
Printables – Your selection
Publications IFRS News
The following publications match your selection:
| IASB staff draft of new presentation model for financial statements - July 2010 (Issue 78, Supplement to IFRS outlook) The International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB, and collectively, the Boards) have posted to their respective websites, a staff draft of an exposure draft (the draft ED) of a new financial statement presentation standard. The draft ED reflects the Boards' tentative decisions to date regarding their efforts in developing a new financial statement presentation standard. The Boards' proposals are fundamentally the same, although there ...
286 kB
| |
| IFRS outlook – July 2010 Impairment of financial assets – where is it heading? / Multiple-element arrangements – how should revenue be recognised under IFRS? / IFRIC 18 and utility companies – practical issues at every step / IFRS monthly update / Resources
466 kB
| |
| Limited re-exposure of fair value measurement disclosures – June 2010 (Issue 77, Supplement to IFRS outlook) This supplement explores a number of issues following the release of the IASB’s June 2010 ED Measurement Uncertainty Analysis Disclosure for Fair Value Measurements including: the specific proposals of the ED for disclosures related to measurement uncertainty; how the ED fits in with the joint project with the FASB on Fair Value Measurements; as well as how it compares with current IFRS, the May 2009 ED and US GAAP. Comments are due to the IASB by 7 September 2010.
242 kB
| |
| IASB and FASB focus on high priority projects – June 2010 (Issue 76, Supplement to IFRS outlook) (PDF, English The International Accounting Standards Board and US Financial Accounting Standards Board (together, the Boards) have jointly issued a progress report, which includes a modified work plan, on their major projects. The modified work plan focuses on those projects for which the need for improvement of IFRS and US GAAP is the most urgent. For these projects, the targeted completion date of June 2011, set by the G20 leaders at the Pittsburgh Summit in September 2009, has been retained. For other ...
260 kB
| |
| Improvements to IFRSs 2010 – May 2010 (Issue 71, Supplement to IFRS outlook) The IASB's Improvements Project is an annual project that provides a mechanism for making necessary, but non-urgent, amendments to standards and the related Basis for Conclusions. This supplement summarizes 11 amendments to six standards and one interpretation, including transitional provisions, that were in the 2009 exposure draft of Improvements to IFRSs. Unless otherwise noted, the proposed effective date for the amendments is for annual periods beginning on or after 1 January 2011.
218 kB
| |
| Employee benefits: significant changes proposed by the IASB – May 2010 (Issue 70, Supplement to IFRS outlook) The IASB published a new ED Employee Benefits on 29 April which proposes major changes to the accounting for long-term employee benefits. Chief among the new proposals is the removal of the 'corridor mechanism' that many companies use for accounting for pension obligations to defer actuarial gains and losses. This change would lead to greater volatility in the value of net assets, in turn requiring companies to consider the potential implications for debt covenant ratios and other ratios.
107 kB
| |
| IFRS outlook – May 2010 Convergence of accounting standards — can the different perspectives ever be reconciled? / Derecognition of financial instruments: the way forward / Financial reporting developments / Resources
455 kB
| |
| IFRS foundation tools Our IFRS foundation tools are designed as practical building blocks, which are free to clients and provide a comprehensive basis for clients and our client-service teams to keep up with the changing landscape of IFRS. The tools are updated as of 31 March 2010 and reflect the changes for June 30 and December 31 year-ends.
462 kB
| |
| IFRS update for financial years ending 30 June 2010 This publication provides an overview of the effective and upcoming changes in IFRS standards and interpretations, highlighting key aspects of these changes. It focuses on the June 2010 year-end, but also considers the effect on the June 2011 year-end and beyond.
373 kB
| |
| IFRS for SMEs: A comparison with IFRS – the basics Following the issue of IFRS for SMEs as a stand-alone standard, we provide a high-level overview and an appraisal of the similarities and key differences between it and full IFRS. In particular, this guide gives an overview of the recognition and measurement differences between IFRS and IFRS for SMEs and the most likely impact of those differences.
699 kB
| |
| Talking SMEs – April 2010 Welcome to the second issue of Talking SMEs, a series of publications that looks at topical issues for SMEs. We consider which entities may apply IFRS for SMEs; some entities will need to use judgment to determine whether they are within the scope of the standard. We also explore in more detail some of the tax compliance and accounting matters that we touched on in the first issue. Finally, we offer an overview of IASB developments as they relate to IFRS for SMEs.
448 kB
| |
| IFRS outlook – April 2010 New proposals for classifying financial instruments as equity or liability / The Fair Value Measurements standard — a project update / Financial reporting developments / Resources
393 kB
| |
| IASB discussion paper on extractive activities – April 2010 (Issue 69, Supplement to IFRS outlook) The lack of comprehensive financial reporting guidance for the minerals and oil and gas industries has led to significant divergence in financial reporting for extractive activities under IFRS. In response, the IASB has published a Discussion Paper (DP) for comment (that was first published in a working draft of the DP in August 2009). The DP presents the results of the research project and contains the views of the project team, which is comprised of staff from the national standard setters ...
200 kB
| |
| Proposals to describe the reporting entity – March 2010 (Issue 68, Supplement to IFRS outlook) The IASB and the US FASB recently issued an Exposure Draft entitled Conceptual Framework for Financial Reporting: the Reporting Entity with proposals for the description of a reporting entity. This proposal is welcome given the current lack of a definition of a reporting entity and is expected to be useful to preparers, regulators and auditors. Our supplement summarizes the proposed description of a reporting entity included in the ED, which includes a discussion of what the proposals mean ...
