IFRS news, May 2018

• Must know:

- Presentation of interest revenue for certain financial instruments

- Accounting for fixed consideration in licence arrangements in the pharmaceutical and life sciences industry

- IASB revises the Conceptual Framework

• Issues of the month

- Disclosures required in interim financial statements on the initial adoption of IFRS 15

- IFRS 9 disclosures by banks in 2018 interim reporting and transition documents

• Cannon Street Press