The International Financial Reporting Interpretations Committee (IFRIC) has released IFRIC Draft Interpretation D2 Changes in Decommissioning, Restoration and Similar Liabilities. The proposed Interpretation contains guidance on accounting for certain changes in decommissioning, restoration and similar liabilities that are recognised both as part of the cost of an item of property, plant and equipment in accordance with IAS 16 Property, Plant and Equipment and as a liability in accordance with IAS 37 Provisions, Contingent Liabilities and Contingent Assets. More specifically, the proposal addresses accounting for changes in (i) the estimated outflow of resources embodying economic benefits (eg cash flows); (ii) the current market-assessed discount rate; and (iii) an increase that reflects the passage of time (also referred to as the unwinding of the discount). The proposal is open for public comment until 3 November 2003.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more