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  • Revenue recognition
    in advance i e prepayment As a result of this feedback the staffs recommended that the Boards affirm the proposal in the 2011 ED that an entity should adjust the amount of promised consideration to reflect the time value of money In addition the staff recommended the Boards clarify and refine the principles as follows narrow the application of the proposals to require an entity to adjust the promised amount of consideration to reflect the time value of money when the primary purpose of the payment terms is to provide financing to either the customer or the entity and that financing component is significant to the contract clarify in the revenue standard that an entity need not reflect the effects of time value of money for goods or services paid for in advance when the transfer of those goods or services to the customer is at the discretion of the customer paragraph BC144 of the 2011 ED retain the practical expedient to exempt entities from adjusting for financing when the timing between payment and performance will be one year or less and clarify its application to contracts with a term of greater than one year and clarify that the proposals do not preclude interest income from being presented as revenue While Board members generally agreed with the above recommendations specific concerns were expressed on a and b above Regarding a many Board members preferred retention of the wording in paragraphs 58 and 59 of the 2011 ED instead of introducing the concept of primary purpose In addition to a lack of clarity as to how primary purpose should be applied they expressed concern that it was a subjective concept and invited structuring The staffs noted that the purpose of the proposed amendment was to exclude from the time value of money requirements contracts that include goods or services that are paid for in advance where the purpose of the payment is not for financing e g security deposits retentions and payments from the customer for acquisition of resources However many Board members believed that guidance in paragraphs 58 and 59 of the 2011 ED as well as BC147 were sufficient for this purpose Regarding b several FASB members believed that the staffs recommendation did not sufficiently narrow the scope Instead of the staff recommendation they wished to completely scope out the effects of time value of money for goods or services paid for in advance based on the fact that the time value component in advance payment transactions would only be reflected on the revenue side and not the cost side introducing comparability concerns However IASB members were concerned with completely scoping out advance payments for the reasons expressed in paragraph BC144 of the 2011 ED After a lengthy debate the FASB tentatively agreed with the IASB s tentative view for the sake of convergence As a result of the above discussions the Boards tentatively agreed with the staffs recommendations except that the guidance in paragraphs 58 and 59 of

    Original URL path: http://www.iasplus.com/en/meeting-notes/iasb/2012/september/revenue-recognition-1 (2016-02-10)
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  • Publications
    The full functionality of our site is not supported on your browser version or you may have compatibility mode selected Please turn off compatibility mode upgrade your browser to at least Internet Explorer 9 or try using another browser such as Google Chrome or Mozilla Firefox IAS Plus IAS plus Canada English Global English Global Deutsch Canada English Canada Français United Kingdom English United States English Welcome My account Logout IAS Plus Canada English Global English Global Deutsch Canada English Canada Français United Kingdom English United States English Toggle navigation Search site Toggle navigation Home About CFR News Publications Standards Projects Resources Toggle navigation Search site Info Publications Contact us Acknowledgment About CFR Legal Privacy Material on this website is 2015 Deloitte Global Services Limited or a member firm of Deloitte Touche Tohmatsu Limited or one of their related entities See Legal for additional copyright and other legal information Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited a UK private company limited by guarantee DTTL its network of member firms and their related entities DTTL and each of its member firms are legally separate and independent entities DTTL also referred to as Deloitte Global does not provide

    Original URL path: http://www.iasplus.com/en-ca/publications?set_language=en-ca (2016-02-10)
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  • Publications
    charge par votre version de navigateur ou vous avez peut être sélectionné le mode de compatibilité Veuillez désactiver le mode de compatibilité télécharger Internet Explorer 9 ou une version plus récente ou essayer d utiliser un autre navigateur tel que Google Chrome ou Mozilla Firefox IAS Plus IAS plus Canada Français International English International Deutsch Canada English Canada Français États Unis English Royaume Uni English Bienvenue Mon compte Quitter IAS Plus Canada Français International English International Deutsch Canada English Canada Français États Unis English Royaume Uni English Toggle navigation Search site Toggle navigation Accueil À propos de CIF Nouvelles Publications Normes Projets Ressources Toggle navigation Search site Info Publications Communiquez avec nous Reconnaissance À propos de CIF Juridique Confidentialité Le contenu du présent site Web est la propriété exclusive de Deloitte Global Services Limited ou d un cabinet membre de Deloitte Touche Tohmatsu Limited ou de l une de leurs entités liées 2015 Pour toute information juridique y compris sur les droits d auteur reportez vous à l avis juridique Deloitte désigne une ou plusieurs entités parmi Deloitte Touche Tohmatsu Limited société fermée à responsabilité limitée par garanties du Royaume Uni DTTL ainsi que son réseau de cabinets membres et

