IFRS 18 does not change the accounting rules for recognising revenue, valuing assets or measuring expenses. Instead, it changes the layout and discipline of financial reporting.

Forbes contributors publish independent expert analyses and insights. Mary Foley covers ESG & sustainability regulation. Just about one year ago, I wrote in these pages that the sustainability ...

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THERE IS A CLEAR TREND toward adopting IFRS as the single body of internationally accepted financial reporting standards. In the next few years, thousands of companies will move to IFRS as a primary ...

IN many boardrooms, financial statements are treated like a sealed envelope. They are opened briefly, reviewed for key figures, then quietly set aside once the auditors have signed. The assumption is ...

The International Financial Reporting Standards Foundation has published a set of near-final examples showing how companies can improve the reporting of uncertainties in their financial statements ...

Financial statements report the business activities and financial performance of a company. Learn how they are used by executives, investors, and lenders.

In the wake of the Asia financial crisis of 1997-1998, market participants raised serious concerns about the reliability of reported financial data and the use of lenient or even “creative” accounting ...

LONDON, ENGLAND - FEBRUARY 01: A Union Jack flag flutters in front of the Elizabeth Tower, commonly known as Big Ben on February 1, 2017 in London, England. (Photo by Jack Taylor/Getty Images) The ...

For over ten years, companies in Australia have been reporting on their sustainability efforts using a range of voluntary frameworks and global standards. Having multiple reporting frameworks without ...