Beyond the GAAP - March 2015 issue

As rumoured over the past few weeks, the FASB is to publish a draft amendment proposing to defer the mandatory effective date of Topic 606, the US equivalent of IFRS 15. This decision will put pressure on the IASB to decide whether it will also defer the effective date. Meanwhile, much discussion continues over potential amendments to the two standards.

As regards the Leases project, the IASB has asked its staff to devote themselves to drafting the final standard. The Board has now finished its redeliberations, and is still hoping to publish the standard by the end of 2015.   
At this key stage in the proceedings, Beyond the GAAP has decided to present a full overview of the decisions taken by the Board since the publication of the second exposure draft in 2013. We hope that this review will give readers a better understanding of the impact that the new standard on lease accounting will have on financial statements.

 

Highlights

 

  • IFRS
  • European highlights

 

A closer look

 

  • Leases: curtain falls on redeliberations
  • IFRS 15 and Topic 606: IASB and FASB continue to discuss practical implementation issues

文件

Beyond the GAAP, March 2015 issue

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华 英
华 英 合伙人,审计和鉴证服务 上海

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王 健民
王 健民 广州办公室执行合伙人 广州 天河南区

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