Accounting News, March 2014

Sheryl Levine |

In this edition, we look at some of the practical implementation issues that the new fair value standard, AASB 13 Fair Value Measurement will have on measuring the fair value of derivatives, as well as the latest developments on IFRS 9 Financial Instruments and the withdrawal of AASB 1031 Materiality. The International Accounting Standards Board is also seeking comment as part of their post-implementation review of IFRS 3 Business Combinations.

In this issue

  • AASB 13 practical implementation issues for derivative valuations
  • IFRS 9 developments - New effective date and final version to override earlier versions
  • Withdrawal of AASB 1031 Materiality
  • Post-implementation review of IFRS 3 Business Combinations
  • New BDO publications
  • Comments sought on exposure drafts