Accountants and auditors need to be more familiar with four contemporary financial-reporting issues. Disclosure of judgements and estimates is generally poorly done. Determining an appropriate discount rate is a complex reporting area that can lead to estimation uncertainty and errors. Supply-chain financing is a technique used by some companies, but what are the financial-reporting rules? IFRS Interpretations Committee decisions can fly under your radar. Don’t be caught unawares.
This session will discuss:
- The requirements for disclosure of judgement and estimates – what is good and not-so-good practice
- The different discounts rates and how practices and disclosures can be improved
- Reporting supply-chain finance
- Recent IFRIC decisions, and
- Other contemporary issues.
