Accounting and Capital Markets Round-Up
April 2024
Hi,
Here are your articles on accounting & capital market updates for the month.
For further enquiries, please contact us, the Capital Market & Accounting Advisory Services (CMAAS) team at: my_cmaas@pwc.com
Bringing transparency on supplier finance
Supplier finance arrangements provide companies with solutions for managing working capital. As the use of these solutions expands, it has become increasingly important that investors have transparency over the effect on a company’s liabilities, cash flows and exposure to liquidity risk. Starting in 2024, MFRS preparers are required to provide additional disclosures about these arrangements. Read our Insights that explain the key principles with illustrative examples.
The International Accounting Standards Board (IASB) proposed amendments to IFRS 3 and IAS 36 to improve reporting on acquisitions
Listen to the PwC IFRS Talks for an overview of the IASB's latest consultation on proposals aimed at improving reporting about acquisitions. The 2 main aspects of the key proposals are:
a) Introducing new disclosures in relation to a new business combination, which include disclosures on:
- key objectives and related targets for a business combination and whether these key objectives and related targets are met in subsequent periods; and
- quantitative information about synergies that are expected to arise in a business combination.
b) Clarifying how goodwill is allocated to cash-generating units for impairment testing that is expected to help reduce shielding from impairment.
We encourage you to share your comments on the questions asked in this Exposure Draft. Comments should be submitted to the IASB by 15 July 2024 or shared with the Malaysian Accounting Standards Board by 14 June 2024.
Global Top 100 companies (by market capitalisation) - March 2024
The market capitalisation of the Global Top 100 companies as at 31 March 2024 increased by 27% to US$40 trillion compared to 31 March 2023, mainly driven by the AI-themed companies within the Technology sector which increased by 50%. The market capitalisation of the Top 100 companies have almost doubled in the past five years, producing a compound annual growth rate (CAGR) of 14% over that period. Read more in Global Top 100 Companies - 2024 Edition.
The Capital Markets & Accounting Advisory Services (CMAAS) team provides solutions on accounting, financial reporting and capital market matters. Talk to us
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