IASB seeks clarity between liabilities and equity
The proposal attempts to reduce diversity in practice on the accounting for complex instruments that have features of debt and equity.
Accounting compliance and reporting (IFRS)
New IFRS conceptual framework revises foundational reporting concepts
Information about performance and position is prioritized.
New IFRS conceptual framework revises foundational reporting concepts
A new conceptual framework for IFRS includes revisions to concepts for reporting assets, liabilities, income, and expenses.
IASB proposes changes around accounting policies and estimates
An IASB exposure draft seeks to clarify the distinction between accounting estimates and accounting policies.
IASB addresses uncertainty in accounting for income taxes
IFRIC 23 adds to the requirements of IAS 12.
Assessing the global state of the profession
As president of the International Federation of Accountants, Olivia Kirtley, CPA, CGMA, learned about issues accountants face around the world.
New IASB standard aims for consistent reporting for insurers
IFRS 17 creates a single approach for insurance contracts accounting.
IASB interpretation addresses uncertainty in accounting for income taxes
A new interpretation issued by the IASB specifies requirements for how organizations should reflect uncertainty in their accounting for income taxes.
New IASB standard aims for consistent accounting for insurers
A new standard issued by the IASB aims to provide transparent reporting about insurers’ financial position and risk.
IASB proposes amendments to 3 standards
The changes are part of an annual improvement process.
IASB proposes amendments to 3 IFRS standards
The IASB issued clarifications to standards related to income taxes, borrowing costs and investments in associates and joint ventures.
Will Brexit, Trump affect global accounting standards?
Political decisions that may affect cross-border business policies in the United States and the United Kingdom have so far had no effect on international accounting standards, Hans Hoogervorst said.
Why IFRS remains relevant in the U.S.
Knowledge and understanding of IFRS is important in the United States even though FASB’s standard-setting process best serves U.S. capital markets, SEC Chief Accountant Wes Bricker said.
How to tackle implementation of multiple high-profile accounting standards
New high-profile accounting standards for revenue recognition, leases and expected credit losses have companies facing a heavy implementation burden. Here are tips that could ease the stress and make implementation smoother.
Hoogervorst reappointed as IASB chairman
His first term brought significant new standards.
Bringing leases into view
New lease accounting standards issued by FASB and the International Accounting Standards Board will result in substantial changes in recognition and presentation on the balance sheet for lessees.
IASB requires disclosures about debt financing
The board responded to questions about changes in debt.
IASB issues leases standard; FASB to follow
Convergence project puts more leases on books.
The bilingual CPA
More situations arise that call for CPAs to be fluent in IFRS and U.S. GAAP.
Hoogervorst reappointed as chairman of IASB
Hans Hoogervorst will serve a second five-year term as chairman of the International Accounting Standards Board.
