عرض العناصر حسب علامة : IFRS
الثلاثاء, 02 مارس 2021 14:33
عضو جديد في المجلس الاستشاري للمعايير الدولية لإعداد التقارير المالية
عين أمناء مؤسسة المعايير الدولية لإعداد التقارير المالية جورج لانفيرمان في المجلس الاستشاري
معلومات إضافية
- المحتوى بالإنجليزية The #IFRS Foundation Trustees have appointed Georg Lanfermann to the IFRS Advisory Council. Georg will represent the Accounting Standards Committee of Germany, taking over from Andreas Barckow, who succeeds Hans Hoogervorst as #IASB Chair later this year.
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موضوعات متنوعة
موسومة تحت
الخميس, 25 فبراير 2021 16:03
ستتوفر معايير IFRS 2021 الصادرة ومعايير IFRS 2021 المشروحة للطلب قريبًا
ستتوفر معايير IFRS 2021 الصادرة ومعايير IFRS 2021 المشروحة للطلب قريبًا. سجل اهتمامك اليوم.
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معايير محاسبة
موسومة تحت
الأربعاء, 28 سبتمبر 2022 12:32
تحديث مجلس معايير المحاسبة الدولية في فبراير 2021 متاح الآن وتحديث خطة العمل
تم نشر تحديث مجلس معايير المحاسبة الدولية في فبراير 2021
معلومات إضافية
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المحتوى بالإنجليزية
IASB Update February 2021
This IASB Update highlights preliminary decisions of the International Accounting Standards Board (Board). The Board's final decisions on IFRS® Standards, Amendments and IFRIC® Interpretations are formally balloted as set out in the Due Process Handbook of the IFRS Foundation and the IFRS Interpretation Committee.
The Board met remotely on 16–17 February 2021.
The topics, in order of discussion, were:
Financial Instruments with Characteristics of Equity (Agenda Paper 5)
Management Commentary (Agenda Paper 15)
Third Agenda Consultation (Agenda Paper 24)
Disclosure Initiative—Subsidiaries that are SMEs (Agenda Paper 31)
Second Comprehensive Review of the IFRS for SMEs Standard (oral update)
Extractive Activities (Agenda Paper 19)
Related Information
Forthcoming Board meetings:
22–26 March 2021
26–30 April 2021
24–28 May 2021
IASB Update archive
Podcast summaries
Project work plan
To receive future IASB updates, please follow the International Accounting Standards Board group page.
Financial Instruments with Characteristics of Equity (Agenda Paper 5)
The Board met on 16 February 2021 to discuss:
potential refinements to the disclosures an entity would be required to make about the financial instruments it issues; and
the classification of financial instruments with obligations that arise only on liquidation.
Disclosures: potential refinements (Agenda Papers 5A–5D)
The Board discussed potential refinements to disclosure proposals explored in its 2018 Discussion Paper Financial Instruments with Characteristics of Equity—namely, proposals for information about priority on liquidation, potential dilution, and terms and conditions.
The Board was not asked to make any decisions but directed the staff to further consider the objectives of the proposed disclosures and their scope.
Obligations that only arise on liquidation of the entity (Agenda Papers 5E–5F)
The Board discussed challenges in accounting for financial instruments with obligations that arise only on liquidation of an entity. The Board also discussed potential classification, presentation and disclosure requirements to address those challenges.
The Board tentatively decided not to change how such instruments should be classified; but instead to develop presentation and disclosure requirements in relation to them.
Twelve of 13 Board members agreed with this decision.
Next step
The Board will continue to discuss these topics at a future meeting.
Management Commentary (Agenda Paper 15)
The Board met on 16 February 2021 to discuss sweep issues identified in preparing for balloting the Exposure Draft of a revised IFRS Practice Statement 1 Management Commentary (Practice Statement).
Definition of material information (Agenda Paper 15B)
The Board tentatively decided that the Practice Statement should state that information is material if omitting it from management commentary, or misstating or obscuring it within management commentary, could reasonably be expected to influence decisions that investors and creditors make on the basis of that management commentary and the related financial statements. Seven of 12 Board members present agreed with this decision. One member was absent.
