Beyond the GAAP newsletter
Each month, the newsletter Beyond the GAAP aims at keeping readers informed of financial and sustainability reporting developments.
Latest issues.
Beyond the GAAP No. 194 - December 2024
Happy New Year from the Beyond the GAAP editorial team! The year 2024 concluded with the publication of targeted amendments to IFRS 9 and IFRS 7, aimed at contracts referencing nature-dependent electricity, often structured as PPAs (Power Purchase Agreements) or VPPAs (Virtual Power Purchase Agreements). These eagerly awaited amendments are detailed in this issue.
Beyond the GAAP No. 195 - January 2025
As companies subject to the reporting obligations of the CSRD (Corporate Sustainability Reporting Directive) in 2025 prepare to publish their first sustainability statements in accordance with ESRS standards, the new European Commission's roadmap for the next five years, referred to as a "compass" for EU competitiveness, aims in particular to reduce the regulatory and administrative burden on companies. The CSRD, the Taxonomy Regulation and the CSDDD (Corporate Sustainability Due Diligence Directive) should be affected by the announced simplification shock. The so-called "omnibus" proposal will be known on February 26.
Beyond the GAAP no. 193 – November 2024
As 2024 year-end closing approaches, Beyond the GAAP presents our traditional overview of the texts published by the IASB, taking account of their endorsement process at European level. We have identified those texts that are mandatory, as well as those that are optional at this year-end.
Beyond the GAAP no. 192 – October 2024
With a few weeks to go until the 2024 year-end, the European market regulator, ESMA, has published its recommendations for 2024 reporting. These cover both IFRS financial reporting and the first ESRS sustainability statements. This issue includes special features on both sets of recommendations.
Beyond the GAAP no. 191 – September 2024
The IASB continues to be very busy with standard-setting work around the topic of financial instruments, with redeliberations ongoing on the proposed amendments to the rules on PPA and VPPA contracts, and the launch of a research project on amortised cost measurement. It has also begun new projects to clarify or improve some older standards, publishing an exposure draft to address application questions relating to the equity method (IAS 28) and launching another research project on the statement of cash flows (IAS 7).