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How to Make Hedging Documentation

If your company enters into some derivatives or other contracts to protect against any (potentially adverse) changes in cash flows or fair values, then it’s probably beneficial to apply hedge accounting. I wrote a few articles about hedge accounting, therefore if you need to refresh…

Troubles with IFRS 16 Leases

The new lease standard IFRS 16 can initially cause some troubles to the affected companies, because it introduces huge changes in the lessee’s accounting for leases. It was issued in January 2016 and we have to apply it for the periods starting 1 January 2019…

Top IFRS Changes for 2016 and Later

The guys in the IASB (International Accounting Standards Board) are working very hard – it’s evident from lots of new standards, interpretations and amendments produced every year. In today’s article, I’d like to sum up the main changes in IFRS adopted in the past years…

The Best of IFRSbox 2016

My all dear readers, without YOU there would be no IFRSbox! Let me thank you for your continuous support throughout the year 2016, especially for: Asking me so many good questions in the comments below my articles, Sharing my articles with your friends via social…

How to Implement IFRS 9

The new IFRS 9 Financial Instruments will replace the older standard IAS 39 in January 2018 and it practically means that if you are affected, you need to start getting ready NOW. Why? Because your comparative period starts in January 2017 and you will need…

IFRS 16 Leases – Summary

In January 2016, the new standard about lease accounting IFRS 16 was issued and it introduced a few major changes. The most significant are: New definition of the lease can cause that some contracts previously treated as “service contracts” can now be treated as “lease…

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