How Will Valuations Be Performed Following IFRS 18
It appears that the prevailing corporate valuation model will be adjusted in light of the change in its starting point-operating
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12 New GAAP Gaps (at least) Expected to Emerge in 2027 Following the Adoption of IFRS 18
While the inclusion of Management-Defined Performance Measures (MPMs) within the financial statements has received significant attention, IFRS 18 introduces another
Approaching the initial application of IFRS 18: Agile Accounting Planning Can Lead to Growth in Equity and Profitability
Following the absurdity expected to arise upon the initial application of IFRS 18, an amendment to IAS 28 was swiftly completed
IFRS 18 Implementation Issues: Operating Profit is too Important to be Defined as a Residual Category
In line with statements that preceded the publication of the IFRS 18 and its accompanying explanatory notes, operating profit was
An Opportunity to Correct the Derivative-on-Derivative Distortion in IAS 32: A Forward Contract to Issue an “Equity Option” should be Classified as Equity, not as a Financial Derivative
The anticipated amendment to IAS 32, which addresses the critical distinction between equity and financial liabilities, should tackle a fundamental
The IASB’s Quick Fix for the Distortion Created by IFRS 18 in the Presentation of Operating Profit in Entities Whose Primary Business Activity is Investment in Assets
A fast-track amendment to IAS 28 will allow the designation of investments in associates and joint ventures at fair value through
Advancing Toward an Economic Principle for Cash Flow Reporting: How to Prevent Distortions and Manipulations in the Statement of Cash Flows
The statement of cash flows currently contains numerous distortions resulting from a view that the presentation of cash flows is
Classification Inconsistency in Equity Method Results under IFRS 18: Further Evidence—The Case of Separate Financial Statements
An IFRS Interpretations Committee staff paper provides further evidence of potential inconsistency arising from the requirement under IFRS 18 to
How Should a Statement of Cash Flows be Presented Following IFRS 18
It is appropriate to undertake a fresh reconsideration of the relevance of the current structure of the statement of cash
The Crypto Industry: Current Accounting Standards Lead to Inflated Statement of Profit or loss
Companies engaged in crypto asset trading that are publicly traded in the United States currently report their revenue from trading