New Lease Standard: Comparing IFRS and U.S. GAAP
For multinationals that must prepare financials under both standards, there are comparability challenges and differing nuances to keep in mind.
Climate Change Reporting: A Catalyst for Change
As the effects of climate change become more prominent, they will become more and more visible in financial statements, says IASB's chair.
How to Implement the New Lease Accounting Standard
With ASC 842 slated to take effect in just a few months, accounting teams need a methodical approach to implementation. Here is a guide.
Companies Get Help with Materiality Definition
The International Accounting Standards Board responds to companies’ call for help with materiality in financial statements.
In Accounting Swan Song, SEC’s White Urges Convergence
Outgoing SEC Commissioner Mary Jo White encourages FASB and IASB to continue collaboration.
IASB Plans Revamp of Financial Term Definitions
“We want to give investors the right handles to look at a balance sheet,” the board's chairman Hans Hoogervorst says.
EC Stands Behind IASB Accounting Rules
Report finds that IFRS helped more than harmed during the 2007-09 banking crisis.
Most Tech CFOs in the Dark About Revenue Rule
Fifty-seven percent of tech company CFOs responding to a BDO survey are still unfamiliar with the new revenue recognition standard.
Chief SEC Accountant Revives IFRS Debate
New to the job, James Schnurr suggests that a U.S. switch to global accounting rules is still not out of the question.
Foreign-Entity Reconciliation Strategies
Aligning accounts and tracking foreign accounting standards can become unruly. Here's how to approach it.
European Banks Face Libor Liabilities
Different accounting rules could mean a quicker, bigger hit on their balance sheets.