Fin. Reporting Matters

Each month, the international Accounting Standards Board (IASB) which is the body saddled with the responsibility of issuing the international Financial Reporting Standards (IFRS) meets to discuss issues concerning the financial Standards.   In  this article article we will discuss latest issues on International Financial Reporting Standards (IFRS) particularly with respect to the agenda presented…

The International Accounting Standards Board (IASB), the body saddled with the responsibility of issuing International financial reporting Standards (IFRS) meets Monthly to deliberate and take decisions on issues. This article dscusses the February 2024 meeting and main discussions/Decisions arrived at. IASB February 2024 Meeting – Date And Venue The IASB met in London on 19-22…

The International Accounting Standards Board (IASB) is the board saddled with the responsibility of setting and issuing international Finance Repointing Standards (IFRS). To carry out it’s work, the IASB usually meets monthly except in August. In this article, we will look into the details of issues discussed and tentatively decided on by the IASB during…

iFRS Sustainability Standard 2 (IFRS S2) is the 2nd of the 2 new sustainability standards issued recently by the International Sustainability Standards Board (ISSB). In this article we will discuss the basic information you need to know about IFRS S2 including it’s effective date, objective, overview and historical background. IFRS S2 Effective Date IFRS S2…

It’s no longer need that IFRS Sustainability Standard 1 has been issued and has already taken effect. In this article, we will take a look at  the overview of this standard including the basics you need to know about it. IFRS S1 Effective Date IFRS S1 is effective for annual reporting periods beginning on or…

Are you a small business owner looking for an affordable accounting app to help manage your business accounting process, then search no more as QuickBooks Accounting app is there to fill this need. With QuickBooks Accounting app you can Create invoices, manage expenses and view your small business finances with ease. The information provided in…

In recent years, discussions around the environment and climate has been prevalent in many countries. Many are increasingly concerned about the climate and the environment and the effect activities of businesses are having on them and keep pushing for actions on the part of the authorities to minimize the adverse effects of these businesses on…

The International Accounting Standards Board (IASB) has concluded its decision-making on two projects—its final steps before drafting and balloting two new IFRS Accounting Standards that are expected to be issued in 2024. This article highlights the two new international Financial Reporting Standards (IFRS) expected to be issued in 2024 by the International Financial Reporting Standards…

The International accounting Standards Board (IASB) is a body saddled with the responsibility of issuing international Financial Reporting Standards (IFRS). To fulfil this responsibility, the board meets once in a month to deliberate on IFRS issues. This article dicusses the main issues discussed and agreed on by the IASB which met on 22–25 April 2024….

As the global business landscape continues to evolve, the need for consistent and transparent financial reporting becomes increasingly crucial. The International Financial Reporting Standards (IFRS), are a set of accounting standards developed by the International Accounting Standards Board (IASB). Some of these standards are set to undergo significant changes with effect from January 1, 2024….