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Accounting at a Crossroads: Intangibles, Sustainability, and the Future of International Financial Reporting Standards

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  • Stewart Jones
  • Baljit Sidhu

Abstract

This special issue of Abacus brings together seven papers presented at the IASB Research Forum in November 2024, each addressing a key challenge in the current International Accounting Standards Board's (IASB) work program. The contributions examine the clarity of narrative disclosures, the impact of voluntary climate reporting, the recognition and disclosure of intangibles, transactional connectivity of carbon data, the treatment of goodwill, the informativeness of R&D disclosures, and the role of practical expedients in International Financial Reporting Standards. Collectively, the papers reveal both the achievements and limitations of current accounting standards, highlighting areas where clarity, comparability, and relevance remain at risk. Together, they provide evidence and proposals that can inform the IASB's work program and guide policy makers in shaping the future of global accounting.

Suggested Citation

  • Stewart Jones & Baljit Sidhu, 2025. "Accounting at a Crossroads: Intangibles, Sustainability, and the Future of International Financial Reporting Standards," Abacus, Accounting Foundation, University of Sydney, vol. 61(4), pages 819-832, December.
    • Handle: RePEc:bla:abacus:v:61:y:2025:i:4:p:819-832
    DOI: 10.1111/abac.70026
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    References listed on IDEAS

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    1. Ekaete Efretuei & Kemi Yekini, 2025. "Clarity and Conciseness of Financial Narrative Disclosures: Does the Practice Statement Matter?," Abacus, Accounting Foundation, University of Sydney, vol. 61(4), pages 1110-1144, December.
    2. Paola Ramassa & Alberto Quagli, 2024. "Interpreting IFRS: The Evolving Role of Agenda Decisions," Abacus, Accounting Foundation, University of Sydney, vol. 60(2), pages 205-235, June.
    3. Stefan Reichelstein, 2024. "Corporate carbon accounting: balance sheets and flow statements," Review of Accounting Studies, Springer, vol. 29(3), pages 2125-2156, September.
    4. Bastian Distler & Jürgen Ernstberger & Mario Keiling & Felix Müller & Mike Szabo, 2025. "Incorporating Carbon Emissions into Decision‐making—The Case of Transactional Connectivity," Abacus, Accounting Foundation, University of Sydney, vol. 61(4), pages 1023-1051, December.
    5. Salma Ibrahim & James Bowden & Mahmoud Elmarzouky & Mahmoud Al‐Kilani, 2025. "Recognition and Disclosure of Intangibles Under International Financial Reporting Standards," Abacus, Accounting Foundation, University of Sydney, vol. 61(4), pages 857-896, December.
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