Katie Woods walks through the impacts of COVID-19 on accounting for employee benefits - pensions, share based payments, bonuses, and termination benefits. 

Darrel Scott talks about his time at the IASB including the IFRIC committee and the standard setting process. 

Scott Bandura explains the importance of climate risk for both financial and non financial reporting. Does IFRS consider climate risk? How can it impact accounting? What are the latest developments around ESG reporting & assurance? Scott tells all in the latest episode.

In August 2020 the IASB concluded their IBOR reform project and issued the Phase 2 amendments.  Chris Raftopoulos, Marie Kling and Mark Randall recap on Phase 2 and explain the key amendments - scope, contractual cash flow relief and hedge accounting. 

Karsten Ganssauge talks through the September IFRIC Agenda. How to account for a sale and leaseback in a corporate wrapper and a proposed Board amendment to IAS 12, Taxes.

Katie Woods, an expert in IFRS 15 and revenue recognition, shares her insights into the complexities of accounting for over-time revenue contracts. She breaks down the three criteria that define such contracts and explains the significance of progress measurement methods. The discussion highlights the challenges of revenue recognition in construction contracts, especially with multiple performance obligations. Additionally, Woods emphasizes the critical aspects of contract modifications and the need for careful assessments of pricing and allocation to ensure accurate revenue reporting.

In May 2020, the IASB released a package of narrow scope amendments on IAS 16, proceeds of testing, IAS 37, onerous contracts, IFRS 3, recognition of liabilities in a business combination and annual improvements 2018 - 2020 (IFRS 1, IAS 41 and IFRS 9 and IFRS 16.)

This podcast looks back at the last 33 years of the accounting life and times of Sandra Thompson, Global IFRS Financial Instrument Leader, PwC UK; her favourite accounting standards, proudest moments, and hints and tips on being a financial statement reviewer. 

Join PwC professionals as they discuss the proposed changes to the statement of profit and loss exposure draft in 20 minutes.

This podcast looks back at the last 38 years of the accounting life and times of Tony Debell, Global IFRS Technical Leader for 14 of those years; his favourite accounting standards, proudest moments, biggest changes in standard setting and his hints and tips on being an IFRS guru and financial statement reviewer.