by admin | Mar 7, 2019 | Accounting, Tech News
The IFRS Foundation has made available a package of 35 supporting modules to help those applying the IFRS for SMEs Standard. The Standard is specifically aimed at companies that do not have public accountability — they don’t have debt or equity traded in a public...
by admin | Mar 2, 2019 | Accounting, Tech News
The IFRS Foundation has published two documents summarising work by the International Accounting Standards Board (IASB) on possible improvements to IFRS 8 Operating Segments and on discount rates in IFRS Standards: the IFRS 8 Project Summary provides an overview of...
by admin | Feb 23, 2019 | Accounting, Auditing, Tech News
Under the Financial Reporting Surveillance Programme (FRSP), the Accounting and Corporate Regulatory Authority (ACRA) of Singapore reviews selected financial statements for compliance with the accounting standards. On or about 1 February 2019, it has issued Financial...
by admin | Feb 23, 2019 | Accounting, Tech News
The International Accounting Standards Board (IASB) member Nick Anderson has issued an article that discussed the objectives of the 2016 Disclosure Initiative (Amendments to IAS 7). These amendments to IAS 7 Statement of Cash Flows require a disclosure of changes in...
by admin | Feb 21, 2019 | Accounting, Tech News
On or about 19 February 2019, the Institute of Singapore Chartered Accountants (ISCA) has commended the Government on Singapore Budget. ISCA highlights how it is working to help fulfill some of the initiatives in the local accounting industry, specifically: Building...
by admin | Feb 16, 2019 | Accounting, Tech News
The IASB has published a webcast which discusses the new revenue recognition model in IFRS 15 Revenue from Contracts with Customers. This is in conjunction with many companies will shortly publish full-year IFRS 15 revenue and disclosures for the first time in 2019....
