Beyond the GAAP - November 2015 issue

This means it is time for us to provide our yearly overview of the small number of standards and amendments that are mandatory for the 2015 financial period, as well as those for which early application is permitted.

The big changes in IFRS are not expected until 2018 or later (IFRS 9, IFRS 15 and IFRS 16). However, time is steadily ticking away, so we need to get ready now!

In this issue, we also discuss the proposed definition of a contract under the future IFRS 16, following the publication of an IASB staff document on the topic.

Wishing you all the best for the festive period!