135 kB
| |
| IASB issues complete working draft on proposals to replace IAS 37 - February 2010 (Issue 67, Supplement to IFRS outlook) In January 2010, the IASB published for comment a revised exposure draft of the measurement section of the replacement for IAS 37 Provisions, Contingent Liabilities and Contingent Assets. As part of the replacement project, the IASB has issued a working draft of the full standard (including the scope, recognition, measurement and disclosure sections) to enable interested parties to see the revised measurement guidance in the context of the proposed new IFRS as a whole. This supplement ...
982 kB
| |
| IFRS outlook – March 2010 SEC reaffirms US commitment to IFRS / Investment companies — consolidate or measure at fair value? / The effective date of IFRIC 18 for European entities / Rate-regulated activities — where to next? / Financial reporting developments / Resources
383 kB
| |
| Amendments to financial instrument disclosure exemptions – February 2010 (Issue 66, Supplement to IFRS outlook) The IASB has amended the transitional provisions of the March 2009 amendments to IFRS 7 to clarify its conclusions on the relief available from providing comparative disclosure information while at the same time making this relief available to first-time adopters of IFRS. These changes will benefit both existing IFRS reporters that present more than one comparative period and interim statements in the year following their initial application of the amendments and first-time adopters.
145 kB
| |
| IFRS outlook – February 2010 Improving disclosures in financial reporting – an analyst’s perspective / IFRS adoption update / Financial reporting developments / Resources
427 kB
| |
| Proposals to change the measurement of non-financial liabilities – January 2010 (Issue 65, Supplement to IFRS outlook) The IASB has issued a new exposure draft re-exposing its proposals for measuring a non-financial liability. The first ED was issued by the IASB in 2005, and when finalized will replace IAS 37 Provisions, Contingent Consideration and Contingent Assets. This new ED specifically proposes to clarify how a non-financial liability is measured - which will depend largely on whether or not the obligation can be transferred or cancelled. This supplement summarizes the proposals in this ED and its ...
115 kB
| |
| Negotiation series: Earn-out arrangements in a business combination – impact of the revised IFRS 3 – January 2010 This publication looks at the business implications of the revised standard on accounting for earn-out arrangements. Earn-out arrangements will be classified as either remuneration expenses or contingent consideration. In this publication we look at: the nature of earn-out arrangements; how to classify the arrangement as remuneration or contingent consideration; how contingent consideration is to be accounted for. It also provides examples of the impact of the revised accounting and ...
428 kB
| |
| IFRS outlook – January 2010 Status of IFRS in the United States / Status update — revenue recognition project / Financial reporting developments / Resources
384 kB
| |
| Good Investment Fund Limited International GAAP®: Illustrative financial statements of a fund whose puttable shares are classed as equity instrumentsfor the year ended 31 December 2009. Based on International Financial Reporting Standards in issue at 30 September 2009
782 kB
| |
| IFRS outlook – December 2009 G-20 and the principles for sound compensation – accounting implications for cash bonus arrangements / The path of ‘leased’ resistance / Financial reporting developments / Resources
3531 kB
| |
| Prepayments of a minimum funding requirement – amendments to IFRIC 14 – November 2009 (Issue 64, Supplement to IFRS outlook) This issue summarizes the IASB's amendment to correct an unintended consequence of IFRIC 14 IAS 19 The Limit on a Defined Benefit Asset, Minimum Funding Requirements and Their Interaction. The requirements of IFRIC 14 meant that some entities that were subject to minimum funding requirements could not treat any surplus in a defined benefit pension plan as an economic benefit. This amendment will allow these entities to recognize a prepayment of pension contributions as an asset rather than ...
168 kB
| |
| New proposals for financial instruments at amortized cost – November 2009 (Issue 61, Supplement to IFRS outlook) The IASB has reached another key milestone of its comprehensive project to replace IAS 39 Financial Instruments: Recognition and Measurement, with the publication of a new Exposure Draft. The ED proposes a new impairment methodology, based on expected credit losses and expected cash flows, for all financial assets measured at amortized cost. It also proposes new guidance on the use of the effective interest rate, which would apply to both financial assets and financial liabilities. In this ...
2245 kB
| |
| Talking SMEs – November 2009 We are pleased to present a new series called Talking SMEs. The IASB's aim in developing IFRS for SMEs for small and medium-sized entities was to create a standard that met the needs of entities that do not have public accountability. One in particular, was to lighten the onerous burden of reporting under full IFRS. At the same time, the standard offers an internationally recognized common reporting language for entities that meet the definition of an SME.
667 kB
| |
| Classification of financial instruments within the IFRS 7 fair value hierarchy As part of its commitment to enhance disclosure requirements in the present market climate, the IASB made amendments to IFRS 7 Financial Instruments: Disclosures, applicable for annual periods beginning on or after 1 January 2009. For many entities, these disclosures will be required for the first time for years ending on 31 December 2009. The amendments are intended to enhance disclosures about liquidity risk and fair value measurement, including the classification of financial instruments ...
964 kB
| |
| Related party disclosures - Amendments to IAS 24 – November 2009 (Issue 59, Supplement to IFRS outlook) The IASB has issued a revised version of IAS 24 Related Party Disclosures that clarifies and simplifies the definition of a related party. The revised standard also provides some relief for government-related entities (as defined in the amended standard) to disclose details of all transactions with other government-related entities (as well as with the government itself). In this supplement, we summarize the changes to IAS 24 and highlight the potential implications for businesses.
