القوائم المالية - شبكة المحاسبين العرب

الأربعاء, 30 يونيو 2021 09:35

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معلومات إضافية

مكتب المحاسبة ارنست ويونغ وشركاهم محاسبون قانونيون
إسم المحاسب وليد غازي توفيق
العضوية الدولية EY
القطاع البنوك
الدولة السعودية
السنة 2021

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الإثنين, 06 سبتمبر 2021 12:47

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معلومات إضافية

مكتب المحاسبة شركة برايس وتر هاوس كوبرز
إسم المحاسب مفضل بن عباس محمد علي
العضوية الدولية PWC
القطاع البنوك
الدولة السعودية
السنة 2021

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موسومة تحت

الإثنين, 01 مارس 2021 14:35

اجعل الأصول غير الملموسة ذات أهمية

التغيير وعدم اليقين هما سمة من سمات عالمنا جنبًا إلى جنب مع الابتكارات في اقتصادنا سريع التغير

معلومات إضافية

المحتوى بالإنجليزية The unbalanced balance sheet: Make intangibles count
By Wes Bricker
February 24, 2021, 10:48 a.m. EST
3 Min Read
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Change and uncertainty are a feature of our world alongside innovations in our fast-changing economy. Investments in new business models and intangible assets — such as brands, technology and customer relationships — are increasingly key to driving value creation as companies research new technologies, cultivate customer relationships, manage their workforce and more. But information related to these important assets is often limited in the financial information reported by companies to stakeholders.

Intangibles are often unique, but that doesn’t mean it’s impossible to integrate intangible assets in reporting efforts. The lens through which we view a company affects how we measure success. A more complete picture contributes to a more unified understanding of value and, when used wisely, can act as a clear signal for action.

So what is the current state of affairs, and what can be done to improve things?

Why accounting lags behind

Accounting standards have historically treated investments in plant and equipment or financial assets very differently than investments in intangibles. As a result, investments in internally generated intangible assets are generally not recognized on balance sheets. This may have been OK at a time when companies created value through the deployment of vast collections of tangible assets, but today, most companies generate much of their value through intangible assets. The absence of most intangibles from financial statements and footnotes can result in a large gap between the book value of the company and its market capitalization, as well as a GAAP earnings metric that does not reflect a complete measure of return on investment.

Approach intangible assets with the rigor of financial reporting

To enhance the relevance of financial reporting, it needs to provide greater insight into intangible investments. Communicating this information as part of the financial reporting process, rather than through other avenues, subjects it to the rigor of the financial reporting ecosystem. Including information on internally generated intangibles, in addition to any acquired intangibles, can help incorporate some measure of intangible assets’ value into a company's financial statements.

Don’t stand still on ESG while things change around you

Investors are increasingly focused on a company’s environmental, social and governance (ESG) strategy, which highlights management’s stewardship of certain intangibles, such as human capital. ESG is a lens to help understand the operational and financial measures of impact and value creation. Operational and financial dimensions are linked — use both perspectives for a more comprehensive view of performance. ESG strategies and high-quality data can help you understand the impact of activities, and trigger decisions, change and financial outcomes. Stakeholders today are seeing a greater connection between ESG strategies and long-term value creation, and rewarding it. Strategies and commitments need milestones and a well-considered selection of high-quality ESG measures to communicate performance. This ESG data often includes operational insights (such as customer retention rates) that translate into value (valuation of customer intangibles).

Standardized disclosure guidelines will help

Transformational changes to financial statements, such as recording and disclosing all or some internally generated intangibles, will help the financial reporting process keep pace with business innovation and remain relevant. Thankfully, FASB and IASB recognize the need for action in this area. FASB is in the early stages of a project, and the IASB is seeking feedback from stakeholders on adding one. In the meantime, it’s critical for boards to engage all stakeholders — from the C-suite to regulators, auditors and users — to gather each of their unique perspectives on how financial reporting can best capture the value created through intangible assets.

Ultimately, ensuring that stakeholders have visibility into management’s stewardship over intangible assets is critical if financial reporting is to remain relevant in an intangible-dominated world. While the best approach may not be one-size-fits-all, any reliable effort to incorporate valuable intangible assets will benefit businesses in the long run.

