novus IFRS 3rd Edition 2021

Re­verse fac­to­ring is an in­cre­asin­gly po­pu­lar op­tion for pre-fi­nan­cing a com­pany's suppliers. In con­trast to con­ven­tio­nal fac­to­ring, the in­itia­tive co­mes from the cu­st­omer and not from the supplier. In this no­vus IFRS, we in­form you about how the IDW, with the draft amend­ment IAS 1-M1 (Re­verse Fac­to­ring) to IDW RS HFA 50, has cla­ri­fied the ques­ti­ons of whe­ther the pre­vious ob­li­ga­tion from de­li­ve­ries and ser­vices is to be de­re­co­gnized or whe­ther it is to be In ad­di­tion, we will pro­vide you with in­for­ma­tion on the la­test de­ve­lop­ments in the field of fi­nan­cial re­por­ting. In ad­di­tion, we pre­sent the la­test IASB pu­bli­ca­ti­ons "Sub­si­dia­ries not pu­bli­cly ac­coun­ta­ble: Dis­clo­sures in the no­tes" and "First-time ad­op­tion of IFRS 17 and IFRS 9 - Com­pa­ra­tive in­for­ma­tion".

IN FO­CUS

• IDW publis­hes draft mo­dule IAS 1-M1 (Re­verse Fac­to­ring) for IDW RS HFA 50

IASB und IFRS IC

• IASB publis­hes Ex­po­sure Draft ED/2021/7 “Sub­si­dia­ries wi­thout pu­blic ac­coun­ta­bi­lity: Dis­clo­su­res”
• IASB publis­hes Ex­po­sure Draft ED/2021/8 “In­itial Ap­pli­ca­tion of IFRS 17 and IFRS 9 -Com­pa­ra­tive In­for­ma­tion”

EU-EN­DOR­SE­MENT

• EU-En­dor­se­ment of se­veral amend­ments to IFRS stan­dards
• EU-En­dor­se­ment Sta­tus Re­port