In this IFRS/HKFRS news, we update you on key considerations for impairment tests, current IFRIC rejections on various topics and leases lab for how to implement new guidance. We share with you update from Cannon Street on applying IFRS 9 "Financial instruments" with IFRS 4 "Insurance contracts", definition of a business, goodwill and impairment, and agenda consultation. NIFRICS by numbers for this month talks about practical implications of IFRIC rejections related to IAS 17 "Leases". We hope that you will find the PwC lease library at the end of this newsletter helpful.
Read other IFRS / HKFRS News.