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  • IFASS (International Forum of Accounting Standard Setters) (dark green) Image
  • Agenda for the upcoming IFASS meeting

    30 Aug 2016

    The International Forum of Accounting Standard Setters (IFASS) will meet in London on 27 and 28 September 2016. One topic of discussion will be the future of IFASS and the expectations regarding the cooperation with the IASB.

  • ASBJ (Accounting Standards Board of Japan) Image
    FASB (US Financial Accounting Standards Board) (lt blue) Image
  • FASB and ASBJ hold biannual meeting

    29 Aug 2016

    On 25 and 26 August 2016, the FASB and the Accounting Standards Board of Japan (ASBJ) met in Norwalk. The meeting was the 20th in a series of biannual meetings between the two standard-setters marking a ten-year partnership.

  • European Union Image
  • ECON ready to support Commission conclusion on EFRAG funding

    29 Aug 2016

    On 31 August 2016, the Committee on Economic and Monetary Affairs (ECON) of the European Parliament (EP) will consider a draft report that would support a proposal by the European Commission (EC) to extend the financing of the European Financial Reporting Advisory Group (EFRAG) beyond 2016.

  • ITCG (IFRS Taxonomy Consultative Group) (mid blue) Image
  • New guide to IFRS Taxonomy common practice content

    25 Aug 2016

    The IFRS Taxonomy contains some content that reflects new common practice regarding disclosures entities commonly provide in practice when applying IFRSs. These disclosures are not explicitly referred to in the standards or the accompanying materials.

  • IASB (International Accounting Standards Board) (blue) Image
    Islamic accounting (dk gray) Image
  • New Chair and Vice-Chair for the IASB's Islamic Finance Consultative Group

    25 Aug 2016

    The IASB has updated its website detailing the work of its Islamic Finance Consultative Group. As a result of the agenda consultation 2011, the IASB noted Islamic accounting as one of the possible issues for its agenda post 2011 and created a consultative group for Sharia'a-compliant instruments and transactions, which has now been renamed.

  • IASB speeches (blue) Image
  • Hans Hoogervorst discusses the IASB's future strategy at African conference

    24 Aug 2016

    At the Joint IFRS Foundation, PAFA, and ICPAK Conference in Nairobi, Kenya, IASB Chairman Hans Hoogervorst gave a speech titled ‘Latest developments and future focus'. He discussed (1) how Africa can use IFRS to achieve economic progress and (2) the IASB's new 'better communication' initiative.

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  • A roadmap to consolidation — Identifying a controlling financial interest Image
  • A roadmap to consolidation — Identifying a controlling financial interest

    published 30 Aug 2016

    The 2016 edition of this Roadmap reflects changes in the consolidation landscape introduced by the issuance of FASB Accounting Standards Update No. 2015-02, "Amendments to the Consolidation Analysis," in February 2015. It incorporates additional interpretations and guidance as a result of FASB and SEC activity as well as developments in practice. A summary of the changes made to the Roadmap since the 2015 edition is available in Appendix G.

  • Heads Up — FASB Issues Guidance on Cash Flow Classification Image
  • Heads Up — FASB issues guidance on cash flow classification

    published 30 Aug 2016

    This Heads Up discusses FASB Accounting Standards Update No. 2016-15, "Classification of Certain Cash Receipts and Cash Payments," which amends ASC 230 to add or clarify guidance on the classification of certain cash receipts and payments in the statement of cash flows. ASC 230 lacks consistent principles for evaluating the classification of cash payments and receipts in the statement of cash flows. This has led to diversity in practice and, in certain circumstances, financial statement restatements.

  • July Image
  • IFRS on point — July 2016

    published 23 Aug 2016

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

  • Accounting Roundup — July 2016 Image
  • Accounting Roundup — July 2016

    published 02 Aug 2016

    This issue features articles on (1) the FASB’s issuance of proposed ASUs that would (a) provide guidance on an employee benefit plan’s presentation and disclosure of interests in a master trust and (b) amend the income tax disclosure requirements in ASC 740; (2) the AICPA’s release of its second set of working drafts designed to help entities in various industries implement the requirements in the FASB’s revenue standard, ASU 2014-09; and (3) the SEC’s issuance of a proposed rule that would amend certain of its disclosure requirements that may be redundant, duplicative, or outdated, or may overlap with other SEC, U.S. GAAP, or IFRS disclosure requirements.

  • Lipiec 2016 Image
  • Biuletyn MSSF — Lipiec 2016

    published 26 Jul 2016

    Polish language newsletter on financial reporting standards. This edition discusses (1) 'Clarifications to IFRS 15 'Revenue from Contracts with Customers'', (2) 'Disclosure Initiative (Amendments to IAS 7)', and (3) 'Recognition of Deferred Tax Assets for Unrealised Losses'.

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