IFRS Perspectives - May 2017

Non-GAAP financial measures are thriving

When properly used, non-GAAP financial measures supplement the GAAP information to provide investors with relevant and useful additional information about a company’s financial performance, financial condition or cash flows and liquidity.

Brexit: IFRS considerations for US companies

Brexit brings regulatory uncertainty and market volatility, affecting the financial statements of US companies with significant UK operations.

IFRS 15: Our five tips for a successful implementation

Implementing IFRS 15, Revenue from Contracts with Customers, is the 2017 hot topic for many IFRS preparers in the run-up to the January 1, 2018 effective date for calendar year-end companies.

IFRS combined and/or carve-out financial statements

Below we highlight key accounting areas requiring judgment when a company is preparing combined and/or carve-out financial statements.

IFRS vs. US GAAP: Liability/ equity classification

The general principles that drive the classification of a financial instrument as a financial liability or as equity under IFRS are outlined below.