Agenda Item 7: Financial Instruments
|
|
|
- Douglas Heath
- 5 years ago
- Views:
Transcription
1 Agenda Item 7: Financial Instruments Ross Smith, Principal December 6-9, 2016 IPSASB Meeting Stellenbosch, South Africa Page 1 Proprietary and Copyrighted Information
2 Session Outline Project management ( ) ED development and specific issues ( ) Instructions from September 2016 Meeting Actioned (7.2.5) Draft ED (7.10) any additional comments CAG Update Page 2 Proprietary and Copyrighted Information
3 7.1.1 Project Management September 2016: Agreed classification & measurement December 2016: Review & agree-hedging, transition, & BCs March 2017: Approval of authoritative guidance & amendments to other IPSASs April 2017 TBG Meeting: April at The Royal Netherlands Institute of Chartered Accountants June 2017: Approval of draft ED Page 3 Proprietary and Copyrighted Information
4 7.1.2 Decisions from September Recap Topic Approach & Terminology Classification Model IPSASB Agreement Key points of discussion Revenue, fair value, management model Principle-based guidance Measurement Model Outcome of classification; fair value Expected Credit Loss Impairment Model Applicability to public sector Page 4 Proprietary and Copyrighted Information
5 7.2.1 ED Development Hybrid Instruments (1/4) What is a hybrid instrument Differences in accounting IPSAS 29 ED (IFRS 9) Separation (bifurcation) assessment No bifurcation If required to separate, account for embedded Classify & account for in entirety derivatives on a stand-alone basis Option to account for entire instrument at fair value through surplus or deficit Application of guidance consistent with other F.I.s Page 5 Proprietary and Copyrighted Information
6 7.2.1 ED Development Hybrid Instruments (2/4) New requirements introduced due to: Significant cost and effort in identifying and separating embedded derivatives Reliability of estimating fair value of embedded components Entities often designate at fair value through surplus and deficit for simplicity Page 6 Proprietary and Copyrighted Information
7 7.2.1 Hybrid Instruments Puttable Instruments (3/4) What are puttable instruments? Capital subscriptions with redemption features Classification & Measurement proposed in ED (holder): Financial asset equity or debt SPPI & Management model Fair value measurement often redemption price Page 7 Proprietary and Copyrighted Information
8 7.2.1 Hybrid Instruments Concessionary Loans with Contingent Payment Features (4/4) Concessionary loans A) Terms that give rise to fixed and determinable cash flows Basic lending arrangement pass SPPI amortized cost possible B) Terms that give rise to contingent cash flows Unpredictable cash flows likely fail SPPI fair value through surplus or deficit Fair value more faithfully reflects uncertainty in timing and amount of cash flows Amortized cost provides less relevant information and is challenging to implement in this case Matter for consideration: Does the IPSASB agree with the proposals for hybrid instruments in the ED? Page 8 Proprietary and Copyrighted Information
9 7.2.2 ED Development Hedge Accounting Principle-based requirements Hedging Instruments Hedged Items Hedge Effectiveness Test More inclusive: permits non-derivative FIs at fair value through surplus/deficit More inclusive: permits risk components of nonfinancial items and synthetic and net positions More principle-based: removal of quantitative thresholds and retroactive testing, and permits use of existing risk management documentation Option for entities to continue to apply hedge accounting requirements in IPSAS 29 Matter for consideration: Does the IPSASB agree with the hedge accounting proposals in the ED? Page 9 Proprietary and Copyrighted Information
10 7.2.3 ED Development Transition Paragraphs of ED Early adoption permitted Not required to restate comparatives Removed option for early adoption of own-credit provisions Matter for consideration: Does the IPSASB agree with the transition proposals in the ED? Page 10 Proprietary and Copyrighted Information
