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  • IASB (International Accounting Standards Board) (blue) Image
  • Updated IASB work plan — Analysis

    19 Jan 2017

    Following its January 2017 meeting, the IASB has updated its work plan. In particular, the new standard on insurance (IFRS 17) is now expected in May and no longer in March since the fatal flaw review revealed some small issues that the staff wants to lay before the Board before finalising the draft. Also, following yesterday's decision to take a project on IFRS 9 and prepayment options onto the agenda, the IASB now announces that it expects to publish an exposure draft on the issue in April.

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

    19 Jan 2017

    On 18 and 19 January 2017, the FASB and the Accounting Standards Board of Japan (ASBJ) met in Tokyo. The meeting was the 21st in a series of biannual meetings between the two standard-setters.

  • IVSC (International Valuation Standards Council) (lt green) Image
  • IVSC publishes IVS 2017

    18 Jan 2017

    The International Valuation Standards Council (IVSC) has issued the suite of new International Valuation Standards (IVSs) that make up the 2017 IVS. They are the result of exposure drafts published in April and June 2016.

  • EFRAG (European Financial Reporting Advisory Group) (dk green) Image
  • EFRAG TEG appointments and reappointments

    17 Jan 2017

    The Board of the European Financial Reporting Advisory Group (EFRAG) has announced the appointment of six (new) members of its Technical Experts Group (TEG).

  • IASB (International Accounting Standards Board) (blue) Image
  • IASB article on putting IFRS 16 into practice

    13 Jan 2017

    The IASB has published an article featuring four IASB members discussing messages they have heard from stakeholders about IFRS 16 implementation over the last year and advice to companies implementing the new standard.

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  • IFRS fokussiert — Bilanz für das Jahr 2016 Image
  • IFRS fokussiert — Bilanz für das Jahr 2016

    published 17 Jan 2017

    This German-language newsletter provides an overview of the standards and interpretations that are mandatorily applicable for the first time in the financial statements for reporting periods ending on 31 December 2016. The publication also gives an overview over the standards and interpretations that are not mandatorily applicable yet but can be applied early.

  • IFRS Project Insights — Insurance contracts Image
  • IFRS Project Insights — Insurance contracts

    published 16 Jan 2017

    This edition of IFRS Project Insights provides a summary of the IASB's project on insurance contracts and discusses recent tentative decisions reached by the Board. This publication has been updated as of 16 January 2017.

  • EFRAG endorsement status report 13 January 2017 Image
  • EFRAG endorsement status report 13 January 2017

    published 13 Jan 2017

    This endorsement status report update reflects the issuance of EFRAG final endorsement advice on 'Applying IFRS 9 'Financial Instruments' with IFRS 4 'Insurance Contracts''.

  • Heads Up — FASB clarifies the definition of a business Image
  • Heads Up — FASB clarifies the definition of a business

    published 13 Jan 2017

    This Heads Up discusses the FASB’s recently issued ASU 2017-01, "Clarifying the Definition of a Business," which introduces amendments that are intended to make the guidance in ASC 805 on the definition of a business more consistent and cost-efficient.

  • Heads Up — FASB proposes updates to inventory disclosures Image
  • Heads Up — FASB proposes updates to inventory disclosures

    published 12 Jan 2017

    This Heads Up discusses the FASB’s recently issued proposed Accounting Standards Update (ASU) "Disclosure Framework — Changes to the Disclosure Requirements for Inventory," which would modify or eliminate certain disclosure requirements related to inventory as well as establish new requirements.

  • Power & Utilities — Accounting, Financial Reporting, and Tax Update (2017) Image
  • Power and Utilities — Accounting, Financial Reporting, and Tax Update (2017)

    published 10 Jan 2017

    This annual publication discusses accounting, tax, and regulatory matters that are of interest to P&U entities, including updates to SEC, FASB, and tax guidance, and focuses on specialized industry accounting topics that frequently affect P&U companies, including rate-regulated entities. Several sections of the publication have been expanded this year to concentrate on accounting and reporting considerations related to the new leases and new revenue standards, including specific industry matters that remain outstanding with the AICPA’s Power and Utility Entities Revenue Recognition Task Force.

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