First Impressions publications

First Impressions are prepared for new standards or significant amendments to existing standards. These publications include a discussion of the key elements of the new requirements and highlight areas that may result in a change of practice.

To obtain printed versions of the available IFRS publications please email KPMG ISG

First Impressions: Offsetting financial assets and financial liabilities

IASB clarifies offsetting model. IASB and FASB issue common offsetting disclosure requirements.

First Impressions: Production stripping cost

This edition of First Impressions considers the requirements of IFRIC 20: Stripping Costs in the Production Phase of a Surface Mine issued on 19 October 2011.

First Impressions: Employee benefits

The amended employee benefits standard IAS 19 Employee Benefits, published on 16 June 2011, is the result of a lengthy process of post-employment benefit accounting considerations.

First Impressions: Fair value measurement

This edition of First Impressions considers the requirements of the new standard IFRS 13 Fair Value Measurement issued in May 2011.

First Impressions: Consolidated financial statements

Our First Impressions discusses the new approach for determining which investees should be consolidated. The new consolidation standard (IFRS 10) aims to develop a single consolidation model applicable to all investees.

First Impressions: Additions to IFRS 9 Financial Instruments

This edition of First Impressions considers the requirements of a new edition of IFRS 9 Financial Instruments issued in October 2010.

First Impressions: IFRS 9 Financial Instruments

This edition of First Impressions considers the requirements of the new standard IFRS 9 Financial Instruments issued in November 2009.

First Impressions: ED/2009/7 financial instruments: classification and measurement

The IASB currently is revising the accounting requirements for financial instruments.

First Impressions: IFRIC 17 distributions of non-cash assets to owners

The International Accounting Standards Board published IFRIC Interpretation 17 Distributions of Non-cash Assets to Owners on 27 Nov 08. Previously there was no specific guidance in IFRSs on the subject.

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