BDO UAE’s Post

BDO has released IFR Bulletin 2024/08 summarising the activities in standard setting by the IASB during the first half of 2024. The Bulletin provides a concise list of standards and amendments that became effective during 2024 or will become effective in the coming years, including IFRS 18 and IFRS 19. It also provides a snapshot of IASB’s standard setting projects, maintenance projects and research projects as well as IFRS Interpretation Committee’s activities, including IFRIC agenda decisions. #BDO, #IFRS

BDO has released IFR Bulletin 2024/08 summarising the activities in standard setting by the IASB during the first half of 2024. The Bulletin provides a concise list of standards and amendments that became effective during 2024 or will become effective in the coming years, including IFRS 18 and IFRS 19. It also provides a snapshot of IASB’s standard setting projects, maintenance projects and research projects as well as IFRS Interpretation Committee’s activities, including IFRIC agenda decisions. #ifrs #bdo

This IFR Bulletin provides a concise overview of the IASB standard setting standards and amendments effective during 2024, including IFRS 18 and IFRS 19.

Whats the news? 🗞 The International Accounting Standards Board (IASB) has completed its post-implementation review of IFRS 15, the revenue recognition standard, concluding that it works as intended and provides valuable information for investors. What is the IASB? 👇 Issued in 2014, IFRS 15 was the first standard jointly developed with the US Financial Accounting Standards Board (FASB) to ensure consistent revenue recognition across global markets. Any negative findings? 🧐 Yes. While the overall feedback was favourable, the IASB has identified several areas needing further attention. The IASB plans to address these issues in its next agenda consultation, scheduled for late 2025, to ensure the standard meets investor needs without causing further disruption. #businessnews #financialadvice #brownandacoaccountants #ukaccountancy #northwestaccountants

BDO has released IFR Bulletin 2024/08 summarising the activities in standard setting by the IASB during the first half of 2024. The Bulletin provides a concise list of standards and amendments that became effective during 2024 or will become effective in the coming years, including IFRS 18 and IFRS 19. It also provides a snapshot of IASB’s standard setting projects, maintenance projects and research projects as well as IFRS Interpretation Committee’s activities, including IFRIC agenda decisions. For Australia AASB18 was issued in June 2024 so it needs to be considered, while the AASB is still considering IFRS 19.

IASB had issued IFRS 18 this week. The summary of the standard is below.

🎙️Seven years after the issuance of the latest Standard by the IASB (IFRS 17), 2024 is poised to witness the introduction of IFRS 18 and IFRS 19. But that's not the only highlight. Join Laura Kennedy, along with Marie Kling and Netta Mikkilä, as they delve into the IASB's agenda for setting standards in the coming year. #PwC #IFRS

🎙️Seven years after the issuance of the latest Standard by the IASB (IFRS 17), 2024 is poised to witness the introduction of IFRS 18 and IFRS 19. But that's not the only highlight. Join Laura Kennedy, along with Marie Kling and Netta Mikkilä, as they delve into the IASB's agenda for setting standards in the coming year. #PwC #IFRS

🚀 Stay Updated with IFRS Standards! 🚀 BDO has released IFR Bulletin 2024/08, summarising the latest activities in standard setting by the IASB for the first half of 2024. This bulletin covers new standards like IFRS 18 & IFRS 19, ongoing projects, and key IFRIC agenda decisions. 📊 Stay ahead in the world of corporate reporting and ensure compliance with the latest updates. 📈 https://lnkd.in/gRDW23yG #IFRS #CorporateReporting #BDO #AccountingStandards

🎙️Seven years after the issuance of the latest Standard by the IASB (IFRS 17), 2024 is poised to witness the introduction of IFRS 18 and IFRS 19. But that's not the only highlight. Join Laura Kennedy, along with Marie Kling and Netta Mikkilä, as they delve into the IASB's agenda for setting standards in the coming year. #PwC #IFRS