Beyond the GAAP no.149 - November 2020

While 2020 has required a lot of work on the accounting impacts of the public health crisis, it should also be noted that most companies are now done with the upheaval resulting from the implementation of new standards (although IFRS 16 remains an enforcement priority at 31 December).

With an eye to the year-end closing of accounts, this issue of Beyond the GAAP presents an overview of applicable IFRSs. We also look at two draft documents published very recently by the IASB: the exposure draft on accounting for a lease liability following a sale and leaseback transaction with variable payments, and the discussion paper on business combinations under common control.

Finally, July 2021 will see the end of an era and the start of a new one, as Andreas Barckow replaces Hans Hoogervorst as Chair of the IASB. With several new appointments to the Board also taking place, will these changes signal a shift in strategic direction for some projects?


Beyond the GAAP no. 149 - November 2020
Index - November 2020