The Financial Accounting Standards Board decided not to take up a project requested by first-time adopters of new accounting rules in Europe to relieve some reporting or reconciliation requirements.

Kara Stein, a commissioner with the Securities and Exchange Commission, appeared to reject the need for convergence with International Financial Reporting Standards in a speech last week. “I am not ...

Ahead of the 2012 reporting date for listed and significant public entities, Akintola Williams Deloitte has identifies responsibilities and challenges of International Financial Reporting Standards ...

FASB and the IASB today issued investor-focused common disclosure requirements on the effect or potential effect of offsetting arrangements on a company’s financial position. U.S. GAAP and IFRS differ ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance ...

Securities and Exchange Commission chief accountant James Schnurr is rethinking a proposal he made last December that the SEC allow U.S. companies the option of providing some information, such as ...

Life is full of surprises – some good, and some not so good. From an accounting point of view, surprises are generally best avoided. This is not least because they skew insights about commercial ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The FHS St. Gallen, University of Applied Sciences, in close ...

Accounting standard setters are seeking to revive a stalled project to allow recognition of banks' portfolio hedges in financial reporting, but the plan faces an uphill struggle to overcome the ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tough new rules are set to push banks to take a hit on their balance sheets for losses they expect to make in ...