The fundamentals of IFRS 16

Future CFO

Financial reporting specialist and lecturer Adam Deller explains the basic principles of IFRS 16, Leases. The post The fundamentals of IFRS 16 appeared first on FutureCFO. Finance Accounting and Reporting Operations Resources Videos/Tutorials ACCA accounting standards IFRS 16

IFRS 82

The fundamentals of IFRS 5

Future CFO

Financial reporting specialist and lecturer Adam Deller explains the basic principles of IFRS 5, 'Non-Current Assets Held for Sale and Discontinued Operations'. The post The fundamentals of IFRS 5 appeared first on FutureCFO.

IFRS 83
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

The fundamentals of IFRS 8

Future CFO

Financial reporting specialist and lecturer Adam Deller explains the basic principles of IFRS 8, Operating Segments. The post The fundamentals of IFRS 8 appeared first on FutureCFO. Finance Accounting and Reporting Operations Resources Videos/Tutorials ACCA accounting standards IFRS 8

IFRS 52

EY Global IFRS 17 KPI survey

Future CFO

EY’s new survey explores changes to KPIs under IFRS 17 and recommends actions insurers should take now. The post EY Global IFRS 17 KPI survey appeared first on FutureCFO. Audit and Compliance Operations Resources Videos/Tutorials EY IFRS 17

IFRS 57

The fundamentals of IFRS 2

Future CFO

Financial reporting specialist and lecturer Adam Deller explains the basic principles of IFRS 2, “Share-based Payment”, in this short video. The post The fundamentals of IFRS 2 appeared first on FutureCFO. Finance Accounting and Reporting Operations Resources Videos/Tutorials ACCA IFRS 2

IFRS 40

IFRS 17: Huge work required before delivery success

Future CFO

Insurers have reported that there is still a huge amount of work to complete in order to successfully deliver IFRS 17 ahead of the 2023 deadline, said WTW recently. According to WTW’s latest survey, entitled ‘IFRS 17: Will we make it?’,

IFRS 52

IFRS Interpretations Committee agenda decisions on IFRS 16 (I)

Future CFO

In the third of EY's Global IFRS video series on the implementation of IFRS 16, Emily Moll and Victor Chan discuss agenda decisions reached by the IFRS Interpretations committee about the application of IFRS 16. The post IFRS Interpretations Committee agenda decisions on IFRS 16 (I) appeared first on FutureCFO. Finance Accounting and Reporting Operations Videos/Tutorials IFRS 16

IFRS 40

IFRS Video: IBOR reform, year-end considerations

Future CFO

The post IFRS Video: IBOR reform, year-end considerations appeared first on FutureCFO. Finance Accounting and Reporting Operations Resources Videos/Tutorials IBOR IFRSThis video considers the accounting for the latest IBOR reform developments, as entities transition their exposures to risk free rates.

IFRS 40

IFRS Foundation creates new sustainability standards board

CFO Talks

From IAS Plus : The IFRS Foundation has announced the creation of its new International Sustainability Standards Board (ISSB) that will develop a comprehensive global baseline of high-quality sustainability disclosure standards to meet investors’ information needs.

IFRS 59

IFRS 16 Leases: Key issues and challenges

Future CFO

In this episode, EY Global covers the key reminders and considerations about the implementation of IFRS 16 Leases by lessees as calendar year-end entities finalise their annual financial statements. The post IFRS 16 Leases: Key issues and challenges appeared first on FutureCFO. Finance Accounting and Reporting Operations Videos/Tutorials IFRS IFRS 16

IFRS 40

IFRS 9 models in financial instruments and impairment regulations: The new reality and lessons learned

McKinsey

Banks need to evolve International Financial Reporting Standard (IFRS) 9 models quickly—and those that get it right will have more than just a competitive advantage.

IFRS 78

Global IFRS: IBOR transition discussions

Future CFO

The post Global IFRS: IBOR transition discussions appeared first on FutureCFO. Finance Accounting and Reporting Operations Videos/Tutorials IBOR IFRSTony Clifford and David Bradbery from EY talk through the tentative decisions taken in January 2020 by the IASB for their IBOR reform project.

