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IFRS 17 disclosures improvements needed: FRC

Future CFO

The Financial Reporting Council (FRC) calls for IFRS 17 disclosures improvements in its recently published IFRS 17 'Insurance Contracts' thematic review. The IFRS 17 disclosures improvements that FR C expects include the following. The post IFRS 17 disclosures improvements needed: FRC appeared first on FutureCFO.

IFRS 52
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IFRS 17 challenges: Disrupting business as usual

Future CFO

One of the major IFRS 17 challenges is that it’s disrupting business as usual for insurers. According to a WTW IRS 17 survey, there are major post-implementation challenges that insurers still need to overcome after reporting their half-year 2023 results under IFRS 17 for the first time.

IFRS 52
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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.

IFRS 98
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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 98
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Suresh Kana: What CFOs should know about the new IFRS sustainability standards

CFO Talks

The new IFRS sustainability standards will impact businesses large and small, says Suresh Kana, trustee and deputy chair of the IFRS Foundation. Kana also notes that IFRS will work on industry-specific standards. “If So you could use these standards in the US or you could use them in [IFRS jurisdictions].”

IFRS 98
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IFRS 17 won't directly affect insurers' creditworthiness

Future CFO

IFRS 17 will change insurers' reported earnings and equity as it alters their profit recognition patterns and measurement of liabilities, while not directly affecting insurers' creditworthiness, said Moody's recently. The post IFRS 17 won't directly affect insurers' creditworthiness appeared first on FutureCFO.

IFRS 52
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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.

IFRS 52