Beyond the GAAP no. 119 - February 2018
Editorial
With less than a year to go before the effective date of IFRS 16 on Leases, the report of the ANC’s (The French accounting standards setter) decisions on the duration of 3/6/9 leases, published in February, is certainly the most anticipated announcement for French entities. This is because it should enable most of them to resolve this thorny question in their plans for implementation. This decision will of course also be useful to entities with subsidiaries in France.
Europe is continuing its lengthy work on long-term investment and sustainable finance, with studies and consultations which could well eventually have impacts on the accounting and reporting frameworks of European entities. For its part, the IASB has held a first working meeting of the transition resource group supporting the implementation of IFRS 17, Insurance contracts.
Enjoy your reading!
Edouard Fossat Isabelle Grauer-Gaynor
With less than a year to go before the effective date of IFRS 16 on Leases, the report of the ANC’s (The French accounting standards setter) decisions on the duration of 3/6/9 leases, published in February, is certainly the most anticipated announcement for French entities. This is because it should enable most of them to resolve this thorny question in their plans for implementation. This decision will of course also be useful to entities with subsidiaries in France.
Europe is continuing its lengthy work on long-term investment and sustainable finance, with studies and consultations which could well eventually have impacts on the accounting and reporting frameworks of European entities. For its part, the IASB has held a first working meeting of the transition resource group supporting the implementation of IFRS 17, Insurance contracts.
Enjoy your reading!
Edouard Fossat Isabelle Grauer-Gaynor
IFRS highlights broadly covers the following topics:
- First TRG meeting on the introduction of IFRS 17
- IASB publishes narrow-scope amendment to IAS 19
- French national accounting standards setter publishes a statement of conclusions on French commercial property leases
European highlights broadly covers the following topics:
- Accounting recommendations from the High-Level Expert Group on Sustainable Finance
- European Commission evaluates corporate reporting
