FAAS Bi-Weekly 2014

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Hedge accounting under IFRS 9

We look at some of the potential benefits for reporting entities and explore some of the challenges IFRS 9 poses.


Read the past issues below.


Expected credit loss model: sets 2018 effective date

The IASB completed its redeliberations on the proposed expected credit loss model and plans to issue IFRS 9 Financial Instruments, effective from 1 January 2018


IFRS 12 Structured entities

We explore the impact of IFRS 12 on fund managers who manage investment funds which may fall within the definition of a structured entity.


Post-implementation review of IFRS 3

The IASB issued a Request for Information - Post-implementation Review: IFRS 3 Business Combinations. The request for information is open for comment until 30 May 2014.


Interim standard on regulatory deferral accounts

The IASB issued IFRS 14 to encourage rate-regulated entities to adopt IFRS while the IASB works on the comprehensive rate-regulated activities project.


Future directions for foreign banks in China

With significant initiatives such as Renminbi internationalization and opening up the capital account, foreign banks in China are on the cusp of a new era.


IASB issues two cycles of annual improvements to IFRS

The IASB issued two cycles of the annual improvements containing 11 changes to nine standards. The amendments are effective on or before 1 July 2014.


Challenges in adopting and applying IFRS 10

This publication describes the requirements of IFRS 10, including the amendment to include an exception to consolidation for investment entities.

FAAS bi-weekly in 2013