Here you can find an overview of our podcasts related to IFRS. Listen to the latest updates on COVID-19 and various other IFRS topics.
Gary Berchowitz, Rachel Rubinstein and Andrea Pryde discuss the costs relating to cloud computing and software as a service.
The interest in environmental, social and governance (ESG) and sustainability reflects that companies are no longer judged only on the basis of their profits - their effect on society also matters. Join Andrea Pryde and Henry Daubeney discuss recent developments in reporting about ESG and sustainability matters.
Hans Hoogervorst joins Andrea Pryde to reflect on his accomplishments as Chairman of the IASB. He shares his thoughts on the IASB and IFRS Standards, and considers the future for standard setting.
Join Andrea Pryde and Karsten Ganssauge as they discuss the issues from last week’s IFRS Interpretations Committee meeting, including the Targeted Long-term Refinancing Operations III transactions and an electricity retailer’s accounting for a Power Purchase Agreements in a Gross Pool Electricity Market.
Join Andrea Pryde, Mercedes Baño and Sergio Cravero for a discussion on the issues addressed by the IASB’s Exposure Draft on Lack of Exchangeability (Amendments to IAS 21).
Karsten Ganssauge updates us on the latest from the March and April IASB Interpretations Committee meeting where the Committee considered new topics relating to IFRS 16 and IAS 32, and finalised tentative agenda decisions relating to IAS 19 and IFRS 9.
In recent years we’ve seen an increased use of supplier financing arrangements, sometimes called reverse factoring arrangements. Supplier financing arrangements can allow entities to manage working capital more efficiently, typically in conjunction with a programme with a bank or financial institution. Hear Marie Kling explain the top five accounting considerations for supplier financing arrangements.
At the end of January the IASB published an exposure draft of a new accounting standard that would require companies subject to rate regulation to give investors additional information about the effects of rate regulation on their financial performance. The proposed Standard may have a significant impact for entities within its scope that do not currently have regulatory balances. Scott and Heather explain all in 20 mins.
A Special Purpose Acquisition Company (SPAC) is created with capital through an initial listing, with the intention that the SPAC later acquires or merges with one or more unspecified private operating companies (‘OpCo’). Where an OpCo is acquired by a publicly traded SPAC, it effectively becomes a public company without executing its own initial public offering (‘IPO’). Gary Berchowitz discusses the accounting challenges relating to them.
Cryptoassets are transferable digital assets that prevent copying or duplication. One of the most commonly known subsets are cryptocurrencies, which are mainly used as a means of exchange but also as an economic hedge or investment. However, accounting today may not align with users’ expectations of the transactions. Ryan explains all in 20 mins.
Karsten Ganssauge tells us what happened at the February IFRIC Meeting where they discussed three topics: Sale and leaseback of an asset in a single-asset entity, the preparation of financial statements when an entity is no longer a going concern, and the costs necessary to sell inventories.
Given all that has happened in 2020 and the continuing uncertainty in 2021 arising from the global pandemic, we expect that investors are going to be looking at how companies and auditors are comfortable that a going concern basis of accounting is appropriate and the disclosures around it. Katie Woods and Jamie Shannon discuss disclosures and judgements relating to material uncertainty about an entity’s ability to continue as a going concern.
In October 2020, the IASB decided to begin the post implementation review of the IFRS 9 classification and measurement requirements. The IASB plans to conduct outreach for the first phase of the PIR in the first half of this year targeting a request for information in the third quarter of 2021. Marie Kling explains what this means for the year ahead.
Hilary Eastman talks us through what investors want to know about 2020. What disclosures are investors expecting to see about COVID-19 in 2020 financial statements? What are their thoughts on ESG reporting? And where would they most like to see improvements? Find out more in this latest episode.
Scott Bandura talks us through how emissions trading schemes work and the accounting challenges. Is there a difference in accounting between granted and purchased allowances? Is there an obligation as emissions are generated? Find out about the challenges and current diversity in the accounting in this latest episode.
Karsten Ganssauge talks through the December IFRIC agenda. The episode focuses on supply chain financing; the impact of covenants on the classification of current or non current liabilities and whether customisation and configuration costs can be capitalised as intangible assets.
Paul Shepherd provides an overview of the discussion paper, business combinations – disclosures, goodwill and impairment. He summarises the proposals for additional disclosures, simplifications to the impairment test and the Boards consideration for goodwill amortisation. Find out all in the latest podcast.
Katie Woods walks through the impacts of COVID-19 on accounting for employee benefits - pensions, share based payments, bonuses, and termination benefits.
Darrel Scott talks about his time at the IASB including the IFRIC committee, the standard setting process, his personal successes and favourite all time standard.
Scott Bandura explains the importance of climate risk for both financial and non financial reporting. Does IFRS consider climate risk? How can it impact accounting? What are the latest developments around ESG reporting & assurance? Scott tells all in the latest episode.
In August 2020 the IASB concluded their IBOR reform project and issued the Phase 2 amendments. Chris Raftopoulos, Marie Kling and Mark Randall recap on Phase 2 and explain the key amendments - scope, contractual cash flow relief and hedge accounting.
Karsten Ganssauge talks through the September IFRIC Agenda. How to account for a sale and leaseback in a corporate wrapper and a proposed Board amendment to IAS 12, Taxes.
Katie Woods explains the judgements involved in accounting for revenue contracts over time in the scope of IFRS 15. How to measure progress; contract modifications, variable pricing and more.
