Month: August 2024

2024 Benchmark Study: The Evolving Landscape of ECL in European Banking

The financial landscape across Europe has been shaped by a series of unprecedented challenges over the past few years, with economic uncertainty and evolving regulations continuing to impact the banking sector. The 2024 Benchmark Study on the Financial Reporting of European Banks provides an insightful analysis of how these institutions have managed expected credit losses […]

The Greener Side of Accounting: EFRAG Scrutinizes Power Purchase Agreements and IFRS

The European Union’s (EU) Green Deal pushes for a significant shift towards renewable energy sources. This transition has a direct impact on the financial reporting practices of companies involved in the renewable energy sector. A key aspect of this is Power Purchase Agreements (PPAs), long-term contracts between electricity producers (renewable energy companies) and consumers (typically […]

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