News

Newsletter – January-April 2013

Si pubblica la newsletter relativa al primo quadrimestre del 2013. L’obiettivo è di informare sulle principali novità che attengono alla materia contabile. Per agevolare la lettura, il documento si presenta articolato in diverse sezioni, identificate in rosso. All’interno di ciascuna sezione si distinguono paragrafi e sottoparagrafi. Al fine di consentire a chi fosse interessato un approfondimento, sono...

IASB issues Recoverable Amount Disclosures for Non-Financial Assets (Amendments to IAS 36)

The IASB published Recoverable Amount Disclosures for Non-Financial Assets (Amendments to IAS 36). These amendments clarify that the disclosure of information about the recoverable amount of impaired assets is limited to the recoverable amount of impaired assets that is based on fair value less costs of disposal. The amendments are to be applied retrospectively for annual periods beginning on or after 1...

IASB issued IFRIC Interpetation 21 Levies

The IASB has issued IFRIC Interpretation 21 Levies. IFRIC 21 is effective for annual periods beginning on or after 1 January 2014. Please find herewith attached the press release.

IASB and FASB issued ED Leases

The IASB and the FASB published for public comment a revised Exposure Draft outlining proposed changes to the accounting for leases. Comments on the proposals can be sent by 13 September 2013. For further information, please refer to the IASB website. Please find herewith attached the press...

Draft OIC 26 Transaction, assets and liabilities in foreign currency issued for public comments

We are pleased to inform you about the launch of the consultation on the draft of the national accounting standard OIC 26  Transaction, assets and liabilities in foreign currency, as part of the project of their updating. The OIC aims to improve the structure of national accounting standards in order to make them easier to read and at the same time to facilitate updates and amendments that will be necessary in the...

IASB issues ED Regulatory Deferral Accounts

The IASB published for public comment the Exposure Draft Regulatory Deferral Accounts as part of its reactivated Rate-regulated Activities research project. At this stage, the IASB is proposing an interim Standard that would allow entities to preserve the existing accounting policies that they have in place for rate-regulated activities with some modifications designed to enhance comparability. The proposals...

Third issue of the Conceptual Framework newsletter

EFRAG, ANC, ASCG, FRC and OIC have released the third issue of their Conceptual Framework newsletter. The third issue of the newsletter summarises the tentative decisions reached at the March 2013 IASB meeting regarding the content of the forthcoming Discussion Paper. In addition, the newsletter summarises some initial views expressed by National Standard Setters in the EFRAG CFSS meeting of 3 April 2013...

OIC, the National Standard Setters ANC, ASCG, FRC and EFRAG launch a field-test on the IASB’s expected credit losses model for financial instruments

On 7 March 2013, the IASB issued the Exposure Draft (ED) Financial Instruments: Expected Credit Losses. Under the proposed impairment requirements, entities will be required to recognise, measure and disclose expected credit losses in their portfolios of financial assets that are measured at amortised cost and FV-OCI, certain loan commitments and financial guarantee contracts, as well as trade receivables and...