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IFRS news archive

IFRS news archive

Need-to-know information on international standards in the accounting and regulatory space.

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2019

ESMA enforcement priorities for 2019
European regulator highlights priorities for 2019 financial statements prepared under IFRS Standards
28 October 2019

 

IBOR reform – Blueprint for modifications under IFRS® 9
Board debates accounting for modifications to financial instruments relating to IBOR reform
23 October 2019

 

IFRS®17 proposals – Outreach feedback 
Board provides feedback from stakeholder outreach – comment letter analysis due next month
23 October 2019 | Insurance

 

Annual disclosure checklists – 2019 edition
30 September 2019 | Guides to financial statements

 

Annual illustrative disclosures – 2019 edition
30 September 2019 | Guides to financial statements

 

IBOR reform – First-phase amendments issued
The Board has issued amendments to IFRS 9, IAS 39 and IFRS 7
27 September 2019 l IBOR reform and IFRS

 

Insights into IFRS – Our latest thinking
Our practical guide to IFRS Standards
11 September 2019 | IFRS toolkit

 

IBOR reform - First phase amendments imminent
The Board completes redeliberation on amendments to IFRS 9 and IAS 39
2 September 2019 | IBOR reform and IFRS

 

IFRS 16 - Lease components
The unit of account for lease accounting
2 September 2019 | Leases handbook

 

Applying materiality when preparing financial statements
IASB encourages companies to apply materiality judgements
19 August 2019 | IFRS disclosures

 

IAS 12 proposals – Recognising deferred tax on leases
Narrower application of IAS 12’s initial recognition exemption would improve comparability
17 July 2019

 

IFRS 17 amendments
Proposed amendments should prompt insurers to step up the pace of implementation
15 July 2019 | Insurance

 

Revenue
IFRS 15 handbook
25 June 2019 | Revenue

 

Calling all companies
How will you be impacted by interest rate reforms?
13 June 2019 

 

Proposed Annual Improvements to IFRS
Amendments proposed to IFRS 1, IFRS 9, IFRS 16 and IAS 41
24 May 2019 

 

IFRIC Updates – Regulators are paying attention; are you?
Keep an eye on the Committee’s output
22 May 2019 | IFRS Today

 

IFRS 17 – Final steps before exposure draft
Comment period set at 90 days, sweep issues discussed at Board meeting
16 May 2019 | Insurance

 

Proposals focus on agenda decisions
Due process update to reflect current practices and conventions
15 May 2019 | Guides to IFRS financial statements

 

Earnings per share – IAS 33 handbook
Your step-by-step guide to EPS calculations and application issues under IFRS.
13 May 2019 | IFRS toolkit

 

IBOR reform – IFRS exposure draft issued
Users of hedge accounting have only a short time to comment on the proposed reliefs
3 May 2019 | IBOR reform and IFRS

 

Cryptoassets - Accounting and tax
What are the potential implications?
18 April 2019 | IFRS Today

 

Cryptoassets - Accounting and tax
What’s the impact on your financial statements?
18 April 2019 | Future of IFRS

 

IFRS 17 – Fine-tuning and finalising the proposals
Board completes discussions about implementation challenges – exposure draft due in June
10 April 2019 | Insurance

 

Disclosure checklist - Guide to condensed interim financial statements – 2019 edition 
10 April 2019 | Guides to IFRS financial statements

 

Illustrative disclosures - Guide to condensed interim financial statements – 2019 edition 
10 April 2019 | Guides to IFRS financial statements

 

IFRS 17 – April 2019 TRG meeting summary
Members discussed investment components in insurance contracts
5 April 2019 | Insurance

 

IFRS 17 – Three more proposed amendments
Changes proposed to three more areas of the insurance contracts standard
15 March 2019 | Insurance

 

IBOR reform – How would the proposed relief be applied?
March decisions clarify how potential amendments would apply and when initial relief would end
14 March 2019 | Financial Instruments

 

Brexit and financial reporting – Part two
Uncertainty could impact KPIs
12 March 2019 | IFRS Today

 

Brexit and financial reporting
Questions for audit committees
28 February 2019 | IFRS Today

 

Leases – Overcoming the challenges of complying
What our global survey reveals
15 February 2019 | IFRS Today

 

IFRS 17 – Further key amendments proposed
Proposals target loan contracts and transition requirements
11 February 2019 | Insurance

 

IBOR reform – Possible changes to support hedge accounting
Potential amendments to IFRS 9 and IAS 39 as benchmark interest rates undergo reform
8 February 2019 | Financial Instruments

 