182 kB
| |
| IFRS outlook – November 2009 G-20 and the principles for sound compensation — accounting implications for sharebased payment transactions / Fair value measurement — EY views / Preparing for 2009 year-end reporting under IFRS / Financial reporting developments / Resources
702 kB
| |
| Classification of rights issues denominated in a foreign currency – October 2009 (Issue 58, Supplement to IFRS outlook) The IASB’s recent amendment to IAS 32 Financial Instruments: Presentation provides relief to entities that issue rights in a currency other than their functional currency, from treating the rights as derivatives with fair value changes recorded in profit or loss. Such rights will now be classified as equity instruments when certain conditions are met. Application of the amendment is retrospective and will result in the reversal of profits or losses previously recognized. This supplement ...
89 kB
| |
| IFRS outlook – October 2009 The changing landscape of IFRS – an interview with Ernst & Young's leadership / Accounting for financial instruments – keeping pace with the changes / Debt modification and extinguishment: how modifying a company’s debt affects financial reporting / Financial reporting developments / Resources
543 kB
| |
| IFRS outlook – September 2009 Proposed new tax accounting standard — a missed opportunity? / Capitalisation of borrowing costs – distinction between general and specific borrowings / Resources
464 kB
| |
| Accounting for investment property under construction (IPUC) – a practical guide In May 2008, the IASB, as part of its annual improvements process, approved amendments that brought IPUC into the scope of IAS 40 for annual periods beginning on or after 1 January 2009 and required entities reporting under IFRS to re-classify IPUC from IAS 16 to IAS 40. This publication provides practical guidance on the implementation of amendments to IAS 40 and the relevant illustrative financial statement disclosures.
619 kB
| |
| IFRS outlook – August 2009 Ways to move forward from the financial crisis / Proposed lease accounting model — a step too soon? / Requirements for a third balance sheet in IFRS financial statements / Financial reporting developments / Resources
817 kB
| |
| Proposals for accounting for rate-regulated activities – July 2009 (Issue 53, Supplement to IFRS outlook) The IASB has published an Exposure Draft of its proposals for accounting for rateregulated activities in response to several requests for clear guidance. This supplement considers the scope of the proposed guidance and the impact for businesses, particularly for those countries that are in the process of converting to IFRS where accounting for the effect of rate regulation is already in place for some sectors. Comments are due by 20 November 2009.
152 kB
| |
| Amendments to IFRS 1 – July 2009 (Issue 52, Supplement to IFRS outlook) The IASB has issued Amendments to IFRS 1 - Additional Exemptions for First-time Adopters- providing additional relief for some entities applying IFRS for the first time, in particular: 1) the measurement of oil and gas assets for entities using the "full cost accounting method" under local GAAP; and 2) the assessment of leasing contracts in accordance with IFRIC 4. This supplement summarizes the proposals and their impact on businesses.
85 kB
| |
| New proposals from the IASB to account for financial instruments – July 2009 (Issue 51, Supplement to IFRS outlook) The first phase of the comprehensive project to replace IAS 39 Financial Instrument: Recognition and Measurement has reached a key milestone - the publication of the Exposure Draft (ED) on Financial Instruments: Classification and Measurement. In this supplement, we summarize the key proposals set out in the ED and their likely impact on businesses. The proposals to have only two measurement categories (fair value and amortized cost) are in line with the IASB's aim of reducing the complexity ...
284 kB
| |
| IFRS for SMEs – July 2009 (Issue 49, Supplement to IFRS outlook) The IASB has issued its standard - IFRS for SMEs - which contains a number of significant changes to some of the proposals that were made in the Exposure Draft. This supplement contains a summary of the IFRS for SMEs, its scope, key areas where options in full IFRS have been removed and key areas where the accounting for SMEs differs to full IFRS. For smaller entities, the standard is expected to reduce compliance costs and simplify the financial statements. However, they will need to ...
203 kB
| |
| Proposed guidance for management commentary – July 2009 (Issue 48, Supplement to IFRS outlook) This supplement considers the key proposals outlined in a new Exposure Draft (ED) issued by the IASB on non-binding guidance for preparing management commentary that should improve the consistency and comparability of management commentary across jurisdictions. This is more important than ever in today's uncertain financial climate, because it contributes to good corporate governance as well as quality financial reporting that explains an entity's financial performance relative to ...
187 kB
| |
| IASB seeks input on a new impairment model – July 2009 (Issue 47, Supplement to IFRS outlook) The IASB has issued a Request for Information on the feasibility of an expected cash flow approach to impairment of financial assets as part of its project to replace IAS 39. The adoption of the expected cash flow approach should help to reduce some of the complexity of the current approach under IAS 39, but businesses may face a significant challenge in adapting their processes and information systems to obtain relevant cash flow information. This supplement summarizes the key aspects of ...
89 kB
| |
| IASB issues Discussion Paper on 'own credit risk' – July 2009 (Issue 46, Supplement to IFRS outlook) The IASB has recently published a Discussion Paper on the role of an entity's own credit risk in liability measurement, often referred to as 'own credit risk'. The scope of the DP seems to be financial and non-financial liabilities measured on a current measurement basis (including fair value). In this Supplement, we summarize the arguments presented by the IASB for and against including own credit risk and also highlight some of the potential implications. Constituents need to consider ...
