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28 November 2016

Disclosing pension risk: Remain silent and be thought a fool or speak and remove all doubt?

This week’s guest bloggers are Brian Peters, Partner, and Paul Allen, Senior Manager, who lead PwC's pension accounting business in the UK. Connect with them on LinkedIn here: Brian Peters; Paul Allen It should come as no surprise that defined benefit pension risk affects the value that an external investor...

14 November 2016

What's next for the IASB?

This weeks guest blogger is Ian Mackintosh, the recently retired Vice Chairman of the IASB. In this blog he reflects on his time at the IASB and makes predictions for the next five years. I started at the IFRS Foundation in March 2011 and joined the board in June of...

19 October 2016

The Emperor Augustus – the Accountants Accountant

This week’s blogger is Dave Walters, Partner in UK Accounting Consulting Services. Contact him on LinkedIn here The photograph above was posted by a bored accounting student who was struggling to read the underlying academic paper. The title “The Role of Accounting in Public Expenditure and Monetary Policy in the...

26 September 2016

IFRS 9 myth busters

This week's blogger is Sandra Thompson, Global IFRS Leader for Financial instruments. Contact her on LinkedIn IFRS 9 the new financial instruments standard is well recognised as being a big change in accounting by banks, in some cases the biggest such change in living memory. It is also well recognised...

21 July 2016

Counterpoint: Should OCI be a recycle-bin or an elephant’s graveyard?

There are a few questions that substantially divide the accounting practice. Following our first three blogs of this series (see here for recognition and measurement of goodwill and here for balance sheet symmetry and here for tax accounting) we today try to tackle the question of OCI: Should it be...

04 July 2016

Impact of EU Referendum result on financial reports

This weeks blogger is Jessica Taurae, Partner in UK Accounting Consulting Services. Contact her on LinkedIn Now that the UK has voted to leave the EU, there will be a protracted period of negotiation, and many months of uncertainty as the detailed political and legal issues are worked out and...

18 May 2016

Counterpoint: How to account for tax

There are a few questions that substantially divide the accounting practice. Following our first two blogs of this series (see here for recognition and measurement of goodwill and here for balance sheet symmetry) we today try to tackle the question of tax: Whilst the IC is working on finalising its...

25 April 2016

Counterpoint: Symmetry of balance sheet recognition and measurement criteria

There are some questions that substantially divide the accounting practice. Following our first blog of this series (see link here) we try to tackle today the question of balance sheet symmetry: Should assets and liabilities follow the same recognition and measurement criteria? Isn’t being prudent (sharp tongues might say “permitted...

07 April 2016

Counterpoint: Recognition and subsequent measurement of goodwill

There are questions that divide any room full of accountants. Threshold questions like the meaning of prudence, balance of recognition criteria for assets and liabilities, recycling from OCI (is it a parking lot or an elephant’s graveyard?), debt versus equity, etc. The accountants in the room might not be able...

23 March 2016

What trends in pensions accounting have recently come to light?

This week’s guest blogger is Brian Peters, partner and lead of PwC's pension accounting business. Connect to him on LinkedIn Following the 31 December 2015 year-end financial reporting process, it is time to reflect on some of the interesting trends and issues in pensions accounting that came to light, and...