Hey everyone,
With the year-end reporting season in full swing, who has time to keep up with new developments? Don’t worry, I hear you!
This edition of Reporting Period is light and to the point, featuring two IASB webcasts and an insightful piece from The Footnotes Analyst team. It might even qualify as relaxing reading! …OK, maybe that’s a stretch 😉
In January, we also celebrated the IFRS Community reaching 3,000 members. Hopefully, you’re one of them!
Technical Publications
IASB webcast on PPAs
Following the release of amendments on nature-dependent electricity contracts, often structured as power purchase agreements (PPAs), the IASB released a webcast explaining these amendments.
For more details on these amendments, see the December edition of Reporting Period. Additionally, Deloitte and EY also published their technical analyses in January.
IASB webcast on proposed changes to provision accounting
Another IASB webcast explains proposed changes to IAS 37. For background, refer to the November edition of Reporting Period.
IFRS 19 disclosure tracker
The IASB released the IFRS 19 disclosure tracker, which conveniently maps disclosure requirements in IFRS 19 Subsidiaries without Public Accountability: Disclosures to their equivalents in other IFRSs.
The importance of IAS 12 for investors
Taxation is a major expense for most companies and thus plays a significant role in profitability and valuation. Steve and Dennis from The Footnotes Analyst explain why the effective tax rate matters to investors and equity analysts, and highlight the importance of reviewing income tax disclosures provided under IAS 12.
Work in Progress at the IASB
The IASB met on 28-29 January 2025, but as I finalise this edition of Reporting Period, the meeting notes have yet to be released. I’ll update you on any significant decisions in the next edition.
Miscellany
IFRS Community reaches 3,000 members!
January marked a major milestone as the IFRS Community welcomed its 3,000th member. With financial reporting season in full swing, we all know how quickly accounting issues can pile up (almost as quickly as unread emails after a long weekend). That’s where this community comes in! It’s the perfect space to share insights, ask questions, and tackle those issues together.
If you haven’t joined yet, head over to the forums homepage and register!
That’s all for this edition of Reporting Period. Your feedback is always welcome — feel free to reply to this email with any thoughts or suggestions.
Thanks for being a subscriber!
Best regards,
Marek