245 kB
| |
| IFRS outlook – July 2009 Responding to the financial crisis / Private equity funds – accounting for investments / Borrowing costs and the role of foreign currendy exchange gains or losses / Financial reporting developments / Resources
438 kB
| |
| Group cash-settled share-based payment transactions – June 2009 (Issue 45, Supplement to IFRS outlook) In an effort to provide guidance on the accounting for cash-settled share-based payment transactions, the IASB recently amended the definitions in IFRS 2 for transactions and arrangements, and the scope of the standard. In this supplement, we consider the effect of these changes and include illustrations of the potential impact of different arrangements for subsidiaries and parents. Businesses need to consider the potential tax accounting consequences of these amendments and the impact on ...
203 kB
| |
| IFRS outlook – June 2009 What is going on with financial instruments? / Equity accounting: a time for change? / Financial reporting developments / Resources
435 kB
| |
| ED Fair value measurement - proposals for a new standard – June 2009 (issue 43, Supplement to IFRS outlook) In response to issues that arise when assets, liabilities and equity instruments are measured at fair value, the IASB has issued an Exposure Draft proposing a single consistent definition of fair value; the establishment of a single framework for measuring fair value; and extends disclosures required when fair value information is disclosed or used as a measurement method. The proposals are likely to result in companies having to make changes to their information systems to accommodate the ...
160 kB
| |
| IASB tentative decisions on IAS 39 - May 2009 (Issue 42, Supplement to IFRS outlook) The IASB has adopted a working premise to use a two-category approach to measure financial instruments at either: (a) fair value; or (b) amortised cost. Under this approach, the Board expects to retain a fair value option, prohibit reclassifications between the two categories, eliminate 'tainting' rules, and for certain instruments, allow presentation of fair value changes in other comprehensive income. A new Exposure Draft containing these proposals is expected in July 2009, with the final ...
145 kB
| |
| Improvements to IFRSs – May 2009 (Issue 40, Supplement to IFRS outlook) This publication summarises the IASB's second omnibus of amendments to its standards and the related Basis for Conclusions. The Improvements Project is an annual project that provides a mechanism for making necessary but non-urgent amendments. This document contains 15 amendments to 12 standards which result from the proposals that were contained in Exposure Drafts issued by the IASB.
198 kB
| |
| IASB conclusions on the FASB FSPs and plans to replace IAS 39 – May 2009 (Issue 39, Supplement to IFRS outlook) In line with its stated intention to reduce the complexity of accounting standards for financial instruments and to address issues arising from the financial crisis, the IASB has released a timetable for a comprehensive and urgent review of IAS 39 and to publish proposals within six months. The IASB has responded to the FASB's FSPs as follows: on fair value measurement, it has confirmed that the FSP is consistent with the existing guidance in IFRS and for the avoidance of doubt, ...
99 kB
| |
| IFRS outlook – May 2009 Consolidations – do the proposed amendments really make things better? / Financial statement presentation – a step forward? / Financial reporting developments / Resources
368 kB
| |
| IFRS outlook – April 2009 Is there a future for rate regulated assets and liabilities under IFRS? / Convertible instruments – why you should look at anti-dilution provisions / Financial reporting developments / Resources
370 kB
| |
| Leases project preliminary views – March 2009 (Issue 35, Supplement to IFRS outlook) This supplement summarizes the proposals in the Discussion Paper Leases, issued by both the IASB and FASB. This DP is the output of a joint project to develop a common lease accounting standard to ensure that the assets and liabilities arising from lease contracts are recognized in the statement of financial position. Under the proposed new model, which would eliminate operating leases, lessees would record an asset representing their right to use the leased asset during the term of the ...
156 kB
| |
| Embedded Derivatives: Amendments to IFRIC 9 and IAS 39 – March 2009 (Issue 32, Supplement to IFRS outlook) The IASB has just published Embedded Derivatives: Amendments to IFRIC 9 and IAS 39. Entities must assess whether to separate an embedded derivative from a host contract in the case where the entity reclassifies a hybrid financial asset out of the fair value through profit or loss category. The amendments to IFRIC 9 require an assessment to be made either when the entity first became party to the contract or when a change in the terms of the contract significantly modifies expected cash flows.
89 kB
| |
| Amendments to IFRS 7 – March 2009 (Issue 31, Supplement to IFRS outlook) The IASB has now finalised the amendments to IFRS 7 that are intended to enhance the disclosures for fair value measurement and liquidity risk. Entities will be required to use a 3- level hierarchy of disclosures for financial instruments recorded at fair value. Businesses will need to carefully consider whether they need to modify their management information systems and internal controls to capture both the quantitative and qualitative disclosures required by the amendments.
142 kB
| |
| IFRS outlook – March 2009 IFRS for non-publicly accountable entities: much more than a change of name / IFRS 3R: avoiding the transition traps / Financial reporting developments / Resources
352 kB
| |
| IFRS Survey 2008 IFRSs from a user perspective – What companies need to apply them efficiently
349 kB
| |
| Proposed amendments to IFRIC 9 and IFRIC 16 – February 2009 (Issue 30, Supplement to IFRS outlook) The IASB has issued an ED proposing amendments to IFRIC 9 - revising the scope to exclude business combinations between entities under common control and the formation of joint ventures and IFRIC 16 - allowing, in a hedge of a net investment in a foreign operation, the qualifying hedging instruments to be held by any entity or entities within the group, including the foreign operation itself, provided that all of the requirements of IAS 39 Financial Instruments: Recognition and Measurement ...
98 kB
| |
| IFRS outlook – February 2009 Financial reporting in times of uncertainty / Goodwill disclosures under the microscope / Financial reporting developments / Resources
372 kB
| |
| Transfers of assets from customers – February 2009 (Issue 29, Supplement to IFRS outlook) The transfers of assets from customers to entities in sectors such as telecoms and utilities has resulted in diversity in the accounting methods used. This has led the IFRIC to issue Interpretation IFRIC 18 Transfers of Assets from Customers, providing guidance on when and how to recognise such assets. Entities will need to carefully analyse all the facts and circumstances to assess whether they actually control the assets in question and whether they need to make changes to their revenue ...