IFRS 40

IFRS 17: Final amendments are out now

Future CFO

After several months of re-deliberations, the International Accounting Standards Board (the Board) has published the final amendments to IFRS 17 Insurance Contracts. The post IFRS 17: Final amendments are out now appeared first on FutureCFO. Finance Accounting and Reporting Operations Resources Videos/Tutorials IFRS 17 KPMG

IFRS 40

IFRS 17 cost estimated at US$15B to US$20B for insurers

Future CFO

The total IFRS cost faced by the global insurance sector to implement the standard is estimated to hit the range of US$15 billion - US$20 billion, said Willis Towers Watson recently. More than 10,000 full-time equivalent employees will be required to deliver IFRS 17.

IFRS 52

Global IFRS video: Applying the IBOR reform amendments in practice

Future CFO

In this video Tony Clifford, Jane Hurworth and David Bradbery discuss some practical issues in applying the IFRS IBOR reform amendments, with some illustrative examples. The post Global IFRS video: Applying the IBOR reform amendments in practice appeared first on FutureCFO. Finance Accounting and Reporting Operations Resources Videos/Tutorials IBOR IFRS

IFRS 40

Overview of EY IFRS 15 presentation and disclosure survey

Future CFO

The survey was conducted to learn more about emerging presentation and disclosure practices, as well as the transition effect of IFRS 15 on entities in selected sectors. The post Overview of EY IFRS 15 presentation and disclosure survey appeared first on FutureCFO. Finance Accounting and Reporting Operations Videos/Tutorials IFRS IFRS 15This video provides an overview of key findings from a survey of revenue disclosures in 2018 financial statements.

IFRS 40

IFRS 16: How to enable a smooth transition

Future CFO

IFRS 16, published by the International Accounting Standards Board (IABS), came into effect on January 1, 2019. While implementation patterns vary widely across Asia-Pacific, IFRS 16 requires an early, considered response wherever you are.

IFRS 52

IFRS 16 Leases: Expected impact of adopting the standard

Future CFO

In the second of our Global IFRS video series on the implementation of IFRS 16, Emily Moll and Victor Chan discuss a recent survey on the disclosure of the expected impact of adopting IFRS 16 on the date of initial application by large entities. The post IFRS 16 Leases: Expected impact of adopting the standard appeared first on FutureCFO. Finance Accounting and Reporting Operations Resources Videos/Tutorials IFRS 16

IFRS 40

Global IFRS: Management performance measures in the financial statements

Future CFO

The post Global IFRS: Management performance measures in the financial statements appeared first on FutureCFO. Finance Accounting and Reporting Operations Resources Videos/Tutorials EY IFRS management performance measuresIn this episode, experts from EY discuss the changes being proposed by the IASB in relation to management performance measures (MPMs) in its recent ED, General Presentation and Disclosures.

What changes are being made to IFRS 16 because of COVID-19?

Future CFO

Brian O’Donovan from KPMG International Standards Group provides an update on plans to amend IFRS 16 Leases in response to the COVID-19 coronavirus pandemic. The post What changes are being made to IFRS 16 because of COVID-19? Finance Accounting and Reporting Operations Resources Videos/Tutorials IFRS 16appeared first on FutureCFO.

IFRS 40

Global IFRS: IBOR reform – phase 1 complete; phase 2 underway

Future CFO

The post Global IFRS: IBOR reform – phase 1 complete; phase 2 underway appeared first on FutureCFO. Finance Accounting and Reporting Operations Videos/Tutorials IBOR IFRS RFRIn this video on the IBOR reform project, Tony Clifford and David Bradbery provide an overview of the IASB’s work so far and the EY organization’s view of how we see it.

IFRS 40

Hedge Accounting: 3 Key Benefits of IFRS 9

Reval

IFRS 9 is changing hedge accounting forever. Companies in the European Union have only begun to kick off their IFRS 9 initiatives since the European Commission endorsed the standard in November 2016. IFRS 9 Advantages in a Nutshell.

IFRS 52

Global IFRS video: Regulatory assets and regulatory liabilities

Future CFO

The post Global IFRS video: Regulatory assets and regulatory liabilities appeared first on FutureCFO. This EY video addresses the IASB’s proposals for the recognition, measurement, presentation and disclosure of regulatory assets, regulatory liabilities, regulatory income and regulatory expense. Audit and Compliance Operations Resources Videos/Tutorials

IFRS 40

IFRS 17: South Korean insurer implements a computing platform for compliance

Future CFO

South Korea life insurance firm Kyobo Life has implemented a high-performance computing platform for IFRS 17 and K-ICS financial reporting compliance, said AON recently. In approximately five hours, PathWise is able to calculate Kyobo's IFRS 17 best estimated liability and risk adjustment for 40 million policies on a policy-by-policy basis using 60 GPUs, AON claimed. The post IFRS 17: South Korean insurer implements a computing platform for compliance appeared first on FutureCFO.