IFRS 17 – Important amendments in the pipeline
New proposals to amend the insurance contracts standard in four areas  
24 January 2019 | Insurance

 

Measuring fair value – Is IFRS 13 working as intended?
IFRS 13 is achieving its objectives, but application challenges remain in judgemental areas
16 January 2019 | 


Assessing if a contract is onerous
Proposed amendments to IAS 37 could increase contract loss provisions for some
8 January 2019 | 


Investment funds – Illustrative disclosures
Your essential guide to preparing IFRS financial statements for investment funds.
4 January 2019 | Guides to IFRS financial statements

2018

Proposed amendment to insurance standard
Proposal to amend presentation requirements to ease implementation challenges 
14 December 2018 | Insurance 


First full-year results under IFRS 9
Our initial impressions of the first annual financial statements published under the new standard
12 December 2018 | Real time IFRS 9


Illustrative disclosures for banks
Your essential guide to preparing IFRS financial statements for banks
11 December 2018 | Guides to IFRS financial statements


IFRS 16 – Transition to the new leases standard
What’s the best option for your business on transition to IFRS 16?
29 November 2018 | Leases


Shared-based payments
IFRS 2 handbook
29 November 2018 | IFRS toolkit


Consistency in disclosure of expected credit losses
Recommendations for large banks to enhance ECL disclosures to meet investors’ needs
28 November 2018 | Financial Instruments

 

Preparing for IFRS 16, the new leases standard
What should your priorities be?
21 November 2018 | IFRS Today


Applying materiality when preparing financial statements
IASB refines its definition of material and encourages companies to apply judgement
20 November 2018 | IFRS disclosures


IFRS 17 – Proposed deferral of effective date to 2022
Proposal to defer insurance standard by one year and extend temporary exemption from IFRS 9
15 November 2018 | Insurance


IFRS 17 journey - no time to rest
How are insurers coping in the run-up to adoption?
7 November 2018 | IFRS Today


ESMA enforcement priorities for 2018
European regulator highlights priorities for 2018 IFRS financial statements
2 November 2018


IFRS 17 – IASB considers amending the standard
Insurers’ concerns and implementation challenges give much for the Board to think about
26 October 2018 | Insurance

 

IFRS 3 amendments – Clarifying what is a business
Amendments provide more guidance on the definition of a business, but complexities remain
25 October 2018 | Business combinations


Crypto-assets – Risk and governance
Questions for audit committees to ask
19 October 2018 | IFRS Today


IFRS 17 – September 2018 TRG meeting summary
TRG members discussed several implementation questions about the new standard
4 October 2018 | Insurance

 

IFRS 9 year-end challenges for banks
The story that hasn’t been told yet.
4 October 2018 | IFRS Today


Tenants’ real estate leases
IFRS 16 for real estate tenants
2 October 2018 | Leases

 

Annual disclosure checklists – 2018 edition
24 September 2018 | Guides to IFRS financial statements

 

Annual illustrative disclosures – 2018 edition
24 September 2018 | Guides to IFRS financial statements

 

Achieving a smooth year-end reporting process
Learning from the interims
19 September 2018 | IFRS Today


New IFRS Standards: Are you ready?
IFRS web tool for newly effective standards
18 September 2018 | IFRS toolkit

 

IFRS 16 – Lease modifications
Accounting for changes
11 September 2018 | Leases

 

Insights into IFRS
An overview 
10 September 2018 | IFRS - Our latest thinking

 

IFRS 9 bank disclosures – Half-year 2018 reporting
Half-year reporting adds new insights on impairment
30 August 2018 | Real time IFRS 9


IFRS 9 -  Hedge accounting for corporates
Unlocking the opportunities
26 July 2018 | IFRS Today


Introducing Blockchain and cryptocurrencies
Some key impacts and implications
19 July 2018 | IFRS Today

 

IAS 32 – Distinguishing between liabilities and equity
Proposals for clearer classification principles and enhanced presentation and disclosure
10 July 2018 | Financial Instruments


IFRS 17 – CSM allocation: What’s the issue?
Predicting the impact of IFRS 17 on earnings
29 June 2018 | IFRS Today


European review questions approach to IFRS
As Europe looks at corporate reporting, IFRS is in the spotlight, with global implications
22 June 2018


Investment management companies – Are you good to go?
Key considerations for Investment managers when implementing IFRS 15.
25 May 2018| Revenue 


IFRS 16 Leases – Where are companies underestimating the impacts?
There are some implementation and process changes to be addressed in the near term
23 May 2018 | IFRS Today