The Board also discussed guidance clarifying the circumstances in which information provided in financial statements would also be provided in management commentary. The Board was not asked to make any decisions.
Clarifications and refinements (Agenda Papers 15A, 15C and 15D)
The Board discussed how to:
clarify the status of the Practice Statement;
clarify the proposed requirements and guidance related to key matters; and
improve the appendix in the Exposure Draft intended to help preparers report on matters that could affect the entity’s long-term prospects, on intangible resources and relationships, and on environmental and social matters.
The Board was not asked to make any decisions.
Next step
The Board aims to publish the Exposure Draft in April 2021.
Third Agenda Consultation (Agenda Paper 24)
The Board met on 17 February 2021 to review the due process steps taken in developing the draft request for information.
All 13 Board members confirmed they were satisfied the Board has complied with the applicable due process requirements and has undertaken sufficient consultation and analysis to publish the request for information.
The Board:
tentatively decided to allow 120 days for comment on the request for information. Twelve of 13 Board members agreed with this decision.
decided to publish the request for information for public comment. All 13 Board members agreed with this decision.
Next step
The Board expects to publish the request for information in March 2021.
Disclosure Initiative—Subsidiaries that are SMEs (Agenda Paper 31)
The Board met on 17 February 2021 to discuss due process steps—including permission to begin the balloting process—for the exposure draft being developed for the project.
All 13 Board members confirmed they were satisfied the Board has complied with the applicable due process requirements and has undertaken sufficient consultation and analysis to begin the process for balloting the exposure draft.
One Board member indicated an intention to dissent from the proposals in the exposure draft.
Given that the exposure draft proposes a reduction in the disclosures that entities within its scope would otherwise be required to make applying IFRS Standards, in setting the comment period the Board noted:
in addition to the time needed to analyse the suggested disclosure requirements, both preparers and users of financial statements will need sufficient time to understand what information an entity would not be required to disclose under the proposals; and
a longer comment period would allow respondents to assess more thoroughly the appropriateness of the suggested disclosure requirements when the recognition and measurement requirements differ between IFRS Standards and the IFRS for SMEs Standard.
In the light of these considerations, the Board decided to allow 180 days for comment on the exposure draft. Seven Board members agreed with this decision.
Next step
The staff will prepare the exposure draft for balloting.
Second Comprehensive Review of the IFRS for SMEs Standard (oral update)
The Board met on 17 February 2021 to receive an update on the SME Implementation Group’s meeting that took place on 4–5 February 2021. More information can be found on the SME Implementation Group’s meeting page.
The Board was not asked to make any decisions.
Next step
At a future meeting the Board will consider a project plan for the next stage of its second comprehensive review of the IFRS for SMEs Standard.
Extractive Activities (Agenda Paper 19)
The Board met on 17 February 2021 to discuss extractive activities in the minerals and oil and gas industries, the common accounting challenges relating to those extractive activities and the reasons for those challenges. This discussion will help the Board to decide, at a future meeting, whether to replace or amend IFRS 6 Exploration for and Evaluation of Mineral Resources.
Education session (Agenda Paper 19A)
The Board considered a summary of:
the life cycles of a minerals property and an oil and gas property;
the activities performed in each phase of those life cycles;
some of the financial reporting challenges associated with each phase; and
the reasons for those financial reporting challenges.
The Board was not asked to make any decisions.
Next step
The Board will begin its discussion on the scope of the project - البلد الأردن
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الخميس, 18 فبراير 2021 12:28
رئيس الاتحاد الدولي للمحاسبين، يشارك أفكاره حول التحديات والفرص التي تواجه المهنة
التركيز على المستقبل
معلومات إضافية
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المحتوى بالإنجليزية
Bringing the future into focus
Feb 08, 2021
Alan Johnson, President of the International Federation of Accountants, shares his thoughts on the challenges and opportunities facing the profession, and the priorities for his presidential term.
