Details

  • Service: Audit, Financial Statement Audit, Financial Reporting & Accounting Standards, Accounting Advisory Services, International Financial Reporting Standards (IFRS)
  • Type: Regulatory update
  • Date: 13/06/2012

IFRS In the Headlines

IFRS In the Headlines
In the Headlines (formerly IFRS Briefing Sheets) provide a timely update on International Financial Reporting Standards (IFRS) developments.

Subsequent measurement of NCI put liabilities (2012/08) 

The accounting for NCI put liabilities has been a contentious issue in a number of countries, with the policies adopted by different companies (profit or loss vs equity) having a significant impact on the comparability of financial statements.
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KPMG summarises some of the issues and business impacts arising from Draft Interpretation DI/2012/2 Put Options Written on Non-controlling Interests issued on 31 May 2012.

 

No effective date is proposed, although early adoption would be allowed. Retrospective application is proposed.

 

The comment period ended on 1 October 2012.
 

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