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IFRS Conceptual Framework Improvements

One of the primary topics of discussion among the accounting profession today continues to be around the topic of International Financial Reporting Standards
IFRS
Lauren Rodgers | 8.12.2013

FASB/IASB Meeting Talks Revenue Recognition

Whether a corporation is foreign or domestic, they all have one thing in common: revenue and proper recognition of that revenue. Revenue recognition was
IFRS
Jenna Zelenski | 8.7.2013

Update on the Comprehensive Review of the IFRS for SMEs

Small and medium-sized entities (SMEs) account for more than 95% of all companies around the world according to the International Financial Reporting Standards
IFRS
Jenna Zelenski | 8.5.2013

FASB and IASB Announce Formation of Joint Transition Resource Group for Revenue Recognition

On July 26, 2013, the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) announced that they will be creating

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Tracking the Implementation of International Standards

The IFRS Foundation is undertaking an initiative to document and track how the various countries adopting International Financial Reporting Standards (IFRS)
IFRS
Jason Pierce | 6.14.2013

Gift Card Programs: Impact of Proposed Revenue Recognition Standards

Does your company offer a gift card program for consumers? If so, upcoming changes to revenue recognition standards will have an impact on your accounting
Audit, IFRS
Todd Lucas | 4.18.2013

By the Narrowest of Margins, the Lease Standard to Be Re-exposed

At the Financial Accounting Standards Board (FASB) meeting on April 10, 2013, members voted 4-3, to re-expose the lease accounting standard. FASB Chairman
IFRS
Brittany Becker | 4.3.2013

2013 FASB/ISAB Joint Projects on the Horizon

Since 2002’s Norwalk Agreement, convergence between the standards set by the Financial Accounting Standards Board (U.S. GAAP) and the standards set

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IFRS
Matthew Lynch | 3.20.2013

Everyone Agrees: Financial Statement Disclosures Causing Problems

As anyone familiar with financial statements can attest, the disclosure requirements for financial statements get more and more complex every year. The
IFRS
Ryan Deatrick | 12.5.2012

FASB/IASB Revenue Recognition Update

The FASB and the IASB have been formally working on a revenue recognition project since September of 2002. This joint effort culminated in an exposure

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