Potential accounting implications of G-20's executive comp principles
Also: Our views on the IASB's fair value ED
The November issue of IFRS Outlook explores potential accounting implications of the G-20's recently issued "Principles for Sound Compensation Practice," particularly implications for share-based payment arrangements. (Implications for cash compensation arrangements will be the focus of the December issue.)
Outlook also includes our views on the IASB's Exposure Draft on Fair Value Measurement, as well as highlights of the impact of new and amended standards that have an effective date for financial years beginning 1 January 2009.
| Financial reporting perspectives |
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IFRS Outlook: November
The November issue of IFRS Outlook examines the G-20 Summit debate around executive compensation and its implications for share-based payment transactions. We revisit the conversations over fair value measurement and highlight areas of focus for companies preparing their year-end financial statements under IFRS.
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Applying the fair value disclosure heirarchy
All financial instruments that are carried at fair value, are now required to be classified into a three tier hierarchy reflecting how fair value was determined. This publication provides guidance on how to apply this new requirement and includes examples illustrating the classification of some financial instruments within the fair value hierarchy.
- See Publications for further coverage of fair value and convergence
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Negotiation series on Acquiring a subsidiary in stages
This first issue of the Negotiation series looks at the business implications of the revised accounting for businesses acquired in stages. Before entering into any step acquisition arrangement, it is important that management understands the impact on equity and on the income statement and considers the involvement of accountants, lawyers and valuers. Our report provides examples and discusses the practical effects on other aspects of the business.
Amendment to IAS 32 to classify rights issues denominated in a foreign currency
The IASB’s recent amendment to IAS 32 Financial Instruments: Presentation allows rights issues denominated in a foreign currency to be classified as equity rather than a derivative liability. Read about the amendment and its implications. (pdf, 89kb)
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Upcoming IFRS webcasts
- The new reporting model for financial instruments under IFRS
24 November - Accounting for climate change initiatives under IFRS
15 December
See all upcoming webcasts
Archived IFRS webcasts
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Global shift to IFRS continues
Worldwide, Ernst & Young is helping companies address the challenges and opportunities represented by the shift to IFRS. Resources available include several Local GAAP / IFRS Comparisons. For more local developments, see IFRS around the world on this page. For in-depth guidance, see GAAIT.
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Insurance accounting alert
This issue of Insurance Accounting Alert summarises the upcoming IASB meeting where the board will discuss the unbundling of components of an insurance contract (between insurance, deposit and service components). The Board will also discussthe presentation of the performance statement of insurers and will consider whether the measurement of an insurance liability should include a deposit floor.
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IFRS for the Solar Industry
In response to increasing demand for cleantech and renewable energy sources, the solar technology industry has experienced very strong growth in recent years. This guide identifies IFRS accounting issues relevant to the solar industry (pdf, 5.5MB) and contains sample fact patterns for commonly occurring issues and IFRS accounting solutions that may be relevant to your business.
Accounting for stripping costs in mining activities
In surface mining operations, removal of overburden and other waste materials is necessary to access the ore for mineral extraction. In this publication we discuss the accounting issues (pdf, 218kb) that arise, in the absence of specific requirements in IFRS.
IASB to discuss measurement model, margin and discount rate
The IASB’s debate continues over selecting a measurement approach for insurance contracts. Should the Board opt for the updated IAS 37 model rather than the current fulfillment model, the conflict with the FASB’s current fulfilment approach would result in the recommendation for inclusion of both bases in the Exposure Draft. Our insurance accounting alert summarises the agenda paper.
