IFRS

Proposed amendments to sale-and-leaseback. How ready are you?

In mid-2020, the IFRS Interpretations Committee (IFRS IC) received a question on how to measure a lease liability and right-of-use (ROU) asset on a sale-and-leaseback transaction with fully variable payments. You might be wondering what sparked this question in the first place. Well, IFRS 16 prohibits the inclusion of variable lease payments (except for those […]
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Fair valuation of investment property in uncertain times

It’s no secret that measuring a fair value of investment property has always been a challenging task...and, needless to say, the current pandemic has not made it any easier. The valuation of investment property following the principles of IFRS 13 is usually dependent on several assumptions and unobservable inputs. The current market situation may very likel […]
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What to consider when granting payment holidays under IFRS 9 — impact on ECL

In my previous article, I discussed the accounting considerations when assessing whether or not a substantial modification exists regarding COVID-19 measures taken by lenders, such as payment holidays or moratoria. As promised, in this article I will explore the impact of these measures on the expected credit loss (ECL) model in more detail. As communicate […]
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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 […]
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How Covid-19 impacts interim financial statements?

Our Covid-19 financial reporting resource centre provides guidance on a broad range of financial reporting topics impacted by the Covid-19 outbreak. It covers both annual and interim financial statements. What’s the issue? For calendar year end companies, the 2020 interim reporting period will be the first reporting period when the impacts of the Covid-19 co […]