• СТОУС-ын Зөвлөх Үйлчилгээ

СТОУС-ын Зөвлөх Үйлчилгээ

BDO will help you to understand and prepare for the changes that will take place. We can assist you in managing this process with an assessment of the impact of these new accounting standards or with their implementation.



Three new accounting standards are due to become effective by 2019. These have the potential to transform how a company presents its performance and financial position in its financial statements. 


1. IFRS 9: Financial Instruments (effective in 2018)

The objective of the new standard is to simplify the accounting for financial instruments. The standard introduces significant changes to the classification and measurement of financial instruments, how impairment losses are recognised and the rules around qualifying to apply hedge accounting.

Effective Date - Mandatory for periods beginning on or after 1 January 2018

Read more: IFRS 9 - Financial Instruments


2. IFRS 15: Revenue from Contracts with Customers (effective in 2018)​

The new standard’s core principle requires entities to recognise revenue to depict the transfer of promised goods or services to customers in amounts that reflect the consideration (payment) to which the entity expects to be entitled in exchange for those goods or services.

This new standard significantly increases complexity around the recognition of revenue, meaning that in a significant number of industries the invoiced amount will not correspond to the pattern of revenue recognition.

Effective Date - Mandatory for periods beginning on or after 1 January 2018.

Read more: IFRS 15 - Revenue from Contracts with Customers


3. IFRS 16: Leases (effective in 2019)

For lessees the new standard does away with the current operating/finance lease distinction, requiring lessees to recognise all but the lowest value leases on the balance sheet as a right of use asset and a corresponding lease liability. The operating lease rental expense will be replaced by an amortisation charge for the right of use asset and a finance cost.

Effective Date - Mandatory for periods beginning on or after 1 January 2019

Read more: IFRS 16 - Leases