Monthly Archives: November 2008
XBRL basics – Video presentation my Mike Willis (6 of 6)
Mike Willis from PWC addressed California CPA Council on June 28, 2008. XBRL and IFRS are of prime importance to the work of CPAs.
XBRL basics – Video presentation my Mike Willis (5 of 6)
Mike Willis from PWC addressed California CPA Council on June 28, 2008. XBRL and IFRS are of prime importance to the work of CPAs.
XBRL basics – Video presentation my Mike Willis (4 of 6)
Mike Willis from PWC addressed California CPA Council on June 28, 2008. XBRL and IFRS are of prime importance to the work of CPAs.
XBRL basics – Video presentation my Mike Willis (3 of 6)
Mike Willis from PWC addressed California CPA Council on June 28, 2008. XBRL and IFRS are of prime importance to the work of CPAs.
XBRL basics – Video presentation my Mike Willis (2 of 6)
Mike Willis from PWC addressed California CPA Council on June 28, 2008. XBRL and IFRS are of prime importance to the work of CPAs.
XBRL basics – Video presentation my Mike Willis (1 of 6)
Mike Willis from PWC addressed California CPA Council on June 28, 2008. XBRL and IFRS are of prime importance to the work of CPAs.
What are the minimum line items that should be included in the balance sheet prepared using IFRS?
The minimum line items that should be included in the balance sheet are: a. Property, plant, and equipment (PPE) b. Investment property c. Intangible assets d. Financial assets (excluding amounts… Read more
Do changes in estimates require restatement of the financial statements?
No, a change in estimate does not require restatement of the financial statements of a prior period because it is not a correction of an error.
How are the Related Party accounting standards different under IFRS compared to U.S. GAAP?
There are no significant differences between the two standards, i.e. FAS 57 and IAS 24 (both entitled Related Party Disclosures), nor are there any convergence initiatives.