11 7.2.4 ED Development Basis for Conclusions (Appendix D) Approach for retaining modifications made in IPSAS 29 (BC 4) IPSAS 29 BCs are appropriate to retain (BC 6-11) Public sector issues/modifications agreed by IPSASB Equity instruments arising from non-exchange transactions (BC 12) Public sector securitizations (BC 13) Applicability of new impairment provisions to public sector entities (BC 14) Matter for consideration: Does the IPSASB agree with the BCs developed to date? Page 11 Proprietary and Copyrighted Information
12 7.2.5 Instructions from September Actioned BC - replacing income with revenue (BC 5) Concessionary loans vs. credit impaired assets Removal of additional paragraph proposed in September Public sector securitizations AG33 and BC 13 noting possibility of financial liability to arise Matter for consideration: Does the IPSASB agree with the proposed actions? Page 12 Proprietary and Copyrighted Information
13 CAG Update Page 13 Proprietary and Copyrighted Information
14
Financial Instruments (Updates to IPSAS 28-30)
Meeting: Meeting Location: International Public Sector Accounting Standards Board Stellenbosch, South Africa Meeting Date: December 6-9, 2016 Agenda Item 7 For: Approval Discussion Information Financial
Agenda Item 5: Financial Instruments (Updates to IPSAS 28-30)
Agenda Item 5: Financial Instruments (Updates to IPSAS 28-30) Dave Warren, Manager, Standards Development and Technical Projects Ross Smith, Deputy Director IPSASB Meeting Toronto, Canada June 19 22, 2018
Financial Instruments (Updates to IPSAS 28-30)
Financial Instruments (Updates to IPSAS 28-30) Dave Warren, Manager, Standards Development and Technical Projects Ross Smith, Deputy Director IPSASB Meeting March 6-9, 2018 New York, USA Page 1 Proprietary
Table 1 IPSAS and Equivalent IFRS Summary 2
IPSASB Meeting ( 2018) Agenda Item 1.6 IPSAS IFRS Alignment 1 Dashboard Table 1 IPSAS and Equivalent IFRS Summary 2 IPSAS IFRS Status IPSAS IFRS Status IPSAS IFRS Status 1, Presentation of Financial Statements
Table 1 IPSAS and Equivalent IFRS Summary 2
Agenda Item 1.7 IPSAS IFRS Alignment 1 Dashboard Table 1 IPSAS and Equivalent IFRS Summary 2 IPSAS IFRS Status IPSAS IFRS Status IPSAS IFRS Status 1, Presentation of Financial Statements IAS 1 18, Segment
Table 1 IPSAS and Equivalent IFRS Summary*
Agenda Item 13.3.2 IPSAS IFRS Alignment Dashboard Table 1 IPSAS and Equivalent IFRS Summary* IPSAS IFRS Status IPSAS IFRS Status IPSAS IFRS Status 1, Presentation of Financial Statements IAS 1 17, Property,
Agenda Item 12: Public Sector Measurement
Agenda Item 12: Public Sector Measurement David Watkins and Gwenda Jensen IPSASB Meeting Toronto, Canada June 19 22, 2018 Page 1 Proprietary and Copyrighted Information Overview Introduction 1. Flow chart
Table 1 IPSAS and Equivalent IFRS Summary 1
Agenda Item 1.6 IPSAS IFRS Alignment Dashboard Table 1 IPSAS and Equivalent IFRS Summary 1 IPSAS IFRS Status IPSAS IFRS Status IPSAS IFRS Status 1, Presentation of Financial Statements IAS 1 17, Property,
Financial Instruments
Exposure Draft 62 August 24, 2017 Comments due: December 31, 2017 Proposed International Public Sector Accounting Standard Financial Instruments This document was developed and approved by the International
Agenda Item 1.7: IPSAS-IFRS Alignment Dashboard
Agenda Item 1.7: IPSAS-IFRS Alignment Dashboard João Fonseca, Principal IPSASB Meeting Washington D.C., USA March 12 15, 2019 Page 1 Proprietary and Copyrighted Information Agenda Item 1.7 Outline Change
IPSAS 40, Public Sector Combinations
Final Pronouncement January 2017 International Public Sector Accounting Standard IPSAS 40, Public Sector Combinations This document was developed and approved by the International Public Sector Accounting
Agenda Item 5: Social Benefits
Agenda Item 5: Social Benefits Paul Mason, Principal IPSASB Meeting September 18 21, 2018 Toronto, Canada Page 1 Proprietary and Copyrighted Information Scope and Definitions (Agenda Item 5.2.1) Social
SUMMARY OF IASB WORK PLAN AS AT 14 NOVEMBER 2017
SUMMARY OF IASB WORK PLAN AS AT 14 NOVEMBER 2017 Page Standard-setting and Related Projects... 2 Conceptual Framework... 2 Disclosure Initiative Definition of Materiality... 3 Rate-regulated Activities...
