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When Standard Setters are too slow: The Case for Tesla’s 1.5 bn USD Bitcoin Accounting
(Not only) in my opinion, the seminal and still most relevant paper about bitcoin accounting practice was written about three years ago by Deloitte Australia Partner and former IASB member Henri…
SNP’s Profit Warning and its Order Book: Oh Revenue, where Art Thou?
Schneider-Neureither & Partner SE (SNP) is a German software company, mainly active in the field of data transformation solutions. The company often runs bigger development projects which take…
Understanding ESOPs (2): How Ocado magically palmed 63.6 mio GBP of Expenses
In one of our former blog posts we had a look at the accounting functioning of equity-settled stock option programs (HERE). Today we want to extend this framework for cash-settled programs – or more…
European Banks and the Q3/20 IFRS 9 Overlay – Fundamental vs. Technical Input to Accounting
As a consequence of the experiences made during the great financial crisis 2008/09 the IASB changed financial instruments accounting away from the incurred loan losses approach to a forward looking…
SBM Offshore’s “Directional Accounting”: Read-Across to IASB’s Disclosure Project (and to IFRS 10/11)
In 2011, the International Accounting Standards Board (IASB) disclosed a whole package of new and revised standards that all addressed the topic ‘reporting entity’. Amongst these standards were the…
Is Proximus Tackling IFRS too Hard? – The Belgian Football Broadcasting Rights Accounting Dispute
Belgian football is one of the most attractive in the world, even though the national first league is not so much loaded with international top stars as e.g. the Spanish or the English league. The…
Understanding Stock Options – Basic Techniques
Dealing with stock options (employee stock options ESOs or employee stock option programs ESOPs) in business valuation is not easy. A proper treatment of these instruments is particularly tricky if…
Equinox’ Share Purchase Warrants: What a Difference an Issuing Motivation (and a Currency) makes!
Equinox Gold Corp (EQX) is a Vancouver, Canada, -based mid-tier gold producing company with operations in the US, Mexico and Brazil. In its modern shape, EQX is the result of a major recapitalisation…
Babcock’s strange JV Reporting: Catch-Up Effects, omitted Revenues and overshooting Margins
London-based Babcock International Group Plc. is a multinational engineering support services company with a strong exposure to public clients. The company usually manages large multi-year contracts…
Coronavirus: Ryanair’s Unconventional “No Shows” Accounting
It is not a big secret that coronavirus has hit the airline industry massively. Flight traffic down to super-lows and even for those planes that fly load factors are at levels never seen in the past…