US and Europe move closer
Article Abstract:
The International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board are finally trying to resolve their differences in 2005 at a time when their convergence project has come under renewed scrutiny. Most of the European companies are complaining that the ISAB is moving too quickly and too willingly towards the US standard, while they are struggling with the first year of IFRS adoption.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2005
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What to look forward to in 2006?
Article Abstract:
Joint projects with the US Financial Accounting Standards Board (FASB) are expected to yield important discussion papers on performance reporting and revenue recognition, during 2006. These are likely to require significant attention to ensure that the resulting International Financial Reporting Standards (IFRS) properly facilitate communication with the capital markets of financial performance.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2006
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FRED 30(third supplement): Further amendments to the proposed standards of financial instruments
Article Abstract:
In June 2002 the Accounting Standards Board (the ASB) issued FRED 30 'Financial Instruments: Disclosure and Presentation & Recognition and Measurement'. In August 2003 and April 2004 it issued two supplements to that FRED, which are described in detail.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2004
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