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IFRS

IFRS Viewpoints

International Financial Reporting Standards (IFRS) are detailed and technical. To the untrained eye, they can appear hard to navigate. At Grant Thornton we are well versed in their intricacies and can translate them into language that you can understand and apply to your financial statements.

Our IFRS Viewpoint series provides collective insights from global IFRS advisors and experts in Grant Thornton on applying IFRSs in challenging situations. Each edition will focus on an area where the Standards have proved difficult to apply or lack guidance.

Here are the latest in our series we have released:

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Configuration or customisation costs in a cloud computing arrangement

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Accounting for crypto assets

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Accounting for client money

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Related party loans at below market interest rates

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Acquisition of investment properties

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Inventory discounts and rebates

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Common control business combinations

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Classification of loans with covenants

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Reverse acquisitions outside the scope of IFRS 3

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Preparing financial statements when the going concern basis is not appropriate

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Potential accounting consequences of the US tax reform

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Accounting for cryptocurrencies

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