Agenda Item 11: Grants and Other Transfers Time Requirements
Agenda Item 11: Grants and Other Transfers Time Requirements Joanna Spencer Manager, Standards Development and Technical Projects IPSASB Meeting Kuala Lumpur, Malaysia December 4 7, 2018 Page 1 Proprietary
Public Sector Combinations
Exposure Draft 60 January 2016 Comments due: June 30, 2016 Proposed International Public Sector Accounting Standard (IPSAS ) Public Sector Combinations This document was developed and approved by the International
Improvements to IPSASs. 1. To review and approve proposed changes to certain IPSASs following the review and evaluation of:
Meeting: Meeting Location: International Public Sector Accounting Standards Board Toronto, Canada Meeting Date: June 24-27, 2014 Objective of Agenda Item Improvements to IPSASs Agenda Item 7 For: Approval
Public Sector Combinations
Paul Mason, Principal IPSASB Meeting September 20-23, 2016 Toronto, Canada Page 1 Proprietary and Copyrighted Information Where did the respondents come from? (Agenda Item 9.3.1) Key Accountancy Firm Audit
Agenda Item 13.2: IPSAS IFRS Alignment Dashboard
Agenda Item 13.2: IPSAS IFRS Alignment Dashboard João Fonseca, Principal IPSASB Meeting Toronto, Canada June 19 22, 2018 Page 1 Proprietary and Copyrighted Information Agenda Item 13.2 IPSAS IFRS Alignment
SUMMARY OF IASB WORK PLAN AS AT 18 MAY 2017
SUMMARY OF IASB WORK PLAN AS AT 18 MAY 2017 Page Standard-setting and Related Projects... 2 Conceptual Framework... 2 Disclosure Initiative Materiality Practice Statement... 3 Disclosure Initiative Definition
Item 9: Revenue Update of IPSAS 23
Item 9: Revenue Update of IPSAS 23 Paul Mason, Principal Joanna Spencer, Manager, Standards Development and Technical Projects IPSASB Meeting September 18 21, 2018 Toronto, Canada Page 1 Proprietary and
SUMMARY OF IASB WORK PLAN AS AT 15 FEBRUARY 2018
SUMMARY OF IASB WORK PLAN AS AT 15 FEBRUARY 2018 Page Standard-setting and Related Projects... 2 Conceptual Framework... 2 Disclosure Initiative Definition of Materiality... 3 Management Commentary...
Exposure Draft 66 August 2018 Comments due: October 22, Proposed International Public Sector Accounting Standard
Exposure Draft 66 August 2018 Comments due: October 22, 2018 Proposed International Public Sector Accounting Standard Long-term Interests in Associates and Joint Ventures (Amendments to IPSAS 36) and Prepayment
IPSAS Update. Task Force on Accounting Standards Meeting. Financial instruments ED 62. Bekzod Rakhimov 2-3 October 2017, Rome
IPSAS Update Financial instruments ED 62 Task Force on Accounting Standards Meeting Bekzod Rakhimov 2-3 October 2017, Rome Background to ED The IPSASB issued IPSAS 28 Financial Instruments: Presentation,
Comments on the Exposure Draft 62 Financial Instruments
The Japanese Institute of Certified Public Accountants 4-4-1 Kudan-Minami, Chiyoda-ku, Tokyo 102-8264, Japan Phone: 81-3-3515-1129 Fax: 81-3-3515-1167 Email: hieirikaikei@sec.jicpa.or.jp December 28, 2017
IPSAS 41, Financial Instruments
Final Exposure Pronouncement Draft 62 August 2018 24, 2017 Comments due: December 31, 2017 International Public Sector Accounting Standard IPSAS 41, Financial Instruments This document was developed and
Agenda Item 11: Grants and Other Transfers Time Requirements
Agenda Item 11: Grants and Other Transfers Time Requirements Joanna Spencer Manager, Standards Development and Technical Projects IPSASB Meeting Kuala Lumpur, Malaysia December 4 7, 2018 Page 1 Proprietary
Public Sector Specific Financial Instruments
Meeting: IPSASB Consultative Advisory Group Agenda Meeting Location: Luxembourg, Luxembourg Meeting Date: June 26, 2017 Item 6 For: Approval Discussion Information Public Sector Specific Financial Instruments
FIRST TIME ADOPTION OF ACCRUAL BASIS IPSASS
Meeting Meeting Location: International Public Sector Accounting Standards Board Toronto, Canada Meeting Date: June 17 20, 2013 Agenda Item 6 For: Approval Discussion Information FIRST TIME ADOPTION OF
IPSAS 41 Summary Financial Instruments
AT A GLANCE July August 2015 2018 IPSAS 41 Summary Financial Instruments This is an overview of IPSAS 41, Financial Instruments. Project objective: Approved: To establish new requirements for classifying,
PROJECT HISTORY. The IPSASB considered an Issues Paper and a draft of sections of a Consultation Paper (CP).