1. When you joined the IFAC Board in 2015, did you envisage at that time becoming President?
Absolutely not. In fact, I didn’t know much about IFAC until 2011 when I was approached to consider joining the Professional Accountants in Business Committee, which I served on for five years. In 2015, ACCA, my member body, asked me whether I would consider putting myself forward for the board and quite honestly, I had never thought about that – partly because I wasn’t sure I would know what to do given that I didn’t have much knowledge of IFAC beyond my Professional Accountants in Business work. But then, having thought about it, I realised that I probably knew enough. I also realised the value of being a volunteer and giving back to the profession, a profession that had given me a good life and a good career internationally, so I decided to go for it. I knew it would be competitive, and I didn’t honestly expect to get it, but I was selected to my pleasant surprise.
Then, when the call came out for board members to put their names forward in January 2018 for the Deputy President position, I didn’t put myself forward because I genuinely believed that other members of the board deserved to become President and would do a better job than me. But things developed by mid-2018 and I was again asked to consider putting myself forward. It was quite late in the process, but I put my hat in the ring. As they say, the rest is history. I was appointed Deputy President and the more I learnt about the role, the more I felt confident in the role so that, by the time the election for the presidency came around, I felt I was ready.
So, that’s what happened. It wasn’t planned or envisaged. I never expected to get on the board of IFAC, let alone become Deputy President or President, but sometimes things work out.
2. And how has the work of IFAC changed over the five years of your involvement?
The profession faces many challenges, as do all professions today. Number one, we have the scrutiny of the regulators concerning the quality of audit. Sadly, corporate failures will always bring the spotlight onto the audit profession, whether we like it or not. Failures – and I would not necessarily call them audit failures because it is not as if the audit itself failed – arise for various reason, including for example when management deliberately keeps information away from auditors. Now, that is not a good enough excuse to the public because every corporate failure leads to significant loss of jobs, loss of livelihoods, loss of value to investors, and damage to the society in which businesses operate. So, I don’t want to minimise corporate failure; it’s quite serious, and we have an important role in helping prevent it as part of a broader ecosystem.
We also have to demonstrate that we operate ethically, that we act independently, and we do our best to provide independent, high-quality assurance on financial statements. We, therefore, spend a lot of time reinforcing the importance of ethical behaviour, independence and judgement. There’s a firm commitment to operate with sound and robust independence in what we do.
The other thing I would say is that we talk about the auditors when it comes to corporate failure, but we should also think about the professional accountants in the business who are responsible for performance, oversight, risk and governance. We must look at ourselves from within the corporate entities and ask: where are we as professional accountants, and is this a situation where we should blow the whistle? That’s where the profession plays a vital role and that’s why the Code of Ethics for Professional Accountants, which covers not just accountants in practice but also accountants in business and the public sector, are essential as we support our professionals and encourage them to speak out when that is needed and necessary.
You know, we talk a lot about the public interest, but if you asked me 30 years ago, when I was CFO of one of Unilever’s subsidiaries, if my job was a public interest role, I probably would have said no. We have a big role to play in explaining what public interest really means. I think the auditors get it, but I’m not sure whether professional accountants in organisations understand that they have a critical role in protecting the public interest. Yes, they are employees of an organisation. Yes, they are paid by the organisation. And yes, their careers are often dependent on those organisations. But since I got involved with IFAC, I have become aware that I’ve always had a “public interest” role. I always acted in the public interest, but I would not have defined that part of my role as it needs to be clearly defined, especially today in a world of multi-stakeholder capitalism.
So, we have a significant role to play through our member bodies to ensure that our professional accountants understand their unique roles in protecting the public interest. And part of that is making sure that private enterprises operate correctly, ethically, within the law, and do everything that is right for society – not just what is right for shareholders.
3. For many professional accounting organisations, volunteers tend to come from public practice. Given your extensive background in industry, what does the perspective of an accountant in business bring to IFAC’s standard-setting and industry-convening roles?
