Read our insights

This article in our ‘Insights into IFRS 8’ series sets out further application issues and information regarding other standards involving operating segments.

This paper draws out key points made by the GPPC roundtable participants and highlights areas where there is both convergence and divergence of opinion.

IFRS Alerts covering the latest changes published by the International Accounting Standards Board (IASB).

Providing awareness of new Standards, Interpretations that have been issued and amendments made to existing ones.

The International Accounting Standards Board (IASB) has issued ‘ Deferred Tax related to Assets and Liabilities arising from a Single Transaction’ (Amendments to IAS 12). The amendments require an entity to recognise deferred tax on certain transactions ( eg leases and decommissioning liabilities) that give rise to equal amounts of taxable and deductible temporary differences on initial recognition.

Example Financial Statements 2020

We set out below various ways to enhance communication on how the pandemic has impacted the financial position and performance of any reporting entity.

Summary to IFRS 17 and IFRS 4 amendments

The International Accounting Standards Board (IASB) has issued a collection of narrow scope amendments to IFRS Standards.

IFRS news is your quarterly update on things relating to International Financial Reporting Standards (IFRS). We’ll bring you up to speed on topical issues and significant developments, provide comments and give our point of view.

The member firms within Grant Thornton International Ltd (GTIL) have extensive expertise in the application of IFRS. GTIL, through its IFRS team, develops guidance that supports its member firms’ commitment to high quality, consistent application of IFRS and is pleased to share these insights by publishing ‘Example Interim Consolidated Financial Statements 2020'.

This publication illustrates condensed interim financial statements for a six month accounting period beginning on 1 January 2020

In October 2018, the IASB issued ‘Definition of a Business’ making amendments to IFRS 3 ‘Business Combinations’.

IFRS Alerts covering the latest changes published by the International Accounting Standards Board (IASB)

IFRS news is your quarterly update on things relating to International Financial Reporting Standards (IFRS). We’ll bring you up to speed on topical issues and significant developments, provide comments and give our point of view.

IFRS 16 requires lessees and lessors to provide information about leasing activities within their financial statements. The Standard explains how this information should be presented on the face of the statements and what disclosures are required. In this article we identify the requirements and provide a series of examples illustrating one possible way the note disclosures might be presented.