Contract modifications under IFRS 9 Financial Instruments
This short guide outlines the accounting implications of contract modifications to financial liabilities together with an illustrative example.
The Financial Reporting Faculty regularly produces FAQs on areas of general interest. We answer your initial questions on IFRS topics, and guide you to any other relevant resources that are available.
This short guide outlines the accounting implications of contract modifications to financial liabilities together with an illustrative example.
A guide to the accounting implications of changes to contracts with customers as a result of the pandemic.
In this guide the Financial Reporting Faculty looks at what is different about the current reporting season and where to focus your efforts.
18 June 2020: Amendments to IFRS 16 Leases to help lessees account for rent concessions as a result of the Coronavirus pandemic.
Factors to consider to help determine whether events are adjusting or non-adjusting in the accounts.
A short guide on the impact for entities with 2019 and early 2020 year-ends preparing accounts in accordance with IFRS or the IFRS for SMEs.
Financial Reporting Faculty updates you on IFRS 16 Leases which replaced IAS 17 Leases. IFRS 16 Leases came into effect for accounting periods beginning on or after 1 January 2019.