IFRS News Q2 2016

We begin this second edition of the year by looking at amendments made by the International Accounting Standards Board (IASB), including changes that have been made to IFRS 15 Revenue. We also remind you of a couple of major pronouncements that some companies will be applying for the first time. We then go on to discuss two major Grant Thornton publications that have been issued in the last quarter. The first is designed to get you up to speed with the new expected credit loss model for financial instruments. The second one looks at how to make your financial statements an effective communication tool. Further on in the newsletter, you will find other IFRS related news at Grant Thornton and a general roundup of financial reporting developments. We finish with a summary