SEC Should Push for XBRL Convergence
If overseas companies fail to adopt the computer language, full transparency and accessibility to global financial information would be lost.
When Is an Asset not an Asset?
A new lease accounting proposal by regulators is still getting pummeled by finance executives.
Under New Accounting Standard, CFOs Could Change Hedging Strategies
Will finance chiefs come under more pressure to adopt hedge accounting — even though it remains entirely optional under the new standard?
SEC Report Backs Away from Convergence
The commission's staff expresses hesitation about merging international standards and U.S. GAAP.
Two Ways about It
FASB and the IASB have agreed to allow two approaches to accounting for lease expenses on the balance sheet.
Equipment Leasing Plan Could Make Lessees Losers
Under the standard setters’ new proposal, companies that lease equipment could see their profits shrink in the early years of a contract, experts say.
SEC Staff Pulls Back on Accounting Convergence
A final report by the commission’s staff on adopting global financial reporting standards seems to back away from a melding of international standards and U.S. GAAP.
SMEs Warm to GAAP Alternatives
Alternative accounting methods are becoming more attractive to small and medium-size companies, especially with formal standards on tap.
The Imprecise World of Accounting
Although you need math to make accounting work, you shouldn’t count on mathematically precise outcomes, the chairman of the International Accounting Standards Board contends.
Other Comprehensive Income: The Burden that Won’t Go Away
CFOs and senior executives can still face substantial reporting burdens and added line items when they reclassify OCI.