It’s an interesting question because that was precisely what I had in mind when I had concerns about whether I would be of any use on the IFAC board. Having said that, in all the roles I have had in business, I have always interacted with the profession. I was on the other side of discussions with auditors for many years. I was on selection panels to select auditors. I was the Chief Audit Executive at Unilever for six years and in that time, I engaged regularly with our external auditors. Even though I don’t come from that part of the profession, I understand what they do, what they need, how they operate, their challenges, and their critical role in society. And that’s why I have been able to contribute to the discussions in the Monitoring Group – because I understand the role standard-setting boards play as part of building trust and confidence in financial markets.
When I joined the IFAC board, many colleagues came from the audit and assurance side of the profession. Today, we have a much better balance of people from business and the public sector while retaining expertise from the audit and assurance profession and improving the level of representation for small- and medium-sized practices (SMPs) on the standard-setting boards and IFAC’s advisory groups. If there is one thing we should feel proud of, it is how much more diverse the board is today. I thrive in working with diversity. As a person, you learn a lot more; you become a better leader; you become a better person. By the way, diversity of thought, views, expressions and debate around the table will, more often than not, improve outcomes.
4. A feature of Chartered Accountants Ireland’s membership is the relatively high proportion of our members working overseas. What supports should professional accounting organisations offer to their overseas members to encourage loyalty to their qualification while maintaining standards?
I worked extensively in Europe, Africa and Latin America during my career, but I always had a strong affinity with Ireland through my early career in Unilever when I visited Dublin and other cities frequently. It’s a unique country that has always been a top talent provider around the world and Chartered Accountants Ireland is no exception. The Chartered Accountants Ireland qualification is highly sought-after, so it’s no surprise that there are so many Irish Chartered Accountants working worldwide, either because their companies have moved them or they sought opportunities abroad.
When I look at where we are today, the three things that stand out for me are ethics, leadership and governance. Professional accountancy organisations need to equip their members with these skills wherever they are in the world because reputation takes years to build but can be lost in a flash. We need to protect the profession’s reputation, which boils down to ethics, leadership and governance. It’s also about courage and confidence. So, when I look at what our member bodies need to do, they not only need to support their existing members, they also need to attract the brightest, best and most committed people into the profession because we are a profession of people. Robots and machines might help us be more efficient in some areas, but most of what we do is people-centred and requires good judgement. It’s essential, therefore, that we remain an attractive profession for the next generation.
If I look back at my memories of the profession, I think of long hours, hard work, no work/life balance, travelling a lot if you’re in audit and assurance, terrible for families, terrible for working mothers. Your career might pause if you’re a working mother and you take maternity leave or time away to look after young kids – that role that is still more typically assumed by women, although that is changing. As a result, the accountancy profession is not a natural first port of call for the next generation who want better work/life balance. So we must find new ways of doing what we do – not only more efficiently, but doing different things and often in different ways to make our profession attractive. I think accountancy remains very attractive and when I look at the statistics, we are a growing profession. Many young people in many countries are coming through the professional qualification so we can attract them, and that’s great – but we also have to retain them.
Purpose is a critical element in achieving that. Young Chartered Accountants want to work for an ethical company, as we all do. It’s is not just about rapid career advancement; they want to see the purpose and the impact their organisation – and by extension, they themselves – can have on society. Young people are thinking about purpose much more than I did 40 years ago. It means much more to them, and they will form their views about whom they want to work with, where they want to work, and what work they want to do based on the ethos and the purpose of organisations. And to go back to the point about the public interest, if we can make it clear why our profession is truly a public interest profession, we will remain a very attractive profession in the future.
5. Your predecessor, Professor In-Ki Joo, described the Monitoring Group’s challenges as “among the most difficult circumstances” in his memory. What opportunities do you see for IFAC as the Monitoring Group’s work takes effect?
As you know, the Monitoring Group is a group of international institutions and regulatory bodies that are working to advance the public interest in areas related to international audit standard-setting, audit quality and ethics. The initial Monitoring Group discussions started in May 2015, before I joined the IFAC board, and it remains a feature today. Today we’re in a much better place, and I can see the light at the end of the tunnel.