Contact: Ross Smith (rosssmith@ipsasb.org) June 2015 PROJECT HISTORY The IPSASB considered an Issues Paper and a draft of sections of a Consultation Paper (CP). Monetary gold definitions The IPSASB agreed
SUMMARY OF IASB WORK PLAN AS AT 7 NOVEMBER 2018
SUMMARY OF IASB WORK PLAN AS AT 7 NOVEMBER 2018 Page Standard-setting and Related Projects... 3 Management Commentary... 3 Rate-regulated Activities... 4 Research Projects... 5 Business Combinations under
Public Sector Measurement Education Session
Public Sector Measurement Education Session Impact of the Conceptual Framework on IPSASs Agenda Item 6.2.5 Gwenda Jensen IPSASB Meeting March 6 9, 2018 New York, USA Page 1 Proprietary and Copyrighted
REVENUE APPROACH TO IFRS 15
Meeting: Meeting Location: International Public Sector Accounting Standards Board Toronto, Canada Meeting Date: June 19 22, 2018 Agenda Item 8 For: Approval Discussion Information From: Amon Dhliwayo REVENUE
Agenda Item 7: Grants & Other Transfers (Revenue & Non-Exchange Expenses)
Agenda Item 7: Grants & Other Transfers (Revenue & Non-Exchange Expenses) Joanna Spencer, Manager, Standards Development and Technical Projects Paul Mason, Principal IPSASB Consultative Advisory Group
Public Sector Measurement
Public Sector Measurement Gwenda Jensen and John Stanford IPSASB Meeting March 6 9, 2018 New York, USA Page 1 Proprietary and Copyrighted Information Overview Introduction 1. ED, Objective, scope and definitions
Social Benefits. Paul Mason, Principal. IPSASB Meeting March 7 10, 2016 Washington, D.C., USA. Page 1 Proprietary and Copyrighted Information
Paul Mason, Principal IPSASB Meeting March 7 10, 2016 Washington, D.C., USA Page 1 Proprietary and Copyrighted Information Scope and Definitions: Decisions Required (Agenda Item 8.2.1) Which definition
Improvements to IPSAS, 2018
Exposure Draft 65 April 2018 Comments due: July 15, 2018 Proposed International Public Sector Accounting Standard Improvements to IPSAS, 2018 This document was developed and approved by the International
Agenda Item 6: Leases
Agenda Item 6: Leases João Fonseca Manager, Standards Development and Technical Projects IPSASB Meeting New York, USA March 8-11, 2016 Page 1 Proprietary and Copyrighted Information Objective of Session
Joint Arrangements. Exposure Draft 51. IFAC Board. October 2013 Comments due: February 28, 2014
IFAC Board Exposure Draft 51 October 2013 Comments due: February 28, 2014 Proposed International Public Sector Accounting Standard Joint Arrangements This Exposure Draft 51, Joint Arrangements, was developed
Exposure Draft: Financial Instruments
AT A GLANCE July August 2015 2017 Exposure Draft: Financial Instruments This is an overview of the Exposure Draft (ED) 62, Financial Instruments. Project objectives: Development of ED 62: This Exposure
ISSUED. December 2014
New and Proposed Changes to PSA HB Sections for the Two Years Ended NEW AND AMENDED STANDARDS Introduction to Public Sector Accounting Standards (Amendment) PS 1201 Financial Statement Presentation (New)
International Public Sector Accounting Standard 32 Service Concession Arrangements: Grantor IPSASB Basis for Conclusions
International Public Sector Accounting Standard 32 Service Concession Arrangements: Grantor IPSASB Basis for Conclusions International Public Sector Accounting Standards, Exposure Drafts, Consultation
Agenda Item 5: Heritage
Agenda Item 5: Heritage Gwenda Jensen IPSASB Meeting, December 6 9, 2016 Stellenbosch, South Africa Page 1 Proprietary and Copyrighted Information Objective of this Session (1) Review consultation paper
LEASES. Meeting objectives Topic Agenda Item. Project management Decisions up to September 2018 meeting
Meeting: Meeting Location: International Public Sector Accounting Standards Board Kuala Lumpur, Malaysia Meeting Date: December 4 7, 2018 Agenda Item 12 For: Approval Discussion Information From: João
SUMMARY OF IASB WORK PLAN AS AT 31 JULY 2015
