22nd February 2017
A new whitepaper has been released by the MGI Worldwide Global IFRS Practice Group
Offering useful information on the impending introduction of changes to the International Accounting Standards Board (IASB) IFRS 9 - Financial instruments, the paper details the relevance of this shift in policy for all corporations.
IFRS 9 will not only affect banks and other financial institutions, but also all financial instruments, i.e. cash and cash equivalents, trade receivables and payables, loans and other financial assets and liabilities.
Coming into force from January 1st 2018, this whitepaper is therefore the perfect tool for MGI Worldwide members to make all necessary preparations ahead of this change.
You can read this new whitepaper in full: IFRS 9 PAPER HERE
Speak to a Global IFRS Expert for more advice
MGI Worldwide's team of Global IFRS Experts deal with all aspects of IFRS on a daily basis, share knowledge and best practices, and ensure the correct application of IFRS on a globally consistent basis.
With a team of IFRS Experts located in Europe, UK, Latin America and the rest of the world, they are available to support all MGI Worldwide members and their clients on all IFRS-related matters including:
- The preparation and presentation of financial statements
- The process of adopting IFRS for the first time (IFRS 1)
- Execution of impairment tests according to IAS 36
- Experienced persons doing Purchase Price Allocations in accordance with IFRS 3
- Swift availability of answers to urgent queries or problems
- Support when dealing with new standards
To contact a Global IFRS Expert near you or to find more information visit the MGI Worldwide Global IFRS Practice Group microsite HERE
If you are a member of MGI Worldwide with the relevant experience in IFRS and would like to join this group, please email firstname.lastname@example.org
MGI Worldwide is a top 20 ranked global accounting network with some 5,000 independent auditors, accountants and tax experts in over 260 locations around the world.