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Grant Thornton looks at the potential impact of IFRS 15 'Revenue from Contracts with Customers' for revenue recognition in the software and cloud services industries.

Grant Thornton looks at the potential impact of IFRS 15 'Revenue from Contracts with Customers' for revenue recognition in the retail industry.

Grant Thornton International Ltd has commented on the IASB's Exposure Draft 'Disclosure Initiative - Proposed Amendments to IAS 1'.

Grant Thornton International Ltd comments on ED/2015/1 Classification of liabilities – Proposed amendments to IAS 1

After more than five years in development the IASB and FASB have at last published their new, converged Standard on revenue recognition – IFRS 15 ‘Revenue from Contracts with Customers’. IFRS 15 replaces IAS 18 and IAS 11 and will affect almost every revenue-generating entity that applies IFRSs. We applaud the two Boards for delivering a converged Standard in this critical area.

Grant Thornton International Ltd has commented on the IASB's Post-implementation Review of IFRS 3 ‘Business Combinations’.

Grant Thornton International Ltd has commented on the IASB Exposure Draft 'Proposed amendments to the IFRS for SMEs'.

This publication guides management through the top 20 disclosure and accounting issues identified by Grant Thornton as potential challenges for IFRS preparers.

This publication summarises the overall objectives and requirements of IAS 36, provides a step-by-step guide to performing an impairment assessment (including recording or reversing an impairment when necessary) and offers insights on best practices to address interpretative and practical application issues.

Grant Thornton International Ltd has commented on the IASB Exposure Draft 'Annual Improvements to IFRSs 2012-2014 Cycle'.

Grant Thornton International Ltd has commented on the IASB Exposure Draft 'Equity Method in Separate Financial Statements - Proposed amendments to IAS 27'.

Grant Thornton International Ltd has commented on 'Measuring Quoted Investments in Subsidiaries, Joint Ventures and Associates at Fair Value'

IAS 39 ‘Financial Instruments: Recognition and Measurement’, the previous Standard that dealt with hedge accounting, was heavily criticised for containing complex rules which either made it impossible for entities to use hedge accounting or, in some cases, simply put them off doing so.

This guide includes practical guidance on the detection of intangible assets in a business combination and also discusses the most common methods used in practice to estimate their fair value. It provides examples of intangible assets commonly found in business combinations and explains how they might be valued.

Classification of a financial instrument as either liability or as equity has an immediate and significant effect on an entity’s reported results and financial position. Liability classification for instance affects an entity’s gearing ratios and typically results in any payments being treated as interest and charged to earnings. This guide addresses the key application issues to consider and includes interpretational guidance in certain problematic areas.

Grant Thornton International Ltd has commented on the IASB Discussion Paper 'A Review of the Conceptual Framework for Financial Reporting