IFRS News

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.

April 2022 - Your Global Summary of IFRS News and Developments

11 May 2022
LATEST MATTERS FROM THE INTERNATIONAL ACCOUNTING STANDARDS BOARD (IASB)

January 2022 - Your Global Summary of IFRS News and Developments

3 April 2022
LATEST MATTERS FROM THE INTERNATIONAL ACCOUNTING STANDARDS BOARD (IASB)

December Year End Accounting Reminder

9 December 2021
This newsletter discusses reporting requirements as of December 31, 2021. The first section discusses key topics and reminders that financial statement preparers and reviewers should consider in preparing their statements.

January 2021 - Your Global Summary of IFRS News and Developments

31 March 2021
RSM World of IFRS summarises key matters arising from recent IASB discussions and decisions, highlights RSM thought leadership from around the world, and addresses an IFRS application question each month.

IFRS illustrative financial statements

14 January 2021
RSM’s IFRS illustrative financial statements provide the consolidated financial statements of several entities across a range of structures. The financial statements are prepared in accordance with International Financial Reporting Standards. They are an invaluable resource for anyone involved in the preparation or audit of a financial report under IFRS.

December Year-end Accounting Reminders IFRS

14 January 2021
This newsletter will discuss reporting requirements as of 31 December 2020 including IFRS that become effective from 1 January 2020, IFRS that will be effective from 1 January 2021 or later but are available for early adoption  and a round up of IFRIC agenda decisions in 2020.

Determining the Discount Rate Under IFRS 16

14 January 2021
Many companies have underestimated the impact of the adoption of IFRS 16 Leases and the key judgements involved in the transition to the new leasing standard. 

Applying IFRS 9 financial instruments

14 January 2021
Application of the Provision Matrix Practical Expedient in the Calculation of Lifetime Expected Credit Losses   This guidance provides a reminder of the requirements of IFRS 9 with respect to the impairment of trade receivables, lease receivables and contract assets measured using the simplified approach.

Coronavirus and IFRS financial reporting implications

10 September 2020
It’s quite clear that coronavirus is a devastating, exceptional and extraordinary worldwide event which will have a significant financial impact on many entities.  The financial reporting implications of coronavirus, together with the Government support, could prove challenging. We have provided analysis on a number of areas detailing:

April & May 2020 - Your Global Summary of IFRS News and Developments

28 July 2020
April & May 2020 - Your Global Summary of IFRS News and Developments

Accounting for Changes to Lease Contracts

15 July 2020
Accounting for COVID-19 related rent concessions and other modifications to lease contracts, from the lessee’s perspective

Coronavirus: Financial Reporting Considerations Update

9 June 2020
by RSM IFRS Advisory Committee Contents RSM INSIGHT: Coronavirus: Financial Reporting Considerations Update

RSM INSIGHT Coronavirus: Financial Reporting Considerations

26 April 2020
by RSM IFRS Advisory Committee

December 2019 - Your Global Summary of IFRS News and Developments

6 February 2020
LATEST MATTERS FROM THE INTERNATIONAL ACCOUNTING STANDARDS BOARD (IASB)

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