IASB and Financial Crisis
20 views | +0 today
Follow
Your new post is loading...
Your new post is loading...
Rescooped by César Cardoni from IFRS & VAS
Scoop.it!

Moving from GAAP to IFRS | Risk Management

Moving from GAAP to IFRS | Risk Management | IASB and Financial Crisis | Scoop.it
Accounting standards may be changing soon but the transition won't be seamless — or cheap.

Via Rick Yvanovich
César Cardoni's insight:

USA: a progressive move towards IFRS norms: risks and effects on the local economy

more...
No comment yet.
Rescooped by César Cardoni from Basic Accounting Concepts
Scoop.it!

Combining Accounting Standards: GAAP and IFRS ◄Click here

Combining Accounting Standards: GAAP and IFRS ◄Click here | IASB and Financial Crisis | Scoop.it

IFRS, International Financial Reporting Standards, is similar to GAAP but is accepted around the globe between international companies. Originating from London, IFRS is required in over 100 countries and not in the U.S. Since there are an overwhelming amount of similarities between GAAP and IFRS, there has been discussion of bringing the two together and creating one mass set of standards for everyone to follow.


Via Peter John Baskerville
César Cardoni's insight:

What about a mix of GAAP and IFRS norms?

more...
No comment yet.
Scooped by César Cardoni
Scoop.it!

Harmonisation des normes comptables, un avenir encore flou ...

Harmonisation des normes comptables, un avenir encore flou ... | IASB and Financial Crisis | Scoop.it
En revanche, il peut se doter d'outils, progiciels de trésorerie en mode éventuellement SAAS (software as a service), qui présentent l'avantage d'intégrer rapidement les nouveautés réglementaires, beaucoup plus en tous cas ...
César Cardoni's insight:

Articles that deals with the compromising future of the harmonization of accounting norms

more...
No comment yet.
Rescooped by César Cardoni from US Desk Newsletter - Mazars
Scoop.it!

IASB and FASB Proposed Changes to Lease Accounting

FASB and the International Accounting Standards Board (IASB) issued a proposed, revised financial reporting standard for leases that represents an important step forward in a challenging convergence project.

Via Mazars Group
César Cardoni's insight:

Convergence steps between the IASB and the FASB

more...
Mazars Group's curator insight, June 4, 2013 11:40 AM

On May 16, 2013, the IASB and the FASB published for
public comment a revised Exposure Draft (ED) outlining
proposed changes to the accounting for leases. The
proposal aims to improve the quality and comparability of
financial reporting by providing greater transparency
about leverage, the assets an organization uses in its
operations and the risks to which it is exposed from
entering into leasing transactions. Stakeholders are
encouraged to review and provide feedback on the
revised ED by September 13, 2013. Further information,
including the revised Exposure Draft, is available on the
IASB website at www.ifrs.org and the FASB website at
www.fasb.org.

Rescooped by César Cardoni from US Desk Newsletter - Mazars
Scoop.it!

IASB defends role of IFRS - economia

IASB defends role of IFRS - economia | IASB and Financial Crisis | Scoop.it
IASB defends role of IFRS economia Hoogervorst, who was giving the key note speech at the inaugural ICAEW and IFRS Foundation Financial Institutions IFRS conference, this morning,also defended fair value accounting, pointing out that where it...

Via Mazars Group
César Cardoni's insight:

IASB point of view regarding IFRS norms

more...
No comment yet.
Rescooped by César Cardoni from Econopoli
Scoop.it!

Projet » Ne laissons pas les comptables régler leurs comptes entre eux

Projet » Ne laissons pas les comptables régler leurs comptes entre eux | IASB and Financial Crisis | Scoop.it

"Qui édicte les normes qui régissent les comptes des entreprises ? L’International Accounting Standards Board (IASB), une fondation d’experts inconnue de la majorité d’entre nous. Soustraite au débat public pour cause de technicité, la question de l’élaboration des normes est pourtant éminemment politique..."


Via Uston News
César Cardoni's insight:

Who has the control and over what?

more...
No comment yet.
Rescooped by César Cardoni from IFRS & VAS
Scoop.it!