There will be some changes to the structure of the standard-setting boards and the process to select standard-setting board members. But whatever the outcome is, I think there is a clear recognition that the profession has developed high-quality standards for auditors, professional accountants and the public sector. The question is how we move forward in a changing environment with more agility, more speed, and more diversity – that’s what we’re discussing now.
IFAC and its member bodies will continue to play an important role in the standard-setting process. Why do I say that? First of all, we have the knowledge and expertise. We are either the preparers, users or assurers, so we must have a role because we understand what good standards look like. That’s accepted by the Monitoring Group and the other players, including the PIOB (Public Interest Oversight Board) and the standard-setting board chairs.
We also have to play a critical role in adopting and implementing international standards. A standard-setting board can write excellent standards, go through the due process, get them developed and get them approved – but indeed international standard-setters have no force of law. Standards need to be adopted and implemented by national standard-setters. That is where our profession comes in and why the profession has to stay connected to the standard-setting process, provide good quality resources to the standard-setting board and the technical teams that do the work, and – an even bigger job – facilitate adoption and implementation in jurisdictions around the world.
IFAC will clearly have a very important role in standard-setting and an even more important role in making sure that the standards get used. A standard is worth very little if it’s never implemented; sometimes we forget that.
I am much more confident today that we have the right framework in place to have proper and fruitful discussions. There is also the right understanding of each player’s relevant and relative roles, and there is an acceptance that we all have important roles to play in delivering high-quality international standards that are adopted across the world. That’s the objective of all of us, and there is no argument or disagreement about that.
6. IFAC is actively promoting the development of coherent standards for ESG. Are there pitfalls as well as opportunities for accountants as these standards are developed?
First of all, we need a truly international approach to ESG standards. At the moment, we have fragmentation with five or six bodies working on different elements of ESG standards. It isn’t joined up, and there’s no mandate to deliver. Like audit and assurance standards or accounting standards, we need a framework and structure to develop international ESG standards.
Some time ago, we concluded that the IFRS Foundation had a role to play because it has credibility, capacity, resources, and a proven track record in delivering internationally accepted standards. IFAC put out a call to action in September, which outlined the importance of one body taking responsibility for setting standards. It cannot continue to remain in the hands of five or six independent bodies without the capacity, resources, funding, and authority to deliver. The paper called for a new sustainable standards-setting board under the umbrella of the IFRS to take responsibility for developing credible, international sustainability standards that can be adopted widely across the world. Why? Because there’s an increasing demand for all organisations to report against a consistent set of high-quality standards. The demand from society, investors, stakeholders, suppliers, customers and employees is that companies deliver against a set of high, internationally comparable standards.
It goes back to the point of purpose. Whether in our profession or other professions, the next generation will want to work for companies that take this seriously. It’s one thing to say that we will deliver against the UN Sustainable Development Goals (SDGs), but the hard truth is: how do we know we’re getting there? Where’s the measurement, and against what measures? Are they consistent measures? How do we know that what a company is reporting is authentic, is accurate? That’s where our profession has an important role to play on both sides, both as preparers who help organisations implement the necessary processes and as accountants in practice who provide independent assurance over, and audit, what is reported to give credibility.
As a profession, the pitfall will be if we aren’t up to the mark in helping organisations implement the reporting regimes to meet the new standards. If we don’t do that, somebody else will. That might be a pitfall, but I see it more as an opportunity – not necessarily a commercial opportunity, more an opportunity for our profession to play our rightful role in ensuring that organisations become more sustainable and helping society, in general, become more sustainable.
This all links back very strongly to the concept of the public interest, which I have mentioned several times. Wherever you go, you will find a link to our role in the public interest – and this is a critical public interest role we must fulfil. That’s why I see it as an opportunity, but a pitfall if we fail. And if we fail, we have not fulfilled our public interest mandate and therefore don’t have a right to speak out on issues.
7. What other areas of focus would you like to bring to bear during your tenure as IFAC president?
Beyond the important points I’ve already discussed, I have canvassed intensely for increased professionalism in the public sector. I was on the board of the UK Department for International Development for just over two years and during that time, I chaired the Audit and Risk Assurance Committee. That period really shaped my awareness of how higher levels of professionalism, particularly in terms of the accountancy profession, could make a massive difference to the public sector. It was an ‘aha’ moment for me, and I want to drive that agenda much harder during my presidency. And we are starting from a position of strength, as we now have great public sector representation on the IFAC board. When I joined I think there was one public sector member; we now have four out of 22 and many more on our advisory groups.
