Can investors win in a new era of accounting?
July 4th, 2014
Big changes over global accounting standards go into effect in 2017, and they could greatly influence how profitable companies are perceived. Like an operating system runs a computer, revenue makes a company go; nothing happens until somebody sells something. ...
New revenue guidance: Six things to consider
May 30th, 2014
The release Wednesday of a long-awaited new revenue recognition standard had financial statement preparers settling in to read hundreds of pages of text, as standard-setters celebrated the achievement of producing that text. Members of the US Financial Accounting Standards ...
A look on FASB’s new standards
April 30th, 2014
In December 2002, five months after he became chairman of the Financial Accounting Standards Board, Robert Herz told a conference of auditors that FASB had set a “very ambitious” deadline for issuing a sweeping new standard that would govern ...
FRC issues temporary filler for insurance accounting
March 24th, 2014
THE FRC has issued new accounting and reporting requirements as a potentially temporary fill for a gap for the insurance industry. Financial Reporting Standard (FRS) 103 will be used by companies that currently use FRS 102 in the UK ...
Lease Accounting Standard Inches Forward
March 20th, 2014
Despite disagreements about how to report leases, standard setters held firm Wednesday on putting all of them on the balance sheet. Rather than going back to the future, the Financial Accounting Standards Board apparently moved closer to the completion ...
Market Regulation
February 4th, 2014
A “regulated market” or “organized market” as defined by Directive 2004/39/EC means the multilateral system managed or operated by a market operator and which brings together or facilitates the bringing together of multiple third-party buying or/and selling interests in ...
