IFRS
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Latest blogosphere posts tagged “IFRS”
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IASB Issues New Standard on Financial Instruments
Accounting Principles —
Authority: 115
The International Accounting Standards Board (IASB) issued today a new International Financial Reporting Standard (IFRS) on the classification and measurement of financial assets. Publication of the IFRS represents the completion of the first part of a three-part project to replace IAS 39 Financial Instruments: ...2 days ago -
IFRS: Political Sharks in the Waters
Accounting Principles —
Authority: 115
Recently the G-20 has taken an initiative in pushing for global accounting standards —specifically nudging the U.S. toward converging GAAP with IFRS. They stated that this initiative is important to restoring trust in the global financial system. Sharks are circling in the IFRS convergence water—political ...2 days ago -
High Profile Accounting Monitoring Board for IFRS Hints at Support for Convergence from U.S.; SECs Schapiro is a member
Accounting Principles —
Authority: 115
Talks to harmonise standards receive boost from a high-powered international oversight body this week. The oversight board, known as the Monitoring Board, said in a statement that it was “pleased” by the approach of both boards. The full statement: “The Monitoring Board welcomes the commitment of the ...3 days ago -
Jack has it right: It truly is an accounting vortex
CPA Success —
Authority: 420
Jack Ciesielski is dead-on in his post "An Accounting Vortex," in which he describes the turbulent, spinning changes in accounting regulations and standards. Specifically, he is referring to the SECs quick reversal from a slowdown to a race to get to IFRS fast. Then there is the House bill exempting ...4 days ago -
SEC Hints at U.S. IFRS Adoption
Accounting Principles —
Authority: 115
Following a joint meeting of the IASB and the FASB last week, SEC chairman Mary Schapiro provided a hint on U.S intentions on convergence with IFRS . Schapiro read a 40-word statement last week that included the words "I am greatly encouraged by the commitment of the IASB and the FASB to provide greater ...6 days ago -
Tipping point arrives for private co. standards
CPA Success —
Authority: 420
After hitting a few roadblocks, potholes and caution signs earlier this year, IFRS is back in the express lane . In the last few weeks alone, weve seen SEC Chief Accountant James Kroeker promise additional clarity on the SECs IFRS roadmap , the IASB and FASB renew their commitment to hitting their convergence ...6 days ago -
Accounting Framework of the IFRS for Small Business [SMEs]
Accounting-financial-tax.com offers bookkeeping journal entry basic accounting financial accounting management accounting tax accounting cash management accounting cost accounting financial ratio budget forecasting —
Authority: 130
“Small and Medium-sized Entities [SMEs]” has different meanings in different territories. The definition in the context of the IFRS for SMEs is entities that do not have public accountability but that publish general purpose financial statements. Every entity has some form of accountability, if only to its owners ...1 week ago -
SEC Chief Accountant says SEC will Clarify IFRS Roadmap by end of Fall
Accounting Principles —
Authority: 115
Last Friday, October 30, SEC Chief Accountant James Kroeker announced that the SEC remains committed to its IFRS road map . Kroeker said he does not know the exact date the SEC will finalize its plan some time this fall. The information was provided as an answer to a question following Kroeker’s speech at an ...1 week ago -
Which IFRS are needed for your SEM-BCS?
SAP Developer Network SAP Weblogs —
Authority: 152
A look at which IFRS and IAS statements are most relevant to BCS.2 weeks ago -
Taarifa kwa vyombo vya habari kutoka mkutano wa NBAA, CMSA, BRELA na DSE
nukta77 —
Authority: 148
Katika Mkutano uliofanyika tarehe 27 Octoba 2009 ukishirikisha Bodi ya Taifa ya Wahasibu na Wakaguzi wa Hesabu (NBAA), Mamlaka ya Masoko ya Mitaji na Dhamana (CMSA), Wakala wa Usajili na sheria za Biashara (BRELA), and Soko la Hisa la Dar es Salaam (DSE) zikiwa ni taasisi zinazosimamia shughuli za kampuni chini ya ...2 weeks ago -
Opposition to IFRS among U.S. CFOs
Accounting Principles —
Authority: 115
While recent surveys have shown support for IFRS among financial executives, a recent Grant Thornton survey Forty percent of U.S. CFOs and senior comptrollers do not believe U.S. companies should be required to useIFRS. Thirty-nine percent of the 846 senior financial executives surveyed said that U.S. companies ...2 weeks ago -
New FAQs examine IFRS for small, mid-size companies
CPA Success —
Authority: 420
IFRS is hot again, and public companies arent the only ones getting in on the act. Equally hot of late is IFRS for Small and Medium-Size Entities , a 230-page standard from the International Accounting Standards Board designed to meet the reporting needs of smaller businesses. Released in July 2009, IFRS for SMEs ...2 weeks ago -
BP: Financial Gauge Analysis through the September 2009 Quarter
Financial Gauges —
Authority: 422
In a previous article , we examined BP s ( NYSE: BP and LON:BP ) Income Statement for the September quarter and compared the figures on each line to our "look-ahead" estimates . Earnings in the third quarter fell from $2.58 per ADR to $ 1.69. Using the financial statements in BPs earnings ...2 weeks ago -
Technology Implications of IFRS
SAP Developer Network SAP Weblogs —
Authority: 152
This blog discusses details of a webinar Im co-presenting on November 4th titled, IFRS Consolidations and Financial Reporting.2 weeks ago -
BP: Income Statement Analysis for the September 2009 Quarter
Financial Gauges —
Authority: 422
BP ( NYSE: BP ) surpassed expectations by achieving a $1.69 per ADR profit attributable to shareholders in the third quarter of 2009, which ended 30 September. The profit in the same period last year was $2.58/ADR. This post examines the Group Income Statement for the quarter in the earnings announcement ...2 weeks ago -
U3O8 Corp. to early adopt Int. Financial Reporting Standards in 2010
Uranium Investing News —
Authority: 437
U3O8 Corp., a Canadian uranium exploration company, reportsthat the Canadian Securities Administrators have approved its application for early adoption of International Financial Reporting Standards as issued by the International Accounting Standards Board, for the financial year beginning on January 1, 2010. ...3 weeks ago -
Differences Between IFRS and GAAP Could Create Challenges for Educators
Corporate Compliance Insights —
Authority: 422
By Dr. Yvonne HinsonIFRS will most likely come to the U.S. in some form but the timeline is still unknown. The differences between IFRS and GAAP are something that educators need to be addressing now as they send students out into a global marketplace. (This is only a summary of the article. Click on the headline to ...3 weeks ago -
NOK: Financial Gauge Analysis for the September 2009 Quarter
Financial Gauges —
Authority: 422
In previous article , we examined Nokia s ( NYSE: NOK ) Income Statement for the third quarter of 2009 and compared the figures on each line to our "look-ahead" estimates . Nokia wrote off €900 million of intangible assets during the quarter, which resulted in a loss of €0.15 per share. Using the ...4 weeks ago -
NOK: Income Statement Analysis for the September 2009 Quarter
Financial Gauges —
Authority: 422
Nokia Corp. ( NYSE: NOK ) lost €0.15 per share in the third quarter of 2009, down from earnings of €0.29 last year. If Nokia had not written off €900 million of intangible assets , the company would have earned €0.17 per share. This post examines the Income Statement and compares the entries on each ...4 weeks ago -
Assessing IFRS Readiness
SAP Developer Network SAP Weblogs —
Authority: 152
First webinar of a three-part IFRS webinar series on conducting an IFRS assessment.4 weeks ago