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Human Capital & Careers
Salary Transparency’s Impact On the Future of Labor
With salary ranges being required in more areas, how can executives use these new laws to better their hiring practices?
By
Adam Zaki
| February 3, 2023
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IASB
Profit & Loss
IASB Proposes Changes to Reporting of Profit and Income
The proposals represent "a game changer in the comparability and usefulness of financial statements," said IASB Chair Hans Hoogervorst.
By
Vincent Ryan
| December 17, 2019
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Revenue Recognition
Companies Urged to Stay Abreast of Accounting Proposals
Not paying close attention to proposed accounting standards and not commenting when there are concerns can have important consequences, experts say.
By
David McCann
| May 13, 2019
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Risk & Compliance
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.
By
David McCann
| May 9, 2019
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Sustainability
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.
By
David McCann
| April 3, 2019
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Revenue Recognition
Rev Rec Rule Transforms Accounting: FASB’s Siegel
The revenue recognition standard will turn a diverse set of industry standards into “one framework about how to think about revenue.”
By
David Katz
| November 15, 2017
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Global Business
Companies Get Help with Materiality Definition
The International Accounting Standards Board responds to companies’ call for help with materiality in financial statements.
By
David Katz
| September 19, 2017
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Lease Accounting
New Lease Accounting Rules Pose Challenges, Study Says
The standards take effect in a mere six quarters for public companies, but many have not yet begun, or only recently began, to assess what must be done.
By
William Sprouse
| June 28, 2017
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Revenue Recognition
In Accounting Swan Song, SEC’s White Urges Convergence
Outgoing SEC Commissioner Mary Jo White encourages FASB and IASB to continue collaboration.
By
David Katz
| January 6, 2017
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Strategy
Start Preparing Now for New Lease Accounting Rules
They don't take effect until 2019, but few leases will be grandfathered, so there will be an immediate bottom-line impact.
By
Sean Moynihan
| December 29, 2016
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Revenue Recognition
Revenue Recognition: The Clock Is Ticking
The new revenue recognition standard has implications that extend far beyond accounting.
By
Eric Knachel
| December 21, 2016
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GAAP and IFRS
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.
By
Matthew Heller
| November 2, 2016
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Credit
FASB Requires Timelier Recording of Credit Losses
The big change is being referred to as the institution of 'Day 1 Loss' reporting, according to board member Hal Schroeder.
By
David Katz
| June 16, 2016
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Revenue Recognition
Firms Slow to Implement New Revenue Standard
Less than 29% of corporate financial preparers polled by KPMG say their companies have a clear plan to make the change in revenue recognition.
By
Matthew Heller
| January 25, 2016
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GAAP and IFRS
New Lease Standards May Demand Two Sets of Books
The just released IASB lease accounting standard and its forthcoming FASB counterpart call for different expense accounting methods.
By
David Katz
| January 13, 2016
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GAAP and IFRS
Companies Should Update Lease Accounting Systems, Experts Advise
FASB’s vote to proceed with its new standard for reporting lease obligations starts the clock ticking.
By
David Katz
| November 12, 2015
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