SUMMARY OF IASB WORK PLAN AS AT 31 JULY 2015 Page Major IFRSs... 2 IFRS 9, Financial Instruments... 2 Disclosure Initiative... 2 Insurance Contracts... 3 Leases... 3 Rate-Regulated Activities... 4 Implementation
SUMMARY OF IASB WORK PLAN AS AT 23 AUGUST 2018
SUMMARY OF IASB WORK PLAN AS AT 23 AUGUST 2018 Page Standard-setting and Related Projects... 3 Management Commentary... 3 Rate-regulated Activities... 3 Research Projects... 4 Dynamic Risk Management...
Financial Instruments: Recognition and Measurement
International Public Sector Accounting Standards Board Exposure Draft 38 April 2009 Comments are requested by July 31, 2009 Proposed International Public Sector Accounting Standard Financial Instruments:
Agenda item 6: Public Sector Combinations
Agenda item 6: João Fonseca, Technical Manager Paul Mason, Technical Manager IPSASB Meeting September 22-25, 2015 Toronto, Canada Page 1 Proprietary and Copyrighted Information Objective of Session The
IFRS Project Insights Financial Instruments: Classification and Measurement
IFRS Project Insights Financial Instruments: Classification and Measurement 2 October 2012 The IASB s financial instrument project will replace IAS 39 Financial Instruments: Recognition and Measurement.
Public Benefit Entity International Financial Reporting Standard 9 Financial Instruments (PBE IFRS 9)
EXPOSURE DRAFT NZASB 2016-7 Public Benefit Entity International Financial Reporting Standard 9 Financial Instruments (PBE IFRS 9) Issued [Date] This [draft] 1 Standard was issued on [Date] by the New Zealand
Proposed International Public Sector Accounting Standard XX (ED 53) on
2 Meeting Meeting Location: International Public Sector Accounting Standards Board Toronto, Canada Meeting Date: September 16 19, 2013 Agenda Item 2 For: Approval Discussion Information Proposed International
IPSAS 8 INTERESTS IN JOINT VENTURES
INTERESTS IN JOINT VENTURES Acknowledgment This International Public Sector Accounting Standard is drawn primarily from International Accounting Standard (IAS) 31 (Revised 2003), Interests in Joint Ventures
SUMMARY OF IASB WORK PLAN AS AT 5 NOVEMBER 2013
SUMMARY OF IASB WORK PLAN AS AT 5 NOVEMBER 2013 Major IFRSs... 3 IFRS 9, Financial Instruments (FI) (IAS 39 replacement)... 3 Insurance Contracts... 4 Leases... 4 Rate-Regulated Activities... 5 Revenue
NON-EXCHANGE EXPENSES
Meeting: IPSASB Consultative Advisory Group Agenda Meeting Location: Toronto, Canada Meeting Date: June 18, 2018 From: Paul Mason Item 7 For: Approval Discussion Information NON-EXCHANGE EXPENSES Project
ICAEW REPRESENTATION 92/16
ICAEW REPRESENTATION 92/16 Exposure Draft 60 Public Sector Combinations ICAEW welcomes the opportunity to comment on the Public Sector Combinations exposure draft published by the International Public
SOCIAL BENEFITS. Meeting objectives Topic Agenda Item. Project management Instructions up to March 2017 meeting 9.1.1
Meeting: Meeting Location: International Public Sector Accounting Standards Board Luxembourg, Luxembourg Meeting Date: June 27 30, 2017 From: Paul Mason Agenda Item 9 For: Approval Discussion Information
PUBLIC BENEFIT ENTITY INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARD 29 FINANCIAL INSTRUMENTS: RECOGNITION AND MEASUREMENT (PBE IPSAS 29)
PUBLIC BENEFIT ENTITY INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARD 29 FINANCIAL INSTRUMENTS: RECOGNITION AND MEASUREMENT (PBE IPSAS 29) Issued September 2014 and incorporates amendments to 31 January
Latest developments in IPSASs and GFS harmonisation
Latest developments in IPSASs and GFS harmonisation Ian Carruthers IPSASB Chair IMF Government Finance Statistics Advisory Committee Washington, D.C. 16 th March 2017 Page 1 Proprietary and Copyrighted
Public Sector Accounting International Harmonisation: Benefits and IPSASB s Role
Public Sector Accounting International Harmonisation: Benefits and IPSASB s Role Ian Carruthers IPSASB Chair Rome 12 th October 2017 Page 1 Proprietary and Copyrighted Information Session outline Who are