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موسومة تحت

الأربعاء, 28 سبتمبر 2022 12:15

تحديث مجلس معايير المحاسبة الدولية IASB لشهر يناير 2021

يسلط تحديث مجلس معايير المحاسبة الدولية هذا الضوء على القرارات الأولية الصادرة عن مجلس معايير المحاسبة الدولية

معلومات إضافية

المحتوى بالإنجليزية IASB Update January 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 26 January 2021.

The topics, in order of discussion, were:

Board work plan update (Agenda Paper 8)
Maintenance and consistent application (Agenda Paper 12)
Disclosure Initiative—Subsidiaries that are SMEs (Agenda Paper 31)
Primary Financial Statements (Agenda Paper 21)
Related information
Forthcoming Board meetings:

15–19 February 2021
22–26 March 2021
26–30 April 2021
IASB Update archive

Podcast summaries

Project work plan

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

Board work plan update (Agenda Paper 8)
The Board met on 26 January 2021 to receive an update on its work plan. The Board also received an update on its plan to hold a supplementary virtual meeting on 4 February 2021 to discuss whether to propose extending the period of practical relief provided in the amendment to IFRS 16 Leases in relation to covid-19-related rent concessions, issued in May 2020. The meeting agenda and meeting paper are available on the meeting page.

The Board was not asked to make any decisions.

Next step

The Board expects to receive the next update on its work plan in the second quarter of 2021.

Maintenance and consistent application (Agenda Paper 12)
The Board met on 26 January 2021 to receive an update on the December 2020 meeting of the IFRS Interpretations Committee. Details of this meeting were published in the IFRIC Update for December 2020.

The Board was not asked to make any decisions.

Disclosure Initiative—Subsidiaries that are SMEs (Agenda Paper 31)
The Board met on 26 January 2021 to discuss:

disclosure requirements for cash-generating units containing goodwill and intangible assets with indefinite useful lives—Agenda Paper 31A;
the scope of the proposed reduced-disclosure IFRS Standard—Agenda Paper 31B; and
whether the consultation document should be an exposure draft or a discussion paper—Agenda Paper 31C.
Disclosure about cash-generating units containing goodwill and intangible assets with indefinite useful lives (Agenda Paper 31A)
The Board tentatively decided that the proposed reduced-disclosure IFRS Standard for subsidiaries that are SMEs should include the disclosure requirements set out in paragraphs 134(a)–(c), 134(d)(i), 134(e)(i), 134(e)(iiA), 135(a)–(c) and 136 of IAS 36 Impairment of Assets. All 13 Board members agreed with this decision.

Scope of the reduced-disclosure IFRS Standard (Agenda Paper 31B)
The Board discussed whether the scope of the proposed reduced-disclosure IFRS Standard should be wider than subsidiaries that are SMEs. The Board tentatively decided that only subsidiaries that are SMEs should be eligible to apply the Standard, and that the Board would invite comments on the proposed scope of the Standard. Eleven of 13 Board members agreed with this decision.

The Board also tentatively decided a subsidiary that is an SME would only be eligible if, at its reporting date, it is a subsidiary of a parent that applies IFRS Standards in its consolidated financial statements; and that the scope should not be limited to single-entity financial statements. Eleven of 13 Board members agreed with this decision.

Consultation document—discussion paper or exposure draft (Agenda Paper 31C)
The Board decided to proceed directly to an exposure draft. Twelve of 13 Board members agreed with this decision.

Next step

In February 2021 the Board will be asked for permission to start the balloting process and, in particular, to set a comment period for the exposure draft.

Primary Financial Statements (Agenda Paper 21)
The Board met on 26 January 2021 to continue discussing feedback on its Exposure Draft General Presentation and Disclosures and to discuss plans for redeliberating the project proposals. (The Exposure Draft sets out proposals for a new IFRS Standard on presentation and disclosures in financial statements that, when finalised, will replace IAS 1 Presentation of Financial Statements. It also sets out proposed amendments to other IFRS Standards.)

The Board agreed a plan to redeliberate the project proposals.

Next step

The Board will start to redeliberate the project proposals at a future meeting.
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