The IASB has issued amendments to IFRS 2, Classification and Measurement of Share-based Payment Transactions. I previously wrote about the exposure draft here – the proposals haven’t changed too much on the way to finalization. The issues addressed by the amendments are quite specific, but many of us will have encountered at least the first item…
Of all the reasons to worry about the UK’s staggeringly reckless “Brexit” decision, the potential impact on IFRS probably wouldn’t rank too highly… At the very least though, it’s not good news for the IFRS Foundation and its activities. On the symbolic level alone, such a major statement against the free flow of capital and…
The Trustees of the IFRS Foundation have completed their most recent review of the Foundation’s structure and effectiveness They proposed a range of enhancements, impressively positioned as ensuring that “the organization remains fit for a changing world.” Here’s how the press release summed up the process and some of what came out of it: “The latest…
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 already covered in various posts the main aspects of the accounting model for lessees, and last time we looked at some of the mechanics of making the transition to the new standard. As we discussed,…
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 the accounting model for lessees in various previous posts. Let’s look now at the mechanics of making the transition to the new standard. As a practical…
Many of us have probably heard the term “integrated reporting” here and there without thinking much about what it specifically refers to, or trying to find out more… Until fairly recently, I was in that group myself. But I thought it might be useful to look at the concept (or “movement,” as it sometimes refers…
Could the momentum of IFRS in Canada be fated to decline? Here’s an extract from an interesting recent article in the National Post, written by Drew Hasselback: “Add the publicly traded company to the endangered species list. Since 2007, the number of publicly listed companies in Canada has dropped 16.7 per cent, according to statistics…
In a post last year, we looked at the IASB’s amendments to IAS 1 resulting from its Disclosure Initiative, effective for annual periods beginning on or after January 1, 2016, with earlier application permitted. Subsequently, the IFRS Foundation issued its own audited financial statements for the year ended December 31, 2014, and although (and in…
Should IFRS shine a light onto dark money? The question comes to mind after reading a recent New York Times article titled: Why Dark Money is Bad Business. Here are some extracts: “It’s only May, but this presidential election is on track to be one of the most expensive ever. So far two-thirds of election…
A European example of interpreting one of the key concepts in measuring fair values under IFRS 13 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 17th edition: “The issuer invested in…
John Hughes IFRS Blog 