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
  • Book badge (green) Image
    IASB (International Accounting Standards Board) (blue) Image
  • Recordings from the IASB research forum

    09 Dec 2016

    The third IASB Research Forum was held in conjunction with the 2016 Contemporary Accounting Research (CAR) conference that took place in Waterloo, Ontario, Canada on 15 and 16 October 2016. The Canadian Accounting Standards Board (AcSB) sponsored a webcast of the event and has now made available recordings on YouTube.

  • AICPA (American Institute of CPAs) (lt green) Image
  • CAQ issues publication on non-GAAP measures

    09 Dec 2016

    The Center for Audit Quality (CAQ) of the American Institute of Certified Public Accountants (AICPA) has released a publication 'Non-GAAP Financial Measures: Continuing the Conversation'.

  • FRC (United Kingdom Financial Reporting Council) Image
  • Quick overview of key attributes and approaches to reporting business models

    09 Dec 2016

    In October 2016, the UK Financial Reporting Council's (FRC) Financial Reporting Lab published a report on business model reporting, which provides valuable insight for companies on the importance of business model information to investors and the type of information they are seeking. The findings have now been condensed into a single page graphic overview.

  • IVSC (International Valuation Standards Council) (lt green) Image
  • IVSC publishes pre-publication draft of IVS 2017

    09 Dec 2016

    In April and June 2016, the International Valuation Standards Council (IVSC) issued exposure drafts of proposed new International Valuation Standards (IVSs) that will make up the 2017 IVS. The IVSC discussed the comments received on these drafts in September and October 2016 and has now released a pre-publication draft of the standards.

  • IASB speeches (blue) Image
  • Hans Hoogervorst discusses pension liability

    08 Dec 2016

    At the Institute of Pension Education in Rotterdam, IASB Chairman Hans Hoogervorst spoke about pension liabilities and the effect of a low interest rate environment.

  • IASB document (blue) Image
  • New Interpretation on foreign currency transactions and advance consideration

    08 Dec 2016

    The International Accounting Standards Board (IASB) has published IFRIC 22 'Foreign Currency Transactions and Advance Consideration' developed by the IFRS Interpretations Committee to clarify the accounting for transactions that include the receipt or payment of advance consideration in a foreign currency.

  • IASB document (blue) Image
  • IASB concludes the 2014-2016 annual improvements cycle

    08 Dec 2016

    The IASB has issued 'Annual Improvements to IFRS Standards 2014–2016 Cycle'. The pronouncement contains amendments to three International Financial Reporting Standards (IFRSs) as result of the IASB's annual improvements project.

  • FASB speech (lt blue) Image
  • FASB Chairman discusses international collaboration

    07 Dec 2016

    During the annual American Institute of Certified Public Accountants (AICPA) Conference on Current SEC and PCAOB Developments in Washington, D.C., FASB Chairman Russell Golden spoke about the FASB's priorities as the “Five Is” - one of which is "International".

News RSS Feed  Link
 
  • IFRS in Focus — Closing out 2016 Image
  • IFRS in Focus — Closing out 2016

    published 09 Dec 2016

    This newsletter sets out financial reporting issues that may be relevant for years ending on or after 31 December 2016 as a result of areas of regulatory focus, the current economic environment or changes in accounting standards.

  • Heads Up — FASB proposes targeted changes to guidance on liabilities and equity Image
  • Heads Up — FASB proposes targeted changes to guidance on liabilities and equity

    published 08 Dec 2016

    This Heads Up discusses a recently issued FASB Proposed Accounting Standards Update that would make limited changes to the Board’s guidance on classifying certain financial instruments as either liabilities or equity. The FASB’s objective is to improve (1) the accounting for instruments with “down-round” provisions and (2) the readability of ASC 480-10 by replacing the indefinite deferral of certain pending content with scope exceptions. Comments on the proposal are due by February 6, 2017.

  • EFRAG endorsement status report 8 December 2016 Image
  • EFRAG endorsement status report 8 December 2016

    published 08 Dec 2016

    This endorsement status report update reflects that the International Accounting Standards Board (IASB) published (1) Annual Improvements to IFRS Standards 2014–2016 Cycle, (2) IFRIC Interpretation 22 Foreign Currency Transactions and Advance Consideration, and (3) Amendments to IAS 40: Transfers of Investment Property on 8 December 2016. Endorsements of the amendments and IFRIC standard for use in the European Union are currently expected in the second half of 2017.

  • November Image
  • IFRS on point — November 2016

    published 06 Dec 2016

    IFRS on Point, published at the end of each month, highlights critical IFRS-related financial reporting developments.

  • Accounting Roundup — November 2016 Image
  • Accounting Roundup — November 2016

    published 02 Dec 2016

    This issue features articles on the FASB’s issuance of an ASU on restricted cash and proposed ASUs on (1) determining the customer of operation services in service concession arrangements and (2) amending the scope of modification accounting for share-based payment arrangements; the AICPA’s release of revenue working drafts for broker-dealers and depository and lending institutions; and the SEC’s issuance of a report on the modernization and simplification of Regulation S-K.

  • 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.