The IASB proposes accounting changes for renewable electricity contracts

The IASB has published an exposure draft, proposing narrow-scope amendments to IFRS 7 and IFRS 9 to help entities better reflect, in their financial statements, the effect of entering into contracts for renewable electricity. Our In brief gives you an overview of the proposals.

Hyper-inflationary economies as at June 2024

Hyper-inflationary economies as at June 2024 The IMF WEO report released in April 2024 provides updated data in respect of current and projected levels of inflation. Significant changes: Egypt, Lao P.D.R. and Malawi are expected to become hyper-inflationary by the end of 2024, South Sudan remains hyper-inflationary in 2024, and Yemen is no longer hyper-inflationary from 30 June 2024.

IFRS 18 - Insights for financial services companies

The IASB has issued IFRS 18, the new standard on presentation and disclosure in financial statements, with a focus on the statement of profit or loss. This In brief highlights some key elements most relevant to the financial services industry.

IFRS 18 - Key treasury topics for corporate entities

The IASB has issued IFRS 18, the new standard on presentation and disclosure in financial statements, with a focus on the statement of profit or loss. For a general overview of the new standard, see In brief IFRS 18 is here: redefining financial performance reporting. This In brief highlights some key treasury topics for corporate entities, such as classification of foreign exchange differences, derivatives gains and losses and income and expenses on other financial instruments.

EFRAG and ISSB jointly publish interoperability guidance

On 2 May 2024, the IFRS Foundation and EFRAG jointly published interoperability guidance on climate-related disclosures for sustainability reporting. This interoperability guidance illustrates the high level of alignment achieved between the IFRS sustainability disclosure standards and European sustainability reporting standards (ESRS).

2024-013: Mise à jour sur les NCCECF – Mars 2024

Ce bulletin décrit les dernières modifications apportées aux Normes comptables canadiennes pour les entreprises à capital fermé (NCCECF). Il résume également les travaux en cours du Conseil des normes comptables (CNC) relatifs aux NCCECF.

2.1 Scope chapter overview

In response to increasing demand to understand corporate actions taken to address sustainability initiatives, various frameworks to transform sustainability reporting have emerged worldwide.

2024-006: NCCECF – Modèles d’états financiers

Ce bulletin contient des modèles d’états financiers préparés conformément aux NCCECF.