Read the past issues below.
Apr26 Boards address various application issues in the revenue proposal
The IASB released a new exposure draft proposing that entities should recognise and measure a credit loss allowance based on an expected credit loss model.
Apr12 Boards address various application issues in the revenue proposal
The IASB and FASB considered application of joint revenue recognition proposal. Tentative decisions were made regarding scope, repurchase agreements and transfers of certain non-financial assets.
Mar28 Proposed amendments to IAS 39 and IFRS 9
The IASB published an exposure draft proposing that hedge accounting need not be discontinued when derivatives designated in hedging relationships are required to be novated to a central counterparty.
Mar15 Important changes to hedge accounting
The IASB made some important changes to the hedge accounting standard at its January meeting to address constituents' concerns regarding cash flow hedge ineffectiveness.
Mar1 IFRS 10 - Consolidation for fund managers
IFRS 10 establishes a single control model that applies to all entities, replacing guidance previously contained in IAS 27 and SIC 12.
Feb15 IFRS Developments: Boards progress further on revenue re-deliberations
In December 2012, the IASB and FASB continued their joint re-deliberations of the revenue recognition exposure draft. Tentative decisions were made in relation to allocating the transaction price, constraining revenue recognised for sales-based royalties and capitalising contract acquisition costs.
Feb1 Global banking outlook 2013-14
Our forecast examines 10 key issues facing banks in the coming years, including new pricing models, technology challenges and the importance of reputation.
Jan18 Good Bank (International) Limited
Good Bank (International) Limited 2012 (pdf 2.81mb) provides a practical working model of consolidated financial statements, prepared in accordance with IFRS, for a fictitious banking entity, Good Bank (International) Limited and its subsidiaries for the year ended 31 December 2012.
Jan4 Exposure drafts issued on narrow amendments to IFRS 10, IFRS 11 and IAS 28
In this issue of IFRS Developments (pdf 485kb), we discuss the proposals for the two exposure drafts issued by IASB in December 2012, as follows:
- The proposed amendment to IFRS 11 clarifies how to account for an acquisition of an interest in a joint operation that is a business as defined in IFRS 3
- The proposed amendments to IAS 28 (2011) and IFRS 10 clarify how to account for the sale/contribution of assets by an investor to its associate or joint venture, which will depend on whether the asset being contributed is a business as defined in IFRS 3