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31 de enero de 2013
Modificación de la NIC 36 - Borrador para Discusión
30 de enero de 2013
Entidades de Inversión - Nueva Traducción al Español
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Si usted desea asesoría sobre el contenido de esta noticia o sobre cualquier otro aspecto relacionado con las NIIF Completas, la NIIF para las PyMES o con otros temas tratados en este Blog, por favor, contacte al Autor en la siguiente dirección: jdsmartinez@gmail.com
Gracias.
28 de enero de 2013
NIIF 13 - Material de Entrenamiento
El 20 de diciembre de 2012, el IASB publicó el primer capítulo de un material de entrenamiento para soporte de la norma NIIF 13 Medición del Valor Razonable. El material abarca lo relativo al valor razonable de los instrumentos financieros de patrimonio que no se cotizan, lo cual se considera un asunto relevante en el alcance de la NIIF 9 Instrumentos Financieros.
El material está en idioma inglés y puede obtenerse haciendo click en el link de abajo. Una vez que el IASB traduzca este material, con gusto lo pondremos a disposición de los usuarios de este Blog.
Bajar el Documento del IASB
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Gracias.
Convergencia NIIF - US GAAP
Uno de los miembros del IASB, Paul Pacter, elaboró una tabla donde explica los avances en los proyectos de convergergencia de esa Institución con el FASB (Financial Accounting Standards Board) en los últimos 10 años. En opinión del Sr. Pacter, además de cerrar la brecha de las diferencias mediante el proceso de convergencia, la adopción de las NIIF en USA contribuirá a lograr un set de normas internacionales de reporte financiero con más soporte a nivel mundial. La tabla que presento a continuación muestra, norma por norma, una visión de los resultados de los proyectos más importantes para lograr la convergencia y su estatus actual.
Como es sabido, el proceso de convergencia en USA se ha demorado en los dos últimos dos años por diversas posiciones asumidas por funcionarios, principalmente de la SEC (Securities and Exchange Commission) y de otras instituciones de opinión y control. El gobierno ha propuesto para el cargo de dirección de la SEC a un nuevo funcionario que sustituirá a la saliente encargada. Observaremos los avances del proceso de convergencia bajo las nuevas autoridades e informaremos los avances (o rectrocesos).
Como es sabido, el proceso de convergencia en USA se ha demorado en los dos últimos dos años por diversas posiciones asumidas por funcionarios, principalmente de la SEC (Securities and Exchange Commission) y de otras instituciones de opinión y control. El gobierno ha propuesto para el cargo de dirección de la SEC a un nuevo funcionario que sustituirá a la saliente encargada. Observaremos los avances del proceso de convergencia bajo las nuevas autoridades e informaremos los avances (o rectrocesos).
| Topic | IASB/FASB Action | Convergence Outcome | Was IFRS Improved? |
|
Borrowing Cost
|
In
January 2009 the IASB amended IAS 23 to require capitalization (the U.S.
principle).
|
Converged
on the broad principle of capitalization of borrowing costs. Differences in how borrowing costs eligible for capitalization are defined and calculated and on which assets are eligible |
IFRS
were improved because a free‐choice option was
removed. Whether capitalization or expensing is the better principle is
debatable.
|
|
Business Combinations
|
New
standards issued by both boards.
|
Partial
convergence. Differences remain, including: • Measurement of goodwill (the IASB allows either 100% of goodwill or only the parent’s share. FASB is 100% only).
•
The level at which the goodwill impairment test is imposed.
|
Yes,
particularly in eliminating pooling-of-interests accounting. Some argue that
IFRS 3 would have been further improved if the result had been a single
measure for goodwill, rather than two. However, there was only limited
support among IFRS preparers and users for the 100% goodwill approach.
|
|
Combinations
of Entities Under Common Control |
No
action by the IASB. U.S. GAAP already requires “pooling of interests.”
|
Not converged.
|
There
was no standard, hence no improvement.
|
|
Conceptual Framework
|
In
September 2010, the IASB and FASB published virtually identical chapters on
“Objectives and Qualitative Characteristics” of the new Conceptual Framework.
No other sections finished. |
Converged
on objective and qualitative characteristics. Other parts of the Framework
were already broadly converged. |
Readability
was improved, but many question replacement of prudence with neutrality.
|
|
Consolidation
(including
special-
purpose
entities)
|
The
IASB completed IFRS 10 in May 2011. FASB did not agree with effective control as the basic principle and did not join the IASB in the project. |
Convergence
broadly achieved for off‐balance-sheet activities
and disclosures about unconsolidated structured entities. Not converged with respect to control and de facto control as the basis for consolidation. |
There
is a more clearly articulated effective control principle, clearer guidance
for consolidating special-purpose vehicles, and much-improved disclosures.
|
|
Corrections of Errors
|
The
IASB amended IAS 8 to require restatement, but the IASB added an impracticability
exception that does not exist in U.S. GAAP. |
Broadly converged.
|
Yes,
though some question the need for an impracticability exception.
|
|
Derecognition
of
Financial Assets and Liabilities |
Despite a joint exposure draft, in the end, the boards could not agree on derecognition principles for removing financial assets from the balance sheet. The boards agreed on broadly aligned disclosures in October 2010. |
No
success in convergence of derecognition principles.
Substantial
success on converged disclosures.
|
Improved
disclosures, but no improvement to the principles for derecognition.
|
|
Discontinued Operations
|
The
IASB adopted IFRS 5. FASB adopted Statement No. 144. Converged on timing for classifying an operation as discontinued. Not converged on definition of discontinued operation or on whether to present discontinued operations on the face of the income statement. |
Substantial success.
|
Yes,
IFRS were improved. (And many prefer the IASB’s answer to FASB’s).
|
|
Earnings per Share
|
In
August 2008 the IASB issued an ED proposing amendments to IAS 33. This was never finalized. Nor did FASB propose similar amendments to U.S. GAAP. |
IAS
33 and U.S. GAAP were broadly converged in the project. Nothing has changed.
|
Because
no action was taken, there was no improvement.
|
|
Emissions Trading
|
In November 2010 the IASB and FASB decided to defer work on this project. |
Not converged. Neither the IASB nor FASB
has standards directly on point.
|
There was no standard, hence no improvement.
|
|
Extractive
Industries
|
In April 2010 the IASB published a Discussion
Paper. No action since. FASB already has an oil and gas standard. |
Not converged.
|
There was no standard, hence no improvement.
|
|
Fair Value Measurement
|
IASB issued IFRS 13 as a virtually word-for-word equivalent to FASB Statement No. 157. |
Substantial success.
|
Yes, the guidance on fair value in
IFRS is much improved and made consistent across standards, plus disclosures were
enhanced significantly.
|
|
Fair Value
Option for
Financial
Assets
|
FASB has added a fair value option to its financial instruments standards similar to what the IASB had. |
Converged regarding fair value option.
But the issue is under reconsideration in the broader joint project on classification and measurement of financial instruments. |
There was no change to IFRS, which already
had a fair value option.
|
|
Financial Instruments— Hedge Accounting
|
Currently, IAS 39 and U.S. GAAP are
substantially converged on hedge accounting (other than macro hedging). The IASB will soon issue a new general hedge accounting standard that will result in significant divergence from U.S. GAAP. |
Not converged.
|
Despite lack of convergence, the IASB’s
new general hedge accounting standard is a significant improvement to IFRS.
|
|
Financial
Instruments—
Impairment of Assets Carried at Amortized Cost |
Still in process.
|
Both boards have agreed to adopt an expected
loss approach rather than today incurred loss approach. However, the two boards are currently heading toward different ways of implementing that approach. |
Moving to an expected loss approach is
an improvement in principle. The specifics have not yet been decided.
|
|
Financial Instruments—
Classification and Measurement
|
The two boards went different ways:
The IASB issued IFRS 9 in November 2009 (for assets) and October 2010 (for
liabilities). Some financial assets amortized cost and some fair value through profit or loss (FVTPL), (and some equity instruments at fair value through other comprehensive income, or FVOCI). Most liabilities at amortized cost, but with fair value option (FVO) and other comprehensive income (OCI) option for own credit. FASB proposed a full fair value model, but is now moving to a mixed measurement model different from the IASB’s. |
Limited success in convergence.
|
Many thought IFRS 9 was an improvement
over IAS 39. But those improvements are being eroded in the interest of
convergence because of additional categories of financial assets, greater use
of OCI, recycling, and inconsistent treatment of “available for sale” debt
and equity instruments.
|
|
Government Grants |
No action.
|
Not converged.
|
There was no change in IFRS.
|
|
Impairment of
Nonfinancial
Assets
|
In 2008 the boards decided to defer pending
completion of “other work.” |
Not converged.
|
There was no change in IFRS.
|
|
Income Tax
|
In March 2009 the IASB issued an ED
(not with FASB) proposing amendments to IAS 12 basically to eliminate
exemptions from recognizing deferred taxes. Responses were generally not
supportive. The IASB did not finalize the ED. Small amendments to IAS 12 were made later. |
Even before convergence work began,
IFRS and U.S. GAAP were converged on the principle of the temporary difference
method, although not converged on how that method is implemented.
There has been no success in
eliminating the differences.
|
Even though there was no convergence,
the process did result in a few amendments to IFRS 12 that are considered
improvements.
|
Si usted desea asesoría sobre el contenido de esta noticia o sobre cualquier otro aspecto relacionado con las NIIF Completas, la NIIF para las PyMES o con otros temas tratados en este Blog, por favor, contacte al Autor en la siguiente dirección: jdsmartinez@gmail.com
Gracias.
Gracias.
24 de enero de 2013
NIIF 11 - Propuesta de Modificación del IASB
El 13 de diciembre de 2012, el IASB publicó para efectos de comentarios, un Borrador para Discusión que contiene posibles modificaciones que serían aplicadas a la NIIF 11 - Negocios Conjuntos.
Según la nota del IASB, la NIIF 11 no contiene una guía explícita sobre la forma de contabilizar las adquisiciones de intereses en negocios de operaciones conjuntas. El objetivo de la modificación propuesta es agregar una nueva guía a la norma para la contabilización de la adquisición de esos intereses, cuando la actividad de la operación conjunta constituya un negocio como se define en la NIIF 3 - Combinaciones de Negocios.
En ese orden de ideas, el IASB propone que el adquirente de tales intereses debe aplicar los principios sobre las combinaciones de negocios que se establecen en la NIIF 3 y otras normas, y revelar toda la información relevante que se requiere en las mismas normas.
Los interesados en leer la propuesta del IASB (en inglés) y someter sus propios comentarios pueden consultar la siguiente página Comente Una Propuesta de Modificación. La fecha límite para someter los comentarios es el 23 de Abril de 2013.
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Si usted desea asesorarse sobre el contenido de esta noticia o sobre cualquier otro aspecto relacionado con las NIIF Completas, la NIIF para las PyMES o con cualquier otro tema tratado en este Blog, por favor, contacte al Autor en la siguiente dirección: jdsmartinez@gmail.com Gracias.
Edición Electrónica de las NIIF Completas 2012 - Aviso del IFRS
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