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MarkFriedlich
MARCH 30, 2020
The International Accounting Standards Board (IASB) has released the document, IFRS 9 and COVID-19—Accounting for Expected Credit Losses Applying IFRS 9 Financial Instruments in the Light of Current Uncertainty Resulting from the COVID-19 Pandemic.
Accounting Today
NOVEMBER 12, 2024
The International Accounting Standards Board wants feedback on targeted improvements it's proposing to make to improve the requirements for recognizing and measuring provisions on corporate balance sheets.
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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting
Book of Secrets on the Month-End Close
How To Break Digital Transformation Barriers And Accelerate AI Adoption
Forecasting Failures Are Costly: Here's How To Fix Them
Withum
JANUARY 27, 2025
The enactment of SAB 122 officially rescinds the interpretive guidance and instead directs firms to use Financial Accounting Standards Board rules or International Accounting Standard provisions.
Accounting Insight
JANUARY 7, 2025
Cloud-based LeaseJava enables audit firms, corporations and non-profit/government entities to manage their leases and ensure compliance with accounting standards such as ASC 842, IFRS 16 and GASB 87. The organization also plans to extend the solutions availability to other markets, including Canada and the UK.
Accounting Today
SEPTEMBER 20, 2024
The International Accounting Standards Board has begun a public consultation on proposed amendments to IFRS to account for investments in associates and joint ventures.
CPA Practice
FEBRUARY 13, 2023
Automation and digitalization of accounting processes: This includes the use of software systems, cloud computing, and artificial intelligence in the accounting process.
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Accounting Today
APRIL 10, 2024
The International Accounting Standards Board has completed a new standard to give investors more readily comparable information about companies operating profits in one of the biggest changes to International Financial Reporting Standards in decades.
Accounting Today
JULY 31, 2024
The International Accounting Standards Board published a consultation document with eight proposed illustrative examples to show how companies could apply International Financial Reporting Standards when reporting the effects of climate-related and other types of uncertainties in their financial statements.
Accounting Today
MARCH 14, 2024
The International Accounting Standards Board hopes to enhance the information provided by companies to their investors about acquisitions under IFRS.
Accounting Today
SEPTEMBER 17, 2024
The International Accounting Standards Board has begun a research project to review the requirements for the statement of cash flows and related matters.
Cherry Bekaert
FEBRUARY 22, 2024
Our Accounting Advisory team regularly interprets and applies U.S. and international accounting standards and SEC reporting requirements to our client’s complex business transactions.
CPA Practice
AUGUST 10, 2023
In his new role, Dyer will be responsible for ensuring Grant Thornton’s engagement teams and clients continue to have access to industry-leading acumen, thought leadership and training on technical accounting standards. Dyer is also a member of the AICPA’s Depository Institution Expert Panel.
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SkagitCountyTaxServices
JUNE 8, 2022
If the last 20 years of the economy’s highs and lows, downturns and headlines taught us anything about business, it’s that complete and transparent accounting is in everyone’s best interest. One independent organization working to keep companies’ books clear and honest is the Financial Accountant Standards Board.
Going Concern
JULY 22, 2022
Global Rulemakers Say It’s Time to Fix Goodwill Accounting [ Bloomberg Tax ] The International Accounting Standards Board said Thursday that it would decide whether to change the rules covering acquisition accounting at its next meeting.
inDinero Tax Tips
FEBRUARY 22, 2023
For an executive or business owner, keeping up to date with accounting regulations is low on the to-do list. However, you should make an exception for “Accounting Standards Codification Topic 606: Revenue from Contracts with Customer” often referred to as ‘ASC 606’ or ‘FASB ASC 606’ What Is ASC 606?
Accounting Insight
SEPTEMBER 2, 2024
Myth 1: Offshore Audits Compromise Quality Fact: Offshore audits maintain the same high standards as onshore audits. Offshore audit firms typically employ highly qualified professionals who are well-versed in both international accounting standards and local regulations.
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PYMNTS
JUNE 4, 2020
The International Accounting Standards Board introduced a significant overhaul to lease accounting standards , and while the changes went into effect at the start of 2019, corporates continue to face challenges to adhere to the standards and remain compliant. In the U.S.,
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inDinero Accounting
JUNE 29, 2023
The history of GAAP dates back to 1929 when the Committee on Accounting Procedure was founded by the American Institute of Accountants and tasked with developing uniform accounting standards. Additional resources are required in order to ensure that all financial reports comply with GAAP principles.
Withum
JUNE 14, 2023
Companies will have to disclose specific ESG information that regulators and accounting standards require. ESG reporting standards are transitioning from the wild west to ridged government and accounting-imposed standards. Below is a summary of some sustainability reporting standards companies will be subject to.
PYMNTS
MAY 3, 2019
The International Accounting Standards Board established the new lease accounting rules because previous lease accounting practices limited investor and analyst visibility into company finances without leases included on the balance sheet, reports explained.
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Going Concern
JULY 29, 2024
India Today explains why US firms love hiring accountants in India : Consequently, American firms are increasingly turning to other countries to fill the gap, particularly eyeing India for its highly skilled accounting professionals.
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PYMNTS
JUNE 17, 2016
The Wall Street Journal reported on Thursday (June 16) that accounting rules are taking effect that would ensure that banks would have to report loans going south much earlier than had been done before, which may push reserves higher, eating into profits. The new rules have been issued by the Financial Accounting Standards Board.