The transition from GAAP to IFRS

The transition from GAAP to IFRS | IASB and Financial Crisis | Scoop.it
Building business efficiencies and greater competitiveness for North American companies.

Via Rick Yvanovich
César Cardoni's insight:

Understanding the transition process from GAAP to IFRS: accouting standardization purpose

more...
No comment yet.
Rescooped by César Cardoni from normes comptables ifrs
Scoop.it!

Normes comptables : l'Europe veut renforcer son rôle - Les Échos (Communiqué de presse)

Normes comptables : l'Europe veut renforcer son rôle
Les Échos (Communiqué de presse)
Aujourd'hui, les normes IFRS, qui s'appliquent aux comptes consolidés des sociétés cotées en Europe depuis 2005, sont édictées par l'IASB (un organisme privé).

Via Bruno Bachy
César Cardoni's insight:

Role of the EU in the development of IFRS norms

more...
No comment yet.
Rescooped by César Cardoni from normes comptables ifrs
Scoop.it!

Le Parlement contestera les normes comptables internationales - EurActiv

Le Parlement contestera les normes comptables internationales - EurActiv | IASB and Financial Crisis | Scoop.it
Le Parlement contestera les normes comptables internationales EurActiv Ils estiment que le Conseil des normes comptables internationales (IASB), un organisme mondial responsable de la rédaction des IFRS, est trop influencé par la profession de...

Via Bruno Bachy
César Cardoni's insight:

Link between the US and the EU regarding the accounting profession in order to modernize the relations between both countries

more...
Bruno Bachy's curator insight, May 23, 2013 12:53 PM

Intéressant, l'heure est manifestement à la contestation des IFRS.

Scooped by César Cardoni
Scoop.it!

IASB Introduces New Hedge Accounting Model - Accounting Today

IASB Introduces New Hedge Accounting Model - Accounting Today | IASB and Financial Crisis | Scoop.it
IASB Introduces New Hedge Accounting Model Accounting Today The International Accounting Standards Board has introduced a new hedge accounting model as a major step forward in the financial instruments project on which it has been collaborating...
César Cardoni's insight:

IASB and FASB collaboration

more...
No comment yet.
Rescooped by César Cardoni from La banque de demain
Scoop.it!

La Fair Value continue d’être mise en question par les investisseurs européens

La Fair Value continue d’être mise en question par les investisseurs européens | IASB and Financial Crisis | Scoop.it

Dans un contexte de perte de confiance, réfléchir et préparer la communication financière de demain est un immense challenge. Alors que l’IASB s’apprête à publier un agenda sur le sujet, PwC dévoile une étude relayant les attentes des investisseurs européens en la matière. Cette enquête menée en partenariat avec le collège Investisseurs de Paris EUROPLACE, auprès de trente investisseurs au Royaume-Uni, en France, en Allemagne, en Espagne, aux Pays-Bas et en Italie revient notamment sur l’utilisation de la fair value et souligne la défiance des investisseurs européens à son égard. Elle évoque également l’agenda de l’IASB, la convergence des référentiels comptables, le contenu des états-financiers et la comptabilisation des partenariats.

 

Publié par PwC France


Via Antoine Petrot
César Cardoni's insight:

The fair value was strongly criticized during the 2008 financial crisis, and was one of the causes of it (bad communication regarding financial information).

more...
No comment yet.
Rescooped by César Cardoni from Basic Accounting Concepts
Scoop.it!

Accounting standards - GAAP Vs IFRS

Accounting standards - GAAP Vs IFRS | IASB and Financial Crisis | Scoop.it

The benefits of having a global set of global accounting standards would be astronomical. Having one set of standards would give users of financial statements a better ability to evaluate an entity's financial standing; also, it would help investors and creditors make intelligent decisions. With the U.S. under pressure to comply with IFRS, the IASB and FASB have made major strides in converging standards. But by not immediately giving into pressure to adopt IFRS, the U.S. has also given the IASB incentive to provide stronger and improved standards. In the case of offsetting derivatives, a solution was not met in the form of a new standard, but both the FASB and IASB agreed on new disclosure requirements which will help give a better picture of an entity's financial standing.


Via Peter John Baskerville
César Cardoni's insight:

Understanding the main differences between both kind of accounting principles

more...