Insights

IFRS Insights into IFRS 3 - Recognition principle 23 Jan 2023

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

IFRS Insights into IFRS 3 - How should the identifiable assets and liabilities be measured? 23 Jan 2023

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

IFRS Insights into IFRS 3 - Specific recognition and measurement provisions 23 Jan 2023

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

IFRS IFRS Example Interim Condensed Consolidated Financial Statements 2022 20 May 2022

The preparation of financial statements in accordance with International Financial Reporting Standards (IFRS) is challenging. Each year, new Standards and

IFRS Navigating the changes to International Financial Reporting Standards 08 Feb 2022

Navigating the changes to International Financial Reporting Standards. A briefing for preparers of IFRS financial statements.

IFRS IFRS Viewpoint - Reverse acquisitions outside the scope of IFRS 3 26 Jan 2022

Private operating companies seeking a ‘fast track’ stock exchange listing sometimes arrange to be acquired by a smaller listed company (often described as a

IFRS Insights into IFRS 3 - Reverse acquisitions explained 26 Jan 2022

Acquisitions of businesses can take many forms and can have a fundamental impact on the acquirer’s operations, resources and strategies. These acquisitions are

IFRS Insights into IFRS 3 - Reverse acquisitions in the scope of IFRS 3 26 Jan 2022

Acquisitions of businesses can take many forms and can have a fundamental impact of the acquirer’s operations, resources and strategies. These acquisitions are

Financial Reporting Insights into IAS 36 - Value in use: applying the appropriate discount rate 12 Jan 2022

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

Financial Reporting Insights into IAS 36 - Value in use: estimating future cash inflows and outflows 11 Jan 2022

IAS 36 ‘Impairment of Assets’ prescribes the accounting for impairment reviews. There are some detailed requirements of IAS 36 that are complex and

Financial Reporting Insights into IAS 36 - Estimating recoverable amount 11 Jan 2022

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

IFRS IFRS Example Consolidated Financial Statements 2021 17 Nov 2021

The preparation of financial statements in accordance with International Financial Reporting Standards (‘IFRS’) is challenging. Each year, new Standards and

IFRS Configuration or customisation costs in a cloud computing arrangement 17 Nov 2021

Configuration or customisation costs in a cloud computing arrangement

Audit and Assurance Insights into IFRS 8 04 Nov 2021

For entities that operate in a variety of classes of business, geographical locations, regulatory or economic environments or markets, high quality management

Insurance IFRS 17 – Insurance Contracts 07 Oct 2021

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

Audit and Assurance Insights into IAS 36 - Allocating assets to cash-generating units 29 Sep 2021

The accounting requirements regarding impairment of tangible and intangible assets are governed by IAS 36 ‘Impairment of Assets’. The requirements are not new,

Audit and Assurance Insights into IAS 36 - Allocating goodwill to cash-generating units 29 Sep 2021

IAS 36 ‘Impairment of Assets’ assesses when and how to conduct an impairment review. It contains complex areas of guidance and therefore is challenging to

Audit & Assurance Accounting for rent free periods and rent concessions as a result of COVID-19 08 Jun 2021

The International Accounting Standards Board (IASB) has issued amendments to IFRS 16 which simplifies how companies account for COVID-19-related rent

IFRS IFRS 17 Insurance Contracts – State of play 19 May 2021

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

IFRS IFRS Foundation announces next steps on sustainability 25 Mar 2021

The Foundation has acknowledged the need for global sustainability reporting standards and the role it could play in their development. The International

IFRS 3 Identifying a business combination within the scope of IFRS 3 25 Mar 2021

Mergers and acquisitions are becoming more and more common as entities aim to achieve their growth objectives. IFRS 3 ‘Business Combinations’ contains the

IFRS 3 Identifying the acquisition date 25 Mar 2021

Acquisitions of businesses can take many forms and can have a fundamental impact of the acquirer’s operations, resources and strategies. These acquisitions are

IFRS 3 Identifying the acquirer 25 Mar 2021

Business combinations are infrequent transactions that are unique for each occurrence. IFRS 3 ‘Business Combinations’ contains the requirements and despite

IFRS Telling the COVID-19 story 23 Feb 2021

Annual financial statements will always be a critical communication to investors and other stakeholders (‘users’). But how effective will they be in explaining

IFRS Insights into IFRS 3 12 Feb 2021

Mergers and acquisitions (business combinations) can have a fundamental impact on the acquirer’s operations, resources and strategies. For most entities such

IFRS Brexit Accounting for the impact on current and deferred tax 12 Feb 2021

For entities with operations in the United Kingdom (UK) and the EU, the determination of the income tax impact on Brexit will require some significant

IFRS Exposure Draft Regulatory Assets and Regulatory Liabilities 12 Feb 2021

The International Accounting Standards Board (IASB) has now published an Exposure Draft ‘ Regulatory Assets and Regulatory Liabilities ’ (the ED). The ED

IFRS COVID-19: Hedge accounting insights 12 Feb 2021

There are several accounting considerations the COVID-19 pandemic has triggered in relation to IFRS 9. In our view one of the most significant is in relation

IFRS Navigating the changes to International Financial Reporting Standards 01 Feb 2021

This publication is designed to give preparers of IFRS financial statements a high-level awareness of recent changes to International Financial Reporting

IFRS COVID-19: Accounting implications for CFOs 16 Dec 2020

The COVID-19 global pandemic has resulted in economic consequences that many reporting entities may not have had to previously consider. One of those

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