Новости

IFRS Foundation will evaluate its intellectual property

The IFRS Foundation launched a tender to commission a group of valuators with a task to evaluate its intellectual property.

GAAP-IFRS.COM Digest: 1-5 September

Minfin taking SWIFT under special control

The Ministry of Finance is taking the Society for Worldwide Interbank Financial Telecommunications (SWIFT) under special control, preparing amendments to the law “On the national payments system”. According to the amendments being proposed, together with Bloomberg and Reuters, SWIFT will be recognized as a “service operator of a critically important infrastructure”.

IASB Chairman Hans Hoogervorst on dangers of ignoring unrealized income

Chairman of the International Accounting Standards Board Hans Hoogervorst delivered a speech recently at the IFRS conference in Tokyo. As usual, he stated with positive moments, which are mostly in fast spreading of IFRSs around the world – and in Japan in particular. The recent publication of Japanese new IFRS-converged standards was very important in that respect.

More news on additional sanctions

The European Union wants to prohibit Russian oil companies under control of the state to raise funds on European capital markets. Among other media sources, this is indicated today by The Financial Times.

Russia’s 19 “too big to fail” ones

The Central Bank drew up a list of systemic banks which are too important and will be saved at all costs. This becomes especially relevant in connection to newer sanctions being adopted against Russia.

EFRAG presented results of its research on the role of business models in financial statements

In December 2013 the European Financial Reporting Advisory Group (EFRAG), Autorité des Normes Comptables (ANC), and the Financial Reporting Council (FRC) published their joint discussion document “The Role of the Business Model in Financial Statements”. Today they are ready to share the conclusions they’ve made so far.

Malaysia decides on transition dates for its agricultural entities and real estate developers

The Malaysian Accounting Standards Board (MASB) informed recently that its “transitioning entities” - which in this case means entities working in the agricultural sector and real estate development - would have to adopt new accounting standards (MFRS) starting from 1 January 2017.

IVSC proposes new valuation standard on derivatives

The International Valuation Standards Council has been working on valuation of derivative instruments for a long time already. Today it presents a draft version of its new guidance. This one is the second because the first draft is said to have been issued at the end of last year.

EU deciding on the next set of sanctions against Russia

Disconnection from SWIFT is still a possibility, although for now European government authorities are discussing further limitations to the oil and gas sector of the economy and purchasing Russian federal bonds.