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New on the horizon

New on the Horizon publications consider the requirements of IASB Exposure Drafts. They include a discussion of the key elements of the proposed requirements and respective observations.

New on the Horizon: Revenue recognition for telecoms

This publication looks at the potential impact of the revised proposals on telecoms, discusses whether previous concerns expressed by them have been addressed, and highlights new issues relevant to telecoms.

New on the Horizon: Revenue recognition for building and construction

The article focuses on proposals to amend IFRS 10 Consolidated Financial Statements. The amendments would require qualifying investment entities to account for subsidiaries at fair value through profit or loss.

New on the Horizon: Revenue from contracts with customers

This edition of New on the Horizon considers the proposals in ED/2011/6 Revenue from contracts with customers, which was published on 14 November 2011.

New on the Horizon: Investment entities

New on the Horizon: Impairment of financial assets managed in an open portfolio

This publication considers the proposed requirements of Supplement to ED/2009/12 issued by IASB. The supplement sets out common proposal for accounting for impairment of financial assets managed on an open portfolio basis.

New on the Horizon: Offsetting financial assets and financial liabilities

This edition of New on the Horizon considers the proposed requirements of IASB's ED/2011/1 Offsetting Financial Assets and Financial Liabilities.

New on the Horizon: Hedge accounting

This edition of New on the Horizon considers the proposed requirements of ED/2010/13 Hedge Accounting, which was published on 9 December 2010.

New on the Horizon: Leases for retailers

This edition of New on the Horizon considers the proposals in the exposure draft, and the implications under both IFRSs and US GAAP, with additional focus on the potential impact on retailers.

New on the Horizon: Leases for real estate companies

This edition of New on the Horizon considers the proposals in the exposure draft with additional focus on the potential impact on real estate companies.

New on the Horizon: Insurance contracts

This edition considers the proposed requirements of ED/2010/8 Insurance Contracts. It also provides a high-level overview of some significant changes to current practices in the accounting for insurance contracts if the proposals become a new IFRS.

New on the Horizon: Leases

This edition of New on the Horizon considers the proposed requirements of ED/2010/9 Leases, which was published on 17 August 2010.

New on the Horizon: Production stripping costs

This publication provides summary of Draft Interpretation DI/2010/1 by the IFRS Interpretation Committee in respect of component accounting for production phase stripping costs.

New on the Horizon: Revenue recognition for technology companies

This edition of New on the Horizon considers the proposed requirements of ED/2010/6 Revenue from Contracts with Customers, with additional focus on the potential impact of the proposals on technology companies.

New on the Horizon: Financial statement presentation

This edition considers the proposed requirements of the staff draft of exposure draft Financial Statement Presentation, ED/2010/5 Presentation of Items of Other Comprehensive Income and the staff draft of an exposure draft Discontinued Operations.

New on the Horizon: Revenue recognition for food, drink and consumer goods companies

The IASB and the US FASB published a joint exposure draft on revenue recognition that could significantly impact the accounting for, and the presentation of, revenue by food, drink and consumer goods companies if implemented in its current form.

New on the Horizon: Revenue recognition for media companies

New on the Horizon: Revenue recognition for building and construction

The IASB and the US FASB published a joint exposure draft on revenue recognition, which will have significant implications on contract accounting in the building and construction sector if implemented in its current form.

New on the Horizon: Revenue recognition for telecoms

This edition of New on the Horizon considers the proposed requirements of ED/2010/6 Revenue from Contracts with Customers, with additional focus on the potential impact of the proposals on telecoms.

New on the Horizon: Revenue from contracts with customers

This edition of New on the Horizon considers the proposed requirements of ED/2010/6 Revenue from Contracts with Customers, which was published on 24 June 2010.

New on the Horizon: Fair value option for financial liabilities

This edition of New on the Horizon considers the proposed requirements of ED/2010/4 Fair Value Option for Financial Liabilities.

New on the Horizon: Defined benefit plans

This edition considers the requirements of ED/2010/3 Defined Benefit Plans - proposed amendments to IAS 19. It includes a discussion of the key elements of the proposals and highlights areas that may result in a change of practice.

New on the Horizon: Extractive Activities

This New on the Horizon considers the requirements of the DP Extractive Activities. It includes a discussion of the key elements of the proposals and highlights areas that may result in a change of practice.

New on the Horizon: Decommissioning in the extractive industries

In January 2010 the International Accounting Standards Board published a limited scope exposure draft on the measurement of liabilities, which should be of significant interest to companies in the extractive industries.

New on the Horizon: Measurement of liabilities in IAS 37

This edition considers the requirements of ED/2010/01 Measurement of liabilities in IAS 37. It includes a discussion of the key elements of the proposed requirements and respective observations.

New on the Horizon: ED/2009/12 Financial Instruments: Amortised Cost and Impairment

The proposals contained in the ED represent a significant change to the current requirement on recognition of impairment losses for financial assets and their presentation and disclosure in the financial statements.

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© 2012 KPMG, a Hong Kong partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. All rights reserved.

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