- The increased use of fair value measurement and amortised cost (rather than cost), particularly in the financial services sector and for financial instruments such as interest rate hedges;
- Greater use of discounting;
- More capitalization or deferral of costs that may have been expensed previously, e.g. development costs;
- More recognition of specific types of intangibles;
- The treatment of actuarial differences on defined benefit pension schemes;
- The recognition of share options granted to, and other share based payments made to, employees as an expense of the employer;
- A prohibition of the use of the closing rate to translate foreign operations and the introduction of a new option to present results in any currency;
- New rules for accounting for foreign exchange forward contracts;
- Splitting certain bonds into debt and equity components;
- Acceleration or deferral of income due to new income recognition rules;
- New accounting disclosures.
No comments:
Post a Comment