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.
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