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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
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
The Impact of IFRS on Technology – A Practical Introduction
Although converting to International Financial Reporting Standards (IFRS) is accounting-driven, organizations should realize very early on that it is a multi-faceted business change initiative that has potentially wide-reaching impacts across… Read more
KPMG: Segment Reporting – The Application of IFRS – Executive Summary
The Application of IFRS: Segment Reporting – Executive Summary is based on a review of the most recent consolidated financial statements of randomly selected companies within the Fortune 500 that… Read more
CICA publication – The IFRS Changeover – A Guide for Users of Financial Reports
In The IFRS Changeover – A Guide for Users of Financial Reports, the Canadian Performance Reporting Board (CPRB) focuses on raising awareness in the user community about the effect of… Read more
IFRS 9: Financial Instruments (the IAS 39 replacement)
One of the most complex accounting standards in the IFRS accounting literature that is complex and often difficult to apply is IAS 39. In spring of 2009, the G-20 leaders,… Read more
PWC: IFRS and U.S. GAAP: similarities and differences: September 2009
The PWC’s guide IFRS and U.S. GAAP: similarities and differences (Sep 2009) will help companies develop a broad understanding of the major differences between IFRS and U.S. GAAP today as… Read more
Japan seeks bigger say in IFRS
IFRS as you might be aware are the new global set of financial reporting standards. So what do we really mean with the word “global” – Is it one set… Read more