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IASeminars Blog

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Archive by category: Industry NewsReturn
September 2019
So far a handful of fashion retailers have detailed their costs to date with regards IFRS 16. The impact of IFRS 16 should be neutral in the long term but it may not always seem that way when companies account for the new measure in their reporting.
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There are still some uncertainties around the amendments and stakeholders have until 25 September to respond to the June 2019 Exposure Draft, “Amendments to IFRS 17”.
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August 2019
The Financial Accounting Standards Board has issued a proposal which offers insurers an extra year to comply with the new rules.
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May 2019
Andrew Munday, the former accountant of singer Rita Ora and rugby international Matt Dawson, has been jailed for more than five years after committing a £3.5 million fraud.
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This great article looks at future projections for the profession covering 6 domains of core knowledge and skills that management accounts need to remain relevant. These range from strategy, planning and performance to leadership, ethics and values.
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April 2019
If you have an accounting period beginning on or after 1 January 2019, you will likely find yourself coming up against IFRS 16. This is a major change for how leases are treated and eliminates nearly all off-balance sheet accounting for leases.
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March 2019
This great podcast with Ankur Agrawal, a partner in McKinsey & Co.’s New York office covers:
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Gloria Zvaravanhu who has been newly appointed as chief executive of the Institute of Chartered Accountants of Zimbabwe, talks about her new role. She covers what is affecting the accounting practice in Zimbabwe, including corporate governance.
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February 2019
When IFRS 15 was published in May 2014, it significantly impacted real estate companies as they were able to recognise revenue over a construction period, as long as certain conditions were met.
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A new campaign by the UK government called Flag it up, is being used to promote best practice in anti-money laundering compliance. The national Strategic Assessment of Serious and Organised Crime 2018 by the National Crime Agency suggests that...
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