Author Archives: Sunil Thukral
Public roundtables on Revenue Recognition, lnsurance Contracts and Leases announced
The International Accounting Standards Board (IASB) and the U.S. Financial Accounting Standards Board (FASB) plan to hold a series of public roundtable meetings between November 2010 and January 2011 for the Revenue… Read more
EY publication relating to the mining companies for U.S. GAAP reporters
By 2011, 90% of the top 30 mining and metal companies will be on IFRS. In this Ernst & Young publication relating to the mining companies discusses some of the… Read more
IASB’s Staff draft of a forthcoming IFRS on fair value measurement
The IASB has posted to its website a staff draft of a forthcoming IFRS on fair value measurement that reflects the tentative decisions made to date by the IASB and… Read more
Changes to Lease Accounting – joint IASB/FASB exposure draft released
On August 17, 2010, the FASB and IASB issued exposure drafts proposing a new approach to lease accounting that would significantly change the way entities account for leases. Once finalized,… Read more