RSM South Africa

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.

IFRS News in Brief - Issue 82

13 June 2018
PUBLICATIONS AND ANNOUNCEMENTS

IFRS News in Brief - Issue 81

15 May 2018
PUBLICATIONS AND ANNOUNCEMENTS The IFRS Foundation has released the first three of 35 stand-alone modules designed to provide support to anyone learning about, applying or reading financial statements prepared using the IFRS for SMEs.

IFRS News in Brief - Issue 80

15 May 2018
PUBLICATIONS AND ANNOUNCEMENTS The International Accounting Standards Board issued a revised version of the Conceptual Framework for Financial Reporting on 29 March 2018. It sets out the fundamental concepts of financial reporting that underpin IFRS. It will replace the 2010 Conceptual Framework.

IFRS News In Brief - Issue 79

23 March 2018
PUBLICATIONS AND ANNOUNCEMENTS IAS 19 amended for plan amendment, curtailment or settlement 

IFRS News in Brief - Issue 78

13 February 2018
PUBLICATIONS AND ANNOUNCEMENTS IFRS 9 and IFRS 15 are effective for reporting periods starting on or after 1 January 2018. IFRS 9 Financial Instruments

IFRS 16 – Leases

6 February 2018
IFRS 16 comes into effect for periods commencing on or after 1 January 2019. All businesses that have contracts which are currently treated as operating leases in their financial statements (i.e. any business who pays rent) will definitely be affected by the forthcoming changes.

IFRS News in Brief - Issue 77

4 January 2018
PUBLICATIONS AND ANNOUNCEMENTS Four Standards amended under Annual Improvements to IFRS Standards 2015-2017 Cycle

IFRS 15 – Revenue from contracts with customers

15 December 2017
In May 2014, the International Accounting Standards Board (IASB) published IFRS 15 which replaces IAS 18 Revenue, IAS 11 Construction Contracts and their associated interpretations.

IFRS News in Brief - Issue 76

6 December 2017
IFRS INTERPRETATIONS COMMITTEE (IC) LATEST DECISIONS SUMMARY The following is a summarised update on some of the main discussions or tentative decisions taken by the IC at its meeting on 20 November 2017.

IFRS News in Brief - Issue 75

7 November 2017
PUBLICATIONS AND ANNOUNCEMENTS IFRS 9 amended for the classification of particular prepayable financial assets

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