How to explain a cost ahead of its time
Article Abstract:
The Institute of Chartered Accountants of Scotland (ICAS) has recently published a booklet dealing with accounting for research and development costs. This issue is becoming increasingly significant as companies become more globalized and must deal with a number of different approaches to accounting. A report from an ICAS working party calls for an future accounting standard for research and development costs to focus on innovation, rather than just research and development.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Tweedie fires off a warning shot across company bows
Article Abstract:
The Accounting Standards Board (ASB) produced two documents 'The Foreword to Accounting Standards' and 'Draft Foreword to Urgent Issues Task Force Abstracts' which contain legal statements relating to recent changes in the law and the 1985 Companies Act. The ASB attacks creative accounting used by some companies during acquisitions and mergers to dissuade companies from taking them to court. The ASB has been funded by the financial community and the government since 1990.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
Making books less binding
Article Abstract:
The International Accounting Standards Committee (IASC) has generally not been taken very seriously by accountants, but it is now working hard to show that it has an important role in modern business. Indeed, the IASC may play a very significant part in financial services as business becomes increasingly globalised and companies need to produce financial statements which can be understood anywhere in the world.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Around the world with an ambassador of ideas. Hiding in the woods, not daring to speak. A quiet streak of subversion
- Abstracts: Italy struggles to climb out of debt trap. Labour gambles on taxation
- Abstracts: He's a legend in his own lunchtime. The fascinating life of the biographer. In bed with A N Wilson
- Abstracts: Not so much an actress, more a way of life. A wonderful indulgence. Passions of an ingenue who never grows old
- Abstracts: From nought to 40 in 11 years. It's the bin end of the week and Steely Dan are acting oddly. They're dying for a chinwag