RSM South Africa


This section provides you with the most recent news in International Financial Reporting Standards (IFRS). It summarises the activities of the IFRS Foundation, International Accounting Standards Board (IASB) and the IFRS Interpretations Committee, as well as interviews about the effect of IFRS on the profession around the world.

Issue 64 - IFRS News in Brief

4 November 2016

Issue 63 - IFRS News in Brief

4 November 2016
PUBLICATIONS AND ANNOUNCEMENTS IFRS 4 amended to address temporary volatility in reported results on implementation of IFRS 9

Issue 61 – IFRS News In Brief

18 July 2016
PUBLICATIONS AND ANNOUNCEMENTS IFRS 2 amended for the classification and measurement of certain types of share-based payment (SBP) transactions

Issue 60 – IFRS News In Brief

18 July 2016
IFRS INTERPRETATIONS COMMITTEE LATEST DECISIONS SUMMARY The following is a summarised update on some of the main discussions or provisional decisions taken by the IFRS Interpretations Committee (IC) at its meeting on 10 May 2016.

An Introduction to the New Revenue Standard: IFRS 15

21 June 2016
IFRS 15 Revenue from Contracts with Customers was issued by the IASB on 28 May 2014 with a planned introduction for periods beginning on or after 1 January 2017. The effective date was delayed to 1 January 2018 to allow for extended clarification and public consultation.

Accounting for SMEs with IFRS for SMEs

29 April 2016
Small and Medium Entities (SMEs) operate in simpler and less complex environments compared to larger companies. Although SMEs are small in size and capacity, they account for around 95% of all companies around the world.