Another area of focus is what I call ‘Save the SMEs’. Small- and medium-sized enterprises (SMEs) are critical to every economy, large or small. Big corporates get lots of attention, but we often forget that big corporates not only rely on SMEs, but a significant part of their supply chain is also made up of SMEs. The largest employer worldwide is the SME sector, so we need to save the SMEs by ensuring that they have access to high-quality professional accountants. We can do that by advocating to ensure that they employ professional accountants, and ensuring that the SMPs that support them have a high profile on our agenda.
Who is Alan Johnson?
Alan Johnson became IFAC President in November 2020, having previously served as Deputy President from 2018-2020 and as a board member since November 2015. He was nominated to the IFAC board by the Association of Chartered Certified Accountants (ACCA).
Alan is a former non-executive director of Jerónimo Martins SGPS, SA, a food retailer with operations in Portugal, Poland, and Colombia, having completed his board mandate in 2016. He is currently the independent chair of the company’s Internal Control Committee. Previously, Alan was Chief Financial Officer of Jerónimo Martins from 2012 to 2014. Between 2005 and 2011 he served as Chief Audit Executive for the Unilever Group. Alan also served as Chief Financial Officer of Unilever’s Global Foods businesses and worked for Unilever for 35 years in various finance positions in Africa, Europe and Latin America.
Alan was a member of the IFAC Professional Accountants in Business Committee between 2011 and 2015, a member of the ACCA’s Market Oversight Committee between 2006 and 2012 and chair of the Accountants for Business Global Forum until 2018. He was a member of the board of Gildat Strauss Israel between 2003 and 2004. Alan is the chair of the board of governors of St. Julian’s School in Portugal and chairs its Finance and Bursaries Committees. In October 2016, he was appointed to the Board of Trustees of the International Valuation Standards Council and chairs its audit committee. Between July 2018 and September 2020, he was a non-executive director of the UK Department for International Development (DFID) and chaired its Audit and Risk Assurance Committee. In January 2021, he joined the board of Imperial Brands plc as a non-executive director.
Source: The International Federation of Accountants.
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موضوعات متنوعة
الثلاثاء, 23 نوفمبر 2021 12:02
ملخص اجتماع المجموعة الاستشارية لتصنيف المعايير الدولية لإعداد التقارير المالية في فبراير 2021
اجتمعت المجموعة الاستشارية لتصنيف المعايير الدولية لإعداد التقارير المالية (ITCG) في 1 فبراير 2021
معلومات إضافية
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المحتوى بالإنجليزية
Meeting note—IFRS® Taxonomy Consultative Group
The IFRS Taxonomy Consultative Group (ITCG) met remotely on 1 February 2021. This note,
prepared by the staff of the IFRS Foundation, summarises the discussion. Related papers and a
recording of the meeting are available on the meeting page.
The ITCG discussed the feedback analysis on IFRS Taxonomy 2020—Proposed Update 4 General
Improvements and Common Practice—Presentation of information in primary financial statements.1
Feedback analysis on the Proposed IFRS Taxonomy Update 2020/4
1 The aim of the session was to provide the ITCG with a summary of feedback from the public on
the Proposed Update, and the planned response to that feedback.
2 Many ITCG members agreed with the planned response. No ITCG member said he or she
disagreed.
3 Some ITCG members explicitly agreed with the plan to:
a. research double tagging further and discuss this topic again at the June 2021 ITCG
meeting; and
b. go ahead with the proposal for double tagging for earnings per share because it is an
unusual case that merits its own approach.
4 One ITCG member does not consider the cases described in the paper to be instances of
double tagging. In this member’s view, the cases described simply reflect tagging of all
disclosed facts, and such tagging would apply regardless of how these facts are presented in a
printed report.