257 kB
| |
| IFRS outlook – January 2009 What is next for the IASB’s extractive activities project? / Revenue recognition - a new approach / Financial reporting developments / Resources
473 kB
| |
| Consolidated financial statements – December 2008 (Issue 26, Supplement to IFRS outlook) The IASB recently issued an Exposure Draft (ED) on consolidated financial statements that would replace IAS 27 and SIC-12. The proposals contained in the ED will require entities holding investments to exercise greater judgement imposed by a new definition of control of an entity and to introduce additional procedures to make the necessary assessments, respond to changes in circumstances and to make the additional disclosures - particularly for involvement with 'Structured Entities'.
214 kB
| |
| IFRS outlook – December 2008 The impact of the credit crisis on share-based payment awards / What is a business unter IFRS 3 revised? / Financial reporting developments / Resources
387 kB
| |
| US SEC Roadmap – November 2008 (Issue 20, Supplement to IFRS outlook) On 14 November 2008, the SEC issued its long-awaited proposed Roadmap for the potential use of IFRS by US issuers. The SEC’s proposal may well influence decisions made by the IASB and its parent organization, the International Accounting Standards Committee Foundation and, therefore, affect entities outside the US as well. The proposed Roadmap is the most significant step the SEC has taken towards adopting a single set of high-quality global accounting and financial reporting standards. We ...
794 kB
| |
| IFRS outlook – November 2008 The road ahead for pension accounting / Easier said than done. selecting an appropriate measurement basis for insurance / Reducing complexity in reporting financial instruments / Financial reporting developments / Resources
1033 kB
| |
| Reclassification of financial assets – October 2008 (Issue 16, Supplement to IFRS Outlook) This issue provides an overview of the amendments to IAS 39 Financial Instruments: Recognition and Measurement and IFRS 7 Financial Instruments: Disclosures which allows reclassification of certain financial instruments from held for trading to either held to maturity, loans and receivables or available for sale categories under certain circumstances. In addition, it contains a preliminary analysis of some of the considerations when applying the amendment.
149 kB
| |
| IFRS outlook – October 2008 The accounting profession responds to the credit crisis / Testing for impairment during financial crises and recession / Distributor arrangements / Financial reporting developments / Resources
381 kB
| |
| IFRS outlook – September 2008 Feature: SEC roadmap / Technical focus: Post-employment benefits – views on proposed amendments; Guidance on the fair value of financial instruments in markets that are no longer acitve / Upcoming Comment Letters / Resources
391 kB
| |
| IFRS in the banking industry This publication provides an analysis of the disclosures made in the first year of mandatory adoption of IFRS 7 Financial Instruments: Disclosures, by the 24 largest European banks. We set out examples of the disclosures given and comment on the practical difficulties involved in preparing and interpreting this information.
4370 kB
| |
| IFRS 7 in the insurance industry Ernst & Young has published "IFRS 7 in the insurance industry," which examines how IFRS 7 Financial Instruments has been applied in the insurance industry, highlighting challenges faced by insurance companies in applying the standard and drawing comparisons between them. The report is based on an analysis of the IFRS 7-specific disclosures in the annual financial statements of 16 of the largest insurers reporting under IFRS.
2744 kB
| |
| IFRS outlook – July 2008 Executive Summary / Interview: IFRS from an analyst's perspective / Technical focus: Financial instruments with characteristics of equity / Financial reporting developments / Resources
294 kB
| |
| IFRIC 15 – Agreements for the Construction of Real Estate – July 2008 (Issue 10, Supplement to IFRS Outlook) This publication summarizes an interpretation which addresses the divergence in construction of real estate accounting treatment and clarifies when and how revenue and related expenses from the sale of a real estate unit should be recognized if an agreement between a developer and a buyer is reached before the construction of the real estate is completed. Furthermore, the interpretation provides guidance on how to determine whether an agreement is within the scope of IAS 11 or IAS 18.
153 kB
| |
| IFRIC 16 Hedges of a Net Investment in a Foreign Operation – July 2008 (Issue 9, Supplement to IFRS Outlook) This publication summarizes an interpretation which provides guidance on identifying the foreign currency risks that qualify for hedge accounting in the hedge of a net investment; where within the group the hedging instrument(s) can be held in the hedge of a net investment; and how an entity should determine the amount of foreign currency gain or loss, relating to both the net investment and the hedging instrument, to be recycled on disposal of the net investment.
236 kB
| |
| IFRS outlook – June 2008 Executive summary / Featured article: Getting ready for IFRS / Technical focus: Employee terminations — cancellation or forfeiture? / Financial reporting developments / Resources
385 kB
| |
| IFRS Advisory: Helping you meet current and future challenges in a changing environment IFRS is becoming the true global set of accounting standards. The increasing complexity challenges the CFOs in many different ways and impacts the business in a wider variety of aspects. In order to avoid surprises, it is key to address issues early. Ernst & Young offers adequate services and assists businesses in meeting the IFRS challenges.
492 kB
| |
| Good Group (International) Limited – Interim Statements 30 June 2008 The interim condensed consolidated financial statements for a fictitious company based in "Euroland", a fictititous country in Europe, and reporting in Euros. The financial statements incorporate all IFRS in issue at 31 March 2008, and are in accordance with IAS 34 Interim Financial Reporting.
