IFRS – financial instruments
Changes to accounting for financial instruments could affect all reporting entities; classification & measurement, hedging, impairment, offsetting.
IFRS – leases
IASB and U.S. FASB are seeking to introduce a new accounting model for lessees and lessors. Follow them up they prepare to issue revised proposals.
IFRS – revenue
One model – two approaches – five steps. A new standard on revenue recognition that will apply all to most industries under IFRS and U.S GAAP in 2013.