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Menzies
NOVEMBER 3, 2022
Menzies LLP - A leading chartered accountancy firm. Which accounting standard should you use? When preparing a set of financial statements in the UK there is a choice of accounting standard to apply in order to comply with UK Companies Act 2006.
PYMNTS
OCTOBER 26, 2018
Amid reports this week that changes to accounting standards are coming over the next few weeks, the Securities and Exchange Commission (SEC) has said that financial professionals, including accountants, must be mindful of cybersecurity risks.
Baruch Lev
JULY 11, 2021
The Wall Street Journal reported (July 1, 2021) that the International Accounting Standards Board (IASB), the accounting body that sets the financial reporting rules of public companies in more than 140 jurisdictions ? So, accounting standard-setters have their work cut out for them. but not in the U.S. —
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Snyder
MAY 27, 2022
When it comes to the decision-making strategy, this type of accounting becomes your main priority. In financial accounting, the rules are set by the Financial Accounting Standards Board ( FASB ) or by the International Accounting Standards Board ( IASB ). Difference #6.
PYMNTS
JANUARY 30, 2020
New lease accounting standards are in effect for publicly traded companies in the U.S. after the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) introduced changes to the way businesses account for their outstanding leases.
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Accounting Seed
MARCH 17, 2022
The foreign currency accounting standard guides how you must do this. Accounting for Foreign Exchange. centric — no overseas customers, employees or vendors — foreign exchange accounting isn’t anything you have to worry about. GAAP Rules for Foreign Exchange Accounting. What is Cash Disbursement in Accounting?
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inDinero Tax Tips
FEBRUARY 22, 2023
For an executive or business owner, keeping up to date with accounting regulations is low on the to-do list. However, you should make an exception for “Accounting Standards Codification Topic 606: Revenue from Contracts with Customer” often referred to as ‘ASC 606’ or ‘FASB ASC 606’ What Is ASC 606?
Baruch Lev
JUNE 6, 2021
Intangibles are clearly investments, expected to generate future benefits, but accountants treat them as regular expenses reducing earnings. The absurd result: the more innovative the enterprise, the higher its accounting losses. Pfizer’s $9.4
PYMNTS
MARCH 7, 2016
GAAP and international accounting standards, is another boon to efficiency, said Bres. One key rests with expanded functionality that lets users across departments deploy commentary and content tied to social networking features, which fosters real-time collaboration across departments.
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Withum
JULY 11, 2023
International accounting standards will require sustainability disclosure alongside finance statements. Furthermore, these reporting standards will require the adoption of internal controls that can support an independent audit.
inDinero Accounting
JUNE 24, 2021
According to accounting standards, a financial report presents a company’s assets, liabilities, income, expenses, equity, shareholder position, and cash flow in a period (i.e., a private nonprofit organization called the Finance Accounting Standards Board (FASB) oversees and guides how to prepare financial statements to.
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Accounting Seed
DECEMBER 5, 2022
Read on: Top 7 Issues Accountants Face Today Small Business Accounting Tips Startup Accounting Tips: Scaling a Growing Startup Accounting Software for Accountants: What to Look For DCAA Compliant Accounting Software: What to Look For What are the International Accounting Standards (IAS)?
DMCL
APRIL 11, 2022
The budget proposes elimination of some impacts of the new IFRS 17, a new international accounting standard applicable to insurance contracts that would allow insurance companies to defer recognition of income under both generally accepted accounting principles and for tax purposes.
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Accounting Seed
JULY 21, 2022
Ask for a demo of Accounting Seed and see what this full-featured platform can do for your startup accounting. Read on: Top 7 Issues Accountants Face Today. Small Business Accounting Tips. DCAA Compliant Accounting Software: What to Look For. What are the International Accounting Standards (IAS)?
CPA Practice
NOVEMBER 19, 2024
A new proposal that would establish authoritative guidance on the accounting for government grants received by businesses was issued by the Financial Accounting Standards Board (FASB) on Nov.
115 
Accounting Seed
JANUARY 7, 2025
Read on: Your Guide to Accounting Efficiency Top 7 Issues Accountants Face Today Small Business Accounting Tips Startup Accounting Tips: Scaling a Growing Startup Accounting Software for Accountants: What to Look For DCAA Compliant Accounting Software: What to Look For What are the International Accounting Standards (IAS)?
Going Concern
OCTOBER 25, 2024
accounting standard setter’s meeting last week. accounting standard setter’s meeting last week. Investors had supported the International Accounting Standards Board’s March proposal, saying it would help them assess acquisitions. The board also set a 45-day comment period for the update.
Going Concern
AUGUST 25, 2023
News US Accounting Board Looks Across the Ocean to Fill Hole in Rules [ Bloomberg Tax ] The flood of government aid that helped keep companies afloat during the coronavirus pandemic exposed a hole in US accounting rules: Businesses have no way to record the grants, loans, and tax breaks that bolstered their bottom lines.
ThomsonReuters
MARCH 17, 2021
Is it an area you would consider for convergence with the IASB, in light of International Accounting Standard (IAS) 20, Accounting for Government Grants and Disclosure of Government Assistance, being known and used widely by companies? GAAP by developing high-quality accounting standards.
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Going Concern
JANUARY 21, 2025
The accounting body, in alliance with the Australian Accounting Standards Board (AASB) and Malaysian Accounting Standards Board (MASB), seeks to gather insights on current accounting and financial reporting hurdles faced by professionals.
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