الأدوات المالية - شبكة المحاسبين العرب

الأربعاء, 28 سبتمبر 2022 12:32

تحديث مجلس معايير المحاسبة الدولية في فبراير 2021 متاح الآن وتحديث خطة العمل

تم نشر تحديث مجلس معايير المحاسبة الدولية في فبراير 2021

معلومات إضافية

المحتوى بالإنجليزية IASB Update February 2021
This IASB Update highlights preliminary decisions of the International Accounting Standards Board (Board). The Board's final decisions on IFRS® Standards, Amendments and IFRIC® Interpretations are formally balloted as set out in the Due Process Handbook of the IFRS Foundation and the IFRS Interpretation Committee.

The Board met remotely on 16–17 February 2021.

The topics, in order of discussion, were:

Financial Instruments with Characteristics of Equity (Agenda Paper 5)
Management Commentary (Agenda Paper 15)
Third Agenda Consultation (Agenda Paper 24)
Disclosure Initiative—Subsidiaries that are SMEs (Agenda Paper 31)
Second Comprehensive Review of the IFRS for SMEs Standard (oral update)
Extractive Activities (Agenda Paper 19)
Related Information
Forthcoming Board meetings:

22–26 March 2021
26–30 April 2021
24–28 May 2021
IASB Update archive

Podcast summaries

Project work plan

To receive future IASB updates, please follow the International Accounting Standards Board group page.

Financial Instruments with Characteristics of Equity (Agenda Paper 5)
The Board met on 16 February 2021 to discuss:

potential refinements to the disclosures an entity would be required to make about the financial instruments it issues; and
the classification of financial instruments with obligations that arise only on liquidation.
Disclosures: potential refinements (Agenda Papers 5A–5D)

The Board discussed potential refinements to disclosure proposals explored in its 2018 Discussion Paper Financial Instruments with Characteristics of Equity—namely, proposals for information about priority on liquidation, potential dilution, and terms and conditions.

The Board was not asked to make any decisions but directed the staff to further consider the objectives of the proposed disclosures and their scope.

Obligations that only arise on liquidation of the entity (Agenda Papers 5E–5F)

The Board discussed challenges in accounting for financial instruments with obligations that arise only on liquidation of an entity. The Board also discussed potential classification, presentation and disclosure requirements to address those challenges.

The Board tentatively decided not to change how such instruments should be classified; but instead to develop presentation and disclosure requirements in relation to them.

Twelve of 13 Board members agreed with this decision.

Next step

The Board will continue to discuss these topics at a future meeting.

Management Commentary (Agenda Paper 15)
The Board met on 16 February 2021 to discuss sweep issues identified in preparing for balloting the Exposure Draft of a revised IFRS Practice Statement 1 Management Commentary (Practice Statement).

Definition of material information (Agenda Paper 15B)

The Board tentatively decided that the Practice Statement should state that information is material if omitting it from management commentary, or misstating or obscuring it within management commentary, could reasonably be expected to influence decisions that investors and creditors make on the basis of that management commentary and the related financial statements. Seven of 12 Board members present agreed with this decision. One member was absent.

The Board also discussed guidance clarifying the circumstances in which information provided in financial statements would also be provided in management commentary. The Board was not asked to make any decisions.

Clarifications and refinements (Agenda Papers 15A, 15C and 15D)

The Board discussed how to:

clarify the status of the Practice Statement;
clarify the proposed requirements and guidance related to key matters; and
improve the appendix in the Exposure Draft intended to help preparers report on matters that could affect the entity’s long-term prospects, on intangible resources and relationships, and on environmental and social matters.
The Board was not asked to make any decisions.

Next step

The Board aims to publish the Exposure Draft in April 2021.

Third Agenda Consultation (Agenda Paper 24)
The Board met on 17 February 2021 to review the due process steps taken in developing the draft request for information.

All 13 Board members confirmed they were satisfied the Board has complied with the applicable due process requirements and has undertaken sufficient consultation and analysis to publish the request for information.

The Board:

tentatively decided to allow 120 days for comment on the request for information. Twelve of 13 Board members agreed with this decision.
decided to publish the request for information for public comment. All 13 Board members agreed with this decision.
Next step

The Board expects to publish the request for information in March 2021.

Disclosure Initiative—Subsidiaries that are SMEs (Agenda Paper 31)
The Board met on 17 February 2021 to discuss due process steps—including permission to begin the balloting process—for the exposure draft being developed for the project.

All 13 Board members confirmed they were satisfied the Board has complied with the applicable due process requirements and has undertaken sufficient consultation and analysis to begin the process for balloting the exposure draft.

One Board member indicated an intention to dissent from the proposals in the exposure draft.

Given that the exposure draft proposes a reduction in the disclosures that entities within its scope would otherwise be required to make applying IFRS Standards, in setting the comment period the Board noted:

in addition to the time needed to analyse the suggested disclosure requirements, both preparers and users of financial statements will need sufficient time to understand what information an entity would not be required to disclose under the proposals; and
a longer comment period would allow respondents to assess more thoroughly the appropriateness of the suggested disclosure requirements when the recognition and measurement requirements differ between IFRS Standards and the IFRS for SMEs Standard.
In the light of these considerations, the Board decided to allow 180 days for comment on the exposure draft. Seven Board members agreed with this decision.

Next step

The staff will prepare the exposure draft for balloting.

Second Comprehensive Review of the IFRS for SMEs Standard (oral update)
The Board met on 17 February 2021 to receive an update on the SME Implementation Group’s meeting that took place on 4–5 February 2021. More information can be found on the SME Implementation Group’s meeting page.

The Board was not asked to make any decisions.

