Filter results
Filter insights by:
Issue
Industry
Service
Content type
Filters applied:
Showing 16 of 114 content results
CORPORATE COMPLIANCE Employer Reporting of Benefits: Enhanced Reporting Requirements (ERR)
Finance Act 2022 introduced the requirement for employers to notify Revenue of certain payments made to employees known as ‘reportable benefits’. The introduction of this reporting requirement is subject to a commencement order; however, the target implementation date is 1 January 2024.
Jillian O'Sullivan
Jillian O'Sullivan
| 3 min read | 13 Sep 2023
IFRS Insights into IFRS 3 - Recognition principle
Our ‘Insights into IFRS 3’ series summarises the key areas of the Standard, highlighting aspects that are more difficult to interpret and revisiting the most relevant features that could impact your business. This article explains the recognition principles set out in IFRS 3.
Fergus Condon
Stephen Murray
Louise Kelly
| 3 min read | 23 Jan 2023
IFRS Insights into IFRS 3 - How should the identifiable assets and liabilities be measured?
Our ‘Insights into IFRS 3’ series summarises the key areas of the Standard, highlighting aspects that are more difficult to interpret and revisiting the some relevant features that could impact your business. This article sets out the definition and underlying principles of fair value, gives a brief overview of permissible valuation techniques and presents IFRS 3’s specific guidance on fair value measurement.
Fergus Condon
Stephen Murray
Louise Kelly
| 2 min read | 23 Jan 2023
IFRS Insights into IFRS 3 - Specific recognition and measurement provisions
Our ‘Insights into IFRS 3’ series summarises the key areas of the Standard, highlighting aspects that are more difficult to interpret and revisiting the most relevant features that could impact your business. IFRS 3 has specific guidance on how some items are recognised and measured. This article summarises this specific guidance and provides examples to illustrate its application.
Fergus Condon
Stephen Murray
Louise Kelly
| 2 min read | 23 Jan 2023
IFRS Navigating the changes to International Financial Reporting Standards
Navigating the changes to International Financial Reporting Standards. A briefing for preparers of IFRS financial statements.
Fergus Condon
Stephen Murray
Louise Kelly
| 1 min read | 08 Feb 2022
IFRS IFRS Viewpoint - Reverse acquisitions outside the scope of IFRS 3
Private operating companies seeking a ‘fast track’ stock exchange listing sometimes arrange to be acquired by a smaller listed company (often described as a ‘shell’ company). This usually involves the listed shell company issuing its shares to the private company shareholders in exchange for their shares in the private operating company. A transaction in which a company with substantial operations (‘operating company’) arranges to be acquired by a listed shell company should be analysed to determine how it should be accounted for under IFRS.
Fergus Condon
Stephen Murray
Louise Kelly
| 1 min read | 26 Jan 2022
IFRS Insights into IFRS 3 - Reverse acquisitions explained
Acquisitions of businesses can take many forms and can have a fundamental impact on the acquirer’s operations, resources and strategies. These acquisitions are sometimes referred to as mergers or business combinations, and the accounting and disclosure requirements are set out in IFRS 3 ‘Business Combinations’.
Fergus Condon
Louise Kelly
Stephen Murray
| 1 min read | 26 Jan 2022
IFRS Insights into IFRS 3 - Reverse acquisitions in the scope of IFRS 3
Acquisitions of businesses can take many forms and can have a fundamental impact of the acquirer’s operations, resources and strategies. These acquisitions are described in many ways depending on the underlying facts and circumstances: mergers, takeovers and business combinations are all terms that are used, and the accounting and disclosure requirements for all of them are set out in IFRS 3 ‘Business Combinations’.
Fergus Condon
Stephen Murray
Louise Kelly
| 1 min read | 26 Jan 2022
Financial Reporting Insights into IAS 36 - Value in use: applying the appropriate discount rate
IAS 36 ‘Impairment of Assets’ sets out the requirements entities should follow prior to concluding if an asset should be written down in the financial statements (ie impaired). However, due to the complex nature of the standard, the requirements of IAS 36 can be challenging to apply in practice.
Fergus Condon
Stephen Murray
Louise Kelly
| 1 min read | 12 Jan 2022
Financial Reporting Insights into IAS 36 - Value in use: estimating future cash inflows and outflows
IAS 36 ‘Impairment of Assets’ prescribes the accounting for impairment reviews. There are some detailed requirements of IAS 36 that are complex and challenging for the preparers of financial statements to apply.
Fergus Condon
Stephen Murray
Louise Kelly
| 1 min read | 11 Jan 2022
Financial Reporting Insights into IAS 36 - Estimating recoverable amount
IAS 36 ‘Impairment of Assets’ provides the guidance for carrying out impairment reviews of assets (both tangible and intangible). IAS 36 is not a new Standard, and while many of its requirements have been extensively commented on, IAS 36’s guidance is detailed, prescriptive and complex in some areas, and therefore frequently challenging to apply in practice.
Stephen Murray
Fergus Condon
Louise Kelly
| 1 min read | 11 Jan 2022
Insurance IFRS 17 – Insurance Contracts
At its March 2020 meeting, the International Accounting Standards Board deferred the effective date of IFRS 17 Insurance Contracts for a year to 1 January 2023, with early application permitted.
Nuala Crimmins
Marie Anderson
Christopher Rogers
David Pauley
| 3 min read | 07 Oct 2021
Insurance Recovery Planning
With the publication of the Central Bank (Supervision and Enforcement) Act 2013 (Section 48(1)) (Recovery Plan Requirements for Insurers)
Marie Anderson
Marie Anderson
| 1 min read | 07 Oct 2021
FS Download FS Download - Issue 2
See our latest Financial Services Download which covers all things going on in the Financial Services sector.
26 Jul 2021
Financial Services Financial Services Download
See our latest Financial Services Download which covers all things going on in the Financial Services sector.
20 May 2021
IFRS IFRS 17 Insurance Contracts – State of play
With a confirmed effective date for annual reporting periods beginning on or after 1 January 2023, the new standard for the reporting of insurance contracts is looming on the horizon for many (re)insurers. For some of the larger domestic industry players, the heavy lifting regarding IFRS 17 (the “Standard”) has already been done,
Stephen Tennant
Christopher Rogers
David Pauley
| 2 min read | 19 May 2021
Load more