International


The International Financial Reporting Interpretations Committee (IFRIC) of the International Accounting Standards Board amended Interpretation 12, Consolidation—Special Purpose Entities ( www.iasb.org/news/iasb.asp ) to remove its scope exclusion of equity compensation plans. Consequently, entities will have to consolidate employee benefit trusts they set up for use in share-based payment arrangements. The amendment also expands the scope exclusion in the interpretation for postemployment benefit plans to include “other long-term employee benefit plans.” IFRIC made these changes to ensure the interpretation was consistent with International Accounting Standard 19, Employee Benefits (as amended in 2002), which no longer applied to equity compensation plans after International Financial Reporting Standard (IFRS) 2, Share-Based Payment, became effective for annual periods beginning on or after January 1, 2005.

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VIDEO

Excel walk-through: Sparklines

Want to liven up your spreadsheets with some color and graphical elements? Kelly L. Williams, CPA, Ph.D., shows how to use Excel sparklines, which illustrate data trends and patterns via small charts that fit in a single Excel cell.