by admin | Sep 30, 2017 | Accounting, Tech News
Step 2 Identify performance obligations in the contract 6.1 (IFRS 15) FRS 115 Revenue from Contracts with Customers recognises that an entity may have promised more than one product or service to the customer, i.e., sale of 2 products as a bundle. 6.2 Step 2...
by admin | Sep 26, 2017 | Accounting, Tech News
The International Auditing and Assurance Standard Board (IAASB) Quality Control Task Force Chair, Karin French, leads a discussion on proposed changes to International Standard on Quality Control (ISQC) 1 for firms. The proposed changes will result in a restructured...
by admin | Sep 25, 2017 | Accounting, Tech News
The Institute of Singapore Chartered Accountants (ISCA) has developed a roadmap to help new or early-stage Sustainability Reporting adopters kick-start their sustainability reporting journey. The roadmap seeks to provide practical guidance on sustainability reporting...
by admin | Sep 20, 2017 | Accounting, Tech News
The International Accounting Standards Board (IASB) has issued guidance on how to make materiality judgements to encourages companies to apply judgement instead of using IFRS requirements as a checklist, so that financial statements focus on the information that is...
by admin | Sep 18, 2017 | Accounting, Tech News
This Interpretation clarifies how to apply the recognition and measurement requirements in FRS 12 when there is uncertainty over income tax treatments. In such a circumstance, an entity shall recognise and measure its current or deferred tax asset or liability...
by admin | Sep 17, 2017 | Accounting, Tech News
The International Accounting Standards Board (Board) has published an Exposure Draft Accounting Policies and Accounting Estimates for public consultation and open for comment until 15 January 2018. The purpose of the proposed amendments is to help companies...
