In this last no­vus IFRS be­fore the end of the year, we in­form you about the chan­ges to the re­verse fac­to­ring pro­ce­dure. In ad­di­tion, we have com­pi­led key dis­clo­sures to be re­por­ted in an EU-IFRS con­so­li­da­ted fi­nan­cial state­ment as of De­cem­ber 31, 2021 with re­gard to stan­dards and in­ter­pre­ta­ti­ons that have al­re­ady been ad­op­ted.

Re­verse fac­to­ring is an in­cre­asin­gly po­pu­lar op­tion for pre-fi­nan­cing a com­pany's suppliers. In con­trast to con­ven­tio­nal fac­to­ring, the in­itia­tive co­mes from the cu­st­omer and not from the supplier. In this no­vus IFRS, we in­form you about how the IDW, with the draft amend­ment IAS 1-M1 (Re­verse Fac­to­ring) to IDW RS HFA 50, has cla­ri­fied the ques­ti­ons of whe­ther the pre­vious ob­li­ga­tion from de­li­ve­ries and ser­vices is to be de­re­co­gnized or whe­ther it is to be In ad­di­tion, we will pro­vide you with in­for­ma­tion on the la­test de­ve­lop­ments in the field of fi­nan­cial re­por­ting. In ad­di­tion, we pre­sent the la­test IASB pu­bli­ca­ti­ons "Sub­si­dia­ries not pu­bli­cly ac­coun­ta­ble: Dis­clo­sures in the no­tes" and "First-time ad­op­tion of IFRS 17 and IFRS 9 - Com­pa­ra­tive in­for­ma­tion".

The IFRS In­ter­pre­ta­ti­ons Com­mit­tee (IFRS IC) has ad­dres­sed the spe­ci­fics of ac­coun­ting for con­fi­gu­ra­tion and cu­st­omiza­tion costs in soft­ware-as-a-ser­vice (SaaS) ar­ran­ge­ments. In this edi­tion of no­vus IFRS, we in­form you about the re­sults of the de­li­be­ra­ti­ons on this to­pic as well as about other im­port­ant to­pics that the stan­dard set­ters dealt with in the se­cond quar­ter of 2021.