IFRS Topics

Last update 28/10/2019 Accounting for Customer Loyalty Programs in IFRS 15 is about customer options for additional goods or services and includes cases that should facilitate an easier understanding of this subject. Accounting for Customer Loyalty Programs Topics hide Customer options for additional goods or services Examples / Cases Case 1: an option for additional … Read more

Last update 27/10/2019 Accounting by investment entities is about the accounting requirements in IFRS 10 for investment entities that are limited to an exception from consolidation of investments in certain subsidiaries. The exception also impacts the separate financial statements of an investment entity (if these are prepared). The table summarises the key requirements: Accounting by … Read more

Last update 29/09/2019 There are a lot of websites and more traditional outlets providing information on International Financial Reporting Standards (IFRS). The actual standards issued by the International Accounting Standards Board (IASB), publications from audit firms, worldwide and country-by-country, providing implementation and change services, books from (educational) book publishers providing the theory and history of … Read more

Last update 15/12/2019 A court case – Example on recognising and measuring provisions Just to provide the right frame for the case here is a short introduction of the key features of IAS 37 needed to judge the court case. Topics hide Key definitions [IAS 37 10] Recognition of a provision The case A court … Read more