In May 2020, the IASB released a package of narrow scope amendments on IAS 16, proceeds of testing, IAS 37, onerous contracts, IFRS 3, recognition of liabilities in a business combination and annual improvements 2018 - 2020 (IFRS 1, IAS 41 and IFRS 9 and IFRS 16.)
This podcast looks back at the last 33 years of the accounting life and times of Sandra Thompson, Global IFRS Financial Instrument Leader; her favourite accounting standards, proudest moments, and hints and tips on being a financial statement reviewer.
Gary Berchowitz (PwC UK) and Ruth Preedy (PwC UK) walk through the exposure draft on Primary Financial Statements which focuses on proposed changes to the statement of profit and loss. Management performance measures, unusual income and expense and new categories and subtotals - find out all in the latest episode of PwC IFRS Talks.
This podcast looks back at the last 38 years of the accounting life and times of Tony Debell, Global IFRS Technical Leader for 14 of those years; his favourite accounting standards, proudest moments, biggest changes in standard setting and his hints and tips on being an IFRS guru and financial statement reviewer.
Sandra Thompson (PwC UK) and Scott Bandura (PwC Canada) explain the latest on COVID-19 rent concessions. What is in scope of the amendment to IFRS 16? When is it effective? And what do lessors do even though they are not included in the amendment? Join Ruth Preedy, Sandra Thompson and Scott Bandura to find out the answers to all your questions.
Do you have intangibles that you use and then sell? Do you control subsidiaries that will pay tax when they distribute profits? Do you have sale and leaseback arrangements with variable leaseback payments? Are you engaged in supply chain financing or reverse factoring? If the answer to any of these is yes, listen to Karsten Ganssauge's (PwC Germany) summary of the June IFRIC meeting.
Join Gary Berchowitz and Ruth Preedy as they discuss several of the key COVID-19 issues to consider when preparing your interim reporting. Impairments, taxes, pensions, presentation and disclosure and lots more.
Governments all over the world are providing a number of reliefs to support businesses through this period of economic uncertainty. Some of those focus on taxes. In this episode, Dave Walters (PwC UK) analyses whether this assistance is in the scope of IAS 12 taxes. How are both current and deferred tax impacted, and what are the considerations for interim reporting?
The IFRS 9 expected credit loss (ECL) model for receivables can be challenging for Corporates, and COVID-19 has added a layer of additional difficulty. Marie Kling (PwC US) explains what Corporates need to consider when measuring ECL in the current environment. How do you update your groupings and forward looking information?
Gary Berchowitz (PwC UK) looks at how entities are presenting the impacts of COVID-19 in their financial reporting? What are regulators allowing in terms of adjustments to non-GAAP performance measures? Are entities allowed to present a separate line item for COVID-19 in the income statement? And what does the IFRS guidance say? Find the answers to all of those questions in this latest episode.
Ruth Preedy (PwC UK) and Iain Selfridge (PwC UK) look at the impact IFRS 16, leases has on IAS 36, impairment. How do you compare like with like in the impairment model, now most leases are on the balance sheet?
What has been discussed and debated at the April Interpretations Committee? Karsten Ganssauge (PwC Germany) talks through finalising an IAS 12, taxes paper and the research the staff performed on supplier financing arrangements, covering impacts on; the balance sheet, cash flow statement and disclosures.
What are the impacts of COVID-19 on hedge accounting? Are cash flow hedges still highly probable? Do hedges still meet the hedge effectiveness test? Marie Kling, PwC US, looks at both IAS 39 and IFRS 9 to help us understand the full impact.
COVID-19 has resulted in changes to loan agreements and payment schedules. How should these changes be accounted for in IFRS 9, Financial instruments? Marie Kling talks through modification, ECLs, business model assessments and more.
Scott Bandura explains the challenges of measuring fair value in a time of uncertainty. How do you value investment properties? Do discount rates need to change? How do you adjust your models? Ruth Preedy (PwC UK) and Scott Bandura (PwC Canada) discuss the principles of IFRS 13.
The COVID-19 pandemic has resulted in a number of different lease concessions. What do a lessor and lessee need to consider in accounting for these? Are they modifications or something else? Sandra Thompson (PwC UK) talks through all the judgements around lease concessions and explains the IASB guidance and exposure draft.
Is the COVID-19 pandemic an indicator of impairment in IAS 36? If yes, how do you do the impairment test in this uncertain time? How is risk factored into cash flows and the discount rate? Paul Shepherd and Ruth Preedy answer all those questions and more in the latest episode of PwC IFRS Talks.
Should entities incorporate the impact of COVID-19 in their Q1 2020 period end? Should you adjust the measurements of assets based on post balance sheet information? Is there a difference between an asset measured at fair value or a non fair value measurement. Gary Berchowitz (PwC UK) and Ruth Preedy (PwC UK) discuss all these questions in this latest episode.
In this episode we continue to discuss the impact of COVID-19 on financial reporting, as Sandra Thompson joins Ruth Preedy to discuss the IFRS 9 expected credit loss model.
Coronavirus (COVID-19) is having a significant impact on financial reporting. Gary Berchowitz (PwC UK) and Ruth Preedy (PwC UK) discuss some of the different government schemes aimed to support people and businesses. Are they all in the scope of IAS 20, Government Grants and if so how do you account for them?
Coronavirus (COVID-19) is having a significant impact on financial reporting. Join Tony Debell, PwC UK, and Ruth Preedy, PwC UK as they explain some of the key issues, including Q1 considerations, disclosures and impairment of both financial and non-financial assets.
Director and Leader Accounting Consulting Services, PwC Switzerland
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