    Original URL path: http://www.iasplus.com/fr-ca/publications?set_language=fr-ca (2016-02-10)
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  • publications
    you may have compatibility mode selected Please turn off compatibility mode upgrade your browser to at least Internet Explorer 9 or try using another browser such as Google Chrome or Mozilla Firefox IAS Plus IAS plus United States English Global English Global Deutsch Canada English Canada Français United Kingdom English United States English Login or Register Deloitte User Login Login Name Password Login Register Forgot password Welcome My account Logout IAS Plus United States English Global English Global Deutsch Canada English Canada Français United Kingdom English United States English Toggle navigation Search site Toggle navigation Home News Publications Standards Projects Resources My US GAAP Plus Topics Communications Toggle navigation Search site Info About Contact us Legal Privacy Material on this website is 2015 Deloitte Global Services Limited or a member firm of Deloitte Touche Tohmatsu Limited or one of their related entities See Legal for additional copyright and other legal information Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited a UK private company limited by guarantee DTTL its network of member firms and their related entities DTTL and each of its member firms are legally separate and independent entities DTTL also referred to as Deloitte Global does

    Original URL path: http://www.iasplus.com/en-us/publications?set_language=en-us (2016-02-10)
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  • Conceptual Framework bulletins
    Framework project EFRAG has published a bulletin to contribute to the discussion on what items should be reported in profit or loss and what items should be reported as items of other comprehensive income The bulletin specifically explores how to articulate the necessary guidance reflecting the role of the business model in the selection of measurement bases Conceptual framework bulletin on complexity 10 Feb 2014 In their publication series that discusses the issues that arise in the course of the IASB s Conceptual Framework project EFRAG and the National Standard Setters of France Germany Italy and the UK have published a bulletin considers issues of complexity in financial statements possible causes and provides suggestions to the conceptual framework that may reduce the complexity Conceptual Framework bulletin on accountability and the objective of financial reporting 12 Sep 2013 In their publication series that discusses the issues that arise in the course of the IASB s Conceptual Framework project EFRAG and the National Standard Setters of France Germany Italy and the UK have published a bulletin discussing whether financial statements should provide information that is useful for an assessment of management s accountability or stewardship and whether this objective is adequately reflected in the IASB s Conceptual Framework Conceptual Framework bulletin on the asset liability approach 12 Sep 2013 In their publication series that discusses the issues that arise in the course of the IASB s Conceptual Framework project EFRAG and the National Standard Setters of France Germany Italy and the UK have published a bulletin considering whether the approach adopted in the Conceptual Framework of defining equity income and expenses on the basis of the definitions of assets and liabilities is satisfactory Conceptual Framework bulletin on the role of a Conceptual Framework 08 Jul 2013 In their publication series that discusses the issues that arise in the course of the IASB s Conceptual Framework project EFRAG and the National Standard Setters of France Germany Italy and the UK have published a bulletin considering the purpose of the Framework for the IASB the completeness of the Framework for setting requirements the role of the Framework for preparers the decision making process derived from the Framework and the consequences of a revised Framework for existing IFRS Conceptual Framework bulletin on the role of the business model in financial reporting 08 Jul 2013 In their publication series that discusses the issues that arise in the course of the IASB s Conceptual Framework project EFRAG and the National Standard Setters of France Germany Italy and the UK have published a bulletin considering whether financial reporting based on the business model notion provides useful information Conceptual Framework bulletin on uncertainty 11 Apr 2013 In their publication series that discusses the issues that arise in the course of the IASB s Conceptual Framework project EFRAG and the National Standard Setters of France Germany Italy and the UK have published a bulletin considering whether uncertainty is best dealt with solely as a matter of measurement or should continue

    Original URL path: http://www.iasplus.com/en/tag-types/third-party/efrag-cf-bulletins (2016-02-10)
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  • EFRAG endorsement status reports
    the IASB on 29 January 2016 Endorsement is currently expected in the fourth quarter of 2016 EFRAG endorsement status report 19 January 2016 20 Jan 2016 This endorsement status report update reflects the issuance of amendments to IAS 12 Income Taxes by the IASB on 19 January 2016 Endorsement is currently expected in the fourth quarter of 2016 EFRAG endorsement status report 13 January 2016 13 Jan 2016 This endorsement status report update reflects the issuance of IFRS 16 Leases by the IASB on 13 January 2016 It is yet to be determined when endorsement might be expected EFRAG endorsement status report 29 December 2015 29 Dec 2015 This endorsement status report update reflects the European Commission s endorsement of Amendments to IAS 27 Equity Method in Separate Financial Statements EFRAG endorsement status report 21 December 2015 21 Dec 2015 This endorsement status report update reflects the European Commission s endorsement of Amendments to IAS 1 Disclosure Initiative EFRAG endorsement status report 17 December 2015 17 Dec 2015 This endorsement status report update reflects that the IASB has published Effective Date of Amendments to IFRS 10 and IAS 28 deferring the effective date of the September 2014 amendments to these standards indefinitely EFRAG endorsement status report 16 December 2015 16 Dec 2015 This endorsement status report update reflects that the European Union has published a Commission Regulation adopting Annual Improvements 2012 2014 Cycle for use in the European Union EFRAG endorsement status report 3 December 2015 03 Dec 2015 This endorsement status report update reflects that the European Union has published a Commission Regulation adopting Clarification of Acceptable Methods of Depreciation and Amortisation Amendments to IAS 16 and IAS 38 for use in the European Union It also reflects that the Accounting Regulatory Committee ARC meeting was cancelled due to

