François REY 🌍🍷

BDO summarises the requirements of the recent IASB Amendments in its latest report, IFRB 2024/07 IASB issues Amendments to the Classification and Measurement of Financial Instruments. Read more here: https://lnkd.in/dXxCEp9P Parag Patadiya, Muhammad Husnain Munawar & Aman Maheshwari #BDO #BDOUAE #IFRSupdates #AccountingStandards

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The International Accounting Standards Board (IASB) published its Exposure Draft 𝘌𝘲𝘶𝘪𝘵𝘺 𝘔𝘦𝘵𝘩𝘰𝘥 𝘰𝘧 𝘈𝘤𝘤𝘰𝘶𝘯𝘵𝘪𝘯𝘨—𝘐𝘈𝘚 28 𝘐𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵𝘴 𝘪𝘯 𝘈𝘴𝘴𝘰𝘤𝘪𝘢𝘵𝘦𝘴 𝘢𝘯𝘥 𝘑𝘰𝘪𝘯𝘵 𝘝𝘦𝘯𝘵𝘶𝘳𝘦𝘴 (𝘳𝘦𝘷𝘪𝘴𝘦𝘥 202𝘹) in September 2024. The proposals to revise IAS 28 might significantly affect entities that apply the equity method. Entities with loss-making associates or joint ventures and entities with transactions with associates or joint ventures might be particularly affected due to the clarifications and measurement changes proposed. Our IFR Bulletin 2024/10 provides a snapshot of the proposals along with a brief background of the proposals and illustrative examples. See: https://lnkd.in/ers-kKxS

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The International Accounting Standards Board (IASB) has today announced a public consultation on proposed amendments aimed at helping companies to account for their investments in associates and joint ventures. The proposals respond to stakeholders’ questions on how to apply the equity method. The proposed amendments add to and clarify how to apply the equity method by answering application questions the IASB has received over a number of years. The IASB is also proposing new disclosure requirements that will enhance the information companies provide about these investments. The IASB expects the proposed amendments will reduce diversity in practice and provide users of financial statements with more comparable and useful information. https://lnkd.in/d6x_kMqb.

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IFRS 18 is approaching ! BDO has published a new IFRS Accounting Standards In Practice publication. In Practice is our in-depth guide of various corporate reporting topics. This publication explores the requirements of IFRS 18, which was published earlier this year and is mandatorily effective for annual reporting periods beginning on or after 1 January 2027.   The publication is comprehensive and includes dozens of examples and insights into IFRS 18.   The publication may be accessed here:   https://lnkd.in/dMBpGVMU

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Discover KPMG’s practical guide to #IFRS Accounting Standards: The 21st edition of Insights into IFRS® is out now https://lnkd.in/gZXd96NQ #FinancialReporting

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Some thoughts on the future of financial accounting.

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The latest issue of ‘Beyond the GAAP’ looks into the changes and clarifications introduced by the amendments to IFRS 9 and IFRS 7 published by the IASB in May 2024. Read more here: https://lnkd.in/ggQ3FFEg #IFRS #IASB #financialreporting #audit

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BDO summarises the requirements of the recent IASB Amendments in its latest report, IFRB 2024/07 IASB issues Amendments to the Classification and Measurement of Financial Instruments. Learn more here: https://ow.ly/HvgB50Svx3R

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Baker Tilly has appointed Pitcher Partners leader Nick Bull as its new Global Head of Audit. He leads teams in 140+ countries » https://lnkd.in/eq-qj86k

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BDO has published its 31 December 2024 Illustrative IFRS Financial Statements. This update includes disclosures relating to the adoption of amendments to IAS 1, IAS 7 and IFRS 7 amongst others, as well as information about other standards that have been issued, but are not yet effective. Read more: https://ow.ly/auoN50UnXa8 #BDO #IFRS

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📢 Explore the May edition of BDO's Global Corporate Tax News! 🌎 Key updates: Saudi Arabia: From January 1, 2024, MNCs can benefit from a 30-year tax incentive package, including corporate and withholding tax exemptions. Pillar Two: Canada’s 2024 budget confirms global minimum tax implementation. Malta transposes EU minimum taxation directive. South Africa anticipates increased corporate tax revenue. Singapore introduces refundable investment credit to mitigate global minimum tax effects. Taxable Presence: Colombia issues guidance on significant economic presence rules effective January 1, 2024. An Indian tribunal rules physical presence is essential for services PE, excluding virtual service PE without relevant treaty provisions. 🌐 For more information, contact one of our BDO experts below: Kevin Doyle - [email protected] Sam Stiles - [email protected] Cian O'Sullivan - [email protected] Read here: https://lnkd.in/en-jRrHp #BDO #CorporateTax #GlobalTax #TaxUpdates #PillarTwo #TaxIncentives

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The International Accounting Standards Board (IASB) published Exposure Draft Equity Method of Accounting IAS 28 Investments in Associates and Joint Ventures (revised 202x) in September 2024. The Exposure Draft proposes a revision to IAS 28, which might significantly affect entities that apply the equity method. Entities with loss-making associates or joint ventures and entities with transactions with associates or joint ventures might be particularly affected due to the clarifications and measurement changes proposed by the Exposure Draft. BDO’s IFR Bulletin 2024/10 provides a snapshot of the proposals along with a brief background of the proposals and illustrative examples. https://lnkd.in/ers-kKxS #accounting #audit #financialreporting #Kuwait

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