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Lease incentives may take various forms depending on the negotiation between the lessee and the lessor. How can you identify a lease incentive and when does the accounting treatment change?
The global IFRS team at Grant Thornton International Ltd share their insights on topical areas of IFRIC 23.
How have the amendments to IFRS 3 changed the definition of a business?
Need help identifying the IFRS 16 presentation and disclosure requirements? We provide a series of examples illustrating one possible way they might be presented.
Deciding which payments need be recognised in the measurement of the liability and how changes in those payments are recognised often involves considerable judgement.
In light of IFRS 15, what does it mean for an asset to have ‘no alternative use’ when dealing with a contract for the sale of a single apartment contained within a multi-unit residential complex currently under construction?
Under IFRS 16 Leases, determining the correct lease term is significant for a number of reasons, find out why in our latest IFRS 16 insight.
How do you treat a variable lease payment in the financial statements of an interim period?
Are you prepared for IFRS 16? Do you understand the discount rate? Find out more
Our IFRS Viewpoint series provides collective insights from global IFRS advisors and experts in Grant Thornton on applying IFRSs in challenging situations
The IASB has published a revised Conceptual Framework that clarifies and updates its existing guidance that was published in 1989 and updated in 2010. It also fills gaps in areas where there was no or only little guidance.
In this Viewpoint, we explore the acceptable methods of accounting for holdings in cryptocurrencies while touching upon other issues that may be encountered when accounting for cryptocurrencies.
This IFRS viewpoint addresses whether to treat the acquisition of an investment property as an asset purchase or a business combination. This is an important issue because the IFRS accounting requirements for a business combination are very different from asset purchases.
Grant Thornton looks at the potential impact of IFRS 15 'Revenue from Contracts with Customers' for revenue recognition in the retail industry.
Grant Thornton looks at the potential impact of IFRS 15 'Revenue from Contracts with Customers' for revenue recognition in the manufacturing industry.