Talk:International Financial Reporting Standards

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Archive 1

IAS 29

Do the "critiques" mentioned about IAS 29 have any other sources? It seems odd that the only example of the widespread criticism is one paper, which is then quoted repeatedly in the critiques. Was just reading through the page while procrastinating studying for an accounting exam, and it seemed odd and out of place.

Shaso999 (talk) 07:48, 23 May 2016 (UTC)

Agreed, now removed.Swinnow16 (talk) 16:05, 27 August 2019 (UTC)

Offsetting

Could somebody add a half-a-sentence description of what is offsetting in the sentence that mentions that it is forbidden according to IFRS? Cristiklein (talk) 05:50, 20 June 2016 (UTC)

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Problems with the Adoption section

I am concerned about the adoption section of this page. For full disclosure I am the website manager for ifrs.org, and my main remit is the transparency of accurate information regarding IFRS Standards. I am completely comfortable with people having opposing views as to the usefulness of IFRS Standards, but I find the adoption section a little troublesome.

One issue is that it is an incomplete list of adopting countries. By definition this makes it an arbitrary list, and it is clearly impossible to maintain a full list of what is now 144 countries who have adopted the Standards.

The second issue is similar - we cannot possibly maintain the accuracy of adoption status for any list of countries here. The information pertaining to the countries listed is in most cases many years out of date, and therefore misleading to users. At the IFRS Foundation we know how difficult it is to speak to the regulators in each country to maintain the information we have, so doing so here is simply an impossible task.

I would like to propose the following, and I welcome your thoughts:

1) Keep the intro to the adoption section (with some minor edits to the final paragraph by myself to ensure accuracy - such as the number of currently profiled jurisdictions)

2) Add a paragraph below which suggest where users can find information about adoption status. I suggest linking to the relevant sections of three sites - the IFRS Foundation, the World Bank and IFAC (the International Federation of Accountants which lists information on the adoption of international standards by country)

3) Deleting all the individual country/jurisdiction information

Thanks all. Bletham77 (talk) 15:58, 15 May 2019 (UTC)

Agreed. I'll have a go at making these edits in a few days time subject to any further comments received. I'm aiming to go through other sections of the article first, starting with the introduction which is very long.

Swinnow16 (talk) 17:15, 28 July 2019 (UTC)

Cheers Swinnow16. I've prepped an adjusted opening paragraph as mentioned above, and as no-one else has mentioned anything I plan to add this and remove all the jurisdiction adoption sections tomorrow.

Thanks. Bletham77 (talk) 15:54, 29 July 2019 (UTC)

That looks good.

I've now added two sections; 'History of IFRS' and 'IFRS and US GAAP'. It seems to me that the re-written 'Adoption' section would sensibly go right after 'History of IFRS' - I'd be interested in other views. What about merging the section 'Consequences of adopting IFRS' into 'Adoption'?

Swinnow16 (talk) 16:20, 31 July 2019 (UTC)

These updates seem reasonable to me. However, Bletham77 (talk · contribs), please consider reviewing WP:COI as it seems you have a conflict of interest. II | (t - c) 19:58, 2 August 2019 (UTC)

Thanks II. I understand your point, and I made every attempt to be open and honest right from the start. No changes were based on subjectivity, and everything was explained as clearly as possible. The only objective was to remove false or misleading information, and I left my proposals for two months before making any changes. I'm hoping that editors will understand this. Bletham77 (talk) 08:20, 6 August 2019 (UTC)

Swinnow16, I like your introductions. Regarding placement of the adoption section, I'm not fussed at all - happy for it to remain where it is or be moved to the beginning. As for the 'Consequences' section, I am highly dubious whether we should even have one paragraph discussing the complex nature of the consequences of a worldwide set of Standards being applied in hundreds of differing jurisdictions, but I won't get involved. :-) I do think it's worth keeping separate though, if only to highlight this.

Bletham77 (talk) 08:20, 6 August 2019 (UTC)

Conceptual Framework

I've grouped together the sections in the article which derive largely from IASB's Conceptual Framework. However, I've not edited the underlying material yet. I'll do so over the next couple of weeks unless anyone else has a go.

Swinnow16 (talk) 16:05, 27 August 2019 (UTC)

Accounting grade10 question papers2021

Term4 2021 question papers 41.114.3.213 (talk) 19:27, 24 November 2021 (UTC)

IFRS ar kaj 223.191.54.93 (talk) 11:31, 9 February 2024 (UTC)

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