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
  • AASB (Australian Accounting Standards Board) (lt blue) Image
  • AASB research report concludes that IFRS adoption has benefited the Australian economy

    27 Oct 2016

    As part of a larger IFRS review project, the Australian Accounting Standards Board (AASB) has published Research Report No. 3 'The impact of IFRS adoption in Australia: Evidence from academic research'. After more than ten years of application of IFRSs in Australia, the AASB is looking into whether IFRS has improved the quality of financial reporting in Australia und whether it has improved comparability of Australian entities’ financial reporting with their global peers.

  • CMAC (Capital Markets Advisory Committee) (mid blue) Image
  • Agenda for November 2016 CMAC meeting

    26 Oct 2016

    Representatives from the International Accounting Standards Board (IASB) will meet with the Capital Markets Advisory Council (CMAC) in London on 3 November 2016. The agenda for the meeting has been released.

  • FEE (Federation of European Accountants - Fédération des Experts-comptables Européens) (lt green) Image
  • FEE responds to EBA consultation on guidance on accounting for expected credit losses

    26 Oct 2016

    In July 2016, the European Banking Authority (EBA) launched a consultation on draft guidelines on credit institutions' credit risk management practices and accounting for expected credit losses. The Federation of European Accountants (Fédération des Experts-comptables Européens, FEE) has responded to the consultation and asks for clarifications regarding the intended interaction between prudential and accounting requirements.

  • IASB (International Accounting Standards Board) (blue) Image
  • IASB updates work plan

    21 Oct 2016

    Following its October 2016 meeting, the IASB has updated its work plan. Only little progress or slippage can be traced. Most noticeable is postponing the publication of the discussion paper until February 2017.

  • FRC (United Kingdom Financial Reporting Council) Image
  • FRC discussion paper on improving the statement of cash flows

    21 Oct 2016

    The UK Financial Reporting Council (FRC) has issued a discussion paper on improving the statement of cash flows with the aim of identifying possible evolutionary improvements to the requirements of IAS 7 'Statement of Cash Flows'.

  • IASB meeting (blue) Image
  • October 2016 IASB meeting notes posted

    20 Oct 2016

    The International Accounting Standards Board (IASB) met at its offices in London on 18–19 October 2016. We have posted our comprehensive Deloitte observer notes for all projects discussed during the meeting.

News RSS Feed  Link
  • Heads Up — FASB simplifies accounting for intra-entity asset transfers Image
  • Heads Up — FASB simplifies accounting for intra-entity asset transfers

    published 25 Oct 2016

    This Heads Up discusses FASB Accounting Standards Update No. 2016-16, "Intra-Entity Transfers of Assets Other Than Inventory," which removes the prohibition in ASC 740 against the immediate recognition of the current and deferred income tax effects of intra-entity transfers of assets other than inventory. The ASU, which is part of the Board’s simplification initiative, is intended to reduce the complexity of U.S. GAAP and diversity in practice related to the tax consequences of certain types of intra-entity asset transfers, particularly those involving intellectual property.

  • IFRS on point — September 2016 Image
  • IFRS on point — September 2016

    published 12 Oct 2016

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

  • 12-october Image
  • EFRAG endorsement status report 12 October 2016

    published 12 Oct 2016

    This endorsement status report update reflects that EFRAG has issued a preliminary consultation document relating to the endorsement for use in the EU of IFRS 16 'Leases'.

  • 7 October Image
  • EFRAG endorsement status report 7 October 2016

    published 07 Oct 2016

    This endorsement status report update reflects that EFRAG has published draft endorsement advice on 'Classification and Measurement of Share-based Payment Transactions (Amendments to IFRS 2)'. Endorsement is currently expected in the second half of 2017.

  • 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.