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 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

IFRS 9 – Financial instruments (allowance for credit loss)

6 November 2017
On 24 July 2014, the International Accounting Standards Board (IASB) published the complete version of IFRS 9 which becomes mandatorily effective for periods commencing on or after 1 January 2018.

IFRS News in Brief - Issue 74

9 October 2017
PUBLICATIONS AND ANNOUNCEMENTS Proposed narrow-scope amendments to IAS 8 open for comment until 15 January 2018

IFRS News in Brief - Issue 73

11 August 2017
INTERNATIONAL ACCOUNTING STANDARDS BOARD (IASB) LATEST DECISIONS SUMMARY The following is a summarised update on the main tentative decisions taken by the IASB at its meeting on 18-19 July 2017.

A Summary of IFRS 5: Non-current assets held for sale and discontinued operations

25 July 2017
When a company makes the decision to sell an asset or to stop some part of its business, it is making a decision that affects the future cash flows, profitability and overall financial situation. The users of the financial statements should be informed about these events.

IFRS News in Brief - Issue 72

10 July 2017
PUBLICATIONS AND ANNOUNCEMENTS Release of IFRIC Interpretation 23 Uncertainty over Income Tax Treatments

IFRS News in Brief - Issue 71

7 June 2017
PUBLICATIONS AND ANNOUNCEMENTS Release of the final standard on insurance accounting

Issue 70 - IFRS News in Brief

10 May 2017
PUBLICATIONS AND ANNOUNCEMENTS Proposed minor amendments to IFRS 9 open for comment until 24 May 2017

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