IFRS News 2016


IFRS news


Published as soon as developments are announced, IFRS news is a brief newsletter outlining the amendments, additions and deletions to IFRS and tracking the work of the IASB. IFRS News provides an essential ‘heads-up’.

IFRS news is a weekly newsletter designed to highlight the most significant IFRS changes, proposals and events as reported in Deloitte IAS Plus publications. These newsletters are published at the time of release of new and revised Standards and Interpretations, Exposure Drafts and discussion documents, including summaries of the documents and considerations of the principal amendments/proposals.

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IASB issued an amendment to IFRS 4 Insurance Contracts to address concerns about the different effective dates of IFRS 9 and the new insurance contracts Standard that will replace IFRS 4

The amendment provides entities meeting a criterion for engaging in predominantly insurance activities with the option to continue current IFRS accounting and to defer the application of IFRS 9 until the earlier of the application of the new insurance Standard or periods beginning on or after 1 January 2021 (the “sunset clause”)...More

26 September 2016

IASB proposes amendments to clarify the Definition of a Business and the Accounting for Previously Held Interests

This edition outlines the proposed amendments to IFRS 3 Business Combinations and IFRS 11 Joint Arrangements set out in the recent Exposure Draft (ED) 2016/1 issued by the International Accounting Standards Board (IASB)...More

3 August 2016

Financial reporting implications of UK referendum on membership of European Union 

On 23 June 2016, a referendum in the United Kingdom returned a result in favour of leaving the European Union (commonly referred to as ‘Brexit’) by a margin of 52 percent to 48 percent...More

27 July 2016

Alternative performance measures | A practical guide 

In light of their prevalence and the potential for APMs to be misleading, their use is increasingly in the regulatory spotlight...More

27 July 2016

IASB introduces amendments to IFRS 2 related to the classification and measurement of share‑based payment transactions

This edition outlines the recent amendments to IFRS 2 Share‑based Payment...More

6 July 2016

IASB introduced clarifications to IFRS 15

This edition outlines the recent amendments to IFRS 15 Revenue from Contracts with Customers...More

26 April 2016

IASB issues amendments to IAS 12 to clarify the recognition of deferred tax assets for unrealised losses related to debt instruments measured at fair value

The amendments clarify that unrealised losses on debt instruments measured at fair value in the financial statements but at cost for tax purposes can give rise to deductible temporary differences...More

10 February 2016

IASB issues amendments to IAS 7 Statement of Cash Flows requiring disclosure of changes in liabilities arising from financing activities

The amendments are part of the IASB’s Disclosure Initiative project and introduce additional disclosure requirements intended to address investors’ concerns that financial statements do not currently enable them to understand the entity’s cash flows; particularly in respect of the management of financing activities...More

10 February 2016

IASB issues IFRS 16 – Leases

The new Standard provides a comprehensive model for the identification of lease arrangements and their treatment in the financial statements of both lessees and lessors. It supersedes IAS 17 Leases and its associated interpretative guidance...More

25 January 2016

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