual periods beginning on or after January 1, 2016. To read this post, go to http://mnp.ca/en/media-centre/blog/2014/5/21/clarifying-depreciation-and-amortization-at-the-margins
A European example of problems in depreciation calculations 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 13th edition: “The issuer both owns and operates a fleet comprising supply and subsea vessels…
IASB Vice-Chair Iain Mackintosh’s recent speech titled The Importance and Challenges of Establishing Standards for Global Finance isn’t as obviously flimsy as some of the public addresses by Chair Hans Hoogervorst, but it’s rather strange in a different way. Take the following: “If investor and investee are increasingly likely to be sitting on different sides of…
John Hughes IFRS Blog 