By DAVEN ROBERTS
To continue our tradition of updating financial management, board directors, and audit committees on today’s hot topics, BDO USA’s IFRS experts have provided updates on recent developments in relation to IFRS.
Watch some highlights of the webinar below:
Wendy Hambleton, National Assurance Partner for BDO USA explains why accounting professionals should care about new standards that have been issued at the international level but are not yet effective. She gives pointers for how companies should tackle disclosures in regards to these standards.
Wendy furthers her discussion by addressing IFRS agenda decisions, and how they differ from acts of explicit authoritative guidance. She also presents the main questions addressed by agenda decisions in the past year.
Andrew Moore, National Assurance Senior Manager for BDO USA speaks with the audience about convertible instruments. He addresses how a company should deal with each form of convertible feature and highlights the key standards a company should consider in decision making.
To advise professionals on their approach to convertible notes, Andrew covers the relevant requirements for classifying a financial instrument as equity by introducing the two key principles they should be observing.
Nattaly Jeter, National Assurance Director for BDO USA breaks down the amendment made to IAS 37 by ISB in May 2020, which qualifies the costs to fulfill a contract. She gives an example of the accounting for contracts both prior to and following the amendment.
