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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...

26 September 2014

What is this blog for?

By Mary Dolson Follow @MaMaDolson This blog is about standard setting, implementation, regulation and enforcement of IFRS. It’s not about the ‘facts’, read IFRS News or sign up to the IFRS electronic alerts for just the news. This blog is about what’s going on the IASB and the IFRS IC,...

17 September 2014

IFRS 9 - not just for banks

This week's guest blogger is Jessica Taurae, Global Accounting Consulting Services partner, who specialises in financial instruments. IFRS 9 is finally here… and the two ‘camps’ are more clear than ever – those not in the financial services sector and those in the financial services industry. Can you guess which...

01 September 2014

What might Warren Buffet contribute to the IFRS 3R post-implementation review?

This week’s guest blogger is Dave Walters, a partner in PwC UK’s Accounting Consulting Services. I've never met Warren Buffett but I admire the man and our views on accounting seem to be aligned. He’s one of the world's richest men and a fabulous source of quotations. The Chairman's letter...

18 August 2014

Take a closer look at some recent draft NIFRICs; it might be time to comment

By Tony de Bell This week, my guest blogger is Mary Dolson, a Global Accounting Consulting Services partner. She takes a look at some of the IFRS Interpretations Committee's recent agenda rejections. As ever, do let me know your thoughts on the subject. The inaugural chairman of the IASB, now...

01 August 2014

IFRS 9 – too little too late?

By Tony de Bell My guest blogger Sandra Thompson, Global Accounting Consulting Services partner, takes a look at reactions to IFRS 9, the IASB’s new standard on financial instruments. I look forward to hearing your thoughts on the subject. The IASB issued its long-awaited new financial instruments standard last Thursday....

25 July 2014

Principal versus agent – the ‘dark horse’ in the race to the Revenue TRG

By Tony de Bell The IASB and FASB joint transition resource group met for the first time last week to look at potential implementation issues relating to the new revenue standard. My guest blogger Andrea Allocco, Global Accounting Consulting Services director, considers the group's first discussions. I look forward to...

30 June 2014

Is financial reporting a barrier to unlocking investment in infrastructure?

By John Hitchins Last week saw the publication of a B20 report titled “Unlocking Investment in Infrastructure – is current accounting and reporting a barrier?” The B20 is a group of business leaders who provide input to G20 meetings and the report was put together by a working group made...

16 June 2014

IFRS 11 - Joint arrangements

It seems there are lots of people talking about IFRS 11. Last month, the IFRS Interpretations Committee (IC) devoted a couple of hours of its May meeting to the subject. Indeed IFRS 11 has been a regular item on the IC’s agenda over the past year. The IC has issued...