by pieter@pvdz.co.za | May 28, 2026 | Assets, Liabilities
IFRS 16 Leases (‘IFRS 16’) requires an entity to assess whether a contract conveys the right to control the use of an identified asset. Where it does, the contract is, or contains, a lease. The IFRS Interpretations Committee (‘IFRIC’) recently published...
by pieter@pvdz.co.za | Aug 22, 2025 | Financial instruments, Liabilities
The IFRIC recently published an agenda decision dealing with the accounting treatment of guarantees. The agenda decision stems from a request for clarity as to whether contractual guarantees issued by an entity in respect of obligations of a joint venture should be...
by pieter@pvdz.co.za | Apr 18, 2025 | Assets, Expenses, Financial instruments, Income, Liabilities, Presentation and disclosure
Entities without public accountability may apply the International Financial Reporting Standards for Small and Medium-sized Entities (IFRS for SMEs). This is a set of accounting standards based on full IFRS with various simplifications. The IASB performed...
by pieter@pvdz.co.za | Jan 20, 2025 | Financial instruments
Arrangements for electricity procurement vary in how they match electricity production from natural sources with usage. The IASB identified that applying the own-use exemption in IFRS 9 to such arrangements posed certain challenges. This prompted narrow-scope...
by pieter@pvdz.co.za | Sep 15, 2024 | Presentation and disclosure
The International Accounting Standards Board (IASB) published IFRS 19 Subsidiaries Without Public Accountability: Disclosures (‘IFRS 19’) in May 2024. This standard provides relief for subsidiaries without public accountability whose parent companies...
