IFRS: Insights into IFRIC 23
INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS)The global IFRS team at Grant Thornton International Ltd share their insights on topical areas of IFRIC 23.
IFRS 16 ‘Leases’ applies to most entities reporting under IFRS Accounting Standards that engage in leasing transactions and often has a significant impact on lessees’ financial statements, particularly in relation to property and high‑value equipment.
Our Insights into IFRS 16 series summaries key areas of the standard and aims to demystify those key requirements that are challenging to apply in practice.
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IFRS 3 - Definition of a Business
IFRSHow have the amendments to IFRS 3 changed the definition of a business?
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28 Oct 2019
Applying IFRS 15’s ‘no alternative use’ to real estate sales
IFRSIn 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?
Conceptual Framework for Financial Reporting
IFRS news special editionThe IASB has published a revised Conceptual Framework that clarifies and updates its existing guidance that was published in 1989 and updated in 2010. It also fills gaps in areas where there was no or only little guidance.
Accounting for cryptocurrencies
IFRSIn 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.
Acquisition of investment properties
IFRSThis 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.
Acquisition of investment properties
IFRSThis 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.
A new global standard on revenue – retail industry
IFRS 15Grant Thornton looks at the potential impact of IFRS 15 'Revenue from Contracts with Customers' for revenue recognition in the retail industry.