Which new IFRS standards must I apply for a 30 June 2026 reporting date? Several amendments are mandatory now — including the IAS 21 lack-of-exchangeability rules, the IFRS 9 & IFRS 7 classification and measurement amendments, and Annual Improvements Volume 11 — while IFRS 18, IFRS 19, and IFRS 20 remain optional until 2027. Applying…
Who can still elect the IAS 28 fair value option after the IASB’s 2026 amendments? The updated IAS 28 fair value option extends the FVTPL election beyond classic investment funds to any entity whose main business is investing in associates, joint ventures, unconsolidated subsidiaries, cash and cash equivalents, or other independently-returning assets — aligned to…
Who can measure associates and joint ventures at fair value under IFRS? The IAS 28 fair value option is an exemption from the equity method — and on 26 June 2026 the IASB issued narrow amendments that finally pin down which entities qualify, using the ‘specified main business activities’ concept from IFRS 18. If your…
What did the IFRIC decide in Q1 2026 regarding IFRS 18? The IFRIC finalized five binding IFRS 18 agenda decisions in its March 2026 update, addressing FX differences on intragroup loans, classification of non-income taxes, expense-by-nature disaggregation scope, parent entity main business activity, and FX derivative classification — all critical for entities preparing to adopt…
What are the key IFRS 2026 updates? The most important IFRS 2026 updates include IFRS 9 amendments for financial instrument classification and nature-dependent electricity contracts effective January 1, 2026, the upcoming IFRS 18 replacing IAS 1 effective January 2027, and the March 2026 IASB decisions on IFRS 10 Consolidated Financial Statements — changes that require…
Facing the GAAP Gap? Many Japanese companies with U.S. subsidiaries are struggling with complex American accounting rules. Discover the key challenges and how to navigate them to avoid costly penalties! Have you ever felt like you’re speaking a different language at work? That’s exactly what many Japanese companies are experiencing with their U.S. operations,…
US GAAP vs. IFRS: What’s the Real Difference? This guide breaks down the key similarities and differences between the two major accounting standards in simple terms, helping you understand how they impact global business and investment. Have you ever looked at a financial report from a company in Europe and felt like something was…
