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IFRS10 Consolidated Financial Statements

This article will consider how the accounting standard IFRS10 Consolidated Financial Statements (IFRS10) addresses the definition of a subsidiary. Where an investment is identified...

IASB publishes proposals to clarify the way in which liabilities are...

IASB published for public comment the ED: Classification of Liabilities (Proposed amendments to IAS 1), which clarifies how entities classify debt, particularly when it is...

UK GAAP or IFRS: The £3.8 bn corporate tax losses research

Getting UK corporate tax more into line with an accrual-based accounting system - such as the IFRS - would lead to less volatility: an...

IASB publishes Exposure Draft Investment Entities–Applying the Consolidation Exception (Proposed amendments...

The International Accounting Standards Board (IASB) today published for public comment the Exposure Draft Investment Entities–Applying the Consolidation Exception (Proposed amendments to IFRS 10 and IAS...

GROUP STATEMENT OF CASH FLOWS

Students attempting financial reporting papers will need an awareness of the concept of the statement of cash flows. Under IFRS, IAS 7 Statement of...

IFRS 13 Fair Value Measurement

The IASB published IFRS 13: Fair Value Measurement, in May 2011 and it is effective from 1 January 2013. FV has been required or...

IAS 40 Investment Properties

There are many scenarios that students, and professional accountants, will come across that examine the concept of investment property and it is important that...

IAS 37 Provisions

Provisions, contingent liabilities and contingent assets can often cause confusion among accountants, particularly in de- ciphering when to recognise a provision or disclosing a...

IAS 11 Construction Contracts

Accounting for construction con- tracts is dealt with in IAS 11 Construction Contracts. This article will look at the core principles involved in IAS...

IAS 38 Intangible Assets

This article will look at the principles contained in IAS 38 ‘Intangible Assets’ and take a look at the different sorts of intangible assets...

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ICAEW has published a briefing on the new accounting standard, IFRS 9, which is to be implemented on 1 January 2018. The new rules...

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