Insights

The International Accounting Standards Board (IASB) has introduced IFRS 18, Presentation and Disclosure in Financial Statements, which replaces IAS 1, aiming to improve communication and comparability in financial statements. Effective for reporting periods beginning on or after 1 January 2027, IFRS 18 introduces substantial changes, particularly in the statement of profit or loss, to address the lack of detailed guidance in the previous standard.

Climate change is a pressing global issue that has far-reaching implications across various sectors. As the world grapples with the transition to a more sustainable future, businesses and investors need to consider the financial reporting implications of climate-related risks and opportunities. This article explores the impact of climate change on financial reporting and highlights the challenges and opportunities it presents.

There are no explicit requirements that address the accounting for mandatory emissions trading schemes, including mandatory carbon credits, or for voluntary carbon credits. This article explores the approaches that can be taken when accounting for emissions trading schemes.

The European Sustainability Reporting Standards (ESRS) and the International Sustainability Standards Board (ISSB) are two organisations that are developing sustainability reporting standards. These are the similarities and differences between the standards developed by the European Commission and the International Financial Reporting Standards (IFRS) Foundation.

The classification of financial instruments as either debt or equity has significant implications for the presentation and measurement on the balance sheet and income statement. This article outlines the various factors you should consider when making your assessment.

SGX’s framework for Special Purpose Acquisition Companies provides companies an alternative route to raise capital. But SPAC transactions can give rise to unique financial reporting and accounting issues under Singapore Financial Reporting Standards (International) (SFRS(I)s). In this piece, we break down what a SPAC is and key accounting considerations in SPAC transactions.

This article analyses some of accounting considerations that companies need to keep in perspective to avoid potentially undesirable and unforeseen effects on financial statements.