In October 2022 the IFRS Interpretations Committee (“IFRIC’) published an agenda decision on accounting for rent...
Rent forgiveness: Impairment, derecognition or modification?
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Liabilities
Classification of liabilities: Loan covenants
Financial statements distinguish between current and non-current assets and liabilities. Assets are classified on, amongst...
Debt or equity: The role of shareholder decisions
It is often a complex decision to classify an instrument issued by an entity as debt or equity. IAS 32 Financial Instruments -...
Are your long-term liabilities still non-current?
IAS 1 Presentation of Financial Statements deals with, amongst others, the classification of assets and liabilities as current...
Accounting for power purchase agreements in terms of IFRS
There is a global drive towards renewable energy. In this context, entities have increasingly entered into renewable power...
Accounting for employee share plans
Companies use employee share plans (or employee stock ownership plans as they are also called in some jurisdictions) to...