Revenue – Embedding and explaining the changes
How are companies coping so far with operationalising IFRS 15?
23 May 2018 | IFRS Today

 

IFRS 9 bank disclosures – Taking a closer look after first quarter reporting
Several banks have provided first quarter disclosures with varying levels of granularity
18 May 2018 | Real time IFRS 9

 

IFRS 17 – May 2018 TRG meeting summary
TRG members discussed several implementation questions about the new insurance contracts standard
14 May 2018 | Insurance

 

Conceptual Framework – The new foundation for IFRS
The revised Framework will underpin the IASB’s thinking when developing new standards 
29 March 2018 

 

Disclosure checklist - Guide to condensed interim financial statements – 2018 edition 
29 March 2018 | Guides to IFRS financial statements

 

 Illustrative disclosures - Guide to condensed interim financial statements – 2018 edition
29 March 2018 | Guides to IFRS financial statements

 

IFRS 9 bank disclosures – A deeper dive into what we know so far
A close look at banks’ disclosures on IFRS 9’s expected credit loss model
28 March 2018 | Real time IFRS 9

 

Consumer markets and retail – Implementing IFRS 16
Insight and analysis on the impact of the new leases standard
21 March 2018 | Leases


Banks under the spotlight with new disclosures
Quality and clarity of explanations is key
16 March 2018 | IFRS Today

 

IFRS 9 bank disclosures – Increased detail brings clearer focus
Banks issue more detailed information, yielding some interesting perspectives
6 March 2018 | Real time IFRS 9

 

New disclosures for corporates – Are you prepared to tell all?
Disclosure requirements more detailed than ever before
1 March 2018 | IFRS Today

 

IFRS 9 bank disclosures – First picture starting to emerge
The first glimpses of the impact of IFRS 9 adoption by banks
20 February 2018 | Real time IFRS 9

 

IFRS 17 – February 2018 TRG meeting summary
TRG members discussed several implementation questions about the new standard
13 February 2018 | Insurance



Clearer accounting for defined benefit plans
Amendment to IAS 19 clarifies current service and net interest accounting
12 February 2018 |


Insurers – Illustrative disclosures
Your essential guide to preparing financial statements under IFRS 17 and IFRS 9
31 January 2018 | Guides to IFRS financial statements

 

Financial instruments – Introducing IFRS 9
Our insight and analysis on the impact of IFRS 9 Financial Instruments.
31 January 2018 | Financial Instruments

 

The Bank Statement – Q4 2017
This newsletter looks at IFRS and regulatory matters affecting accounting by banks
19 January 2018 | Banking


New standards – Tell the right story in your IFRS disclosures
Manage stakeholder expectations
18 January 2018 | IFRS Today


Impact of US tax reforms on IFRS financial statements
Significant changes to US tax legislation impact all companies with operations in the US
18 January 2018

2017

IFRS 16 - Ilustrative disclosures
Your essential guide to the new lease disclosures
15 December 2017 | Guides to IFRS financial statements


Fair malue measurement – IFRS and US GAAP
Your guide to applying fair value measurement requirements under both IFRS and US GAAP.
15 December 2017 | IFRS toolkit

 

IFRS compared to US GAAP
We look at the main differences of principle, emphasis or application between IFRS and US GAAP.
14 December 2017 | IFRS toolkit


Guide to annual financial statements – Illustrative disclosures for investment funds 
Your essential guide to preparing IFRS financial statements for investment funds.
13 December 2017 | Guides to IFRS financial statements


Banks – IFRS 15 could affect 25% of operating income 
It’s time to look beyond IFRS 9
12 December 2017 | IFRS Today

 

IFRS 15 for automotive suppliers  – Are you good to go?
Key considerations for auto parts makers on implementing the new revenue recognition standard. 
6 December 2017 | Revenue


Guides to annual financial statements: supplement  – Bank – IFRS 9 pre-transition disclosures 
The 2017 supplement to the 2016 edition updates the pre-transition disclosures on the impact of the adoption of IFRS 9 Financial Instruments.
6 December 2017 | Guides to IFRS financial statements


IFRS 9 elections – An essential pre-holiday job
Complete your hedge accounting documentation or your hedges may no longer comply!
30 November 2017 | IFRS Today

 

Telcos – Implementing IFRS 16
Insight and analysis on the impact of the new leases standard
29 November 2017 | Leases


Financial Instrument Newsletter Issue 43 – Towards a new model for DRM
The Board agreed that the accounting model for dynamic risk management (DRM) should improve transparency, address the capacity issue and provide a simple and reliable performance metric while reflecting the fluid nature of DRM.
23 November 2017 | Financial Instruments