2983 kB
| |
| Liabilities and equity – April 2008 (Issue 2, Supplement to IFRS Outlook) 0n 28 February 2008, the International Accounting Standards Board (IASB) issued a Discussion Paper comprising the Financial Accounting Standards Board (FASB) Preliminary Views Financial Instruments with Characteristics of Equity document and an Invitation to Comment. The Disscussion Paper seeks to simplify and improve financial reporting for financial instruments with characteristics of equity.
221 kB
| |
| IFRS outlook – April 2008 Executive summary / Featured article: Update on SEC activities and IFRS in the US / Interview with Paul Ebling: The challenges facing EFRAG in today's changing environment / Technical focus: Certified emission reductions – how should they be accounted for? / IASB highlights / IFRIC highlights / Resources
531 kB
| |
| Global EYe on IFRS – February 2008 Executive summary / Interview with Sir David Tweedie: What are the forthcoming challenges for the IASB and IFRS? / Featured article: Accounting for joint arrangements – proposed changes / Technical focus: Contingent consideration – when is it compensation for future services? / IASB highlights / IFRIC highlights / Resources
2250 kB
| |
| International GAAP® 2008 International GAAP® 2008 is the only globally focused work on IFRS, written by financial reporting experts from Ernst & Young's International Financial Reporting Group. This new and essential volume of practical guidance and expert interpretation deals with every aspect of applying IFRS appropriately and effectively and includes a new chapter on Extractive Industries (mining, oil & gas), the biggest industry sector in the world.
Price:
CHF 245
per piece
| |
| Global EYe on IFRS, December 2007 Executive Summary / Feature article: Revenue Recognition / Interview: IFRS: As application of IFRS continues to grow, what challenges lie ahead? / Technical Focus: Financial Guarantee Arrangements - have you got the accounting right? - IASB highlights / Resources
718 kB
| |
| Real Estate IFRS Financial Statements Survey – 2007 The real estate industry encompasses a range of activities from property development to construction, management and maintenance.This analysis focuses on the use of IFRS in the property investment industry.
315 kB
| |
| U.S. GAAP v. IFRS: The Basics A new guide which summarizes the similarities and differences between US GAAP and IFRS. Its purpose is to increase IFRS awareness and to prepare for the time at which US companies potentially will be given the option, or will be required, to convert their financial reporting from US GAAP to IFRS
448 kB
| |
| Global EYe on IFRS, October 2007 Executive summary / Feature article: The SEC proposal to eliminate the reconciliation of IFRS to US GAAP / Interview: Real estate sales: the end of construction contract accounting? / Technical focus: FASB and IASB joint project on lease accounting; IASB highlights / Resources
346 kB
| |
| Option-pricing models – Using option-pricing models to value employee share options The publication Option Pricing Models, produced by the share-based payment group, explains how the Black-Scholes-Merton formula, lattice models and monte-carlo simulations can be used to estimate the fair value of employee share options in accordance with IFRS 2, highlights some of the differences between the models and provides some guidance as to when each may be appropriate.
698 kB
| |
| Developments in IFRS for financial instruments This newsletter summarises the main discussions and conclusions reached concerning financial instruments at the June and July 2007 meetings of the International Accounting Standards Board (IASB or Board), as well as the July 2007 meeting of the International Financial Reporting Interpretations Committee (IFRIC or Committee).
131 kB
| |
| Good Group (International) Limited International GAAP® Illustrative Financial Statements – Based on International Financial Reporting Standards in issue at 31 August 2007
870 kB
| |
| Global EYe on IFRS, August 2007 Feature article: Principles-based standards – are they the way forward? / Interview: Update on the IASB/FASB measurement project / Technical focus: A missed opportunity; IASB highlights / Resources
548 kB
| |
| Developments in IFRS for financial instruments – Issue 25, June 2007 This newsletter summarises the main discussions and conclusions reached concerning financial instruments as the February, March, April and May 2007 meetings of the International Accounting Standards Board (IASB or Board) as well as the March and May 2007 meetings of the International Financial Reporting Interpretations Committee (IFRIC or Committee). It also reports on other developments in the reporting of financial instruments under International Financial Reporting Standards (IFRS).
145 kB
| |
| Checklist for the Accounting and Reporting Regulations (Swiss GAAP ARR) - German Version Based on the Swiss GAAP ARR regulations applicable as of 1 January 2007 (© Swiss Foundation for Accounting and Reporting) – After a considerable number of publicly listed companies filed accounts in accordance with Swiss GAAP ARR some years ago, the SWX demanded that IFRS or US GAAP regulations be applied from 2005 for all main segment securities. Now the Swiss standard is concentrating primarily on SMEs which are the recipients of state funding, charitable organisations and pension funds ...
2258 kB
Price:
free
| |
| Global EYe on IFRS, June 2007 Executive Summary / Feature article: The IASB's proposals on fair value measurements / Technical focus: How will IFRS 8 impact goodwill impairment testing; IASB highlights / Resources
495 kB
| |
| Towards Convergence: A Survey of IFRS to US GAAP Differences As companies file their IFRS to US GAAP reconciliations for the first time, we survey the information from 130 of the world’s largest companies. We identify and analyze almost 200 reported IFRS to US GAAP differences, discuss the IFRS first-time adoption rules and pay close attention to the situation in the air transport, chemicals, financial services, mining, oil and gas, pharmaceuticals, telecoms, and utilities industries.
