The ever-spreading Trumpian sludge finds its way to the world of financial reporting This came in a tweet (what else?) on August 17th, as follows: In speaking with some of the world’s top business leaders I asked what it is that would make business (jobs) even better in the U.S. “Stop quarterly reporting & go…
Here ‘s another issue recently discussed by CPA Canada’s IFRS Discussion Group A reporting issuer prepares Q2-2018 and Q3-2018 interim financial statements for the six months and nine months ending June 30 and September 30, 2018, respectively. The reporting issuer adopts IFRS 9 and IFRS 15 on January 1, 2018, and is considering the extent…
CPA Canada and the Canadian Investor Relations Institute recently issued Interim Reporting Strategies, a discussion brief. The document sums up the interim reporting landscape like this: “The content for interim reporting is less fully defined than that for annual reporting. Although both IFRSs and Canadian securities law contain specific requirements for the content of interim…
A recent article in the National Post sets out a case “for ditching the quarterly financial report,” summed up by the headline: Quarterly earnings are mostly noise. Written by Drew Hasselback, the article kicks off like this: Corporate governance experts have a simple suggestion for those worried about the adverse effect of “short-term” stock performance on…
The International Accounting Standards Board (IASB) has released its latest annual improvements to IFRSs, for the 2012-2014 cycle. To read this article, and a wide range of additional IFRS material by other writers, go to Wiley Insight IFRS at bit.ly/1v7nYXD (subscription required, but free trial available)
by John Hughes The July issue of IFRIC update set out the Committee’s discussion on a rather strange issue. I’ll paste it here in its entirety: “The submitter observed that there are divergent views on the presentation and content of the condensed statement of cash flows (in interim financial statements). One view is that an entity…
The Chartered Professional Accountants of Canada and the Canadian Investor Relations Institute have jointly issued a draft discussion brief: Interim Reporting Strategies, which is open for comment until the end of April 2014. To obtain this post, and additional articles on IFRS by other writers, go to http://ifrs.wiley.com/news/interim-reporting-strategies-a-canadian-perspective (subscription required, but free trial available)
The IASB has released its latest exposure draft of annual improvements to IFRSs, with comments to be received by March 13, 2014 To obtain this post, and additional articles on IFRS by other writers, go to http://ifrs.wileyvws.com/ifrs-news-and-resources/ (free sign-up required)
John Hughes IFRS Blog 