Insights

From June 30, 2026, there are 10 countries around the world whose economies will be considered hyperinflationary. Entities whose functional currency is the currency of one of these countries and that have June 30, 2026 reporting requirements will have to reflect the requirements of IAS 29 Financial Reporting in Hyperinflationary Economies in their IFRS financial statements.

Grant Thornton International Ltd has published the first article in its new Insights into IAS 7 series, entitled IAS 7 at a Glance. | July 2026

Grant Thornton International Ltd has published the final two publications in the Insights into IFRS 2 series. | June 2026

Grant Thornton International Ltd has published two new publications in the Insights into IFRS 15 series | June 2026

Insights into IFRS 16 – Lease incentives provides guidance on the accounting for lease incentives under IFRS 16 Leases from a lessee perspective.

The Grant Thornton International IFRS team has updated Insights into IFRS 16 – Lease term, a guidance on the determination of the lease term.

Insights into IFRIC 23: provides an overview of IFRIC 23, explaining the relevant definitions, the initial tax assessment and subsequent measurement.

These amendments are relevant to private enterprises that report under Part II of the CPA Canada Handbook – Accounting and apply ASPE.

Grant Thornton International Ltd has published the first article in its new Insights into IFRS 18 series, entitled A snapshot of IFRS 18's key requirements.

This bulletin identifies the requirements and provides a series of examples illustrating one possible way the note disclosures might be presented.

In December 2018, the Canadian Accounting Standards Board (AcSB) amended Section 3856, Financial Instruments.

The Grant Thornton International IFRS team has published Insights into IFRS 16 – Sale and leaseback accounting about sale and leaseback transaction.

This bulletin explains how to apply the guidance in IFRS 16 and IAS 34 on variable lease payments using examples.

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The Grant Thornton International IFRS team has published Insights into IFRS 16 – Lease payments - the March 2019 bulletin.

Grant Thornton International provides a high-level overview of the new requirements of IFRS 18, along with some practical insights.