Accounting, auditing & listing rules updates

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Jun 2017      In brief: A look at current financial reporting issues - IFRS 17 marks a new epoch for insurance contracts accounting
       
May 2017       IFRS / HKFRS News: Solving the mystery of carve-outs financial statements, accounting for variable consideration under IFRS 15, proposed tweak to IFRS 8, demystifying IFRS 9 for corporates regarding intra-group loan, lease lab introduces lease term, Cannon Street Press on definition of a business exposure draft, fees included in the '10 percent' test, and other IFRS maintenance and practical implications of IFRIC rejections related to IAS 34 'Interim financial reporting' 
        
May 2017      In depth - New IFRSs for 2017
       
Apr 2017      IFRS / HKFRS News: Demystifying IFRS 9 for corporates and accounting as principal or as agent under IFRS 15, demystifying IFRS 9 series articles continues to explain ECL models, Cannon Street Press on primary financial statement, conceptual framework for financial reporting and FICE. NIFRICS by numbers talks about practical implications of IFRIC rejections related to IAS 32 'financial instruments: presentation'
       
Mar 2017      IFRS / HKFRS News: Navigating the maze of IFRS 15 transition, the twilight zone - definition of a business and bundled sales under IFRS 15, demystifying IFRS 9 series article explains ECL models, Cannon Street on IFRS 9 modification, insurance and FICE, leases lab introduces transition and practical implications of IFRIC rejections related to IAS 29 'Financial reporting in hyper-inflationary economies'
       
Feb 2017      Rough seas ahead, as deadline looms for transitioning existing hedges to new accounting standard, IFRS 9
       
Feb 2017       IFRS / HKFRS News: The five stages of grief - accepting IFRS 17, demystifying IFRS 9 series article, accounting for free gifts under IFRS 15, Cannon Street Press, leases lab introduces substitution rights and practical implications of IFRIC rejections related to IAS 28 'Investments in associates and joint ventures'

Jan 2017       IFRS / HKFRS News: Pension disclosure, year end disclosure on IFRS 9, contract under IFRS 15, Cannon Street press, leases lab introduces discount rate, significant increase in credit risk, and practical implications of IFRIC rejections related to IAS 27 "Consolidated and separate financial statements"

Dec 2016       IFRS / HKFRS News: Common pitfalls of the impairment VIU model, Cannon Street Press and demystifying IFRS 9 series article explains significant increase in credit risk

Dec 2016           Demystifying IFRS 9 Impairment videos

Dec 2016           Accounting for cryptocurrencies

Dec 2016           Illustrative HKFRS consolidated financial statements (For the year ended 31 Dec 2016)

Nov 2016       IFRS / HKFRS News: Regulators' focus on the new standard disclosure for IFRS15 updates, Cannon Street Press and the leases lab introduces predetermined use contracts

Oct 2016       IFRS / HKFRS News: Impact of the new insurance standard and IFRS 9 Myth Busters, Cannon Street Press, additional volatility in profit or loss for lessees from lease contracts denominated in a foreign currency, and practical implications of IFRIC rejections related to IAS 24 "Related-party disclosures"

Sep 2016       IFRS / HKFRS News: IC rejections related to IAS 20 Government Grants, IFRS 11 Joint Arrangements, IFRS 10 Consolidated Financial Statements and IFRIC 12 Service Concession Arrangements; Cannon Street Press on IFRS 4 Insurance Contracts

Aug 2016       IFRS / HKFRS News: Update on income taxes, decommissioning liabilities and impairment testing, difficulties in translating IFRSs, Cannon Street Press, IFRS 16’s possible impact on communications industry and practical implications of IFRIC rejections related to IAS 23 “Borrowing costs”

Jul 2016       IFRS / HKFRS News: Ten reminders for interim reporting, alternative performance measures - under scrutiny by regulators, definition of a business, implication of IFRS 2 "Share-based Payment" amendments, IFRS 9 "Financial Instruments" Q&As, Cannon Street Press, leases lab for impact on systems and processes, and practical implications of IFRIC rejections related to IAS 21 "The effects of changes in foreign exchange rates"

Jun 2016       Illustrative condensed consolidated interim financial information for existing IFRS / HKFRS preparers (For the six months ended 30 Jun 2016)

Jun 2016       In brief - A look at current financial reporting issues:Impact of UK referendum result on financial reports

Jun 2016       IFRS / HKFRS News: IFRS 15 "Revenue from contracts with customers" and the insurance industry, Cannon Street Press, leases lab for how to implement the new guidance on lessee's KPIs, and practical implications of IFRIC rejections related to IAS 19 "Employee benefits"

May 2016       IFRS / HKFRS News: Final changes to IFRS15 "Revenue from contracts with customers", highlights from the ESMA report for regulators, segment reporting in IFRS 8, leases lab on how to implement the new guidance in real estate, Cannon Street Press and practical implications of IFRIC rejections related to IAS 18 "Revenue"

May 2016           In depth - New IFRSs for 2016

May 2016           In the spotlight - Impact of IFRS 16 to airlines

Apr 2016       IFRS / HKFRS News: Key considerations for impairment tests, current IFRIC rejections on various topics, leases lab, Cannon Street press and practical implications of IFRIC rejections related to IAS 17 "Leases"

Mar 2016       IFRS / HKFRS News: Alternative performance measures, more guidance for banks on IFRS 9 "Financial instrument" impairment, IAS 7 "Cash flow statements" amendment, current IC rejections, Cannon Street Press and practical implications of IFRIC rejections related to IAS 16 "Property, plant and equipment"

Mar 2016       In depth - IFRS 16 - a new era of lease accounting!