IFRS 16 – Lease payments
Determining the lease liability
21 November 2017 | Leases


IFRS 16 – What didn’t the standard tell us?
Early learnings from the front line of lease conversion projects
16 November 2017 | IFRS Today

 

ESMA enforcement priorities for 2017
European regulator highlights priorities for 2017 IFRS financial statements 
31 October 2017 | Disclosures


Transition – It’s a reputational risk, not just a number
Moving to the new standards is a process across several phases
17 October 2017 | IFRS Today


Guide to annual financial statements: IFRS 15 supplement 
26 October 2017 | Guides to IFRS financial statements


Long-term interests in associates and joint ventures 
How do equity accounting losses and IFRS 9 interact for long-term interests?
18 October 2017 | Business combinations


IFRS 9 – Changes warranting immediate attention
Prepayment features with negative compensation and modifications of financial liabilities
12 October 2017 | Financial Instruments


The Bank Statement – Q3 2017
Modification of financial instruments
12 October 2017 | Banking


IFRS 9 – Opportunities and complexities for corporates
Chance to better align hedge accounting with risk management policies
2 October 2017 | Financial Instruments

 

IFRS 9 for corporates – Are you good to go?
Global accounting networks issue guidance for audit committees
2 October 2017 | Financial Instruments


Applying materiality when preparing financial statements
IASB issues guidance for companies on making materiality judgements
29 September 2017 | Disclosures


Accounting policy or estimate? 
Proposed clarifications aim to reduce diversity in practice
28 September 2017 | Disclosures


Financial instruments Newsletter Issue 42 – DRM discussions continue 
The IASB staff presented an education session to the Board in which it discuss (i) prepayment risk and ways to manage it, and (ii) hedge accounting and capacity.
27 September 2017 | Financial instruments


Leases discount rates
What’s the correct rate?
13 September 2017 | Leases


IFRS 15 – Beware of changes to your top-line and KPIs!
Business unit heads could be surprised by the real impact of the new revenue standard
31 August 2017 | IFRS Today


Banks – Auditing IFRS 9’s ECL requirements
Global accounting networks issue guidance for audit committees
31 July 2017 | Banking


New standards – Coordinating group and local numbers
Are central and local finance teams on the same page?
27 July 2017 | IFRS Today

 

Financial instruments Newsletter Issue 41 – Final prepayment amendments 
The Board completed its technical re-deliberations on the exposure draft Prepayment Features with Negative Compensation.
26 July 2017 | Financial instruments

 

First Impressions: Insurance Contracts 
Introduce IFRS 17 key requirements with the use of illustrative examples and features KPMG’s insights. 
18 July 2017 | Insurance

 

New insurance contracts standard – Introducing IFRS 17  
Insight and analysis on the impact of IFRS 17 Insurance Contracts
18 July 2017 | Insurance


Banks – Are you good to go?
Key considerations that banks need to focus on when implementing IFRS 15.
13 July 2017 | Revenue


Insurance – Are you good to go?
Key considerations that insurance companies need to focus on when implementing IFRS 15.
13 July 2017 | Revenue


The Bank Statement – Q2 2017
Credit loss accounting for dual reporters
12 July 2017 | Banking


Investment management – Are you good to go?
Key considerations that investment management companies need to focus on when implementing IFRS 15.
4 July 2017 | Revenue


New standards – Good and bad news on IT implementation
Critical time challenge to get your systems ready 
29 June 2017 | IFRS Today

 

Financial instruments Newsletter Issue 40 – IFRS 9 prepayment amendments 
The Board discussed feedback received in comment letters on the exposure draft Prepayment features with Negative Compensation.
29 June 2017 | Financial instruments 


Accounting for sale proceeds before an asset’s intended use
Proposed narrow-scope amendments to IAS 16
23 June 2017


Airlines – Are you good to go?
Key considerations that airline companies need to focus on when implementing IFRS 15.
15 June 2017 | Revenue


Media – Are you good to go?
Key considerations that media companies need to focus on when implementing IFRS 15.
8 June 2017 | Revenue


Income tax exposure 
IFRIC 23 clarifies the accounting treatment
8 June 2017 | IFRS toolkit


Food, drink and consumer goods companies – Are you good to go?
Key considerations that food, drink and consumer goods companies need to focus on when implementing IFRS 15.
1 June 2017 | IFRS Today


New standards – Taking investors by the hand 
What disclosures will you have to make in this year’s interim and annual reports?
31 May 2017 | IFRS Today


Measuring fair value – Share your experience of IFRS 13
The IASB has issued a request for information seeking feedback in several areas of focus
30 May 2017 | IFRS toolkit


