Insights into IFRS 16

21 Dec 2018

This Accounting Alert is issued to provide key concepts about IFRS 16, Leases, in anticipation of its mandatory adoption beginning January 1, 2019.

SEC Memorandum Circular 2018-14 – PFRS 15 Implementation Issues Affecting Real Estate Industry

17 Nov 2018

This Accounting Alert is issued to provide guidance relating to the Securities and Exchange Commission's (SEC or the Commission) resolution regarding some implementation issues affecting the real estate industry brought about by the adoption of PFRS 15, Revenue from Contracts with Customers, as discussed in the Memorandum Circular (MC) No. 2018-14 issued by the Commission on October 29, 2018.

Accounting for Client Money

19 Oct 2018

This Accounting Alert is issued to provide guidance on "client money".

Third Quarter Edition of IFRS News

01 Aug 2018

This Accounting Alert is issued to provide quarterly update on all things relating to International Financial Reporting Standards (IFRS). This brings readers up to speed on topical issues, provide comment and points of view and summarizes any significant developments.

Accounting for Crypto Assets

24 Jul 2018

This Accounting Alert follows an earlier IFRS Viewpoint entitled "Accounting for Cryptocurrencies - The Basics" which was issued on May 17, 2018.

Accounting for Cryptocurrencies

17 May 2018

Accounting for cryptocurrency assets does not fit easily within the IFRS framework. For reasons which we will explain, our view is that in the majority of cases, it will be appropriate to account for them in accordance with IAS 38 ‘Intangible Assets’ either at cost or at revaluation.

IFRS Alert: Amendment to IAS 19 - Plan Amendment, Curtailment or Settlement

14 Feb 2018

The International Accounting Standards Board (IASB) has published ‘Plan Amendment, Curtailment or Settlement (Amendments to IAS 19)’. The amendments require companies to use updated actuarial assumptions to determine pension expenses following changes to a defined benefit pension plan.

GTIL IFRS News First Quarter 2018 Edition

02 Feb 2018

This Accounting Alert is issued to provide quarterly update on all things relating to International Financial Reporting Standards (IFRS).

2018 Filing of Annual Financial Statements and General Information Sheet

25 Jan 2018

This Accounting Alert provides reminders to all entities registered with the Securities and Exchange Commission (SEC or the Commission) in relation to the filing of their 2016 Annual Financial Statements (AFS) and General Information Sheet (GIS).