Feb 2016       In depth - Getting governance right on IFRS 9 Expected Credit Loss: accounting policy and implementation decisions

Feb 2016       IFRS / HKFRS News: IFRS 16 "Lease" new standard, narrow-scope amendments to IAS 12 "Income taxes", exposure draft on definition of a business, P*Q crashes, Cannon street press and the practical implications of IFRIC rejections related to IAS 12

Jan 2016       IFRS / HKFRS News: 10 reminders for year-end reporting; revenue TRG discusses optional purchase, licences and other topics; the TRG for Impairment of Financial Instruments continues discussions on impairment implementation issues; Cannon Street Press; and IFRIC rejections related to IAS 11 "construction contracts"

Jan 2016       Breaking News - New leases standard (IFRS 16): Challenge and solution!

Jan 2016       In brief - A look at current financial reporting issues: It's finally here - the IASB publishes a new standard on lease accounting!

Dec 2015       IFRS / HKFRS News: IASB's proposed practice statement on application of materiality to financial statements and Cannon Street on financial instruments with the characteristics of equity, disclosure initiative, borrowing costs, joint control and definition of a business

Dec 2015           Illustrative IFRS/HKFRS consolidated financial statements (for the year ended 31 Dec 2015)

Nov 2015       IFRS / HKFRS News: Interpretation proposed on foreign currency for advance consideration and IAS 12 "Uncertainty over income tax treatments"; Cannon Street Press and IFRIC rejections related to IAS 10 "Events after the balance sheet date"

Oct 2015       IFRS / HKFRS News: News from the TRG for impairment; IASB proposes deferral of effective date of amendments to IFRS 10 "Consolidated financial statements" and IAS 28 "Investments in associates"; exploring the myths of fair value; a summary of the IASB's recent decisions on insurance contracts; Cannon Street Press; and IFRIC rejections related to IAS 8 "Accounting policies, changes in accounting estimates and errors"

Sep 2015       IFRS / HKFRS News: An analysis of recent ESMA enforcement decisions in relation to IAS 36 "Impairment of Assets"; the impact of negative interest rates; Cannon Street Press; and IFRIC rejections related to IAS 7 "Statement of Cash Flows"

Aug 2015       IFRS / HKFRS News: IFRS 15 "Revenue from contracts with customers" ED; news from the revenue TRG; Cannon Street Press; and IFRIC rejections related to IAS 2 "Inventories"

Jul 2015       IFRS / HKFRS News: Segment disclosures to bring more insight on the ‘management view’ and Cannon Street Press

Jul 2015       Illustrative condensed consolidated interim financial information for existing IFRS / HKFRS preparers (For the six months ended 30 June 2015)

Jun 2015       IFRS / HKFRS News: IASB exposes revised conceptual framework; European regulator's endorsement on IFRS 9 "Financial instruments"; Cannon Street Press; and IFRIC rejections starting with IAS 1 "Presentation of financial statements"

Jun 2015       In depth - A fresh look at IFRS 8, ‘Operating segments’

Jun 2015       In depth - IAS 23: Capitalisation of borrowing costs

May 2015           In depth - New IFRSs for 2015

May 2015       IFRS / HKFRS News: IASB's proposal on deferral of effective date of revenue standard, Cannon Street Press and Q&As on "Zoos and IAS 41"

May 2015           In depth - IFRS 10 "Consolidated financial statements" and IFRS 12 "Disclosure of interests in other entities" - Questions and answers

Apr 2015       In depth - IFRS 11 Joint arrangements: Implementation issues considered by the IFRS Interpretations Committee

Apr 2015       In depth - IFRS 9 "Financial instruments": General hedge accounting

Apr 2015       IFRS / HKFRS News: IASB/FASB proposed clarifications and expedients to revenue recognition; new leasing standard approved for ballot; Revenue Transition Resource Group March meeting; Cannon Street Press and Q&As on "yields“

Mar 2015       In depth - Impairment of non-financial assets: Expanding on the top 5 tips for impairment testing

Mar 2015       IFRS 9 "Financial instruments": Hedging in practice - Frequently asked questions

Mar 2015       IFRS / HKFRS News: IASB and FASB's discussion on potential revisions to revenue standard; Investors calling for clarity and conciseness in policy disclosures; Cannon Street Press and Q&As on "eXiting a business"

Feb 2015       In depth - IFRS 9 "Financial instruments": Expected credit loss disclosures for banking

Feb 2015       IFRS / HKFRS News: Accounting implications for financial volatility; Revenue Transition Resource Group makes a dent in the implementation issue list; Cannon Street Press and Q&As on "written put"

Feb 2015       In depth on IFRS 11 "Joint Arrangements" - Measurement of joint operations: Reading between the lines

Feb 2015           Illustrative IFRS/HKFRS consolidated financial statements (for the year ended 31 Dec 2014)

Jan 2015       In brief - A look at current financial reporting issues: Top 5 tips for impairment reviews of non-financial assets

Jan 2015       IFRS / HKFRS News: Interpretation Committee's tentative decisions indicating potential guidance on IFRS 11 "Joint Arrangement"; 10 reminders for year-end reporting; Cannon Street Press and Q&As on "vesting conditions"

Jan 2015       In depth - IFRS 12 'Disclosure of interests in other entities' for Asset management

Jan 2015       New Hong Kong Companies Ordinance - Accounting & reporting alert: Non-statutory accounts - HKICPA issues draft guidance on section 436 – publication of “specified financial statements” and “non-statutory accounts”

Oct 2014           Practical guide to IFRS - IFRIC 20 "Stripping costs in the production phase of a surface mine"

Aug 2014       In depth: IFRS 9 Financial instruments - Expected credit losses

Aug 2014       In depth: IFRS 9 Financial instruments - Classification and measurement - Analyses the impact of the new standard

Aug 2014       IFRS in brief - IASB issues IFRS 9, 'Financial instruments'