The Effects of Changes in Foreign Exchange Rates
International Public Sector Accounting Standards Board IPSAS 4 Issued January 2007 International Public Sector Accounting Standard The Effects of Changes in Foreign Exchange Rates International Public
PBE IFRS 9. The new PBE Standard on financial instruments. December 2017
PBE IFRS 9 The new PBE Standard on financial instruments December 2017 Introduction In both the public sector and the not-for-profit sector, most public benefit entities (PBEs) hold some type of financial
Consultation Paper August 2017 Comments due: January 15, Accounting for Revenue and Non-Exchange Expenses
Consultation Paper August 2017 Comments due: January 15, 2018 Accounting for Revenue and Non-Exchange Expenses This document was developed and approved by the International Public Sector Accounting Standards
Financial Instruments Overall (Subtopic )
Proposed Accounting Standards Update Issued: February 14, 2013 Comments Due: May 15, 2013 Financial Instruments Overall (Subtopic 825-10) Recognition and Measurement of Financial Assets and Financial Liabilities
Consultation Paper XXX 2017 Comments due: XXX XX, Accounting for Revenue and Non-Exchange Expenses
Consultation Paper XXX 2017 Comments due: XXX XX, 2017 Accounting for Revenue and Non-Exchange Expenses This document was developed and approved by the International Public Sector Accounting Standards
Entity Combinations from Exchange Transactions
International Public Sector Accounting Standards Board Exposure Draft 41 May 2009 Comments are requested by August 15, 2009 Proposed International Public Sector Accounting Standard Entity Combinations
FASB/IASB/SEC Update. American Accounting Association. Tom Linsmeier FASB Member August 4, 2014
American Accounting Association FASB/IASB/SEC Update Tom Linsmeier FASB Member August 4, 2014 The views expressed in this presentation are those of the presenter. Official positions of the FASB are reached
ED 57, Impairment of Revalued Assets
Meeting: Meeting Location: International Public Sector Accounting Standards Board Toronto, Canada Meeting Date: September 22-25, 2015 Agenda Item 4 For: Approval Discussion Information Impairment of Revalued
Social Benefits. Social Benefits. Paul Mason, Principal. IPSASB Meeting September 19-22, 2017 Toronto, Canada
Social Benefits Paul Mason, Principal IPSASB Meeting September 19-22, 2017 Toronto, Canada Page 1 Proprietary and Copyrighted Information Due Process (Agenda Item 5.2.1) Due Process Development of Proposed
International Financial Reporting Standards (IFRS)
FACT SHEET September 2011 IFRS 9 Financial Instruments (This fact sheet is based on the standard as at 1 January 2011.) Important note: This fact sheet is based on the requirements of the International
Welcome to the April IASB Update
April 2016 Welcome to the April IASB Update The International Accounting Standards Board (the Board) met in public from 19 to 21 April 2016 at the IFRS Foundation's offices in London, UK. The topics for
Accounting Standards Board Update
Chartered Professional Accountants British Columbia Professional Development Course Accounting Standards Board Update COPYRIGHT Institute of Chartered Accountants of BC All rights reserved. No part of
September 1, Mr. Russell G. Golden Technical Director Financial Accounting Standards Board 401 Merritt 7 P.O. Box 5116 Norwalk, CT
Deloitte & Touche LLP Ten Westport Road PO Box 820 Wilton, CT 06897-0820 Tel: +1 203 761 3000 Fax: +1 203 834 2200 www.deloitte.com Mr. Russell G. Golden Technical Director Financial Accounting Standards
Derivatives and Hedging (Topic 815)
Proposed Accounting Standards Update Issued: February 24, 2015 Comments Due: April 30, 2015 Derivatives and Hedging (Topic 815) Disclosures about Hybrid Financial Instruments with Bifurcated Embedded Derivatives
The Association is pleased to provide for your review its comments on the FASB ED currently under consideration by the Board.
