Showing 16 of 48 content results
Sustainability The European Sustainability Reporting Standards v. International Sustainability Standards Board: What are the differences?
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.
IFRS Liability or equity? Classification of financial instruments as debt or equity under IFRS
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.
IFRS IFRS Alerts
The International Accounting Standards Board (IASB) regularly publishes new International Financial Reporting Standards (IFRS), Interpretations of Standards (IFRIC) or amendments to existing IFRS Standards.
Sustainability International Sustainability Standards Board (ISSB) provides further transitional reliefs for first year reporting
The International Sustainability Standards Board (ISSB) decided to add to the transitional reliefs already proposed in relation to the adoption of its first two Sustainability Standards – IFRS S1 ‘General Requirements for Disclosure of Sustainability-related Financial Information’ and IFRS S2 ‘Climate-related Disclosures’.
Sustainability What are sustainability scope 1, 2 and 3 emissions?
Green House Gas (GHG) emissions are classified into categories of Scope 1, Scope 2 or Scope 3. This is a way of grouping emissions between those created by the company and those created by its wider value chain.
INTERNATIONAL FINANCIAL REPORTING STANDARDS IAS 36 - Presentation and disclosure requirements
This article provides a summary of the IAS 36 disclosure requirements and highlights particular areas of focus for regulators, including select illustrative examples for these areas of focus.
Sustainability International Sustainability Standards Board confirms effective date of new Standards
The International Sustainability Standards Board (ISSB) confirms the effective date of its new Standards
IFRS Navigating the changes to IFRS 2023
This publication is designed to give preparers of IFRS financial statements a high-level awareness of recent changes to International Financial Reporting Standards. It covers both new Standards and Interpretations that have been issued and amendments made to existing ones.
IFRS Example Financial Statements 2022
We are pleased to share Example consolidated financial statements 2022 to assist you in your preparation of your financial statements inline with the latest International Financial Reporting Standards (IFRS) changes.
Digital tokens The meaning of life, tax and the digital universe - an APAC perspective
Digital tokens, such as cryptocurrencies and NFTs, have established themselves as a new asset class in less than a decade. In this webinar, a panel of Grant Thornton tax Partners from Singapore, Australia, Hong Kong and India will discuss the impact digital tokens are having on tax (and vice versa) in their jurisdictions, and try to help decode some of the fundamental tax and accounting issues for players operating in this new universe.
INTERNATIONAL FINANCIAL REPORTING STANDARDS IAS 36 - Recognising impairment losses
This article focuses on part of this step; recognition of impairment losses. For reversing impairment losses refer to our article ‘Insights into IAS 36 – Reversing impairment losses’.
INTERNATIONAL FINANCIAL REPORTING STANDARDS IAS 36 - Comparing recoverable amount with carrying amount
This article discusses when there are exceptions to the rule of comparing recoverable amount with carrying amount, which is step 5 in the impairment review process.
FRAS Financial reporting and accounting for Special Purpose Acquisition Companies (SPACs)
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.