856 kB
| |
| Global EYe on IFRS, March 2007 Executive summary / Feature article: Financial statement presentation – the future / Interview: The EFRAG and its role in Europe /Technical focus: Are all the proposed changes really necessary? / IASB highlights / Resources
486 kB
| |
| Global EYe on IFRS, January 2007 Executive summary / Feature article: The quest for a revised conceptual framework / Interview: What is happening at IOSCO? / Technical focus: Puts and forwards held by minority interests; IASB highlights / 2006 Year-end IFRS update / Resources
668 kB
| |
| IFRS Insurance Reporting - Beyond Transition The implementation of IFRS has been a success around the world, but considerable work is still needed to improve the transparency and comparability of insurance company financial statements. For many, the 'black box' of insurance accounting remains. The attached report contains recommendations to improve this situation in the short to medium term.
7023 kB
| |
| IFRS Phase II Insurance Accounting The Global IFRS Insurance Working Group has issued a thought leadership paper comparing the principles that have been debated at the IASB with views that have been expressed by a group of European insurance industry representatives (the CFO Forum) and the International Association of Insurance Supervisors (IAIS). The paper notes that although there are many areas of consensus, there are some important areas of difference. It also contains a summary of some high level business implications ...
357 kB
| |
| Global EYe on IFRS, November 2006 Executive summary / Feature article: IFRIC due process / Interview: The role of the IASC Foundation and Its Trustees / Technical focus: Accounting standards for small and medium-sized entities; IASB highlights / IFRS roundtables / Resources /Contacts
463 kB
| |
| The impact of IFRS on European banks – 2005 Reporting EY has published "The Impact of IFRS on European Banks," which analyses the 2005 annual financial statements of the 24 largest European banks reporting under IFRS and summarises the primary implications of the transition to IFRS. The information upon which this analysis is based is derived exclusively from published financial statements as at 18 May 2006.
754 kB
| |
| Illustrative Financial Statements - Prepared under International GAAP (2006) This edition contains the consolidated financial statements of a fictitious company, Good Group (International) Limited, a manufacturing company with subsidiaries (‘the Group‘), incorporated and listed in Euroland, with a reporting date of 31 December. Euroland is a fictitious country within Europe, whose currency is euros. The functional currency of the parent and the presentation currency of the Group is euros. The standards applied in the financial statements are those that were in issue ...
869 kB
| |
| Global EYe on IFRS, September 2006 Featured article: IFRS reporting survey / Interview: The implications of IFRS in the pharmaceutical industry / Industry-focused IFRS roundtables / Technical focus: The lease that may be hiding in your cupboard; IASB highlights / Resources / Contacts
1620 kB
| |
| Observations on the Implementation of IFRS Ernst & Young has published the findings of its survey of how 65 of the world's largest companies used IFRS to prepare their 2005 financial statements. The report looks at the way companies have addressed the most complex accounting areas under IFRS, and also the way in which leading companies have dealt with issues specific to their industries. The report sets out some of the themes relating to IFRS that emerged from the study and expresses concerns about the increasing complexity of financial statements. It calls for bold measures to improve transparency and ease of understanding and to reduce the number of required disclosures.
3972 kB
| |
| Global EYe on IFRS, July 2006 Executive summary / Featured article: Measurement bases on initial recognition / Interview: The Standard Advisory Council of the IASB / Technical focus: IFRS 7 Financial Instruments: Disclosures / IASB highlights / Resources / Contacts
1593 kB
| |
| Global EYe on IFRS, May 2006 Executive summary / Featured article: IASB-management commentary discussion paper / Interview: The implications of IFRS for the investment management industry / Technical focus: Full recognition of pension deficits: a matter of time? - IASB highlights / Resources / Contacts
1380 kB
| |
| Good Group (International) Limited - Illustrative Interim Condensed Financial Statements This publication contains the interim condensed consolidated financial statements of a fictitious manufacturing company with subsidiaries incorporated and listed in a fictitious European country, with a financial year end of 31 December. A commentary following the statements illustrates the significant IAS 34 requirements. Based on International Financial Reporting Standards in issue at 31 March 2006.
442 kB
| |
| IFRS 2 share-based payment – The Essential Guide Share-based payment (including stock option compensation) is a critical issue for company executives, entrepreneurs, employees, and directors. This publication aims to provide a high-level overview of IFRS 2 "Share-based Payment", in addition to examining whether certain transactions fall within the scope of IFRS 2 and require the standard to be applied and ultimately recognised by the entity as an expense. This publication also examines at a high level the issues to consider when formulating share-based payment plans. A glossary of specific terms relating to share-based payments has also been included at the end of this document to assist in understanding the topic.
337 kB
| |
| Global EYe on IFRS, March 2006 Featured article: Convergence – why rush? / Interview: IFRS from an analyst's perspective / Technical Focus: Managing a mixed accounting model – the challenges faced by the real estate industry in applying IFRS / IASB highlights / Resources / Contacts
1277 kB
| |
| IFRS 7 Financial Instruments This publication provides an overview of IFRS 7 Financial Instruments: Disclosures (IFRS 7 or the Standard) in addition to discussing the main differences compared to the existing disclosure requirements for financial instruments. A comprehensive comparison between IFRS 7 and existing disclosure requirements is presented as an Appendix to this publication.
224 kB
| |
| IFRS - The Implications for the Building Materials Sector A summary and analysis of the impact of first time adoption of IFRS on the building materials industry; an article on emission rights; an article on IFRS 3 Business Combinations that examines some of the key issues and how they impact the sector in practice; IFRS from an analyst's perspective.