September 30, 2010 To the Financial Accounting Standards Board, Japanese Bankers Association Comments on FASB exposure draft "Accounting for Financial Instruments and Revisions to the Accounting for Derivative
IMPAIRMENT OF REVALUED ASSETS (AMENDMENTS TO PBE IPSASs 21 AND 26)
This Standard was issued on 13 April 2017 by the New Zealand Accounting Standards Board of the External Reporting Board pursuant to section 12(a) of the Financial Reporting Act 2013. This Standard is a
Issues Analysis: Financial Instruments
Issues Analysis: Financial Instruments Comments from Staff of the Public Sector Accounting Board September 2009.01 This issues analysis is a supporting document to the Public Sector Accounting Board (PSAB)
CLASSIFICATION AND MEASUREMENT OF FINANCIAL ASSETS RESULTS OF THE FIELD TEST CONDUCTED BY EFRAG, ANC, ASCG, FRC AND OIC 17 JUNE 2013
CLASSIFICATION AND MEASUREMENT OF FINANCIAL ASSETS RESULTS OF THE FIELD TEST CONDUCTED BY EFRAG, ANC, ASCG, FRC AND OIC 17 JUNE 2013 TABLE OF CONTENTS EXECUTIVE SUMMARY... 3 INTRODUCTION... 6 Background...
IPSASB 41, Financial Instruments compared to IFRS 9, Financial Instruments
Document Comparison August 2018 Document Comparison IPSASB 41, Financial Instruments compared to IFRS 9, Financial Instruments DOCUMENT COMPARISON This Document Comparison was prepared for information
PROJECT HISTORY. Contact: Stephenie Fox December 2014
PROJECT HISTORY Contact: Stephenie Fox (stepheniefox@ipsasb.org) December 2014 The IPSASB had agreed at its September 2014 meeting that the proposed IPSAS on First-time Adoption of Accrual Basis International
Education Session: IFRS 15, Revenue from Contracts with Customers. Receive an education session on the revenue model in IFRS 15; and
Meeting: Meeting Location: International Public Sector Accounting Standards Board Santiago, Chile Meeting Date: March 10 13, 2015 Agenda Item 12 For: Approval Discussion Information Education Session:
IPSAS 42, Social Benefits
Final Pronouncement January 2019 International Public Sector Accounting Standard IPSAS 42, Social Benefits This document was developed and approved by the International Public Sector Accounting Standards
Exposure Draft 63 October 2017 Comments due: March 31, Proposed International Public Sector Accounting Standard.
