Beyond the GAAP - October 2013 issue
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Beyond the GAAP - October 2013 issue
After 8 years of good and loyal service, Beyond the GAAP adopts the colours of the new Mazars visual identity. Although this new presentation has changed, you will find all the usual features in this edition. We will continue to provide a monthly summary of news about European and international accounting standards in a simple accessible manner and without bias.
This month, we have decided to provide an update on the future standard on insurance contracts, IFRS 4 phase II. We have done our best to make it accessible; it is up to you to tell us if we have succeeded!
Highlights
IFRS Standards
- IFRS 7 - Transfers of financial assets: an amendment on servicing arrangements
- Macro-hedging: publication of the Discussion Paper due soon
- IAS 19 - Discount rates on post-employment benefits
A closer look
- Impairment of financial assets (Phase II of IFRS 9) – IASB clarifies some concepts of the recent exposure draft
- Revenue Recognition: the broad principles of the future standard are known
- Insurance contracts project IFRS 4 phase II - latest developments
