International Financial Reporting Standards (IFRS) are detailed and technical. To the untrained eye, they can appear hard to navigate. At Grant Thornton we are well versed in their intricacies and can translate them into language that you can understand and apply to your financial statements.
Our IFRS Viewpoint series provides collective insights from global IFRS advisors and experts in Grant Thornton on applying IFRSs in challenging situations. Each edition will focus on an area where the Standards have proved difficult to apply or lack guidance.
Here are the latest in our series we have released:
Accounting for Cloud Computing or Software as a Service (SaaS) arrangements.
In this Viewpoint, we explore the acceptable methods of accounting for holdings in cryptocurrencies while touching upon other issues that may be encountered when accounting for cryptocurrencies.
This IFRS viewpoint addresses whether to treat the acquisition of an investment property as an asset purchase or a business combination. This is an important issue because the IFRS accounting requirements for a business combination are very different from asset purchases.