Additional performance measures
For many years, regulators and standard-setters have debated how entities should best present financial performance and not mislead the user.
Bin the clutter
The effects of clutter have typically come in for little consideration by the preparers of annual reports. However, the phenomenon is increasingly under discussion, with initiatives recently launched to combat it.
Concepts of profit or loss and other comprehensive income
This article explains the current rules and the conceptual debate as to where in the statement of comprehensive income, profits and losses should be recognised – ie when should they be recognised in profit or loss and when in the other comprehensive income. Further, it explores the debate as to whether it is appropriate to recognise profits or losses twice.
Giving investors what they need
This article looks at how reporting capital structure is challenging, but markets are keen for the information.
IAS 21 – does it need amending?
This article examines the issues raised by IASB research that referred to a KASB study into whether IAS 21 needs amending.
IFRS 13, Fair value measurement
IFRS 13 has required a significant amount of work by entities to simply understand the nature of the principles and concepts involved.
Impairment of financial assets
This article considers the International Accounting Standards Board’s proposals of new regulations for the impairment of financial assets.
This article considers the relevance of information provided by different measurement methods and explains the effect that they may have on the financial statements.
Profit, loss and other comprehensive income
This article looks at what differentiates profit or loss from other comprehensive income and where items should be presented.
This two-part article considers the application of IFRS 15, Revenue from Contracts with Customers using the five-step model.
The definition and disclosure of capital
This article is structured in two parts – first, it considers what might be included as the capital of a company and, second, why this distinction is important for the analysis of financial information.
The integrated report framework
In 2013, the International Integrated Reporting Council (IIRC) released a framework for integrated reporting. The framework establishes principles and concepts that govern the overall content of an integrated report.