Technology – Are you good to go?
Practical guidance for software and technology companies on implementing the new revenue recognition standard.
25 May 2017 | Revenue

 

Financial Instruments Newsletter Issue 39 – Next steps on the DRM project
Discussions on DRM activities continue
24 May 2017 | Financial instruments 


Prepayment features with negative compensation
Proposed narrow-scope amendment to IFRS 9 for particular financial assets
24 May 2017 | Financial instruments


Pharmaceuticals – Are you good to go?
Our latest publication looks at the key considerations pharma and life sciences companies need to focus on when implementing IFRS 15.
16 May 2017 | Revenue


Retail – Are you good to go?
Our latest publication looks at the key considerations retailers and wholesalers need to focus on when implementing IFRS 15.
4 May 2017 | Revenue 


IFRS 15 – Earnings surprises in store for investors? 
Investors need to assess how the new revenue recognition standard will affect earnings 
28 April 2017 | IFRS Today


IFRS 16 Leases definition 
Under the new leasing standard, IFRS 16, lease definition becomes the key on-/off-balance sheet test.
27 April 2017 | Leases


Aerospace and defence – Are you good to go?
Key considerations that aerospace and defence companies need to focus on when implementing IFRS 15.
27 April 2017 | Revenue


Construction – Are you good to go?
Implementing IFRS 15 – Key considerations that companies in the construction sector need to focus on.
13 April 2017 | Revenue


The Bank Statement – Q1 2017
Stage transfer criteria for impairment
13 April 2017 | Banking


Real estate developers – Are you good to go?
What are the key considerations that real estate developers need to focus on when implementing IFRS 15?
7 April 2017 | Revenue


Combined and/or carve-out financial statements
This guide highlights practice where IFRS is applied consistently globally.
7 April 2017 | IFRS Toolkit


Disclosure checklist - Guide to condensed interim financial statements-2017 edition
31 March 2017 | Guides to IFRS financial statements


Illustrative disclosures - Guide to condensed interim financial statements-2017 edition
31 March 2017 | Guides to IFRS financial statements


New standards – Setting the tone at the top
10 questions for audit committees – to focus discussions with management of corporates on implementation of the new standards 
31 March 2017 | IFRS Today

 

Operating segments – Responding to the PIR of IFRS 8
Proposed amendments seek to improve IFRS 8 after Post-implementation Review
31 March 2017 | Business combinations


Financial instruments Newsletter Issue 38 – DP on FICE expected this year
Technical deliberations largely completed on the FICE project
30 March 2017 | Financial instruments 


Transport companies – Implementing IFRS 15
We look at how IFRS 15 Revenue from Contracts with Customers will affect companies in the transport sector, and how KPMG can help.
13 March 2017 | Revenue


Consumer goods – Implementing IFRS 15
Now that the IASB and FASB have published a new joint standard on revenue recognition, the real work for food, drink and consumer goods companies is just beginning.
13 March 2017 | Revenue


Housebuilders – Implementing IFRS 15
We look at how IFRS 15 Revenue from Contracts with Customers will affect companies in the housebuilding sector, and how KPMG can help.
9 March 2017 | Revenue


Financial Instruments Newsletter Issue 37 – FICE discussions continue
The IASB has continued its discussions on financial instruments withcharacteristics of equity.
2 March 2017 | Financial Instruments


IFRS 9 impairment Newsletter Issue 4 – Revolving credit facilities
The IASB has discussed an issue relating to how the period of exposure isdetermined for revolving credit facilities, such as credit cards.
1 March 2017 | Financial Instruments



Insurance Newsletter Issue 57 – Making the finishing touches
In February, the IASB addressed issues arising from the feedback it received from the external testing and drafting process of the forthcoming insurance contracts.
1 March 2017 | Insurance 


IFRS 15 Revenue – The reality may surprise you
10 reasons why CFOs should be worried.
27 February 2017 | IFRS Today


Guide to annual financial statements: Illustrative disclosures for banks (IAS 39)
17 February 2017 | Guides to IFRS financial statements

 

Insurance contract – No time to watch and wait
12 questions to kickstart your successful transition.
31 January 2017 | Insurance 


Power & utilities – Implementing IFRS 15
Now that the IASB and FASB have published a new joint standard on revenue recognition, the real work for power and utilities companies is just beginning.
25 January 2017 | Revenue 


Financial Instruments Newsletter Issue 36 – Symmetric prepayment options
The IASB has started work on a narrow-scope project on 'make-whole' prepayment options.
25 January 2017  |  Financial Instruments