5 The staff plans to finalise the IFRS Taxonomy Update, to be issued by the Foundation at the
end of March together with the IFRS Taxonomy 2021.
Other announcements
6 The staff announced that the planned technical updates to the IFRS Taxonomy would be
delayed to the IFRS Taxonomy 2022.2 ITCG members expressed no concerns about this delay - البلد الأردن
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الإثنين, 15 فبراير 2021 15:57
مجلس معايير المحاسبة الدولية IASB يعدل معيار المحاسبة الدولي 8 لتوضيح تعريف التقديرات المحاسبية
IASB يعدل معايير IFRS لتحسين إفصاحات السياسة المحاسبية وتوضيح التمييز بين السياسات المحاسبية والتقديرات المحاسبية
معلومات إضافية
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المحتوى بالإنجليزية
IASB amends IFRS Standards to improve accounting policy disclosures and clarify distinction between accounting policies and accounting estimates
The International Accounting Standards Board (Board) has today issued narrow-scope amendments to IFRS Standards.
The amendments will help companies:
improve accounting policy disclosures so that they provide more useful information to investors and other primary users of the financial statements; and
distinguish changes in accounting estimates from changes in accounting policies.
Following feedback that more guidance was needed to help companies decide what accounting policy information should be disclosed, the Board has today issued amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 Making Materiality Judgements. The amendments to IAS 1 require companies to disclose their material accounting policy information rather than their significant accounting policies. The amendments to IFRS Practice Statement 2 provide guidance on how to apply the concept of materiality to accounting policy disclosures.
Separately, the Board has also issued amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors. The amendments clarify how companies should distinguish changes in accounting policies from changes in accounting estimates. That distinction is important because changes in accounting estimates are applied prospectively only to future transactions and other future events, but changes in accounting policies are generally also applied retrospectively to past transactions and other past events.
The amendments to IAS 1 and IAS 8 will be effective for annual reporting periods beginning on or after 1 January 2023, with early application permitted.
Access the Disclosure of Accounting Policies—Amendments to IAS 1 and IFRS Practice Statement 2 (paid eIFRS subscription required).
Access Definition of Accounting Estimates—Amendments to IAS 8 (paid eIFRS subscription required).
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الأربعاء, 28 سبتمبر 2022 12:25
دعوة لتقديم أوراق بحثية حول مراجعات مجلس معايير المحاسبة الدولية IASB
قم بالدعوة لإجراء بحث أكاديمي للإبلاغ عن مراجعات IASB لما بعد التنفيذ لمعايير IFRS
معلومات إضافية
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المحتوى بالإنجليزية
Call for academic research to inform the IASB’s post-implementation reviews of IFRS Standards
The IFRS Foundation is calling for research proposals to help inform the International Accounting Standards Board’s planned post-implementation reviews of three Standards, focusing specifically on the quality of disclosures provided by companies applying IFRS 9 Financial Instruments, together with the disclosure requirements in IFRS 7 Financial Instruments: Disclosures, and on the disclosures required by IFRS 15 Revenue from Contracts with Customers.
The deadline for submitting research proposals is 31 March 2021.
Access more details about the call for research.
Additionally, the Australian Accounting Review is calling for papers for a special issue of the journal that will focus on academic research related to the application and impact of IFRS 9. Expressions of interest to contribute to the special issue must be given by 15 April 2021.
Access more details about the call for research.
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موسومة تحت
الأربعاء, 28 سبتمبر 2022 12:21
مجلس معايير المحاسبة الدولية (IASB) يقترح تقديم الدعم للمستأجرين للمحاسبة عن امتيازات الإيجار المتعلقة بـ covid-19
نشر مجلس معايير المحاسبة الدولية للتشاور اقتراحًا لتمديد فترة تطبيق التعديل على المعيار الدولي لإعداد التقارير المالية رقم 16
معلومات إضافية
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المحتوى بالإنجليزية
IASB proposes to extend support for lessees accounting for covid-19-related rent concessions
The International Accounting Standards Board (Board) has today published for consultation a proposal to extend by one year the application period of the amendment to IFRS 16 Leases issued in 2020 to help lessees accounting for covid-19-related rent concessions.
