Bobbi Jean Breboneria

Bobbi Jean Breboneria

Unprecedented uncertainties: what’s in store for real estate in 2023?

With relentless Covid-19, the illegal Russian invasion of Ukraine, skyrocketing inflation, supply chain issues and interest rate hikes, not to mention a looming recession, 2022 has seen waves of uncertainty rippling across the entire planet. As an antidote, we decided to adopt a forward-thinking approach by sharing our long and short-term predictions for the […]

IFRIC 23 to clarify grey areas in income tax

Unclear tax treatments are headaches for any executive, but for accountants they are especially annoying: this is because varying treatments mean varying accounting, and that leads to inconsistencies. (As accountants, we hate inconsistencies!) Consequentially, financial statements prepared under the International Financial Reporting Standards (IFRS) can lose muc […]

Attention, accountants: “change in use of tangible assets” clarified!

Tangible assets are typically a significant part of the balance sheet, so reclassifying them is often delicate work—made all the more so by the huge financial statement errors that doing it wrongly can cause. On 14 March 2018, the European Commission endorsed amendments, bundled in a document called the Transfers of Investment Property, to IAS 40 Investment […]

What IFRS 9, 15, and 16 mean for the real estate sector

In the accounting world, the hottest topics at the moment surround three major new International Financial Reporting Standards: IFRS 9 Financial Instruments, IFRS 15 Revenue from Contracts with Customers, and IFRS 16 Leases, all of which have particular relevance to the real estate sector. In this article we’ll look at the main changes these standards bring an […]