GAA Accounting

The Journal of the Global Accounting Alliance

16/06/2017
by GAA Accounting
Comments Off on Are you ready for the fundamental overhaul of insurance accounting?

Are you ready for the fundamental overhaul of insurance accounting?

By Carol Hislop The International Accounting Standards Board (IASB) has issued a new standard which will have significant operational implications for companies. International Financial Reporting Standard (IFRS) 17 Insurance Contracts replaces IFRS 4.

16/06/2017
by GAA Accounting
Comments Off on What’s next for corporate reporting: time to decide?

What’s next for corporate reporting: time to decide?

What does the future of corporate reporting look like, what are the opportunities and challenges and where are the barriers to change? This report captures the views of key stakeholders on the topic, puts forward principal policy options and invites … Continue reading

06/12/2016
by GAA Accounting
Comments Off on What to expect from the forthcoming Insurance Contracts standard

What to expect from the forthcoming Insurance Contracts standard

After 20 years in the making, we are seeing heightened anticipation for the forthcoming Insurance Contracts standard. What does the new standard mean for us? This article outlines the background of the standard.

18/08/2016
by GAA Accounting
Comments Off on HKFRS 9 and the impact on classification and measurement for financial assets

HKFRS 9 and the impact on classification and measurement for financial assets

At first glance, the new classification and measurement requirements in HKFRS 9 Financial Instruments (equivalent to IFRS 9 of the same title) may not seem very different from what we have today. In fact, the new requirements (to supersede HKAS … Continue reading

18/08/2016
by GAA Accounting
Comments Off on HKFRS 15 and its impact on real estate developers

HKFRS 15 and its impact on real estate developers

How to account for sales incentives and selling costs incurred on real estate apartment sales contracts. Introduction The Institute published an article in A Plus August 2015 issue, the first in a series of articles, which discusses the impact of … Continue reading

16/06/2016
by GAA Accounting
Comments Off on The future landscape of financial reporting disclosure

The future landscape of financial reporting disclosure

The International Accounting Standards Board’s Disclosure Initiative explores how disclosures in financial reporting can be improved. The Disclosure Initiative is made up of a number of implementation and research projects which, collectively, will ultimately have a universal impact on the … Continue reading