IASB

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Islamic finance body AAOIFI to revise four standards, eyes sukuk

20/11/2014(1)
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will revise four of its standards in the first half of next year while expanding its guidance for ... Read More
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IASB adopts new simplified standard over lease accounting

11/08/2014(0)
The IASB has changed its position regarding lease accounting for the chances of convergence between US and global standards. The global standard setter has issued a document citing that ... Read More
ifrs

New accounting standard rule against banks’ losses from loans

11/08/2014(0)
A new international accounting standard, IFRS 9, will set as requirement that banks should set aside more money in order to protect against losses from customers who can’t repay ... Read More
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IFRS 9 Financial Instruments issued by IASB

24/07/2014(0)
The International Accounting Standards Board (IASB) issued today IFRS 9 Financial Instruments to complete the final element of its comprehensive response to the financial crisis. The new model removes ... Read More
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Can investors win in a new era of accounting?

04/07/2014(0)
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 ... Read More
revenue

New revenue guidance: Six things to consider

30/05/2014(0)
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 ... Read More
ifrs

IASB amends IAS 16 Property and IAS 38 Intangible Assets

14/05/2014(0)
The International Accounting Standards Board (IASB), has published amendments to IAS 16 Property, Plant and Equipment and IAS 38 Intangible Assets. IAS 16 and IAS 38 both establish the principle ... Read More
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IASB agrees standard-setting charter of co-operation

12/05/2014(0)
The IASB has published an updated charter establishing key principles of co-operation between the IASB, national standard-setters and other accounting standard-setting bodies, represented by the International Forum of Accounting ... Read More
accounting

IASB agrees charter of mutual co-operation with accounting standard-setting community

08/05/2014(0)
The International Accounting Standards Board (IASB) today published an updated Charter establishing key principles of co-operation between the IASB and national standard-setters and other accounting standard-setting bodies, represented by ... Read More
performance accounting

IASB starts ‘long journey’ to overhaul macro hedging

22/04/2014(0)
THE WAY banks account for financial risk is to fundamentally change as part on an overhaul to macro hedge accounting proposed by the IASB. Banks generally manage interest rate ... Read More
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