IFRS 40

Global IFRS IBOR reform: Phase 2 Classification and Measurement issues

Future CFO

At its October 2019 meeting, the IASB made progress in phase two of its project to amend IFRS in response to the financial reporting challenges posed by IBOR reform. The post Global IFRS IBOR reform: Phase 2 Classification and Measurement issues appeared first on FutureCFO. Finance Accounting and Reporting Operations Videos/Tutorials

IFRS 40

Insurers call for further delay of IFRS 17 deadline

Future CFO

The CFO Forum and Insurance Europe—representing 23 of the continent’s largest insurers and 95% of premium income—call for a delay of the IFRS 17 implementation deadline to Jan 1, 2023. According to the letter, the organizations also asked for additional changes to IFRS 17. The post Insurers call for further delay of IFRS 17 deadline appeared first on FutureCFO.

IFRS 40

IBOR reform: IASB published phase two exposure draft in April 2020

Future CFO

In this EY video, Tony Clifford and David Bradbery provide an overview of the IASB’s proposed further amendments to IFRS in response to IBOR reform. Finance Accounting and Reporting Operations Resources Videos/Tutorials EY IASB IBOR IFRSThe post IBOR reform: IASB published phase two exposure draft in April 2020 appeared first on FutureCFO.

CFO 40

ESG Reporting – What is coming for the UK and Europe, and what’s in it for me?

CFO News Room

The release of the proposed IFRS Sustainability Disclosure standards represents a significant transition to globally consistent standards, which aims to prevent greenwashing. . There is no doubt that ESG reporting has grown in popularity in the last few years.

IFRS 130

Parallel Accounting is a Key Tool for Global Companies with Multiple Reporting Requirements

Bramasol

For example, a company with branches doing business in the United States and the European Union will need to comply with both GAAP and IFRS accounting principles.

IFRS 68

Integrating DSE Order-to-Cash with Built-in RevRec Compliance

Bramasol

Compliance with ASC 606 / IFRS 15 requires separate cumbersome processes. One of the key advantages of using this SAP-enabled holistic approach is the ability to streamline integration of revenue recognition compliance with ASC 606 / IFRS 15.

Hedging or de-hedging, that is the question…

Simply Treasury

Many companies hedge on a budgetary basis and qualify hedges of future cash flows by applying the so-called "cash-flow hedge" method under IFRS 9 (ex-IAS 39). Any hiccup may require readjustment of the accounting of the transactions, as required by IFRS 9.

General requirements for disclosure of sustainability-related financial information prototype

CFO Talks

From IAS Plus : The IFRS Foundation has released a general requirements prototype that is the proposal of the Technical Readiness Working Group (TRWG) for a general presentation standard of the ISSB. The TRWG was created in March 2021 to facilitate a running start of the ISSB. It was designed to integrate and build on the work of relevant initiatives focused on meeting investors’ information needs, with the purpose of providing technical recommendations for consideration by the ISSB.

IFRS 63

Climate-related disclosures prototype

CFO Talks

From IAS Plus : The IFRS Foundation has released a climate-related disclosures prototype that is the proposal of the Technical Readiness Working Group (TRWG) for the first thematic standard of the ISSB. The TRWG was created in March 2021 to facilitate a running start of the ISSB. It was designed to integrate and build on the work of relevant initiatives focused on meeting investors’ information needs, with the purpose of providing technical recommendations for consideration by the ISSB.

IFRS 62

How the Digital Solutions Economy is Impacting the Transportation Sector

Bramasol

For example, SAP Revenue Accounting & Reporting (RAR) streamlines and simplifies accounting and reporting of complex revenue streams under ASC 606 / IFRS 15 and SAP Contract & Lease Management (CLM) provides asset management and accounting compliance for ASC 842 / IFRS 16.

Family Office Financial Management

https://trustedcfosolutions.com/feed/

Financial governance allows your organization to meet compliance requirements, such as IFRS and GAAP updates, by having the right financial controls in place. Family offices are growing in popularity. It used to be the domain of a relatively small number of wealthy families.

GAAP 82