Accounting and corporate reporting
PwC guidance
IFRS 9 impairment: Revolving credit facilities and expected credit losses - PwC In depth
Many banks grant revolving credit facilities to their customers, such as credit cards and overdraft facilities. Due to their unique nature, IFRS 9 contains some specific impairment requirements, which give rise to some complex issues, both conceptually and in practice. Whilst industry thinking will almost inevitably continue to evolve, this publication brings together our latest thinking on this topic.
PwC guidance
IFRS 9 impairment: Revolving credit facilities and expected credit losses - PwC In depth
Many banks grant revolving credit facilities to their customers, such as credit cards and overdraft facilities. Due to their unique nature, IFRS 9 contains some specific impairment requirements, which give rise to some complex issues, both conceptually and in practice. Whilst industry thinking will almost inevitably continue to evolve, this publication brings together our latest thinking on this topic.
Achieving hedge accounting in practice under IFRS 9 - PwC In depth
This publication answers the questions we are asked most often by corporates applying IFRS 9's hedge accounting rules for a range of hedging strategies commonly used in practice. As entities work through the detail of the standard, they have found it more challenging and complex than they initially expected. We have therefore developed this guide to help navigate the complexity and show entities how to achieve hedge accounting in a wide range of situations, with worked examples and helpful tips too.
This publication answers the questions we are asked most often by corporates applying IFRS 9's hedge accounting rules for a range of hedging strategies commonly used in practice. As entities work through the detail of the standard, they have found it more challenging and complex than they initially expected. We have therefore developed this guide to help navigate the complexity and show entities how to achieve hedge accounting in a wide range of situations, with worked examples and helpful tips too.
IFRS 9 Impact on the pharmaceutical industry - PwC In depth
IFRS 9 will impact the pharmaceutical industry and, with an effective date of 1 January 2018, it is fast approaching. Pharmaceutical entities hold a number of financial instruments arising from their core operations (trade receivables), from risk management activities (foreign exchange and interest rate hedges), or cash management and investing activities (bonds and equity investments). The trend of complex financing structures and royalty arrangements has seen an increased focus on financial instruments in the industry. All financial assets need to be carefully assessed, to understand the classification and impairment implications. This In depth discusses some of the more significant impacts on entities within the pharmaceutical and life sciences industry.
IFRS 9 will impact the pharmaceutical industry and, with an effective date of 1 January 2018, it is fast approaching. Pharmaceutical entities hold a number of financial instruments arising from their core operations (trade receivables), from risk management activities (foreign exchange and interest rate hedges), or cash management and investing activities (bonds and equity investments). The trend of complex financing structures and royalty arrangements has seen an increased focus on financial instruments in the industry. All financial assets need to be carefully assessed, to understand the classification and impairment implications. This In depth discusses some of the more significant impacts on entities within the pharmaceutical and life sciences industry.
Tools, practice aids and publications
IFRS year end accounting reminders - December 2017
The 31 December 2017 IFRS year end accounting reminders is a publication that outlines the IFRS reporting requirements as at 31 December 2017. It the standards that apply at this date; and the standards are published but effective at later dates and hence required to be disclosed plus a summary of the latest topical issues.
IFRS year end accounting reminders - December 2017
The 31 December 2017 IFRS year end accounting reminders is a publication that outlines the IFRS reporting requirements as at 31 December 2017. It the standards that apply at this date; and the standards are published but effective at later dates and hence required to be disclosed plus a summary of the latest topical issues.
PwC's IFRS 15 the basics – Step 2 – Identify the performance obligation in the contract – PwC video
Need to identify performance obligations in a contract with a customer? This short video series intends to quickly help you with the key steps in IFRS 15. After our first two videos, the third video covers “step 2” in the so-called “5 step model” in IFRS 15. Having watched this video, you will understand how to identify the performance obligations.
Need to identify performance obligations in a contract with a customer? This short video series intends to quickly help you with the key steps in IFRS 15. After our first two videos, the third video covers “step 2” in the so-called “5 step model” in IFRS 15. Having watched this video, you will understand how to identify the performance obligations.
