29 April 2020
The number and size of exceptional items that will need to be recognised and presented in the profit and loss account due to coronavirus are likely to be substantial.
31 January 2019
The IASB has made amendments to the definition of material. The updated definition amends IAS 1 and IAS 8 . It is effective from 1 January 2020.
29 November 2018
IASB has amended the business definition in IFRS 3. Contact RSM to learn more about the changes.
06 November 2018
New leasing standards come into effect next year which aim to increase transparency within financial reporting, but a quarter of manufacturers are not prepared for the change which will impact key performance ratios, a new survey has found.
14 September 2018
The International Accounting Standards Board (Board) has published a Discussion Paper on how companies issuing financial instruments should classify them in their financial statements.
14 February 2018
In the amendment to FRS 102 - Triennial review 2017 the FRC is aiming to reduce the cost of accounting for business combinations. It states that fewer intangibles will need to be recognised separately from goodwill going forwards. However, entities will need to take care.
27 November 2017
The International Accounting Standards Board (IASB) has issued narrow scope amendments to IFRS 9 Financial Instruments and to IAS 28 Investments in Associates and Joint Ventures.