Pensions Accounting
Hoogervorst decrees
03 Jun 2013
Unless you are an actuary, trustee or policy wonk, it is unlikely that the IASB’s conceptual framework project – the basis for International Financial Reporting Standards (IFRS) – is high on your...
A history lesson
02 Apr 2013
In order to understand why the IASB and the IFRS Interpretations Committee will struggle to identify a principle behind the IAS19 discount-rate objective, let us delve into the history of how the...
Discount-rate saga runs
01 Mar 2013
Back in January, this column posed a simple question: Can they fix it? The ‘it’ was the so-called six-A discount rate question. This teaser started in October 2012 as a request to the International...
IAS19 in 2013
01 Feb 2013
The priorities facing defined-benefit plan sponsors who report under IAS19 during 2013 split neatly between short-term volatility concerns and the longer-term challenge of implementing IASB’s recent...
Some good IAS19 news
01 Dec 2012
And the good news is praise for IAS19. As an antidote to the usual depressive outlook of this column, this month we have 800 words about what IAS19 does well.
If at first you don’t succeed...
01 Nov 2012
It was only a matter of time before the issues left unresolved by the International Accounting Standards Board’s (IASB) 2006 pensions accounting project landed on the desk of the International...
A man on the moon? Easy
01 Oct 2012
IFRIC Draft Interpretation D9, Employee Benefit Plans with a Promised Return on Contributions or Notional Contributions, refuses to die. And breathing fresh life into pension accounting’s very own...
Willingly deceived
02 Jul 2012
The world wants to be deceived and deceived it will be. The Roman satirist Petronius’s acerbic critique of human nature is a convenient introduction to an issue in front of the IFRS interpretations...
Don’t hold your breath
01 Jun 2012
In short, the answer is ‘no’. The International Accounting Standards Board (IASB) is not going to add a pensions accounting project to its agenda. What it will do, is tinker around the edges. And...
Garbage in, garbage out
01 May 2012
If you work in accountancy you will have been far too busy since 2009 with the chaos created by David Tweedie out of the International Accounting Standards Board’s workplan to worry too much about...
Property valuation
02 Apr 2012
Any business that wants to stay in business needs to recognise revenue. And conveniently enough, recent machinations at the IASB have combined in a perfect storm of revenue recognition, the...
J’en ai marre
01 Mar 2012
IASB project manager Denise Durant’s opening words to the 18 January IFRS Interpretations Committee meeting were innocuous enough: “We are not discussing the proposed amendment to IAS 1 derived from...
Lost in accounting
01 Feb 2012
It looks like 2012 is going to be busy for the International Accounting Standards Board (IASB) as significant projects towards completion, some affecting pensions accounting.
In the first quarter of ...
Updating the update
03 Jan 2012
Our glorious G20 leaders have charged the IASB with two tasks in relation to financial instruments accounting: reduce the complexity of accounting standards for financial instruments; and strengthen...
Leave it to technocrats?
01 Dec 2011
Those who believe that governance by technocrat will solve Italy’s ills should think again. The IASB is currently working on a three-bucket approach for financial asset impairment. The idea is that...
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