UnderIAS 18,many telecom operators provided free handsets to customers and treated them as “marketing costs”, or costs to obtain a client. Under IFRS 15, this is not permitted, as IFRS 15 requires allocating the transaction price to individual performance obligations. In this case, telecom ope...
While companies in the United States operate under thegenerally accepted accounting principles (GAAP), most other countries use theInternational Financial Reporting Standards (IFRS). There are manydifferences between both systems, particularly in how they treat inventory accounting. One of the most basic...
take caution when comparing the financial statements of companies from different countries. The issue of differing accounting principles is less of a concern in more mature markets. Still, caution should be used, as there is still leeway for number distortion under many sets of accounting principles...
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New standards will come into effect sooner than many people think, and so company executives and audit committee members need to act now.International standard-setters have made rapid progress in recent months towards the goal of creating a more robust sustainability reporting framework based on glob...
In addition, some costs of the hedging instrument directly related to the hedging periods can be amortized evenly, instead of charging the net profit at the very beginning. Hedge accounting of IFRS 9 is applicable in many cases except for the macro hedge regarding the net interest rate exposures...
Even if a company reassesses its prospects of going public in the midst of a slowdown in the global IPO market, a strategic commitment to ESG reporting is a must-have, rather than “nice-to-have”. Changing investor and consumer demand coupled with evolving regulatory frameworks mean ESG discl...
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For Western Europe, Capex levels in 2023 were lower than in 2022, a relatively rare but not unique occurrence that led many industry analysts to conclude the “End of Capex” and that from now on, “Capex will surely decline.” The compelling and logical explanations were also evident, point...
In sum, earnings forecasts have been studied concerning their performance and a few of their potential drivers. In this paper, we extend the knowledge base by considering many more drivers of earnings forecasts, while we pay specific attention to the value of the unpredictable component of earnings...