The IASB extends by one year, the application period of the practical expedient in IFRS 16 Leases to help lessees accounting for covid-19-related rent concessions.…
The IASB has issued narrow-scope amendments to IFRS Standards that improves accounting policy disclosures and clarifies distinction between accounting policies and accounting estimates. The amendments…
The IFRS Foundation has issued educational material to support companies in consistent application of going concern requirements under International Financial Reporting Standards (IFRS). The educational…
The IASB proposes amendments to IFRS 16 Leases by specifying how a company measures the lease liability in a sale and leaseback transaction. Sale and leaseback transactions…
The IASB defers the effective date of Classification of Liabilities as Current or Non-current by one year, which amends IAS 1 Presentation of Financial Statements. Classification of…
IASB Proposes Deferring IAS 1 Amendments’ Effective Date due to COVID-19. The IASB is proposing to defer by one year the effective date of Classification of…
The International Accounting Standards Board (IASB) has issued the Exposure Draft, Covid-19-Related Rent Concessions. The comment deadline is May 8, 2020. The Exposure Draft proposes…
The International Accounting Standards Board (IASB) held a supplementary meeting on April 17, 2020, to discuss COVID-19 related matters. At that meeting, the IASB decided…
The IASB has proposed amendments to IFRS Standards to assist companies in providing useful information to investors about the effects of interest rate benchmark reform on financial…
The International Accounting Standards Board (IASB) has released the document, IFRS 9 and COVID-19—Accounting for Expected Credit Losses Applying IFRS 9 Financial Instruments in the…