Exposure Draft 63 October 2017 Comments due: March 31, 2018 Proposed International Public Sector Accounting Standard Social Benefits This document was developed and approved by the International Public
Acumen Financial Institutions Accounting and Reporting. IFRS 9 Financial Instruments Classification 9 June 2015
Acumen 2015 Financial Institutions Accounting and Reporting IFRS 9 Financial Instruments Classification 9 June 2015 About the presenters Presenter 1 George W. Prieksaitis Partner +1 416 943 2542 george.w.prieksaitis@ca.ey.co
The Applicability of IPSASs
Exposure Draft 56 July 2015 Comments due: November 30, 2015 Proposed International Public Sector Accounting Standard and Recommended Practice Guideline The Applicability of IPSASs This document was developed
Process for Considering GFS Reporting Guidelines during Development of IPSASs
IPSASB Policy Paper Exposure Draft February 2014 October 2011 Comments due: February 29, 2012 International Public Sector Accounting Standards Board Process for Considering GFS Reporting Guidelines during
IPSAS 7 INVESTMENTS IN ASSOCIATES
INVESTMENTS IN ASSOCIATES Acknowledgment This International Public Sector Accounting Standard is drawn primarily from International Accounting Standard (IAS) 28 (Revised 2003), Investments in Associates
Financial reporting update
Financial reporting update Agenda What s new for 2017 o o Disclosure initiative Minor accounting standard changes PBEs For-Profits Major changes on the horizon Disclosure Initiative Objectives of financial
NON-EXCHANGE EXPENSES
Meeting: Meeting Location: International Public Sector Accounting Standards Board Toronto, Canada Meeting Date: September 18 21, 2018 From: Paul Mason Agenda Item 6 For: Approval Discussion Information
IFRS 9 Readiness for Credit Unions
IFRS 9 Readiness for Credit Unions Classification & Measurement Implementation Guide June 2017 IFRS READINESS FOR CREDIT UNIONS This document is prepared based on Standards issued by the International
AASB 9: Financial Instruments Transition. Tuesday 20 June 2017
AASB 9: Financial Instruments Transition Tuesday 20 June 2017 Your facilitators are Patricia Stebbens Aaron Laurie Mohamad Shahin Justin Turnbull 2 Agenda Introduction Classification and measurement Impairment
Comparison of the FASB s and the IASB s Proposed Models for Financial Instruments (as of May 2010)
Comparison of the FASB s and the IASB s Proposed Models for Financial Instruments (as of May 2010) The following table provides a side-by-side comparison of the FASB s and the IASB s proposed models for
International Public Sector Accounting Standard 23 Revenue from Non-Exchange Transactions (Taxes and Transfers) IPSASB Basis for Conclusions
International Public Sector Accounting Standard 23 Revenue from Non-Exchange Transactions (Taxes and Transfers) IPSASB Basis for Conclusions International Public Sector Accounting Standards, Exposure Drafts,
IPSASB Update Ian Carruthers
IPSASB Update Ian Carruthers IPSASB Chair 13 th May 2016 Page 1 IPSASB update Session outline IPSASB background New governance and advisory arrangements 2015 new standards and consultations Work plan 2016
IFRS 9 Financial Instruments Thai Life Assurance Association
IFRS 9 Financial Instruments Thai Life Assurance Association 13 December 2016 What impact will IFRS 9 have on your business? More data required IFRS 9 More judgment involved Detailed guidance which may
January 2016 SUMMARY OF CANADIAN PUBLIC SECTOR ACCOUNTING STANDARDS FOR GOVERNMENT ORGANIZATIONS.
January 2016 SUMMARY OF CANADIAN PUBLIC SECTOR ACCOUNTING STANDARDS FOR GOVERNMENT ORGANIZATIONS www.bcauditor.com CONTENTS BACKGROUND 3 1.THE FRAMEWORK 4 1.1 Objective 4 1.2 Users 4 1.3 GAAP hierarchy
IFAC IPSASB Meeting Agenda Paper 5.0 February 2009 Paris, France Page 1 of 43
Agenda Paper 5.0 February 2009 Paris, France Page 1 of 43 INTERNATIONAL FEDERATION OF ACCOUNTANTS 545 Fifth Avenue, 14th Floor Tel: (212) 286-9344 New York, New York 10017 Fax: (212) 286-9570 Internet:
IFRS 9 Financial Instruments Thai General Assurance Association
IFRS 9 Financial Instruments Thai General Assurance Association 9 March 2017 What impact will IFRS 9 have on your business? More data required IFRS 9 More judgment involved Detailed guidance which may
Accounting for financial instruments: Overview of FASB s exposure draft on recognition and measurement
Accounting for financial instruments: Overview of FASB s exposure draft on recognition and measurement Contact: Faye Miller, Director, National Accounting Standards Group, McGladrey LLP faye.miller@mcgladrey.com
PUBLIC BENEFIT ENTITY INTERNATIONAL FINANCIAL REPORTING STANDARD 5 NON-CURRENT ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS (PBE IFRS 5)
PUBLIC BENEFIT ENTITY INTERNATIONAL FINANCIAL REPORTING STANDARD 5 NON-CURRENT ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS (PBE IFRS 5) Issued May 2013 This Standard was issued by the New Zealand
Heads Up. IASB Issues IFRS on Classification and Measurement of Financial Assets.
vember 17, 2009 Volume 16, Issue 42 Heads Up In This Issue: Introduction Scope Classification Classification Criteria Equity Investments Embedded Derivatives Application Issues Reclassification Impact