Hamburg, Germany

Accounting Treatment of SaaS at the Level of Both Contractual Parties

By Imke Reich, nbs partners

“I can’t think of anything that isn’t cloud computing (…).” Larry Ellison, Chairman, Oracle

Software as a Service (SaaS), the largest market segment of cloud computing, is typically characterised as a service, where the provider grants the user the right to continuously access a software in a cloud infrastructure managed and controlled by the provider for a certain period. Accounting for SaaS arrangements at the level of the user is not clearly specified under IFRS.

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Hamburg, historic warehouse district

Value Added Incentives: Accounting for Share-Based Payments

By Tobias Schreiber, nbs partners

Adding value to a company is one of the most important strategic achievements from a shareholder or management perspective. An effective employee incentive programme sends employees a clear message that management understands what truly motivates them to do their best work and is willing to provide it.

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Fisherman's wharf in San Francisco

The New US GAAP Revenue Recognition Standards

By Tom Parry, Navolio & Tallman LLP

Are your clients ready for the new US revenue recognition standards? FASB Update 2015-14 – Revenue from Contracts with Customers (Topic 606) is effective for non-public entities, including not-for-profit entities, for annual reporting periods beginning after 15 December 2018. The new guidance affects any reporting organisation that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets, unless those contracts are within the scope of other standards (for example, insurance contracts or lease contracts).

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All I’ve Got are Simple Trade Receivables - Is IFRS 9 Relevant to Me?

By Allan Mundell, Nolands SA

IFRS 9 Financial Instruments became effective from 2018, addressing the accounting for all financial assets and liabilities, from simple trade receivables and payables to intercompany loans. IFRS 9 introduces, amongst other things, a new model for impairments. Whereas the previous standard, IAS 39, required the application of an incurred loss model, IFRS 9 moves us into a world of expected losses.

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Contemporary houses in Dordrecht


By Ronald Krol, EJP Accountants & Adviseurs

When reference is made to real estate within the Dutch reporting rules on property, the (intended) use should be distinguished for property for own use (Guidelines for annual reporting hereinafter referred to as: RJ 212) and investment property (RJ 213 / Guidelines for annual reporting for small legal entities, hereinafter referred to as: RJk B2).

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Cape Town

IFRS 15: Revenue from contracts with customers

By Allan Mundell, Nolands SA

IFRS 15 is effective for accounting periods that start on or after 1 January 2018. As with various other recent amendments and new standards issued by the International Accounting Standards Board, the standard provides choices of the process to follow on transition.

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After having taken some big steps, a beautiful journey lies ahead

By Roland Ogink, deJong & Laan

People take steps with a goal in mind. They want to get somewhere; reach a point on the horizon. The same applies to us. Sometimes, we move towards our goal in a straight line, while at other times, the road bends or has side paths. Straight ahead with a bend every now and again. The point on the horizon is clear to us; to become the best audit practice for SMEs!

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