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When does COVID-19 not become an adjusting event? In accordance with IAS 10 ‘Events after the Reporting Period’, businesses are required to distinguish between subsequent events that are adjusting and non-adjusting for their financial statements.

This article highlights key aspects of IFRS 15 ’Revenue from Contracts with Customers’, that are expected to be particularly relevant during the COVID-19 pandemic.

How do you account for government grants? While many forms of government assistance should be accounted for by applying IAS 20 ‘Accounting for Government Grants and Disclosure of Government Assistance’, others should be addressed by other standards such as IAS 12 ‘Income Taxes’.

This IFRS News summary draws attention to the IFRS Resources we have produced over recent weeks that are currently available to help you and your financial reporting requirements.

Issues for management to consider in assessing impairment together with some direction as to how best to respond to them.

IFRS requires that all the material effects of COVID-19 are appropriately recognised, measured and disclosed at the entity’s reporting date.

This article sets out four key areas of your tax provision that could be affected by the impacts of COVID-19.

IFRS requires that all the material effects of COVID-19 are appropriately recognised, measured and disclosed at the entity’s reporting date; be it interim or at year-end.

Key financial reporting areas that entities need to consider when accounting for the implications of the Coronavirus (COVID-19)

The spread of the Coronavirus is impacting businesses around the world. Entities need to carefully consider the accounting implications of this situation.

We are pleased to share ‘Implementation of IFRS 17 Insurance Contracts – Consideration for those charged with governance’ which has been issued by the Global Public Policy Committee (GPPC).

Navigating the Changes to IFRS provides a high-level summary of recent changes to IFRS that will affect companies' future financial reporting.

The publication illustrates condensed interim financial statements for a six month accounting period beginning on 1 January 2020. The Interim Financial Statements have been reviewed and updated to reflect changes in IAS 34 and in other IFRS that are effective for the year ending 31 December 2020.

How have the amendments to IFRS 3 changed the definition of a business?

Are you ready for the potential financial reporting implications of BREXIT, we focus in particular on the possibility of a no deal scenario.

Need help identifying the IFRS 16 presentation and disclosure requirements? We provide a series of examples illustrating one possible way they might be presented.