Next step

At a future meeting the Board will consider a project plan for the next stage of its second comprehensive review of the IFRS for SMEs Standard.

Extractive Activities (Agenda Paper 19)
The Board met on 17 February 2021 to discuss extractive activities in the minerals and oil and gas industries, the common accounting challenges relating to those extractive activities and the reasons for those challenges. This discussion will help the Board to decide, at a future meeting, whether to replace or amend IFRS 6 Exploration for and Evaluation of Mineral Resources.

Education session (Agenda Paper 19A)

The Board considered a summary of:

the life cycles of a minerals property and an oil and gas property;
the activities performed in each phase of those life cycles;
some of the financial reporting challenges associated with each phase; and
the reasons for those financial reporting challenges.
The Board was not asked to make any decisions.

Next step

The Board will begin its discussion on the scope of the project
البلد الأردن

نشر في محاسبة و مراجعة

موسومة تحت

الأربعاء, 28 سبتمبر 2022 12:25

دعوة لتقديم أوراق بحثية حول مراجعات مجلس معايير المحاسبة الدولية IASB

قم بالدعوة لإجراء بحث أكاديمي للإبلاغ عن مراجعات IASB لما بعد التنفيذ لمعايير IFRS

معلومات إضافية

المحتوى بالإنجليزية Call for academic research to inform the IASB’s post-implementation reviews of IFRS Standards

The IFRS Foundation is calling for research proposals to help inform the International Accounting Standards Board’s planned post-implementation reviews of three Standards, focusing specifically on the quality of disclosures provided by companies applying IFRS 9 Financial Instruments, together with the disclosure requirements in IFRS 7 Financial Instruments: Disclosures, and on the disclosures required by IFRS 15 Revenue from Contracts with Customers.

The deadline for submitting research proposals is 31 March 2021.

Access more details about the call for research.

Additionally, the Australian Accounting Review is calling for papers for a special issue of the journal that will focus on academic research related to the application and impact of IFRS 9. Expressions of interest to contribute to the special issue must be given by 15 April 2021.

Access more details about the call for research.

نشر في محاسبة و مراجعة

موسومة تحت

الأربعاء, 28 سبتمبر 2022 12:23

دعوة للحصول علي أوراق بحث أكاديمية لمؤتمر 2022 المشترك

يسعى كل من IASB وFASB و The Accounting Review إلى الحصول على أوراق بحث أكاديمية لمؤتمر 2022 المشترك

معلومات إضافية

المحتوى بالإنجليزية 10 February 2021
IASB, FASB and The Accounting Review seek academic research papers for joint 2022 conference
The International Accounting Standards Board (IASB), the Financial Accounting Standards Board (FASB) and The Accounting Review (TAR) have issued a joint call for academic research papers on how key standards are performing in the capital markets. Selected papers will be presented at a joint conference titled Accounting for an Ever-Changing World, currently scheduled for 2-4 November 2022 in New York City, and will be considered for publication in TAR (a publication of the American Accounting Association).

The initiative is intended to strengthen connections between the academic and standard-setting communities and encourage academic research that supports the FASB and the IASB in their post-implementation review of recent major standards.

Call for research papers
Research papers should focus on the effectiveness of the FASB's and/or IASB's standards on revenue recognition (Topic 606 and IFRS 15 Revenue from Contracts with Customers), leases (Topic 842 and IFRS 16 Leases), and financial instruments (Topic 326, Financial Instruments–Credit Losses and IFRS 9 Financial Instruments). Specifically, the standard-setting Boards seek information on whether the standards have:

accomplished their stated objectives;
provided benefits to users of financial information;
resulted in unexpected implementation or continuing application costs; or
given rise to unexpected economic consequences.
Research that examines the impact of similarities or differences between US GAAP and IFRS Standards in these areas is also appropriate.

Find the call for papers here.

Deadline for paper submissions
The deadline to submit papers is 15 May 2022; early submission is encouraged. Selected papers will be presented at the conference and considered for potential publication in TAR. Papers should follow TAR’s editorial policy and be submitted via the journal homepage, along with a cover letter indicating the submission is for the joint conference. (A submission fee of $200 is required and can be paid during submission to the journal).

More information can be found on the conference website.

نشر في محاسبة و مراجعة

موسومة تحت

الأربعاء, 28 سبتمبر 2022 11:57

كيف يمكن للأكاديميين الإبلاغ عن مراجعات ما بعد التنفيذ للمعايير الدولية لإعداد التقارير المالية 9 و15 و16؟

نظمت مؤسسة المعايير الدولية لإعداد التقارير المالية ستة ندوات عبر الإنترنت تستهدف الأكاديميين

معلومات إضافية

المحتوى بالإنجليزية how can academics inform post-implementation reviews of IFRS 9, IFRS 15 and IFRS 16?

The IFRS Foundation has organised six webinars aimed at academics to stimulate research into IFRS 9 Financial Instruments, IFRS 15 Revenue from Contracts with Customers, and IFRS 16 Leases.

Research evidence on IFRS 9 Financial Instruments, IFRS 15 Revenue from Contracts with Customers, and IFRS 16 Leases will inform the International Accounting Standards Board’s (Board) post-implementation reviews (PIRs) of these Standards. The Board has already started working on the PIR of the classification and measurement requirements in IFRS 9. The Board plans to discuss the start dates of the PIRs of the impairment and hedge accounting requirements in IFRS 9, IFRS 15 and IFRS 16 in the second half of 2021.

Two live webinars will be held about each IFRS Standard, at different times of the day, to accommodate stakeholders in different time zones. Each webinar will consist of an overview of the Standard’s objectives and related research opportunities, followed by questions and answers.

Timings and links for registration can be found below: