Recent accounting developments in the September issue of the “Beyond the GAAP” Newsletter
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“Beyond the GAAP” Newsletter No.81 September 2014
After a short summer break, the IASB and the IFRS Interpretations Committee have returned to their work programme. September saw the publication of the Discussion Paper on rate-regulated activities and the continuation of discussions on the major insurance contracts and conceptual framework projects.
At the same time, the IFRS Interpretations Committee decided how best to document its observations on the application of IFRS 11. These will ultimately be formulated in a series of agenda decisions published in the IFRIC Update. The topics should be discussed at the November meeting with a view to finalisation in March. This should put an end to the discussions on the classification of project entities for IFRS 11.
Contents:
- IFRS Highlights
- Improvements to IFRSs – 2012-2014 Cycle
- Discussion Paper on rate-regulated activities
- Unit of account and quoted investments
- IFRS IC rules on the classification of fair value measurements received from third parties
- European Highlights
- EFRAG calls on the IASB to introduce a public fatal flaw review
- A Closer Look
- Publication of an amendment to IFRS 10 and IAS 28
- Events & FAQ
