• Insights

Displaying 1 - 3 of 3
1
15 August 2017

The guidance in IFRS 16 is aligned with the new revenue recognition guidance in IFRS 15. This is relevant for sale and leaseback transactions, where it is considerably less likely that a sale and leaseback will be recorded, with the asset being retained on balance sheet and the proceeds of the...

/en-gb/insights/audit-assurance/ifrs/ifrs-16-leases
15 August 2017

IFRS 15 requires the identification of all goods and services that meet specific criteria to be regarded as being ‘distinct’.  In practice, this can result in the identification of separate goods and service that were not previously accounted for separately and a requirement to allocate specific...

/en-gb/insights/audit-assurance/ifrs/ifrs-15-revenue-from-contracts-with-customers
30 July 2017

Although it is true the most significant effects will be in the financial sector, the new requirements affect entities across all industries.  The new forward looking expected credit loss impairment model may require significant changes to systems and processes, with provisions being greater in...

/en-gb/insights/audit-assurance/3rd-qtr-2016-assurance/ifrs-9-financial-instruments
Displaying 1 - 3 of 3
1