Financial Statements

The necessity of having more meaningful IFRS disclosures

In my last article, I discussed how the International Accounting Standards Board (IASB) aims to significantly improve financial statement disclosures and to provide the preparers with clearer guidance on applying the requirements set out in accounting standards. This article will go into the concerns raised in reaction to the IASB’s March 2017 discussion paper […]
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IFRS disclosure problems and the IASB’s big plan

Tuning up the communication of financial reporting is the main project of the International Accounting Standards Board (IASB) at the moment. Though in fact the IASB started discussing this project back in 2013, when it identified the three concerns about information in the financial statements: There is not enough relevant information. There is too much […]
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Will IFRS 9 end up discouraging investors?

After IFRS 9 Financial Instruments amended the accounting treatment of equity investments, the International Accounting Standards Board (IASB) decided that such investments are, by default, to be measured at fair value with value changes recognised in the profit and loss (P&L) column. However, entities can, if they choose, recognise value changes as fair […]
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