This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.
The #1 website for global accounting news
  • IFRS AC meeting (mid blue) Image
  • Agenda for the February 2016 IFRS Advisory Council meeting

    05 Feb 2016

    An agenda has been released for the upcoming meeting of the IFRS Advisory Council, which is being held in London on 23-24 February 2016. Highlights of the meeting will be thorough discussions of the Review of structure and effectiveness of the IFRS Foundation and of the Future of corporate reporting.

  • IFAC (International Federation of Accountants) (lt gray) Image
  • IFAC report on global regulation

    04 Feb 2016

    The International Federation of Accountants (IFAC) has issued a report calling for political leaders and governments around the world to follow ten principles for consistent, high-quality global regulation, to aid global economic growth.

  • IPSASB (International Public Sector Accounting Standards Board) (mid gray) Image
  • IPSASB proposes revisions to the cash basis IPSAS

    04 Feb 2016

    The International Public Sector Accounting Standards Board (IPSASB) has released for comment Exposure Draft ED 61 'Amendments to Financial Reporting under the Cash Basis of Accounting'.

  • IASB (International Accounting Standards Board) (blue) Image
  • IASB website available again

    03 Feb 2016

    The IASB website, which had been down for three days as a result of a major hardware failure at its hosting provider, is available again.

  • FASB (US Financial Accounting Standards Board) (lt blue) Image
    SEC (US Securities and Exchange Commission) (dark gray) Image
  • FASB constituents of the TRG will continue to meet

    02 Feb 2016

    Wesley R. Bricker, deputy chief accountant in the SEC’s Office of the Chief Accountant (OCA) spoke at the 43rd Annual Securities Regulation Institute (sponsored by the Northwestern Pritzker School of Law) about the implementation of the new revenue standard.

News RSS Feed  Link
 
  • Heads Up — FASB proposes guidance on cash flow classification Image
  • Heads Up — FASB proposes guidance on cash flow classification

    published 04 Feb 2016

    This Heads Up discusses the FASB’s recently issued proposed Accounting Standards Update (ASU) Classification of Certain Cash Receipts and Cash Payments, which would amend ASC 230 to add or clarify guidance on the classification of certain cash receipts and payments in the statement of cash flows. While ASC 230 provides some guidance on certain cash payments and receipts that are classified as operating, investing, or financing activities, it lacks consistent principles for evaluating the classification of cash payments and receipts in the statement of cash flows. The proposed ASU results from consensuses reached by the FASB’s Emerging Issues Task Force on eight issues related to cash flows.

  • 3-february-2016 Image
  • EFRAG endorsement status report 3 February 2016

    published 04 Feb 2016

    This endorsement status report update reflects that the endorsement of IFRS 9 'Financial Instruments' for use in the European Union is now expected in the second half of 2016 (was: first half).

  • Accounting Roundup — January 2016 Image
  • Accounting Roundup — January 2016

    published 02 Feb 2016

    This issue features articles on (1) the FASB’s release of (a) a final ASU on classification and measurement of financial instruments, (b) a proposed ASU on certain cash flow classification issues, and (c) two proposals related to employee benefit plans, (2) the IASB’s publication of (a) its new leasing standard, IFRS 16; (b) amendments to the guidance on income taxes in IAS 12; and (c) amendments to the guidance on cash flow disclosures in IAS 7, (3) adoption and transition observations related to the FASB’s and IASB’s new revenue standard, and (4) the SEC’s release of guidance related to the FAST Act.

  • 29-january-2016 Image
  • EFRAG endorsement status report 29 January 2016

    published 01 Feb 2016

    This endorsement status report update reflects the issuance of amendments to IAS 7 'Statement of Cash Flows' by the IASB on 29 January 2016. Endorsement is currently expected in the fourth quarter of 2016.

  • Heads Up — FASB proposes guidance on presentation of net periodic benefit cost and disclosures related to defined benefit plans Image
  • Heads Up — FASB proposes guidance on presentation of net periodic benefit cost and disclosures related to defined benefit plans

    published 28 Jan 2016

    This Heads Up discusses two proposed Accounting Standards Updates (ASUs) recently issued by the FASB: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost and Changes to the Disclosure Requirements for Defined Benefit Plans. The proposed ASUs would amend the requirements in ASC 715 related to (1) the income statement presentation of the components of net periodic benefit cost for the defined benefit pension and other postretirement plans an entity sponsors and (2) disclosures about those defined benefit plans. Comments on both proposed ASUs are due by April 25, 2016.

  • More publications
  • Publication RSS Feed  Link
     

    Correction list for hyphenation

    These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.