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09 March 2015

Adjusted earnings - a useful measure of performance?

Guest blogger: Dave Walters, follow him on twitter The blogger’s views are his own; please share your thoughts, comments and reactions. Comments are moderated before being posted. It is human nature to want to present the best possible picture of yourself or those things that you are responsible for. A...

17 February 2015

The axe: a much neglected tool for standard setting

Follow Mary Dolson on twitter @MaMaDolson This blog was inspired by PJ O’Rourke who famously said when talking about farm subsidies ‘drag the thing out behind the barn and kill it with an axe.’ I don’t have a view on farm subsidies but some things should not be allowed to...

02 February 2015

Written put options on non-controlling interests – read this for the answer!

Guest blogger: Gary Berchowitz, follow him on LinkedIn The blogger’s views are his own; please share your thoughts, comments and reactions. Comments are moderated before being posted. OK, so if you are reading this, you are probably part of the elite 5% of the accounting world who actually (a) know...

20 January 2015

Convergence – is it worth it?

Guest blogger: Andrea Allocco, follow her on LinkedIn The blogger’s views are her own; please share your thoughts, comments and reactions. Comments are moderated before being posted. There has been plenty said about the IFRS and US GAAP convergence agenda over the past few years. Some might say that there...

19 December 2014

Santa’s other present – the new revenue standard

Dave Walters gives us the gift of laughter over the holiday season with his take on the accounting challenges faced by Father Christmas. On Christmas Eve, Santa’s Chief Financial Reporting Elf rushes into his office. “Santa, I need to talk to you about revenue.” “Really, is it important?” “According to...

18 December 2014

‘Big’ banks and impairment – how do you compare to your peers?

Guest blogger: Jessica Taurae, follow her on LinkedIn. Have the ‘big’ banks fully grasped the potential impact of IFRS 9? A recent benchmarking survey suggests that maybe not. Our view is that some of the Tier 1 banks may not fully understand what will be required to implement these new...

02 December 2014

IASB defines ‘profit or loss’ but what are the consequences for OCI?

Guest blogger: Richard Davis, follow him on LinkedIn The blogger’s views are his own; please share your thoughts, comments and reactions. Comments are moderated before being posted. The IASB has decided to define profit or loss as part of its Conceptual Framework project. Has the IASB finally bowed to stakeholders...

03 November 2014

The IFRS Interpretations Committee – Is it doing enough?

It’s named the ‘Interpretations’ Committee (IC) but the IFRS IC doesn’t seems to do much interpreting these days. The publication of IFRIC 21 ‘Levies’ comes a neat ten years after the publication of IFRIC 1 ‘Changes in existing decommissioning, restoration and similar liabilities’; that’s a rate of approximately two published...

21 October 2014

Rate regulation – solving problems you didn’t know you had?

Guest blogger: Andrea Allocco, follow her on LinkedIn The blogger’s views are his own; please share your thoughts, comments and reactions. Comments are moderated before being posted. When you hear ‘rate regulation’ your first thought is probably public utilities; water, gas, electric. This maybe because you are an avid follower...

10 October 2014

Deferred tax; where imaginary numbers meet accounting

Guest blogger: Dave Walters, follow him on Twitter @Dave Walters68 The blogger’s views are his own; please share your thoughts, comments and reactions. Comments are moderated before being posted. One of the more complicated areas of maths relates to imaginary numbers. Heron of Alexandria is credited with "inventing" imaginary numbers...