    Original URL path: http://www.iasplus.com/en/tag-types/third-party/efrag-endorsement-status-reports (2016-02-10)
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  • Accounting research papers
    Francesco Mazzi Paul André Dionysia Dionysiou and Ioannis Tsalavoutas Goodwill related mandatory disclosure and the cost of equity capital 02 Oct 2014 This paper was presented at the IASB Research Forum held on 2 October 2014 It examines whether goodwill related disclosure as mandated by IFRS 3 and IAS 36 reduces implied cost of equity capital for a sample of European firms for the period 2008 to 2011 Anne Bean and Helen Irvine Derivatives disclosure in corporate annual reports bank analysts perceptions of usefulness 02 Oct 2014 This paper was presented at the IASB Research Forum held on 2 October 2014 Responding to mixed evidence on the decision usefulness of the annual report disclosures for derivative financial instruments to capital market participants and concerns identified by practice it examines usefulness in a direct study of user perceptions Araceli Mora and Martin Walker The Implications of Research on Accounting Conservatism for Accounting Standard Setting 02 Oct 2014 This paper was presented at the IASB Research Forum held on 2 October 2014 It seeks to develop closer links between the academic thinking on conservatism and the concerns of standard setters Christopher W Nobes and Christian Stadler The qualitative characteristics of financial information and managers accounting decisions evidence from IFRS policy changes 02 Oct 2014 This paper was presented at the IASB Research Forum held on 2 October 2014 It offers the first empirical study that uses publicly available data to provide direct evidence about the role of the qualitative characteristics of financial information in managements accounting decisions Arjan Brouwer Martin Hoogendoorn and Ewout Naarding The Conceptual Framework as a guide for future standard setting or only a justification of current practice 02 Oct 2014 This paper was presented at the IASB Research Forum held on 2 October 2014 It evaluates whether the IASB s efforts to develop a new Conceptual Framework are aimed at developing a robust and consistent basis for future standard setting thereby guiding standard setting decisions in complex and controversial areas or whether the development of the new Conceptual Framework is only a political step aimed at legitimising existing standards Günther Gebhardt Araceli Mora and Alfred Wagenhofer Revisiting the Fundamental Concepts of IFRS 31 Mar 2014 This paper shows discussions and views on a number of important issues that are raised in the IASB Conceptual Framework project from an academic and research perspective Warren McGregor The conceptual framework cornerstone of high quality financial reporting 23 Nov 2013 A paper on the conceptual framework arguing that the conceptual framework is the cornerstone of high quality financial reporting and claiming that the new framework should be aspirational Christian Leuz Un nuevo enfoque para la convergencia global en la presentación de reportes El segmento del jugador global 24 Jul 2013 Spanish translation of Christian Leuz A New Approach to Global Reporting Convergence The Global Player Segment Christian Leuz A New Approach to Global Reporting Convergence The Global Player Segment 20 Jul 2013 Although International Financial Reporting Standards IFRSs are being adopted in

    Original URL path: http://www.iasplus.com/en/tag-types/third-party/research-papers (2016-02-10)
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  • Miscellaneous
    bulletins EFRAG endorsement status reports Accounting research papers Miscellaneous IFRS e learning Info Miscellaneous Related Publications Report on the H2 2015 IFASS meeting 25 Nov 2015 Report summarising the discussions at the meeting of the International Forum of Accounting Standard Setters IFASS held in London on 29 and 30 September 2015 Report on the H1 2015 IFASS meeting 26 Aug 2015 Report summarising the discussions at the meeting of the International Forum of Accounting Standard Setters IFASS held in Dubai on 23 and 24 March 2015 B20 Report Unlocking Investment in Infrastructure 24 Jun 2014 This report published by the B20 Panel of six international accounting networks formed to analyse existing accounting and corporate reporting practices and to suggest improvements that would help the corporate reporting model provide a broader perspective of business performance that is more conducive to long term investment concludes that for the most part changes to accounting principles would not increase the attractiveness of long term infrastructure investments but supports the IASB s ongoing work to improve financial reporting Implementation of IAS Regulation 1606 2002 in the European Union 31 Dec 2013 The European Commission periodically issues a document which summarises the use of options of the IAS Regulation by European Union Member States FEE ACCA notes from the joint conference on the Maystadt Review 16 Dec 2013 Notes from the joint FEE ACCA conference Maystadt Review ensuring EU influence over global financial reporting standards A comparison between Latvian GAAP and IFRS 05 Sep 2013 The attached document is a comparison between Latvian GAAP and IFRS originally published and reprinted with permission by Bilance Issue 01 09 2013 pages 34 35 Latvia is a member of the EU and follows IFRSs for consolidated statements of listed companies Laying one s cards on the table in Europe

    Original URL path: http://www.iasplus.com/en/tag-types/third-party/miscellaneous (2016-02-10)
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