The original amendment was issued in May 2020 to make it easier for lessees to account for covid-19-related rent concessions, such as rent holidays and temporary rent reductions, while continuing to provide useful information about their leases to investors. The practical relief currently applies to rent concessions that reduce only lease payments due on or before 30 June 2021.
In response to calls from stakeholders and because the covid-19 pandemic is still at its height, the Board proposes to extend the relief to cover rent concessions that reduce only lease payments due on or before 30 June 2022.
The Trustees of the IFRS Foundation have approved a shorter-than-normal comment period of 14 days for this consultation due to the urgent nature of the proposal.
The deadline for submitting comments on the Exposure Draft Covid-19-Related Rent Concessions beyond 30 June 2021 (Proposed amendment to IFRS 16) is 25 February 2021.
نشر في
محاسبة و مراجعة
الثلاثاء, 23 نوفمبر 2021 12:03
التحديث التكميلي لمجلس معايير المحاسبة الدولية (IASB) فبراير 2021 -امتيازات الإيجار ذات الصلة بفيروس كورونا
ناقش مجلس معايير المحاسبة الدولية IASB امتيازات الإيجار المتعلقة بـ covid-19 في اجتماع مجلس الإدارة التكميلي في فبراير 2021
معلومات إضافية
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المحتوى بالإنجليزية
IASB discusses covid-19-related rent concessions at supplementary February 2021 Board meeting
The Board decided at a supplementary meeting on 4 February 2021 to propose an extension to the time period over which the practical expedient in paragraph 46A of IFRS 16 Leases is available for use.
A project has been added to the Board’s work plan on the proposed amendment. Those with an interest can follow developments in the project by registering for alerts. The Board expects to publish the proposed amendment in an exposure draft on 11 February 2021 with a 14-day comment period.
The IFRS Foundation Trustees, responsible for governance and oversight of the Board, have approved the 14-day comment period. The Due Process Handbook sets out that 75% of the Trustees must approve comment periods shorter than 30 days.
A full summary of the Board’s supplementary meeting is available in the Supplementary IASB Update February 2021—covid-19-related rent concessions. - البلد الأردن
نشر في
محاسبة و مراجعة
موسومة تحت
الأربعاء, 28 سبتمبر 2022 12:17
دعم الاتحاد الدولي للمحاسبين لإجراءات أمناء IFRS تجاه مجلس معايير الاستدامة الدولية
قد تقدم مؤسسة المعايير الدولية لإعداد التقارير المالية اقتراحًا إلى الأمم المتحدة في نوفمبر لإنشاء مجلس معايير الاستدامة العالمية
معلومات إضافية
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المحتوى بالإنجليزية
IFAC Supports IFRS Trustees’ Action Toward an International Sustainability Standards Board
Feb 02, 2021 | New York, New York | English
IFAC welcomes today’s announcement from the IFRS Foundation Trustees to take further, timely steps to assess the possibility of establishing a new Sustainability Standards Board (SSB). We concur that there is “broad demand for the IFRS Foundation to play a role.” A Sustainability Standards Board is best positioned to lead the ongoing rationalization of a coherent global system for reporting requirements addressing enterprise value creation, sustainable development, and evolving stakeholder expectations. We agree with the Trustees’ conclusion that moving with urgency is a key factor for success. This can be accomplished by leveraging the expertise and standards that already exist as a result of the work by CDP, CDSB, GRI, IIRC, SASB, as well as the TCFD. For example, the recently released report on climate-related disclosure demonstrates the value of their continued collaboration to this global system.
IFAC CEO Kevin Dancey, said “IFAC encourages our members and stakeholders to remain focused on this important initiative, to continue to engage in discussions and consultations that foster greater alignment and harmonization, and to offer their expertise to the establishment of this new Sustainability Standards Board and a global solution to the current fragmented reporting ecosystem.”
IFAC reiterates its support for this initiative, and stands ready to assist the Trustees as they move forward on this important work. - البلد الأردن
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محاسبة و مراجعة