The statement marks the culmination of consideration to comments received from two exposure drafts published in 1997 and 1999 and applies to measurements that use cash flow information on the initial recognition of assets or liabilities, in fresh measurements, or in interest methods of allocation.
Senior project manager Wayne Upton said: ‘This is the first concepts statement to address specific measurement and to articulate a measurement objective.’
The statement describes techniques for estimating cash flows and interest rates, the role of risk and uncertainty, and the application of present value in the measurement of liabilities.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.