Impact of COVID-19 on real estate companies: accounting implications

The COVID-19 pandemic and subsequent lockdowns significantly impacted the global economy, with shockwaves still being felt around the world. Some of the most affected organizations are in real estate, with potentially long-term consequences due to their geographical region or asset class. This article will guide you through the main accounting implications fo […]

Financial reporting in the aftermath of Covid-19

Covid-19 continues to significantly impact the global economy. As local markets start back up and businesses resume their activities, the challenge emerges of assessing, quantifying and disclosing the pandemic’s actual impact on financial statements. In this blog article, we have gathered some relevant insight on how to prepare your financial statements in […]

Choosing the right accounting policy under the IFRS framework

Accounting policy refers to the specific rule or principle that an entity applies to a transaction, other event or condition when preparing and presenting its financial statements. It encompasses everything from recognition and measurement to presentations and disclosures. For most transactions, other events or conditions, specific IFRS Standards apply. But what […]

How private equity houses can approach RAIF annual reports

Anticipating the significant growth and ever-increasing importance of alternative investments as an asset class — the most recent data shows that Luxembourg saw a 17% increase in private equity fund assets under management and a 25% increase in loan funds between 2018 and 2019 — Luxembourg took the opportunity to add a number of supervised- only investment v […]

Covid-19’s impact on financial reporting

Covid-19 is extending its reach worldwide, and companies and governments alike are taking laudable measures to respond to the health, societal and economic threats posed by the virus. In this blog article, we would like to provide some guidance for businesses looking to assess the impact the virus will have on their operations, and the domino effect that this wi […]

Credit loss disclosures: challenges for banks

This summer I attended the IFRS Foundation Conference in London, looking forward particularly to a session on IFRS 9 Financial Instruments and IFRS 15 Revenue from Contracts with Customers. This panel was chaired by Mary Tokar (IASB Member and former global leader of the KPMG International Financial Reporting Group), who has not only excellent technical knowledg […]