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25 January 2016

Will you be the new leases standard’s valentine?

This week’s guest blogger is Derek Carmichael from Global Accounting Consulting Services in London. Connect to him on LinkedIn. IFRS 16 is finally here, just in time for Valentine’s Day season. Like the course of true love, the path to the final standard has not been easy and has shared...

18 January 2016

Are we there yet? The road to IFRS

This week’s guest blogger is Saad Siddique, Accounting Consulting Services UK. Connect to him on LinkedIn. A recent talk at PwC from Christopher Nobes, Professor of Accounting at Royal Holloway (University of London), on his research on the adoption of IFRS worldwide brought a range of answers to my titular...

17 December 2015

Santa and the new leasing standard

Alexander Woodford gives us some entertainment over the holiday season with his take on the latest accounting challenges faced by Father Christmas. The Chief Financial Reporting Elf was relaxing in his grotto this Christmas Eve morning having just sent out a memo regarding Santa’s exciting new project in the manufacturing...

07 December 2015

The best things in life are free…or are they?

This week’s guest blogger is Katja van der Kuij, CMAAS and ACS director in the Netherlands. Connect to her on LinkedIn. My world is full of freebies nowadays: I can get a free smartphone from my telecom provider in combination with a 2-year data plan, a free tablet with a...

24 November 2015

Act now to avoid an income statement charge from your pension deficit

This week’s guest blogger is Brian Peters, partner and lead of PwC's pension accounting business. Connect to him on LinkedIn The IASB is planning to amend IFRIC 14 and the outcome might not be what companies expect. The new accounting rules will require companies to have a balance sheet liability...

23 November 2015

Is it still a ‘purchase price allocation’ under IFRS 3 and does it matter what we call it?

Musings on mankind’s clinging to ‘names’ even when the names are incorrect by Lihor Spazzoli, PwC ACS Partner, South Africa. Connect with him on LinkedIn. All views are those of the author. I grew up in Florence, Italy, the most beautiful city in the world. Any story can be told...

21 October 2015

Leasing fatigue – time to wake up and reach for the coffee…

By our guest blogger, Chris Biggs, Director CMAS Accounting Advisory, PwC. Connect with him on LinkedIn. I started noticing sufferers of ‘leasing fatigue’ a couple of years back after the second IASB exposure draft. The (by then) fifteen years of debate were showing no signs of reaching an end –...

12 October 2015

Find your way in accounting - a walker's guide

Guest blogger: Dave Walters, follow him on twitter I’ve just had a few days off work, walking the North Downs Way with a friend of mine. The North Downs Way is a mostly very picturesque “National Trail” that stretches 150 miles (or about 300,000 paces) across southern England. We were...

19 September 2015

Why do insurers want to defer adoption of IFRS 9 Financial Instruments?

Our guest blogger is Irina Sedelnikova, IFRS insurance accounting specialist. Follow her on Twitter @gruenap or LinkedIn EFRAG has submitted its long-awaited endorsement advice letter on IFRS 9 Financial Instruments. EFRAG’s conclusion was “that overall IFRS 9 is conducive to the European public good, except for the impact on the...

01 September 2015

Is the IASB really hell-bent on introducing fair value?

The IASB has been under fire for spreading the use of (evil) fair value accounting. Perhaps commentators are seeking a scapegoat for recent financial crises. Most ‘accountants’ see accounting as a measurement of history rather than drivers of events. But even if one does hold the view that fair value...