IFRS hot topics

Want to keep up-to-date on the key IFRS projects on the International Accounting Standards Board’s (IASB’s) agenda? Need to know how your business will be impacted by the proposals? Here we provide easy access to our insight and technical updates on the major IFRS projects.

Leases
A proposed new approach to lease accounting could significantly change the way both lessors and lessees account for leases. The IASB has decided to issue a second exposure draft in Q4 2011, with a target date of 2012 for the final standard..
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Insurance
The IASB is expected to release a re-exposure or review draft before the end of this year, with the final standard expected in the first half of 2012. This will apply to all insurers in jurisdictions reporting under IFRS and will introduce a single accounting standard that will apply to all insurance contracts on a consistent basis.
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Revenue recognition
The IASB and US Financial Accounting Standards Board (FASB) boards re-exposed the proposed revenue standard in November 2011, pushing the expected timeline for issuing a final standard into 2012. The proposals are open for comment until 13 March 2012. Find out more about the Boards' proposals:

IFRS news: Monthly newsletter
IFRS news highlights developments at the International Accounting Standards Board (IASB) and International Financial Reporting Interpretations Committee (IFRIC). We provide practical guidance on how new standards or changes to existing IFRS/IFRIC will affect your company. Typical content includes:

  • News: New standards, interpretations, amendments and exposure drafts
  • Features: Business implications of applying IFRS
  • Questions and answers: Putting the theory into practice
  • Industry-specific issues
  • Summary updates of IASB projects