ifrs - The GAAP Site

IFRS in Focus — Closing out 2021

December 18, 2021 alishan No Comments

This special edition of IFRS in Focus sets out financial reporting issues that may be relevant for years ending on or after 31 December 2021 as a result of areas of regulatory focus, the current economic environment or changes in accounting standards. Download at Deloitte IASPLUS Error happened.

Deloitte IFRS Publications, IFRS

Applying IFRS – Accounting for Climate Change

December 16, 2021December 18, 2021 alishan No Comments

This EY publication is intended to support entities in assessing the extent to which climate change affects their IFRS financial statements. Significant judgement may be required to identify the accounting considerations that are relevant to the entity’s specific facts and circumstances. Download this EY IFRS Resource Error happened.

EY IFRS Publications, IFRS

KPMG Handbook: IFRS® compared to US GAAP

December 15, 2021December 19, 2021 alishan No Comments

This publication helps users understand the significant differences between IFRS Standards and US GAAP, and provides a summary of differences encountered most frequently. This publication focuses primarily on recognition, measurement and presentation. Applicability Public companies Private companies that do not adopt the private company accounting alternatives Relevant dates Annual reporting periods beginning on January 1,…

IFRS, KPMG IFRS Publications, KPMG US GAAP Publications, US GAAP, US GAAP VS IFRS

Impact of ESG matters on IFRS financial statements

November 27, 2021December 18, 2021 alishan No Comments

The impact of climate change is a high-profile issue that investors and regulators are focusing on. This In depth considers the impact of the environmental, social and governance (ESG) matters, specifically focused on the effect of climate change on the IFRS financial statements. View this publication PwC ViewPoint Error happened.

IFRS, PwC IFRS Publications

Amendment to IAS 16 – Proceeds before intended use

November 22, 2021December 18, 2021 alishan No Comments

The IASB (‘Board’) has concluded that the cost of an asset includes any costs attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. One of those costs is testing whether the asset is functioning properly. The amendment to IAS 16 prohibits an entity from deducting…

IFRS, PwC IFRS Publications

Applying IFRS – Accounting for SPACs November 2021

November 18, 2021December 18, 2021 alishan No Comments

Acquisition by a special purpose acquisition company (SPAC) offers private companies a way to go public without a traditional initial public offering. As the volume of SPAC transactions continues to grow, stakeholders, including regulators, continue to expect high quality financial reporting which appropriately addresses relevant accounting and disclosure matters. Download thie IFRS Resource Error happened.

EY IFRS Publications, IFRS

BDO Model IFRS statements

November 13, 2021 alishan No Comments

These are illustrative IFRS financial statements of a listed company, prepared by BDO in accordance with International Financial Reporting Standards. These illustrative IFRS financial statements are intended to be used as a source of general technical reference, as they show suggested disclosures together with their sources. They are not intended to address the particular circumstances…

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BDO IFRS Publications

ASPE VS IFRS: A COMPARISON SERIES by BDO Canada

November 4, 2021 alishan No Comments

Are you concerned about potential differences between Accounting Standards for Private Enterprises (Canadian ASPE) and International Financial Reporting Standards (IFRS) for your organization? With the increasing complexity of IFRS, the number of differences that may arise for entities are increasing each year. This series by BDO Canada outlines the extent of differences on a standard-by-standard…

BDO IFRS Publications, Canadian ASPE, IFRS

Accounting by holders of crypto-assets

October 14, 2021October 25, 2021 alishan No Comments

This EY publication considers the accounting by holders of crypto-assets. It has been updated for new illustrations and standard-setting development and examines classification, initial recognition and subsequent measurement of crypto-assets held and considerations for appropriate disclosure. At the time of writing, more than 12,000 different cryptocurrencies, crypto-coins and crypto-tokens were traded or listed on various…

EY IFRS Publications, IFRS

EY IGAAP Disclosure Checklist for Interim Condensed Financial Statements – IFRS at 31 August 2021

September 26, 2021September 26, 2021 alishan No Comments

This edition of the checklist is applicable for any interim periods of entities with a 30 June 2022 year end.
This EY disclosure checklist for interim condensed financial statements captures the disclosure requirements for IFRS standards and interpretations in issue at 31 August 2021.

EY IFRS Publications, IFRS