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
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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
Inherent Distortion in IFRS 18: the Expected Impact on Operating Results of Companies Whose Main Business Activity Includes Investing in Associates and Joint Ventures Accounted for Using the Equity Method
Companies that Invest in associates and joint ventures accounted for using the equity method as part of their main business
Off-Balance Sheet Financing: The Proposed Amendment to IAS 37 Demonstrates the Need to Recognise a Liability for the Acquisition of an Asset in Exchange for Performance-Based Contingent Consideration
Currently, IFRS does not provide an answer to the fundamental question of whether a financial liability arises from an obligation
The Missing Twist in the New Proposal for Amendments to IAS 28 on the Equity Method
The New ED Proposal deliberately avoids fundamental issues of what exactly is significant influence and whether the equity method is