Accounting Roundup – first quarter 2008 review
08 Apr 2008
We have posted Accounting Roundup: First Quarter in Review–2008, prepared by the National Office Accounting Standards and Communications Group of Deloitte & Touche LLP (USA).
This newsletter provides brief descriptions of pronouncements affecting accounting, financial reporting, and corporate governance issued during 1Q-2008 by standard setters and regulators including FASB, EITF, AICPA, SEC, FASAB, PCAOB, GASB, IASB, and IFRIC. It also outlines other third-quarter regulatory and professional developments. This quarterly review consists of articles, adapted as necessary, from issues of Accounting Roundup published in January and February 2008, as well as new articles for the month of March. You will find past issues Here. International developments covered in this edition of Accounting Roundup are:
- IASB Amends Financial Instruments Standard for Puttable Instruments and Obligations Arising on Liquidation
- IASB Revises Accounting for Business Combinations and Noncontrolling Ownership Interests
- IASB Amends IFRS 2 on Share-Based Payments
- IFRIC Proposes Guidance on Distributions of Noncash Assets to Owners
- IFRIC Proposes Guidance on Accounting for Customer Contributions
- IASB Publishes Discussion Paper on Employee Benefits
- IASB Publishes Discussion Paper on Reducing Complexity in Financial Instrument Reporting
- FASB Proposes to Narrow Definition of Equity; IASB Issues Discussion Paper Seeking Constituents' Views
- IASC Foundation Releases 2008 IFRS Taxonomy
Click to view Accounting Roundup: First Quarter in Review–2008 (PDF 1,101k, 55 pages).