Ernst & Young Monthly News November 2009
E-News
(HTML, English)
Dismissal with the option of altered conditions of employment
(PDF, English, 188 kB)
Editorial / The completition of VAT returns as of 1 January 2010 (Béatrice Blum) / Germany (Christian Buck) / People
considerations in permanent group relocations to Switzerland (Kevin Cornelius, Siiri-Mall Musten) / Revision of Industry Brochure
(Branchenbroschüre) No 14 (“Finanzbereich”) (Barbara Henzen, Thomas Patt) / Swiss proposals to terminate conflict with EU on
holding taxation (Dr. Kersten A. Honold) / Draft of a new IFRS on Income Taxes Replacement of IAS 12 (Income Taxes) (Sarah
Pflüger-Niggli, Martin Loser) / Exchange of Information in accordance with Art. 26 of the OECD Model Convention (René Schreiber)
(PDF, English, 543 kB)
The changing landscape of IFRS – an interview with Ernst & Young's leadership / Accounting for financial instruments – keeping pace
with the changes / Debt modification and extinguishment: how modifying a company’s debt affects financial reporting / Financial
reporting developments / Resources
(PDF, English, 87 kB)
The IASB’s recent amendment to IAS 32 Financial Instruments: Presentation provides relief to entities that issue rights in a currency other
than their functional currency, from treating the rights as derivatives with fair value changes recorded in profit or loss. Such rights will
now be classified as equity instruments when certain conditions are met. Application of the amendment is retrospective and will result in
the reversal of profits or losses previously recognized. This supplement summarizes the amendment and highlights the potential implications
for businesses.
(PDF, English, 584 kB)
The hidden consequences of the revised accounting model