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Rp�kHe��^�%e2�ha,v���M��Q��%s�.��� �s���g��T��`�!�9���Wnng �|m��l>˚��Zzv��x��[{5o�ֳE�Mgwq�������_{�m�6��w���^�:/Wgӥ/ۼݝ�;�ʛ�ޝ ��g���ͦ�k\�E�,h����ܷ�pB�g�k��[�N���R[vYd�PVe;UߒU����"oiX���y�;�ޏa��խ�a\�ϻ���%�n4�)[{6���v4�Mz4�1�EV�y[�v���@4��ũ9g�6+�Ű\� H�dSMO�0��W�і���$^!$��@� ���!�RD�n?���o�.�!����� ���Fㅥ�ev���,��\el��<7����6�4�g9wY�`�XP��EI���`��p���@�I6�Κl�4LL�����V��D�(T�q1xj٣:�9��fkX-t^��N���r5��S�ν ���ܱ�r�GzDv�Kg Application guidance. • Existing IFRS revenue recognition guidance is being replaced • IFRS 15 introduces a new 5-step model with a focus on when ‘transfer of control’ occurs (rather than when ‘risk and rewards’ pass) IFRS 15 must be adopted fully retrospectively by a first time adopter, hence the simplified transition method is not available. The standard should be applied retrospectively unless impracticable. Factoring of receivables and the effect on the cash flow statement. %PDF-1.7 %���� In some cases, IFRS 15 will require significant changes to systems and may significantly affect Not adopted at time of publication 8 1 January 2022 Amendments to IAS 1, ‘Presentation of financial statements’, on classification of liabilities Annual periods on or after 1 Jan 2022 Early adoption is �b���,��9�g��f�R*3�O)�۸�=���c��-i��#t}�ܵ����*��� R�"# reporting periods beginning after 15 December 2016 (for example, 1 January 2017 for an entity with a 31 December year end) under US GAAP. H��R�j1��+��H�l��= IFRS news November 2019 PwC | 5. IFRS 1 mirrors the transition guidance set out in Appendix C of IFRS 17. �_�Gu�S�u�]/�Լ� �@���3���}.���i��N-�:*�?��j o��Vxg�/�56������ �|��V��K�de�oM�r����N�7+���r5Y�1�o� ���s�4�] �_ ��- At a glance. PwC Jeudi 3 juillet 2014 Intervenants 2 Philippe Vogt Associé PwC 01 56 57 84 20 philippe.vogt@fr.pwc.com Olivier Schérer Associé PwC 01 56 57 69 65 The latest on IFRS 17 implementation. Vi har medtaget et kort afsnit om forskellene mellem IFRS 15 og årsregnskabsloven, så pub-likationen derved også kan bruges i de virksomheder, som første gang skal over på IFRS. In this webcast, our experts discuss their practical experiences from the market as well as the challenges and opportunities presented by the new IFRS 15 revenue standard. The IASB has issued amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 that address issues arising during the reform of benchmark interest rates including the replacement of one benchmark rate with an alternative one. IFRS 17, ‘Insurance contracts’ Annual periods on or after 1 Jan 2021 Early adoption is permitted once IFRS 15 and IFRS 9 are applied. The IASB considered a summary of the feedback gathered during outreach on the . 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