The arrival of new Reporting Standard, IFRS 2, will force companies to accept significant changes to their organisation, according to a report by PricewaterhouseCoopers. The standard will mean that costs relating to share-based payments have to be measured and recognised in the income statement. Previously under IFRS, only the nature and terms of share arrangements had to be disclosed and recognition was voluntary, making a charge in the income statement something of a rarity. Ian Wright, Global Corporate Reporting Leader at PricewaterhouseCoopers, commented: ‘[The standard] will highlight important differences between companies – today, earnings look the same for companies that use share options extensively and those that do not.’ Analysts will show a keen interest in the amounts that will appear in the income statement, said PwC, as companies may need to move quickly to determine the effect of the standard, before the implementation date of 1 January 2005, added PwC.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.