by pieter@pvdz.co.za | Aug 6, 2019 | Assets
Over the past year or so, the IFRS Interpretations Committee (IFRIC) have discussed how cryptocurrencies should be accounted for. The IFRIC considered two aspects in this regard, namely holding of cryptocurrencies and initial coin offerings (ICO). This article briefly...
by pieter@pvdz.co.za | Apr 14, 2019 | Financial instruments
IFRS 9 Financial Instruments (‘IFRS 9’) governs the accounting treatment of financial instruments. This standard however also applies to certain commodity contracts, as discussed in more detail below. The IFRS Interpretations Committee finalised an agenda decision on...
by pieter@pvdz.co.za | Feb 1, 2019 | Assets, Expenses
During March 2018 the Department of Trade and Industry issued a financial reporting pronouncement (FRP2) on the accounting treatment of black economic empowerment (BEE) transactions under IFRS. This article discusses some of the guidance provided in FRP2. It also...