1111 kB
| |
| Global EYe on IFRS, January 2006 Executive summary / Featured article: How fair is fair value? / Interview: The Implications of IFRS for the utilities industry / Technical focus: Functional currency and the impact of the IASB's recent amendments to IAS 21; IASB highlights / Rescources / Contacts
431 kB
| |
| Converting to IFRS: An analysis of implementation issues To supplement our IFRS services and help companies during or following their transition to IFRS, this publication focuses on selected IFRS from a practical perspective, making it easier to understand the impact of the new standards by industry. It also includes summaries of selected IFRS to help improve understanding of the standards.
2192 kB
| |
| International GAAP® Disclosure Checklist 2005 This checklist covers all Standards and Interpretations applicable to accounting periods beginning on 1 January 2005 (that is, it has been designed to deal with 31 December 2005 year-ends, and not year-ends ending thereafter). The checklist takes account of all IFRS guidance that was approved before 31 August 2005.
905 kB
| |
| Global EYe on IFRS, November 2005 Executive summary / Featured article: Ernst & Young's position on the IASB and FASB proposals / Technical focus: Completing the transition to IFRS – more to do / Technical focus: IASB highlights / Interview: IFRS from the perspective of corporate management / Resources / Contacts
781 kB
| |
| IFRS - The implications for European banks Summary and analysis of IFRS disclosures of the 20 largest European banks / The impact of IFRS on regulatory capital in Europe / The IFRS agenda – 'unfinished business' in the financial services industry
842 kB
| |
| Financial Guarantees - Amendments to IAS 39 and IFRS 4 The August 2005 amendment to IAS 39 and IFRS 4 Financial Guarantee Contracts will have accounting implications for the issuers of financial guarantee contracts, credit insurance and credit derivatives. An entity shall apply those amendments for annual periods beginning on or after 1 January 2006. Earlier application is encouraged.
67 kB
| |
| Global EYe on IFRS, September 2005 Executive summary / Featured article: The challenge of constistent interpretation and application of IFRS / Interview: IFRS and the telecommunications industry / Technical focus: IASB highlights; The impact of expected amendments to IAS 12 on IRRS preparers / Resources / Contacts
390 kB
| |
| Summary of the IASB's Proposals to Amend IAS 37 and IAS 19 On 30 June 2005, the International Accounting Standards Board (IASB) issued an Exposure Draft proposing revisions to IAS 37 "Provisions, Contingent Liabilities and Contingent Assets" and IAS 19 "Employee Benefits". IAS 37 will be renamed "Non-financial liabilities". This change is necessary as the IASB is proposing to eliminate from IAS 37 the terms "provision", "contingent liability" and "contingent asset". However, these are not just cosmetic changes; they signal major modifications to IAS 37.
650 kB
| |
| Global EYe on IFRS, July 2005 Featured article: IFRS conversion and the role of the board / Interview: Valuation issues in a business acquisition / Technical focus: IASB highlights; IFRIC adresses questions regarding IFRS 2 / Resources / Contacts
647 kB
| |
| How Fair is ‘Fair Value’? Subjective ‘fair value’ measurements of assets and liabilities could create confusion for investors and greater volatility in accounts prepared under the new international financial reporting standards (IFRS). This is according to an Ernst & Young report How Fair is Fair Value, which argues that the application of the fair value model should be limited to those assets that have real and determinable market values.
639 kB
| |
| Global EYe on IFRS, May 2005 Featured article: The joint project to revisit the conceptual framework / Interview: Accounting challenges faced by the insurance industry / Technical focus: IASB highlights; The component approach – how different is it? / Resources / Contacts
598 kB
| |
| Global EYe on IFRS, March 2005 Featured article: Revenue recognition - the asset and liability approach / Interview: The implications of IFRS for IT applications and processes / Technical focus: IASB highlights / IFRS from a US perspective: How different is it? / Resources / Contacts
681 kB
| |
| Global EYe on IFRS, January 2005 Executive summary / Featured article: XBRL and IFRS - two global standards / Interview: The implications of IFRS for the oil and gas industry / Technical focus: IASB highlights; Demystifying embedded derivatives / Resources / Contacts
582 kB
| |
| Global EYe on IFRS, November 2004 Executive summary / Featured article: Tax consequences of IFRS / Interview: IFRS and the capital markets / Technical focus: IASB highlights / The practical implications of applying IFRS 1 / Resources / Contacts
4268 kB
| |
| Global EYe on IFRS, September 2004 Executive Summary / Featured Article: Small and Medium-sized Entities: An Update on the IASB’s Proposed Standards / Interview: Communicating to Stakeholders, About Your Company’s Conversion / Technical Focus: IASB Highlights, Intangibles: More or Less? / Resources / Contacts
652 kB
| |
| IAS Brief: IFRS 1 First-time Adoption of International Financial Reporting Standards, January 2004
548 kB
| |
| IAS 32 and IAS 39 revised: An overview The International Accounting Standards Board (“IASB”) published on 17 December 2003, in electronic form, the revised IAS 32 Financial Instruments: Disclosure and Presentation and IAS 39 Financial Instruments: Recognition and Measurement. They replace the Standards currently being applied by entities already reporting under International Financial Reporting Standards (“IFRS”). Also, they will be the versions of the Standards that will apply to those entities applying IFRS for the first time in 2005.
369 kB
| |
| New Basel Capital Accord Proposals of the Basel Committee on Banking Supervision on the Basis of the Second Consultative Paper and Current Developments
463 kB
| |
|
|
|
| Related content |
| Periodicals |
|
Magazines
Annual Reports
Newsletter
|
|
|
|
|