Mazars Insights
You will find below the latest Mazars Insights.
This paper is published by our central team in Paris. It provides a deeper analysis, including examples, of newly published IFRS.
Enjoy your reading!
The areas of greatest subjectivity and interest within the IFRS financial statements of insurance groups as at 31 December 2011
For the fourth year in a row, Mazars has carried out a detailed analysis of the largest insurance groups’ financial information as at 31 December 2011.
Key points of IFRS 10 “Consolidated Financial Statements” in 40 questions and answers
IFRS 10, which was published in May 2011, introduces a single definition of control and replaces the portion of IAS 27 which related to consolidated financial statements, as well as the SIC 12 interpretation on special purpose entities.
According to the IASB’s schedule, the new standard is effective from 2013 for entities with a reporting date at the end of the calendar year.
According to the IASB’s schedule, the new standard is effective from 2013 for entities with a reporting date at the end of the calendar year.
IFRS 13 “Fair Value Measurement” Key points of the new standard in 40 Q&A
The accounting standard IFRS 13 “Fair value measurement” was published in May 2011. It represents the outcome of six years of IASB discussions, largely conducted jointly with the FASB.
IFRS 11, Joint Arrangements – Key points of the new standard in 30 Q&A
On 12 May 2011, the IASB published IFRS 11, Joint Arrangements, which cancels and replaces IAS 31, Interests in Joint Ventures. Nearly four years had therefore passed between the publication of the exposure draft ED 9 in September 2007 and the publication of the final standard. Four years during which the stakeholders tried and failed to have their voice heard by the IASB.
IFRS 15: Key points of the revenue recognition standard in 100 questions and answers
To better understand the major issues of this standard and find answers to your specific questions, we prepared a booklet presenting, in a simple, coherent and inclusive manner, the subtleties of a complex standard.
IFRS 3 et IAS 27: Key features of the new standards in 40 Q&A
Mazars Insight IFRS 3 & IAS 27 - 2008/2009
Mazars published a technical brochure addressing the changes to IFRS 3 and IAS 27.
Under investors’ pressure, the FASB (i.e. the American accounting standard setter) and IASB initiated a few years ago a roadmap to the convergence of US GAAP and IFRS.
Mazars published a technical brochure addressing the changes to IFRS 3 and IAS 27.
Under investors’ pressure, the FASB (i.e. the American accounting standard setter) and IASB initiated a few years ago a roadmap to the convergence of US GAAP and IFRS.
Impairment of long-term non-financial assets - Key points of IAS 36 in 40 questions and answers
Mazars Insight: IAS 36 - 2009
The financial crisis and the fall of stock market prices are indications of potential impairment of long-term non-financial assets (intangibles, goodwill, tangibles, etc.).
Against this background, many companies have experienced the difficulties of applying the impairment tests set out in IAS 36, Impairment of assets.
These difficulties are increased by the lack of visibility on business plans in a very uncertain economic and financial environment.
The financial crisis and the fall of stock market prices are indications of potential impairment of long-term non-financial assets (intangibles, goodwill, tangibles, etc.).
Against this background, many companies have experienced the difficulties of applying the impairment tests set out in IAS 36, Impairment of assets.
These difficulties are increased by the lack of visibility on business plans in a very uncertain economic and financial environment.
IFRS 5, Non-current Assets Held for Sale and Discontinued Operations
Mazars Insight IFRS 5 - 2009
Practical guide to application and expected changes
IFRS 5, Non-current Assets Held for Sale and Discontinued Operations, was published to achieve convergence with US GAAP and represented a significant change for many companies.
This recent standard - effective from 1 January 2005 - has raised a lot of practical questions as to its implementation, particularly given the non-recurrent nature of operations falling within its scope.
Practical guide to application and expected changes
IFRS 5, Non-current Assets Held for Sale and Discontinued Operations, was published to achieve convergence with US GAAP and represented a significant change for many companies.
This recent standard - effective from 1 January 2005 - has raised a lot of practical questions as to its implementation, particularly given the non-recurrent nature of operations falling within its scope.
Implementing IFRS 7 and Basel II - Pillar 3 in credit institutions
Mazars Insight IFRS 7 - 2008
Credit institutions faced significant changes both in their consolidated financial statements and in their regulatory reports.
Credit institutions faced significant changes both in their consolidated financial statements and in their regulatory reports.
IFRS 15: Overview of the new principles of revenue recognition
Given the volume of innovations and clarifications introduced by IFRS 15, it is important to identify its impact as early as possible, both to prepare for the transition and to anticipate the accounting consequences on future contracts or contracts currently under negotiation.
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