Insurance - final standard expected in May 2017
IASB expects sweep issues from the IFRS 17 fatal flaw review to be discussed in February.
19 January 2017 | Insurance 


Proposed annual improvements to IFRS
Amendments proposed to IAS 12, IAS 23, IAS 28 and IFRS 9
16 January 2017 | Business combinations


The Bank Statement – Q4 2016 
KVA – Adjustments for regulatory capital costs.
10 January 2017 | Banking


Regulators call for action on new accounting standards 
IOSCO stresses importance of implementation and disclosure on IFRSs 9, 15 and 16.
6 January 2017 | Disclosures

2016

Financial Instruments Newsletter Issue 35 – Derivatives on own equity
Further progress has been made in exploring classification under the Gamma approach.
16 December 2016 | Financial Instruments


Guide to annual financial statements: Illustrative disclosures for investment funds
15 December 2016 | Guides to IFRS financial statements

 

Transfers to and from investment property
The IASB has amended IAS 40 on transfers of property assets to, or from, investment property.
14 December 2016   


Foreign currency transactions – Advance consideration 
IFRIC 22 clarifies the transaction date used to determine the exchange rate.
09 December 2016  

 

Integrated Reporting – Closing the reporting gap 
Investors want better information on business value drivers. How can <IR> principles help? 
1 December 2016 


Insurance Newsletter Issue 56 - Setting the stage for a final standard
This month, the IASB discussed its findings from the external testing of a draft of the forthcoming insurance contracts standard (IFRS 17), and addressed some of the issues raised.
23 November 2016 | Insurance


Financial Instruments Newsletter Issue 34 – The puttables exception
Further progress has been made in exploring classification under the Gamma approach.
22 November 2016 | Financial Instruments


Banks – Rising to the challenges of IFRS 9
10 focus questions for management and audit committees.
16 November 2016 | Financial Instruments 


IFRS – What's next on the agenda?
IASB publishes five-year work plan following stakeholder consultation.
11 November 2016 | The future of IFRS


ESMA enforcement priorities for 2016
European regulator highlights priorities for 2016 IFRS financial statements
2 November 2016 | Disclosures


Investment managers – Implementing IFRS 15
Investment managers should not underestimate the potential impact of the new revenue standard that's effective from 1 January 2018.
31 October 2016 | Revenue


Financial Instruments Newsletter Issue 33 – Alternative settlement outcomes
Further progress has been made in exploring the classification of claims with alternative settlement outcomes.
25 October 2016 | Financial Instruments


Annual disclosure checklists – 2016 edition
18 October 2016 | Guides to IFRS financial statements


Annual illustrative disclosures – 2016 edition
18 October 2016 | Guides to IFRS financial statements

 

The Bank Statement – Q3 2016
Comparing IFRS 9 and US GAAP impairment
11 October 2016 | Banking


Leases – 10 key questions to help you prepare for IFRS 16
What do you need to think about when planning to implement the new standard?
7 October 2016 | IFRS Today


Oil and Gas - Implementing IFRS 15
The new revenue standard – effective from 1 January 2018 – is having an impact  across the oil and gas sector.
30 September 2016 | Revenue


Banks – Are you prepared for IFRS 9?
The new financial instruments standard – effective from 1 January 2018 – is proving to be a momentous accounting change for banks.
29 September 2016 | Banking


Financial Instruments Newsletter Issue 32 – Moving the FICE project forward
Further progress has been made in exploring presentation and disclosure requirements.
28 September 2016 | Financial Instruments


Insurance – IFRS 4 amendments 
Amendments respond to industry concerns about the impact of differing effective dates. 
23 September 2016 | Insurance


Telcos – Implementing IFRS 15
IFRS 15 is having a profound effect across the telecommunications sector.
7 September 2016 | Revenue


New insurance contracts standard – It’s time to engage
Insurers may experience greater volatility in profit or loss and equity on applying the new standard.
29 July 2016 | Insurance


Brexit – Financial reporting implications
Our briefing document addresses the initial accounting and reporting impacts.
29 July 2016  


Revenue – Regulator calls for transparency on impacts on IFRS 15 
ESMA promotes consistent application of new revenue standard.
28 July 2016 | Revenue


Financial Instruments Newsletter Issue 31 – the FICE project continues
Further progress has been made in exploring the classification of derivatives on own equity.
26 July 2016 | Financial Instruments


Insurance amendments – IFRS 9 temporary exemption 
The IASB expects to issue its final insurance amendments in September 2016. 
20 July 2016 | Insurance


