Ernst & Young Insight

Illustrative financial statements for Good Mining

This publication provides an illustrative set of consolidated financial statements, prepared in accordance with IFRS in issue at 31 December 2009, for Good Mining (International) Limited (pdf, 1.2mb), a fictitious group of mining companies.

IFRS outlook

Download IFRS Outlook June 2010

In this issue:

• Proposals for accounting for non-financial liabilities
• Keeping up to date on the status of IASB projects
• IFRS monthly update

Look here for an up-to-date list of recent publications, including IASB Projects - A pocketbook guide (pdf, 2.6mb) which summarises the key features of the IASB projects. Register for our upcoming webcast on the new accounting model for insurers.

Ernst & Young 2010 European attractiveness survey

Our interviews with 814 of the world’s most demanding business leaders, all in search of their next international investment opportunities, indicate that Europe needs a wake-up call if it is not to lose ground to its more dynamic competitors. See our 2010 European attractiveness survey for details

Global trends revolutionize business

The current economic climate may tempt us to focus on immediate events, but we cannot ignore longer-term trends. The way businesses plan and respond to events over the next decade will help determine who survives. Our global trends report explores the forces behind the future of business.

New challenges for private equity

A review of how PE created value in nearly 300 European businesses over the last four years could provide some insight into how the industry can build on its success and also overcome the challenges it now faces. Our latest study shows that these businesses had average annual growth in profits of 15% during PE ownership.

Transfer pricing: arm’s length principle

The latest installment of our series on transfer pricing covers issues that are testing the application of the arm’s length principle (pdf, 1.2mb), including a methodology to evaluate compensation levels when a business is restructured and the use of econometric analysis in cases in which data for benchmarks is sparse.

Distressed assets: risky but full of opportunity

The global economic slowdown has forced business leaders to examine new strategic options relative to financing, resources and revenue growth. Distressed asset investing represents a powerful, but risky, opportunity to optimize the use of capital for competitive advantage. Find out how to move forward to find opportunities and address the risk (pdf, 887.7kb).

Are you ready to see energy differently?

Smart technologies are modernizing energy systems all round the world, attracting new competitors from many different industries into the power and utilities sector. Potentially, it’s a totally new business model. Find out what it takes to win in a smart future.

Lessons from change: findings from the market

Last year, after the crisis, we proposed a new performance agenda. Then we asked the Economist Intelligence Unit to test it by surveying 876 global executives. Here’s what we discovered – and how it can help your business.

Lessons from change

In 2009, Ernst & Young held more than 40,000 meetings with senior executives around the globe. We asked them how the downturn was affecting their business, then gathered those insights into Lessons from change. Learn which eight strategic actions companies should focus on now.

Why capital matters for competitive advantage

Uncertainty is the only certainty in today’s market. In our new study, Why capital matters, we surveyed 490 senior executives from 32 countries, and show that it’s how you manage your capital agenda today that will define your competitive position tomorrow.

InterChange Alert: February 2009

Widespread anxiety around credit and liquidity continues to put a damper on transaction activity. Companies have difficult choices: do they buy up their own equity and debt, make a well-timed purchase, jettison unwanted assets or hoard their cash? This Ernst & Young InterChange Alert describes alternative structuring strategies some CDOs and tax directors are considering in today's transaction market. Read the latest addition of InterChange Alert (pdf, 78kb).

Finance performance improvement starts with framework

Amid signs of economic recovery, we suggest in The future of Finance (pdf, 248.8kb) that CFOs establish and implement a holistic framework that identifies weaknesses and potential improvements, and which helps enable Finance to be more effective, lower costs and help deliver more value to the bottom line.

The top 10 business risks for 2009

What challenges are likely to affect your company in 2009 and beyond? The credit crunch aftershocks and the deepening global recession rank as the most important business risks for 2009, displacing regulation and compliance from the top spot. Green initiatives, competition from new entrants, human capital issues, and reputational risk all rose in The 2009 Ernst & Young business risk report — the top 10 risks for global business (pdf, 1.9mb).

Manage risk in the current climate

This issue of BoardMatters Quarterly, "Managing risk in the current climate " (pdf, 610kb), is dedicated to helping audit committees identify, prepare for and protect against the key risks their companies may face during these strenuous times.