Howlite Consulting Inc.

Incase you missed it:

Fresh off the press is the latest publication from the Foundation, the 2022 Issued and Annotated Issued IFRS Standards. Both editions are available to access electronically to IFRS Digital subscribers. Digital and print subscribers will also receive hard copies. Order your copy at ifrs.org/shop.

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IFRS 17: Insurance Contracts. IFRS 17 presents a significant change in the way insurance companies and other financial services companies that issue insurance contracts must account for and report their financial performance under IFRS. IFRS 17 will be mandatory for reporting periods beginning on or after January 1, 2021. While the objective of IFRS 17 is to improve transparency and comparability, the standard is significantly detailed and complex, and will require considerable effort to implement. Read the full article @ https://howliteinc.com/ifrs-17-insurance-contracts/

The new hedge accounting model under IFRS 9 will have a significant impact on non-financial entities. While the new hedge accounting model has a less cumbersome approach compared to IAS 39, it has significant disclosure requirements that will need close review by entities.
Read the full article @
https://howliteinc.com/summary-impact-of-ifrs-9-on-non-financial-entities/

Implementing IFRS 15: The new revenue recognition standard

As the effective date of January 1, 2018 draws near, many businesses have initiated the process of analyzing the effects of the new revenue recognition standard, IFRS 15: Revenue from Contracts with Customers. However, only a few have taken the next critical steps of diving deep and implementing the new standard requirements. While the overall principles in IFRS 15 may sound familiar, the devil is in the details. The new standard introduces a significant amount of guidance and many new concepts on revenue recognition, cost recognition and requires significant disclosures.....
see the full article @
https://howliteinc.com/implementing-ifrs-15-the-new-revenue-recognition-standard/