IFRS Perspectives - Q4 2017

Complex assets often comprise multiple parts that need to be periodically replaced or overhauled during their useful lives.

Hedge accounting got an overhaul as the IASB took a comprehensive approach to revise its hedge accounting guidance with US GAAP and IFRS bringing changes.

While companies are making progress in their IFRS 16 implementation efforts, KPMG’s survey highlights the need for greater effort and a longer lead time than expected.