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30 July 2015

Leasing – the final countdown

Guest blogger: Dave Walters, follow him on twitter The leasing project nears the end of a long and winding road and promises to bring substantially all leases on balance sheet. It has been an epic journey. The first discussions on a project to bring all leases on balance sheet in...

08 July 2015

Ditch the concepts; I want sensible IFRS guidance for investment entities

Follow Mary Dolson on twitter @MaMaDolson Concepts, first and foremost, should create a framework that fills gaps. A robust conceptual framework might provide a road map for standard setters. Is it time to ditch the idea that accounting should be driven by conceptual ideals and focus on utility or what...

19 June 2015

Boldly going - Exams, Star Trek and the IASB

Guest blogger: Dave Walters, follow him on twitter It’s exam season in the Walters household. There’s a degree of tension in the air which I can only empathise with, usually from a safe distance (typically about 100 miles away). I vividly remember the sensation of walking out of my final...

03 June 2015

Dear Prudence

Guest blogger: Peter Hogarth, follow him on LinkedIn Who would have thought that accounting concepts could stimulate so much debate? In 2010, the IASB decided to remove the word ‘prudence’ from its conceptual framework. This may seem like something for only technical accountants and academics to get excited about. After...

11 May 2015

IFRS 15; convergence and the TRG - is all change progress?

Follow Mary Dolson on twitter @MaMaDolson The IASB has decided to postpone the effective date of IFRS 15 by one year to 1 January 2018 – just in case you were hiding under a rock and missed the news. Few that follow standard setting developments were surprised. It’s a converged...

17 April 2015

Has the Impairment of Goodwill Experiment Failed? Yes...

Guest blogger: Ruth Preedy, follow her on LinkedIn Where did it all start? Back at the beginning of time, when dinosaurs roamed the earth and Luca Pacioli was dreaming about double entry bookkeeping, there was a concept known as pooling and goodwill was unheard of. Simple evolution theory says that...

01 April 2015

The Walters Family - Living the IFRS Dream

Guest blogger: Dave Walters, follow him on twitter It is a truth universally acknowledged by accountants everywhere that it is every parent’s duty to teach their children IFRS. Being the father of four cost centres and a technical partner as well, I have tried to fulfil my duty in this...

09 March 2015

Adjusted earnings - a useful measure of performance?

Guest blogger: Dave Walters, follow him on twitter The blogger’s views are his own; please share your thoughts, comments and reactions. Comments are moderated before being posted. It is human nature to want to present the best possible picture of yourself or those things that you are responsible for. A...

17 February 2015

The axe: a much neglected tool for standard setting

Follow Mary Dolson on twitter @MaMaDolson This blog was inspired by PJ O’Rourke who famously said when talking about farm subsidies ‘drag the thing out behind the barn and kill it with an axe.’ I don’t have a view on farm subsidies but some things should not be allowed to...

02 February 2015

Written put options on non-controlling interests – read this for the answer!

Guest blogger: Gary Berchowitz, follow him on LinkedIn The blogger’s views are his own; please share your thoughts, comments and reactions. Comments are moderated before being posted. OK, so if you are reading this, you are probably part of the elite 5% of the accounting world who actually (a) know...