Insights

IFRS News is your quarterly update on all things relating to International Financial Reporting Standards.

Every board is susceptible to bust-ups, but the frequency, ferocity and complexity of conflicts depend on the personalities of those involved, the interests at stake and the robustness of its conflict-handling process.

Grant Thornton China's Asia Private Equity review looks specifically into the private equity activities across the region to see how private equity funds perform in Asia as compared to the global environment. It also aims to identify the key challenges facing the private equity funds across the region, and provides an outlook for future private equity activities in Asia and globally.

Wave after wave of new business technology has been hyped as revolutionary, leaving organisations with the options either to invest in strategic transformation and disruptive technologies or to dismiss it all as mere noise and carry on with traditional methods of business administration.

The growth of the digital economy has broken down traditional commercial and geographical boundaries. Goods and services are being delivered and consumed across borders in ways that were unforeseen and at a pace that was unprecedented just decades ago.

The new leasing standard - IFRS 16 'Leases' has been issued by the IASB. The core principle of the new standard is that lessees should recognise all leases on their balance sheet.

The vision for Thailand 4.0 is certainly ambitious, and is extremely well adapted to the digital economic stage that the world is now entering. But is that vision also well adapted to Thailand itself? Can this moderately advanced Southeast Asian nation handle the weight of its own development plan?

Talented people are crucial to any business or organisation, but making a bad hire is often one of the costliest decisions a company can make. Many companies find that despite optimising or upgrading the hiring process, little overlooked details somehow turn up to make things go wrong.

The IASB has published a revised Conceptual Framework that clarifies and updates its existing guidance that was published in 1989 and updated in 2010. It also fills gaps in areas where there was no or only little guidance.

Much has been made of the Thai government’s commitment to developing a modern industrial base. In large part, the praise from the business community has been deserved. Concerted efforts include a range of initiatives, from a detailed program of BOI incentives, to the fast-tracking of business permits across industries, to the ambitious upgrades in infrastructure and government support that are making the Eastern Economic Corridor a highly promising region for manufacturing.

International taxation is undergoing the biggest shake-up for a generation and the chief driver of this change is the global roll-out of the OECD’s Base Erosion and Profit Shifting (BEPS) Action Plan.

Optimising working capital requirements is key to assessing the efficiency of profits, and something CFOs are expected to manage at all times. Do you know how well working capital is managed in your business and where improvements could be made?

The popularity of cryptocurrencies has soared in recent years, yet they do not fit easily within IFRS’ financial reporting structure. For example, an approach of accounting for holdings of cryptocurrencies at fair value through profit or loss may seem intuitive but is incompatible with the requirements of IFRS in most circumstances.

There are many good reasons why companies tend to prefer passive candidates to active ones. They are already established in the workplace, so they are guaranteed to have relevant experience as well as the ability to adapt to office culture.

The global demand for Robotic Process Automation is rapidly increasing as businesses seek to harness enterprise technology to streamline processes and increase productivity.

China’s One Belt, One Road outbound investment strategy presents a wealth of opportunity along major global land and maritime trade routes. But how can business owners outside China take advantage?