EFRAG’s Post

📢New update to the EFRAG Endorsement Status Report. The IASB has issued Amendments to the Classification and Measurement of Financial Instruments (Amendments to IFRS 9 and IFRS 7). 📄This is now reflected in the latest update of the EFRAG Endorsement Status Report. Read more: https://lnkd.in/eNgcHA2U #IASB #IFRS #IFRS7 #EFRAG #IFRS9 #EndorsementStatus

Provide your insights on IFRS 16.

❗The IASB issued IFRS 19 Subsidiaries without public accountability: Disclosures on 9 May 2024.   📄EFRAG has updated the Endorsement Status Report to reflect this change. 🔗Download the report here: https://lnkd.in/eZesWDE9 #IFRS19 #FinancialReporting #EFRAG #IASB

IAS 10 is not the most popular of standards. Check out the carousel below to gain quick insights into it. #acca #acccounting #accountants #accaglobal #accastudents #accaexams #accamembers #cima #ias #ifrs #AOB_FinAccFables

📢Update to the EFRAG Endorsement Status Report! 🗒The IASB's release of IFRS 18 on Presentation and Disclosure in Financial Statements is now reflected in the latest update of the EFRAG Endorsement Status Report. 👓Stay informed with the updated report available here: https://lnkd.in/eP5dMwVF #IFRS #FinancialReporting #EFRAG #IASB #IFRS18 #EndorsementStatus

IASB review finds that the revenue standard is working as intended The IASB has completed its Post-implementation Review of IFRS 15, concluding that the Standard is working well and providing useful information to investors. Issued in 2014, IFRS 15 improved revenue reporting and was developed with the US FASB. While the review is positive, the IASB plans to address some issues in its 2025 agenda, including how companies identify as main sellers or agents, reporting payments to customers, and how IFRS 15 interacts with other standards. #IASB #IFRS15 #RevenueRecognition #FinancialReporting #AccountingStandards #Investors #GlobalStandards #PostImplementationReview #FASB https://lnkd.in/g6iARET6

The IASB published IFRS 18 Presentation and Disclosure in Financial Statements with an effective date of annual reporting periods beginning on or after 1 January 2027, subject to adoption in the UK by the UKEB. The UKEB has organised jointly with the IASB a webinar to introduce the requirements of IFRS 18 and to understand its potential impact. Selected topics will be presented and discussed with a panel of preparers and a user. We invite stakeholders to attend our dedicated webinar to provide views and ask questions. Register (https://lnkd.in/g-3-N95z ) to attend the webinar. For further information: https://lnkd.in/ehn45aWR. #Webinar #UKEB #IFRS #IFRS18 #Presentation #IASB #Disclosure #FinancialStatements

Please join our webinar on IFRS 18 on 29 July!

The IASB published IFRS 18 Presentation and Disclosure in Financial Statements with an effective date of annual reporting periods beginning on or after 1 January 2027, subject to adoption in the UK by the UKEB. The UKEB has organised jointly with the IASB a webinar to introduce the requirements of IFRS 18 and to understand its potential impact. Selected topics will be presented and discussed with a panel of preparers and a user. We invite stakeholders to attend our dedicated webinar to provide views and ask questions. Register (https://lnkd.in/g-3-N95z) to attend the webinar. For further information: https://lnkd.in/ehn45aWR. #Webinar #UKEB #IFRS #IFRS18 #Presentation #IASB #Disclosure #FinancialStatements

There are changes afoot to how corporate information needs to be presented, it will have implications for how we prepare and use this information. Share your thoughts with the UKEB on what the key implications might be for you.