A world of opportunity - Ernst & Young - Switzerland

Ernst & Young Monthly News February 2010

E-News

Legal News – January 2010

(HTML, English)

What is the purpose of a shareholders’ agreement?

IFRS Outlook – January 2010

(PDF, English, 384 kB)

Status of IFRS in the United States / Status update — revenue recognition project / Financial reporting developments / Resources

Proposals to change the measurement of non-financial liabilities – January 2010 (Issue 65, Supplement to IFRS Outlook)

(PDF, English, 115 kB)

The IASB has issued a new exposure draft re-exposing its proposals for measuring a non-financial liability. The first ED was issued by the IASB in 2005, and when finalized will replace IAS 37 Provisions, Contingent Consideration and Contingent Assets. This new ED specifically proposes to clarify how a non-financial liability is measured - which will depend largely on whether or not the obligation can be transferred or cancelled. This supplement summarizes the proposals in this ED and its consequences on businesses.

Negotiations series: Earn-out arrangements in a business combination – impact of the revised IFRS 3 – January 2010

(PDF, English, 428 kB)

This publication looks at the business implications of the revised standard on accounting for earn-out arrangements. Earn-out arrangements will be classified as either remuneration expenses or contingent consideration. In this publication we look at: the nature of earn-out arrangements; how to classify the arrangement as remuneration or contingent consideration; how contingent consideration is to be accounted for. It also provides examples of the impact of the revised accounting and discusses the practical effects on other aspects of the business.