The Bank Statement – Q2 2016
Impact of IFRS 16 and more on the leverage ratio
12 July 2016 | Banking


Clarifying business combinations accounting
New definition of a business aims to be narrower and to facilitate more robust decision making
4 July 2016 | Business Combinations


IFRS – Better communication
IASB chairman makes better communication a priority for the coming years
1 July 2016 | The future of IFRS


IFRS 15 – Transition to the new revenue standard
What’s the best option for your business on transition to IFRS 15?
30 June 2016 | Revenue


Insurance Newsletter Issue 55 – Fine-tuning the forthcoming standard
The IASB has turned its attention to sweep issues that have arisen during the balloting process for the forthcoming insurance contracts standard.
29 June 2016 | Insurance


Clarifying share-based payment accounting
Amendments to IFRS 2 clarify the accounting for certain types of arrangements.
21 June 2016 | Employee benefits


Non-GAAP measures – Moving towards global transparency
IOSCO promotes transparency and comparability in its new statement
17 June 2016 | Disclosures


Banks – Implementing IFRS 9’s impairment requirements
Global accounting networks issue guidance to help audit committees oversee implementation.
17 June 2016 | Banking


Insurance – Implementing IFRS 15
Insurers should not underestimate the potential impact of the new revenue standard that's effective from 1 January 2018.
9 June 2016 | Insurance

 

Viewpoint Podcast: ‘Level of aggregation’ under IFRS 4 Phase 2 for insurers
Find out more about one of the key drivers of profit recognition in the new model.
24 May 2016 | Insurance


Insurance Newsletter Issue 54 – IFRS 4 amendments set for balloting
The IASB has finished its discussions on the differing effective dates of IFRS 9 and the forthcoming insurance contracts standard.
24 May 2016 | Insurance

 

Financial Instruments Newsletter Issue 30 – Characteristics of equity
Further progress has been made in exploring ways to present useful information not captured by a binary classification approach.
23 May 2016 | Financial Instruments

 

Revenue –  Issues in-depth (Second edition)
Our in-depth guide to the new IFRS and US GAAP revenue standards.
17 May 2016 | Revenue


The Bank Statement – Q1 2016
Measuring ECL and clearing OTC derivatives
29 April 2016 | Banking


Financial Instruments Newsletter Issue 29 – Characteristics of equity
Further progress has been made in exploring the implications of attributing profit or loss and OCI to derivative equity claims.
28 April 2016 | Financial Instruments


Insurance Newsletter Issue 53 – Revised criteria for deferring IFRS 9
The IASB is to broaden the qualifying criteria for deferring IFRS 9 and introduce additional relevant disclosures.
27 April 2016 | Insurance


Accounting for revenue is changing
What’s the impact on your business?
26 April 2016 | Revenue


First Impressions: IFRS 15 Revenue-It’s time to engage
Our digestible introduction to the clarified version of IFRS 15.
14 April 2016 | Revenue

 

Condensed interim disclosure checklist – 2016 edition
31 March 2016 | Guides to IFRS financial statements


Condensed interim illustrative disclosures – 2016 edition
31 March 2016 | Guides to IFRS financial statements

 

Insurance Newsletter Issue 52 – Direction set for IFRS 4 amendments
At its February meetings, the IASB instructed the staff to begin the balloting process for the forthcoming insurance contracts standard.
21 March 2016 | Insurance

 

Guide to annual financial statements: IFRS 9 – Illustrative disclosures for banks
15 March 2016 | Banking


Financial Instruments Newsletter Issue 28 – Characteristics of equity
Looking at ways to improve IAS 32.
24 February 2016 | Financial Instruments

 

Disclosure on changes in financing liabilities
Amendments to IAS 7 require additional disclosures.
12 February 2016 | Disclosures


The Bank Statement – Q4 2015
IFRS 9 implementation and Pillar
31 February 2016 | Banking


Deferred tax assets on unrealised losses
IASB clarifies deferred tax treatment for debt instruments under IAS 12.
29 January 2016 | Income taxes 


Insurance Newsletter Issue 51 – Planned technical redeliberations now complete
The IASB considered the level of aggregation for onerous contracts and allocation of CSM and continued its discussion regarding discretionary cash flows.
27 January 2016 | Insurance


Slideshare: IFRS 16 Leases – A more transparent balance sheet
This SlideShare presentation gives a high-level visual summary of the key messages and the business impacts of the new leases standard.
13 January 2016 | Leases


New lease accounting standard brings added transparency to the balance sheet
Press release on the new lease accounting standard IFRS 16.
13 January 2016 | Leases


