Rhenie De Vries

Electronic reporting – why you should focus on the IFRS Taxonomy now

IFRS Taxonomy certainly isn’t new—it’s been around since 2016—but it’s made a comeback as the mandatory adoption date creeps closer. If you’re out of the loop, the date for public companies to prepare consolidated financial statements under IFRS is 1 January 2020. From this date on, all financial reports must comply with the European Single Electr […]

The company car accounting question: employee benefit or lease?

When the IASB published IFRS 16 Leases, I doubt they imagined the huge debate that would ensue over something as seemingly simple as a company car. It’s pretty easy to imagine writing pages about whether a contract meets the definition of a lease or whether a lease term should include the renewal or termination option, but the lease of a company car? It tur […]

The less obvious sides of ESMA’s enforcement priorities

Seeing as the dust hasn’t quite settled around IFRS 9, 15 and 16, it can be easy to focus all your attention on compliance with these standards and to sweep everything else under the rug for now. Good news: to a limited extent, you can! ESMA has indeed announced that their main enforcement priorities will involve the three standards mentioned above. However […]

Don’t neglect this one aspect of IFRS 16 (Leases)!

As I’m sure everyone is well aware, IFRS 16 is now effective for annual periods beginning on or after 1 January 2019. Although for most of you this means a very real impact only in your 2019 financial statements, there are the (un)lucky few that have to prepare half year reports. But even before we hit that mark, there is the future impact assessment—require […]

We wanted IFRS insights—so we went straight to the source

Reserved, technical, conservative... is generally what comes to mind when picturing the writer of an accounting standard. That was the image our IFRS team took to Frankfurt, to the annual IFRS conference hosted by the International Accounting Standards Board (IASB). Our plan was to corner one IASB board member in particular for insights—Mary Tokar, who literal […]

Before you set your alternative performance measures, read this

An alternative performance measure is a financial measure of historical or future financial performance, financial position, or cash flows, other than a financial measure defined or specified in the applicable financial reporting framework. They haven’t had much attention yet, but alternative performance measures (APMs) are slowly entering the limelight. Wh […]