IASB and FASB settle differences over lease accounting
Accounting Standards

IASB and FASB settle differences over lease accounting

13y Richard Crump , Writer

IASB and FASB settle differences over lease accoun...

Standard setters agree to a two model approach to accounting for lease expenses on the balance sheet Read More...

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Expected-loss model "well on the way", says IASB
Accounting Standards

Expected-loss model "well on the way", says IASB

13y Richard Crump , Writer

Expected-loss model "well on the way", says IASB

Hans Hoogervorst said criticisms of incurred-loss model only partially justified Read More...

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World is waiting as US dithers over IFRS
Accounting Standards

World is waiting as US dithers over IFRS

13y Richard Crump , Writer

World is waiting as US dithers over IFRS

Sir David Tweedie warns that US elections could put convergence back ten years Read More...

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IASB and FASB offer clarification around expected loss attributes
Accounting Standards

IASB and FASB offer clarification around expected loss attributes

13y Richard Crump , Writer

IASB and FASB offer clarification around expected ...

The boards also clarified the so called ‘three bucket' approach, designed to help banks make responsible provisions Read More...

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IFRS in the US could be ‘Chinese water torture’
Accounting Standards

IFRS in the US could be ‘Chinese water torture’

13y Richard Crump , Writer

IFRS in the US could be ‘Chinese water torture’

IASB chairman Hans Hoogervorst is confident US regulators will ‘take a positive decision' to adopt IFRS Read More...

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"Progess" gained on accounting convergence
Accounting Standards

"Progess" gained on accounting convergence

13y Kevin Reed , Writer

"Progess" gained on accounting convergence

IASB chief sees progress on IASB/FASB efforts for accounting standard converegence Read More...

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IASB and FASB propose netting workaround
Accounting Standards

IASB and FASB propose netting workaround

13y Kevin Reed , Writer

IASB and FASB propose netting workaround

Gap between US and international rules for netting of derivatives assets and liabilities prove too difficult to bridge Read More...

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US considers 'modified incorporation' of IFRS
Accounting Standards

US considers 'modified incorporation' of IFRS

13y Rose Orlik

US considers 'modified incorporation' of IFRS

US standard setters urge keeping the name US GAAP but merging with IFRS where possible Read More...

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Standard setter minutiae kicks off conference
Accounting Standards

Standard setter minutiae kicks off conference

13y Rose Orlik

Standard setter minutiae kicks off conference

IASB and FASB kick off Meet The Experts financial reporting conference with a run-down of manifold challenges Read More...

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Lease accounting changes 'little known'
Accounting Standards

Lease accounting changes 'little known'

13y Rose Orlik

Lease accounting changes 'little known'

The business world is still in the dark over potential changes to lease accounting standards, warns Grant Thornton Read More...

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US standard setters could forge own path for SMEs
Accounting Standards

US standard setters could forge own path for SMEs

13y Rose Orlik

US standard setters could forge own path for SMEs

US standard setters might write rules for SMEs that are distinct from both US GAAP and IFRS Read More...

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US standard setters 'move slowly to maximise success'
Accounting Standards

US standard setters 'move slowly to maximise success'

13y Rose Orlik

US standard setters 'move slowly to maximise succe...

US standard setters the FASB said slow convergence stretching into 2012 will maximise chance of success Read More...

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Global standard setters re-expose leasing draft
Accounting Standards

Global standard setters re-expose leasing draft

14y Rose Orlik

Global standard setters re-expose leasing draft

Standard setters invite more comment on common leasing standard as board decisions have moved on Read More...

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US banks attack proposed accounting standards
Accounting Standards

US banks attack proposed accounting standards

14y Rose Orlik

US banks attack proposed accounting standards

US banks have attacked proposed accounting standards that could force them to bring derivatives on balance sheet, potentially inflating their numbers ...

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Fair value in focus for new accounting standard
Accounting Standards

Fair value in focus for new accounting standard

14y Rose Orlik

Fair value in focus for new accounting standard

Today's fourth new international accounting standard offers clarification on the use of fair value accounting, an issue that achieved notoriety during...

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Progress on international accounting standards 'substantial'
Accounting Standards

Progress on international accounting standards 'substantial'

14y Rose Orlik

Progress on international accounting standards 'su...

The International Accounting Standards Board has said convergence progress is substantial, outlining projects completed since November and those where...

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Pace of change to new accounting rules frightens EC
Accounting Standards

Pace of change to new accounting rules frightens EC

14y Kevin Reed , Writer

Pace of change to new accounting rules frightens E...

Jeroen Hooijer warns that major accounting standards project requires more road-testing Read More...

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Joint approach forged on accounting for loan losses
Accounting Standards

Joint approach forged on accounting for loan losses

14y Gavin Hinks

Joint approach forged on accounting for loan losse...

US and international standard setter open new proposals up for public comment Read More...

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Standard setters work to 'align' balance sheet approach
Accounting Standards

Standard setters work to 'align' balance sheet approach

14y Gavin Hinks

Standard setters work to 'align' balance sheet app...

US and international standard setters set to harmonise approach to 'offsetting' for financial assets Read More...

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US rule maker appeases banks
Audit

US rule maker appeases banks

14y Accountancy Age

US rule maker appeases banks

FASB moves closer to the international standard setter on accounting for loan books Read More...

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Agreement reached on accounting for losses on bank loans
Accounting Standards

Agreement reached on accounting for losses on bank loans

14y Gavin Hinks

Agreement reached on accounting for losses on bank...

IASB and FASB opt for the expected loss model to account for losses on loans Read More...

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Seidman takes up FASB chairman role
Accounting Standards

Seidman takes up FASB chairman role

14y Kevin Reed , Writer

Seidman takes up FASB chairman role

Leslie Seidman takes over from Bob Herz as FASB chairman Read More...

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EU chief urges US to buy into IFRS
Accounting Standards

EU chief urges US to buy into IFRS

14y Gavin Hinks

EU chief urges US to buy into IFRS

Commissioner says US cannot afford to 'diverge' from IFRS path Read More...

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ICAEW: US standards proposal complicates convergence
Accounting Standards

ICAEW: US standards proposal complicates convergence

14y Kevin Reed , Writer

ICAEW: US standards proposal complicates convergen...

Institute takes a pop at the US standards setter's proposal for fair value accounting Read More...

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FASB picks Golden boy for board post
Accounting Standards

FASB picks Golden boy for board post

14y Gavin Hinks

FASB picks Golden boy for board post

Favourite for chairman's role steps up to the board Read More...

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US finance executives voice opposition to fair value model
Accounting Standards

US finance executives voice opposition to fair value model

14y Mario Christodoulou

US finance executives voice opposition to fair val...

Trade body warns against "heavy reliance" on fair value Read More...

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News round-up 9 September 2010
Administration

News round-up 9 September 2010

14y Accountancy Age

News round-up 9 September 2010

The big stories on accountancyage.com from the last two weeks Read More...

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