First Impressions: IFRS 16 Leases – A more transparent balance sheet
A detailed overview of the new leasing standard and its effect on financial statements.
12 January 2016 | Leases

2015

Banks – Accounting for expected credit losses 
Basel Committee issues guidance on credit risk and accounting for expected credit losses.
22 December 2015 | Banking

 

IFRS 9 Impairment Newsletter Issue 3 – ITG clarifies implementation issues
The new expected credit loss model for the impairment of financial instruments has triggered a variety of implementation issues.
16 December 2015 | Financial instruments


Banks – EDTF guidance on new credit risk disclosures
Principles on bank disclosures updated to reflect accounting for expected credit losses
9 December 2015 | Banking


Opening the black box: Demystifying IFRS 4 Phase 2 
Through illustrative examples using one of the components of a complete set of IFRS financial statements.
8 December 2015 | Insurance

 

Disclosures – Regulator says quality, not quantity, is key 
ESMA states key principles for improving disclosures in financial statements. 
10 November 2015 | Disclosures


Annual disclosure checklists – 2015 edition
11 September 2015 | Guides to IFRS financial statements


Annual illustrative disclosures – 2015 edition
11 September 2015 | Guides to IFRS financial statements


Annual illustrative disclosures – IFRS 15 supplement
11 September 2015 | Guides to IFRS financial statements


IFRS 15 – 2018 effective date confirmed
IASB confirms a one-year deferral of the effective date of its new revenue standard.
27 July 2015 | Revenue


Performance reporting – Conceptual Framework
Would the IASB’s proposals resolve the long-standing issue of performance reporting? 
29 June 2015 | The future of IFRS


Business combinations – Is IFRS 3 working as intended?
The IASB has reviewed feedback on the effectiveness of business combination accounting. 
19 June 2015 | Business Combinations


The future direction of IFRS
What should be the core principles for setting accounting standards under IFRS?  
28 May 2015 | The future of IFRS


Condensed interim disclosure checklist – 2015 edition
31 March 2015 | Guides to IFRS financial statements


Condensed interim illustrative disclosures – 2015 edition
31 March 2015 | Guides to IFRS financial statements


Making financial statements more relevant
Clarifications to IAS 1 aim to improve financial statement disclosures. 
15 January 2015 | Disclosures


Investment entities – Consolidation accounting
Intermediate investment entities are the focus of these narrow-scope IFRS amendments.
8 January 2015 | Business Combinations

2014

Guide to annual financial statements: IAS 39 – Illustrative disclosures for banks 
18 December 2014 | Guides to IFRS financial statements


Construction – Implementing IFRS 15
With the arrival of the new revenue standard – IFRS 15 Revenue from Contracts with Customers – the construction industry has effectively lost its contract accounting ‘rule book’.
30 September 2014 | Revenue


Transfer of assets in transaction with associate or JV
Amendments to IFRS 10 and IAS 28 address long-standing accounting conflict for investors. 
15 September 2014 | Business Combinations

 

First Impressions: IFRS 9 Financial Instruments
This First Impressions provides our detailed analysis on the complete version of IFRS 9 Financial instruments, issued in July 2014.
11 September 2014 | Financial Instruments


Annual disclosure checklists – 2014 edition
11 September 2014 | Guides to IFRS financial statements


Annual illustrative disclosures – 2014 edition
11 September 2014 | Guides to IFRS financial statements


Annual illustrative disclosures – IFRS 12 supplement
11 September 2014 | Guides to IFRS financial statements


Separate financial statements – Equity method
Amendments to IAS 27 allow use of equity method for separate financial statements.
13 August 2014 | Financial Instruments


Insurance – Implementing IFRS 9
The new financial instruments standard is part of a sea-change in reporting for insurers.
28 July 2014 | Financial Instruments


In the Headlines: Financial instruments – the complete standard
Fundamental changes call for careful planning.  
25 July 2014 | Financial Instruments 


Accounting for dynamic risk management activities
A new approach to macro hedge accounting aims to better reflect risk management in IFRS.  
22 July 2014 | Financial Instruments 


Business combinations – Interests in a joint operation
Amendments to IFRS 11 will result in more consistent business combination accounting.
7 May 2014 | Business Combinations


Goodwill impairment – Who cares?
KPMG report highlights stakeholder support for rethinking treatment of goodwill under IFRS.
2 April 2014 | Business Combinations


Condensed interim disclosure checklist – 2014 edition
1 April 2014 | Guides to IFRS financial statements


Condensed interim illustrative disclosures – 2014 edition
1 April 2014 | Guides to IFRS financial statements

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