neoaccounting

The International Accounting Standards Board (Board) today has published for public comment a  Discussion Paper  on how companies issuing financial instruments should classify them in their financial statements. IAS 32  Financial Instruments: Presentation  currently sets out how a company that issues financial instruments should distinguish financial liabilities from equity instruments. That distinction is important because the classification of the instruments affects how a company’s financial position and performance are depicted. IAS 32 works well for most financial instruments. However, continuing financial innovation means that some companies find it challenging to classify some complex financial instruments that combine some features of both debt—liabilities—and ordinary shares—equity instruments. Challenges in classifying these instruments can result in diverse accounting in practice, which in turn makes it difficult for investors to assess and...

IFRS Chairman, Hans Hoogervorst When:  June 28, 2018 Where:  IFRS Conference, Frankfurt Introduction Good morning and welcome to our main European conference for 2018. It is always a pleasure to travel to Frankfurt, home of the European Central Bank and an increasing number of bankers escaping Brexit. I would like to begin by thanking you all for your interest in our work. I also wish to thank Andreas Barckow and the members of the Deutschen Rechnungslegungs Standards Committees (DRSC) for their excellent cooperation. The DRSC has an influential voice in our standard-setting activities, and does a great job representing the views of German stakeholders. We have a fantastic programme for you over the next two days. Around a third of our Board and most of our senior technical staff are with us during the conference. That is important, because we’ve got a lot of ground to cover. We have workshops on recently issued Standards, and we ...