• Accounting News - July 2018

In this issue

In this edition, we delve into more detail on specific aspects of the ‘triple threat’ new accounting standards, this month focusing on ‘Step 2’ of the new revenue standard, IFRS 15 Revenue from Contracts with Customers, and whether we have a lease in IFRS 16 Leases.

We also continue our series articles, common errors when accounting for PPE (depreciation issues), and convertible notes, this month illustrating conversion features that would result in failing equity classification, as well as features that would result in meeting equity classification.

Lastly we consider the latest agenda decision of the IFRS Interpretations Committee on classification of short-term loan and credit facilities.

Download a copy of the July 2018 Edition of Accounting News.