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How should you account for costs of configuring or customising a supplier’s application software in a Cloud Computing or Software as a Service (SaaS) arrangement?

During a prolonged financial crisis, such as the one triggered in 2008-09 by the collapse of the US sub-prime market and the current period of uncertainty caused by Covid-19, tax revenues tend to decline significantly.

Identifying CGUs is a critical step in the impairment review and can have a significant impact on its results.

After the entity identifies its CGUs, it must determine which assets belong to which CGUs, or groups of CGUs.

Identifying cash-generating units (CGUs) is a critical step in the impairment review and can have a significant impact on its results.

Hotels may have escaped many of the negative headlines associated with aviation and tourism, but they still face real challenges.

Reforms to the international tax framework have been debated and discussed at length in recent years.

Eight of the 13 monitored mid-market industries returned to positive health in H1 2021, as assessed by Grant Thornton’s unique Global business pulse, compared with just two in H2 2020.

The final version of the regulation for the determination of the tax EBITDA ("Earnings before Interest, Taxes, Depreciation and Amortization") and the Group EBITDA has been published in the Federal Gazette II No. 390/2021.

Usually non-current assets are measured in the financial statements at either cost or revalued amount. However, IAS 36 ‘Impairment of Assets’ requires assets to be carried at no more then their revalued amount and any difference to be recorded as an impairment.

Our first article in the Insights into IAS 36 series provides an ‘at a glance’ overview of IAS 36’s main requirements and outlines the major steps in applying those requirements.

IAS 36 ‘Impairment of Assets’ provides the core principles when assessing if an asset should be impaired. However, due to the complex nature of the guidance, the requirements of IAS 36 can be challenging to apply in practice.

IFRS 17 heralds a new era of accounting for insurance contracts because it sets out principles-based requirements that aim to improve the comparability of the measurement and presentation of insurance contracts across entities reporting in jurisdictions applying International Financial Reporting Standards (IFRS).

On the occasion of the current ECJ case law, the new LSD-BG was amended accordingly.

Over the last 18 months, we have all had cause to be more empathetic, in our home lives, with our colleagues, and towards our communities. And business leaders have faced imperatives to be empathetic in their roles, as physical collaboration has been replaced with virtual interaction, and staff have been placed under unprecedented stresses, calling for an altered, more flexible leadership skillset.

With the opening up of the global labour market thanks to changes in working practices and developments in technology, opportunities to break into new markets and service new customers await.