IFRS update - Week 27 t/m 30
29 juli 2010 - De laatste ontwikkelingen rond International Financial Reporting Standards (IFRS) in een handig overzicht elke donderdag op Accountant.nl.
IFRS in de EU - Verordeningen
Convergentie IFRS-US GAAP
GAAP and IFRS: Six Degrees of Separation
A number of technical issues must be resolved before U.S. accounting rules can be converged with international standards, says one expert.
(Bron: CFO.com)
Major Accounting Changes: When Will They Hit?
Standard-setters recently reshuffled their priority list for accounting convergence. Here's the new schedule.
(Bron: CFO.com)
PwC urges IASB to further slow convergence timetable
PwC has urged the International Accounting Standards Board to slow it's "aggressive" convergence timeline. The Big Four auditor has weighed into the accounting debate with a call for restraint as the IASB and its US counterpart, the Financial Accounting Standards Board, move towards a June 2011 deadline to converge the bulk of US and International accounting rules.
(Bron: AccountancyAge)
Conceptual framework
IASB and US FASB seek views on two consultative documents on the conceptual framework
The International Accounting Standards Board (IASB) and US Financial Accounting Standards Board (FASB) today published consultative documents that seek public comment on two of the eight phases of their joint project to develop an improved conceptual framework.
(Bron: IASB)
Gesegmenteerde informatie
The Application of IFRS: Segment reporting - Executive Summary
This publication is based on a review of the latest consolidated financial statements of 81 companies selected randomly from IFRS preparers within the Fortune Global 500. This publication is an executive summary of a larger publication, which includes extracts of the disclosures of the 81 companies, which is expected to be available at the end of August 2010.
(Bron: KPMG)
Financial statement presentation
The IASB and FASB embark on additional outreach activities on their Financial Statement Presentation Project
The IASB and FASB started today their programme of extended outreach to stakeholders on the joint project on financial statement presentation by posting a staff draft of proposed standards on their respective websites. The draft reflects the cumulative tentative decisions made by the boards concluding with their joint meeting in April 2010.
(Bron: IASB)
KPMG
The KPMG International Financial Reporting Group launches the Global IFRS Institute
KPMG's Global IFRS Institute provides you with a suite of resources to help you keep up to date and to gain greater insights into IFRS. The site includes content for existing users of IFRS and those converting to IFRS.
(Bron: KPMG)
Enforcement
Eight Extract from EECS's Database of Enforcement Decisions
(Bron: CESR)
Naamswijziging
IASC Foundation to become IFRS Foundation on 1 July 2010
On 1 July 2010 the IASC Foundation will formally change its name to the IFRS Foundation. The change represents the next step in a process to simplify the names in use across the organisation announced following the conclusion of the Constitutional Review in 2010.
(Bron: IASB)
IFRS SME
Webcasts on IFRS for SMEs available online
The World Bank has published on their website a two-part webcast presentation by IASB member Paul Pacter entitled 'An Overview of the IFRS for SMEs'.
(Bron: IASB)
Guide
Executive guide to IFRS - Topic summaries 2010
'Executive guide to IFRS' is a compendium of PricewaterhouseCoopers' topic summaries, which include key information on each of the major accounting topic areas.
(Bron: PricewaterhouseCoopers)
Leasing
KPMG: Nieuwe accountingregels gaan leasemarkt ingrijpend veranderen
Het huidige onderscheid tussen de operational lease en de financial lease gaat verdwijnen. Leasemaatschappijen zullen naar verwachting veel meer informatie aan hun klanten moeten leveren.
(Bron: KPMG)
Fair value
Without Hoopla, Fair-Value Rule Is Readied
Among the ripple effects of the global credit crisis is the rewrite of the controversial fair-value accounting rule once known as FAS 157. The revised standard could be in place by the end of the year.
(Bron: CFO.com)
FASB in midst of "religious war" on fair value
A member of the US accounting standard setter has likened attempts to bring in fair value to a "religious war" in a speech with regulators this week.
(Bron: AccountancyAge)
Fair value measurement comprehensive project summary published
A comprehensive project summary, prepared by the International Accounting Standards Board (IASB) staff, has been published on the fair value measurement project page. The project summary provides the background to the IASB's fair value measurement project and explains how the IASB plans to finalise an IFRS on fair value measurement.
(Bron: IASB)
User questionnaire - exposure draft on measurement uncertainty analysis
On 28 July 2010 the International Accounting Standards Board (IASB) published a questionnaire for financial statement users on its June 2010 exposure draft Measurement Uncertainty Analysis Disclosure for Fair Value Measurements.
(Bron: IASB)
U.S. Banks Recruit Investors to Kill FASB Fair-Value Proposal
Banking lobbyists have launched an e- mail and Web campaign to mobilize investors against a proposed expansion of fair-value accounting rules that may force banks such as Citigroup Inc. and Wells Fargo & Co. to write down billions of dollars of assets.
(Bron: Bloomberg)
Banken
Bank Profits Depend on Debt-Writedown 'Abomination'
Bank of America Corp. and Wall Street firms that notched perfect trading records in the first quarter are now depending on an accounting benefit last used in the depths of the credit crisis to prop up their results.
(Bron: Bloomberg)
Banks voice fears at IASB proposals
Banks have been quick to condemn the new accounting proposals for loans, which they argue are impractical, costly and misguided.
(Bron: AccountancyAge)
CEBS today publishes two follow-up reports presenting the findings of its assessment of banks' disclosures
The Committee of European Banking Supervisors (CEBS) today publishes two follow-up reports setting out the outcome of its efforts in assessing banks' disclosures published, one, in their 2009 audited annual reports and, two, in their 2009 Pillar 3 reports.
(Bron: CEBS)
US GAAP
New Leader to Review Post-Implementation of FASB, GASB Standards
The Financial Accounting Foundation, the parent organization of FASB and GASB, has named Mark Schroeder, a recently retired senior partner at Deloitte & Touche LLP, to the newly created position of post-implementation review leader.
(Bron: Journal of Accountancy)
FASB Requires Expanded Disclosures on Credit Quality of Financing Receivables
FASB issued Accounting Standards Update (ASU) no. 2010-20, Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses, which FASB said in a press release will improve transparency in financial reporting by public and nonpublic companies that hold financing receivables, which include loans, lease receivables and other long-term receivables.
(Bron: Journal of Accountancy)
UK GAAP
Replacement of UK GAAP must pass Government's cost benefit test, ASB warns
The UK accounting board's plans to replace the existing accounting code withinternational standards will still have to pass the government's cost-benefittest, the head of the body warned yesterday.
(Bron: AccountancyAge)
Nieuwsbrieven
EFRAG
Ernst & Young
KPMG
PwC
Commentaren
EFRAG
CESR
FEE
RJ
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