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IASB Releases Guidance on Application of IFRS 9 During Time of Uncertainty Due to COVID-19 Pandemic

MarkFriedlich

The International Accounting Standards Board (IASB) has released the document, IFRS 9 and COVID-19—Accounting for Expected Credit Losses Applying IFRS 9 Financial Instruments in the Light of Current Uncertainty Resulting from the COVID-19 Pandemic.

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IASB proposes to tweak requirements for provisions

Accounting Today

The International Accounting Standards Board wants feedback on targeted improvements it's proposing to make to improve the requirements for recognizing and measuring provisions on corporate balance sheets.

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SEC Issues SAB 122, Officially Rescinding SAB 121

Withum

The enactment of SAB 122 officially rescinds the interpretive guidance and instead directs firms to use Financial Accounting Standards Board rules or International Accounting Standard provisions. Let’s Chat The post SEC Issues SAB 122, Officially Rescinding SAB 121 appeared first on Withum.

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IASB proposes amendments on applying equity method

Accounting Today

The International Accounting Standards Board has begun a public consultation on proposed amendments to IFRS to account for investments in associates and joint ventures.

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IASB offers examples to improve reporting of climate-related uncertainties in financial statements

Accounting Today

The International Accounting Standards Board published a consultation document with eight proposed illustrative examples to show how companies could apply International Financial Reporting Standards when reporting the effects of climate-related and other types of uncertainties in their financial statements.

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IASB proposes to improve acquisition reporting

Accounting Today

The International Accounting Standards Board hopes to enhance the information provided by companies to their investors about acquisitions under IFRS.

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IASB looks to improve statement of cash flows

Accounting Today

The International Accounting Standards Board has begun a research project to review the requirements for the statement of cash flows and related matters.