PPT-IFRS 9 Implementation Challenges

wwwpwciebanking 22 October 2014 Agenda Background to IFRS 9 The project and timetable for implementation Classification and measurement Overview of Expected credit losses in IFRS 9 Implementation . IFRS Developments Investment entities the plot thickens What you need to know The following are tentative decisions made by the IASB at the May and June An entity is no longer required to meet IFRS Developments IASB and FASB decide to make more changes to their new revenue standards What you need to know The IASB and the FASB agreed to amend the transition requirements in their ne F. Montes-. Negret. FinSAC. Coordinator, Vienna. October 21, 2014. Introduction. Welcoming Remarks;. We are certainly living in interesting times!. Major changes in the accounting, regulatory and institutional frameworks worldwide and in particular in the EU following the crisis;. ey.com/IFRS Issue 91 / Sept ember 2014 IFRS IASB concludes the 2012 - 2014 What you need to know  In September 2014, the IASB issued Annual Improvements to IFRSs 2012 - 2014 Cycle , whi Can Accruals Accounting Work in the EU . Work and w. hat . are the Challenges ahead . : A Personal Perspective?. VIEWS EXPRESSED IN THIS SESSION ARE PERSONAL AND DO NOT REFLECT IPSASB’s or IFAC’s VIEWS. IFAC/JACPA/WB . Workshop Addressing IFAC Statements of Membership Obligations (SMOs. ) #7 – IFRS Adoption and Implementation . Dead . Sea, . Jordan . January . 21, 2016. . . By. Ahmed . Qaid. . Ashaybani. Gavin Aspden FCA. Director. PwC’s Academy. Transition. When does IFRS 9 become mandatory?. Annual periods beginning on or after 1 January 2018. Early adoption permitted but. Cannot early adopt earlier editions of IFRS 9 (since 1 February 2015). Taxonomy . 2014. . Wladek . Krawiec . IT . Project Manager – IFRS Taxonomy . © 201. 4. IFRS Foundation. 30 Cannon Street | London EC4M 6XH | UK. www.ifrs.org. May. 2014. Agenda. The . IFRS Taxonomy. 1. The . IFRS for SMEs. Topic 1.5. Sections 3–8, 10, 30, 32 and 33 Financial Statement Presentation. 2. © 2011 IFRS Foundation. 2. . This PowerPoint presentation was prepared by IFRS Foundation education staff as a convenience for others. It has not been approved by the IASB. . OVERVIEW | IMPLEMENTATION CHALLENGES . Rajeev . Dimri | Partner. GST – Why so much noise…. GST: IMPLEMENTATION CHALLENGES. 3 | . 3. | . Excise Duties including the additional excise duties . Cesses in the nature of excise duty /customs duty. OVERVIEW | IMPLEMENTATION CHALLENGES . Rajeev . Dimri | Partner. GST – Why so much noise…. GST: IMPLEMENTATION CHALLENGES. 3 | . 3. | . Excise Duties including the additional excise duties . Cesses in the nature of excise duty /customs duty. www.pwc.com. IFRS 13 Fair Value Measurement. Objectives. Provide single source of guidance . Clarify definition of fair value. Provide clear framework for measuring fair value . Enhance fair value disclosures. The Benefits of Reading Books Understand the implementation challenges they may encounter during the implementation of the CP model to be able to anticipate and mitigate those . Understand how they have been addressed by CoH.