Read our insights

The new leases standard, IFRS 16, brings with it both greater transparency and a number of challenges for businesses. Are you ready?

The global IFRS team at Grant Thornton International Ltd has published consolidated example financial statements for the year ending 31 December 2019.

The publication illustrates condensed interim financial statements for a six month accounting period beginning on 1 January 2019 in accordance with IAS 34 ‘Interim Financial Reporting’ (IAS 34) at 30 June 2019.

Deciding which payments need be recognised in the measurement of the liability and how changes in those payments are recognised often involves considerable judgement.

IFRS 16 makes significant changes to sale and leaseback accounting.

Taking a closer look at transition choices, we set out the choices that are available and discuss some of their practical implications. We have also included a flow chart summarising the decisions to be made.

In light of IFRS 15, what does it mean for an asset to have ‘no alternative use’ when dealing with a contract for the sale of a single apartment contained within a multi-unit residential complex currently under construction?

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

Under IFRS 16 Leases, determining the correct lease term is significant for a number of reasons, find out why in our latest IFRS 16 insight.

IFRS 16 changes the definition of a lease and provides guidance on how to apply this new definition, are you prepared for the first major overhaul of lease accounting in over 30 years?

How do you treat a variable lease payment in the financial statements of an interim period?

Are you prepared for IFRS 16? Do you understand the discount rate? Find out more

The global IFRS team at Grant Thornton International Ltd has published consolidated example financial statements for the year ending 31 December 2018.

Client money is used to describe a variety of arrangements in which the reporting entity holds funds on behalf of clients, but is client money recognised as an asset?

How do you account for crypto assets? IFRS Viewpoint exploring mining and validation issues.

Our IFRS Viewpoint series provides collective insights from global IFRS advisors and experts in Grant Thornton on applying IFRSs in challenging situations