Applying IFRS for the real estate industry - PwC publication
This interactive publication considers the main accounting issues encountered by real estate entities and the practices adopted in the industry under IFRS. It specifically considers entities whose business model is to construct and manage real estate as opposed to those entities engaged in the construction or development of real estate principally for sale or otherwise own use. The publication is based on the experience gained from the worldwide leadership position of PwC in the provision of services to the real estate industry.
This interactive publication considers the main accounting issues encountered by real estate entities and the practices adopted in the industry under IFRS. It specifically considers entities whose business model is to construct and manage real estate as opposed to those entities engaged in the construction or development of real estate principally for sale or otherwise own use. The publication is based on the experience gained from the worldwide leadership position of PwC in the provision of services to the real estate industry.
PwC's Demystifying IFRS 9 Impairment - 15. Disclosures in 2017 year end and 2018 interim financial reports – PwC video
This latest Demystifying IFRS 9 video, looks at IFRS 9 implementation disclosures in banks' 2017 year end and 2018 interim reports and transition documents. For more information also see our In depth.
This latest Demystifying IFRS 9 video, looks at IFRS 9 implementation disclosures in banks' 2017 year end and 2018 interim reports and transition documents. For more information also see our In depth.
PwC IFRS Talks – Episode 15: IAS 7 Cash Flow Statements
PwC released the 15th episode of the new podcast series. In this series PwC professionals will help you to keep up to date and share their perspectives on an increasingly complex financial reporting environment. The 15th episode is 20 minutes of the latest IFRS News from leading IFRS Partners. IAS 7 Cash Flows Statement: top tips, common pitfalls and upcoming disclosure changes. Subscribe to our iTunes channel to receive more podcasts in the series. 20 minutes, twice a month will keep you up to date with IFRS.
PwC released the 15th episode of the new podcast series. In this series PwC professionals will help you to keep up to date and share their perspectives on an increasingly complex financial reporting environment. The 15th episode is 20 minutes of the latest IFRS News from leading IFRS Partners. IAS 7 Cash Flows Statement: top tips, common pitfalls and upcoming disclosure changes. Subscribe to our iTunes channel to receive more podcasts in the series. 20 minutes, twice a month will keep you up to date with IFRS.
IFRS overview 2017 - now available
Our IFRS overview (formerly 'IFRS pocket guide') provides a summary of the recognition and measurement requirements of International Financial Reporting Standards published up to October 2017. This quick-reference guide is intended for a variety of audiences, including finance directors, financial controllers and other members of the finance team, as well as broader management, actuaries, lawyers, merchant bankers and analysts.
Our IFRS overview (formerly 'IFRS pocket guide') provides a summary of the recognition and measurement requirements of International Financial Reporting Standards published up to October 2017. This quick-reference guide is intended for a variety of audiences, including finance directors, financial controllers and other members of the finance team, as well as broader management, actuaries, lawyers, merchant bankers and analysts.
- Dynamic risk management
- Improvements to IFRS 8
- Primary financial statements
- Wider corporate reporting
- Subsidiary as a first-time adopter (IFRS 1,' First-time adoption of IFRS') - Agenda Paper 6
- Costs considered in assessing whether a contract is onerous (IAS 37,' Provisions, contingent liabilities and contingent assets) - Agenda Paper 5
Committee’s tentative agenda decisions
- Presentation of interest revenue for particular financial instruments (IFRS 9, 'Financial instruments' and IAS 1,' Presentation of financial statements') - Agenda Paper 3
- Revenue recognition in a real estate contract that includes the transfer of land (IFRS 15,' Revenue from contracts with customers') - Agenda Paper 2A
- Right to payment for performance completed to date (IFRS 15, 'Revenue from contracts with customers') - Agenda Paper 2B
Committee’s agenda decisions
- Acquisition of a group of assets (IFRS 3,' Business combinations') - Agenda Paper 4
Other matters
- Committee work in progress - Agenda Paper 7
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