Beyond the GAAP - the monthly newsletter on financial and sustainability reporting
Each month, the newsletter Beyond the GAAP aims at keeping readers informed of financial and sustainability reporting developments.
Beyond the GAAP no.78 - May 2014
At last! Between the publication in December 2008 of the Discussion Paper on Revenue Recognition, and the arrival of IFRS 15 at the end of May 2014, nearly five and a half years have passed. During this period, two exposure drafts were published (June 2010 and November 2011), and it took 30 months’ work to move from the second exposure draft to the final joint standard with the US GAAP.
Beyond the GAAP No 79 – June 2014
At the beginning of the second half of 2014, it appears that some preparers have initiated an action plan to analyze
their contracts with customers in the light of IFRS 15.
Starting early this project will enable to identify practical implementation difficulties that deserve to be referred to
the Transition Resource Group, which held its first meeting on 18 July.
their contracts with customers in the light of IFRS 15.
Starting early this project will enable to identify practical implementation difficulties that deserve to be referred to
the Transition Resource Group, which held its first meeting on 18 July.
Beyond the GAAP no.80 - July-August 2014
The IASB has taken advantage of the summer break to finalise a number of publications. These include the complete version of IFRS 9 on financial instruments, published in July.
Beyond the GAAP No 81 – September 2014
After a short summer break, the IASB and the IFRS Interpretations Committee have returned to their work programme. September saw the publication of the Discussion Paper on rate-regulated activities and the continuation of discussions on the major insurance contracts and conceptual framework projects.