Recent accounting developments in the October issue of the “Beyond the GAAP” Newsletter No. 82
“Beyond the GAAP” Newsletter No.82 (October 2014)
In parallel, and as happens every year around this time, ESMA has published its priorities for 2014 financial statements. The regulator focuses on the impact of the first application of the new consolidation standards in Europe, and on the importance of providing disclosures that are material, specific and relevant to understanding the performance and financial situation of the issuer. In this edition, Beyond the GAAP will guide you through these recommendations.
Contents:
IFRS Highlights
- Leases: further redeliberations
- The IASB updated its work plan
EUROPEAN highlights
- EFRAG feedback on the additional public consultation and outreach event on the Leases project
IFRS 15 Transition Resource Group: what were the first topics discussed?
- What is the TRG?
- Topics discussed at the July meeting and the next steps planned
- What topics were discussed at the second TRG meeting?
What are the ESMA priorities for 2014 financial statements?
- Presentation and preparation of consolidated financial statements (IFRS 10, IFRS 12)
- Financial reporting by parties to a joint arrangement (IFRS 11, IFRS 12)Recognition and measurement of deferred tax assets
Events & FAQ