International Accounting Standards Board

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Type: Organization
Name: International Accounting Standards Board
First reported 22 hours ago - Updated 57 mins ago - 1 reports

MakeMyTrip Provides Revenue Guidance Below Estimates

(in thousands except EPS) 3 months 3 months YoY YoY Year Ended Year Ended YoY YoY Ended Ended Change Change in March 31, March 31, Change Change in March 31, March 31, constant 2012 2013 constant 2012 2013 currency currency Financial Summary as per IFRS ... [Published Earnings Whispers - 22 hours ago]
First reported 1 hour ago - Updated 1 hour ago - 1 reports

Accounting rules could lead to artificial lease structures

BRINGING LEASES onto company balance sheets will be complicated, costly to implement and may lead to artificial structuring of lease agreements, critics of a proposed overhaul of lease accounting rules have warned.International and US accounting rulemakers ... [Published Accountancy Age - 1 hour ago]
First reported 4 hours ago - Updated 4 hours ago - 1 reports

Mixed results in FAF review of FASB business combinations standard

A Financial Accounting Foundation (FAF) team gave FASB’s standard on business combinations a mixed review, according to information provided by FAF on Wednesday.The FAF post-implementation review team performed an in-depth analysis of FASB Statement No. ... [Published Journal of Accountancy - 4 hours ago]
First reported 6 hours ago - Updated 6 hours ago - 1 reports

Reporting Leases, China Bonds, Consumer Bureau: Compliance

Accounting changes that would require companies to report more of their leases as assets and liabilities may encourage businesses to structure shorter-term rental agreements that could hamper the ability of lessors to predict cash flows, according to ... [Published BusinessWeek - 6 hours ago]
First reported 16 hours ago - Updated 16 hours ago - 1 reports

Lease-Accounting Rules: Tinker, Don't Trash

by FASB and IASB address a limited set of weaknesses in the existing rules that merely need some tightening, not a complete overhaul. The current is off base, because for most lease transactions, the existing rules work well.The Financial Accounting Standards ... [Published CFO.com - 16 hours ago]
First reported May 22 2013 - Updated May 22 2013 - 1 reports

Regulatory snapshot

AccountingThe International Accounting Standards Board and the Financial Accounting Standards Board are planning to make substantive changes to lease accounting, claiming a need for greater transparency over leverage, asset usage and risks associated ... [Published The Corporate Treasurer - May 22 2013]
First reported May 21 2013 - Updated May 22 2013 - 2 reports

Lease Accounting Webinar

$ Bloomberg BNA will hold a June 27 webinar, “Changes In Lease Accounting: Analysis and Implications for Your Business.”On May 16, 2013, the Financial Accounting Standards Board and the International Accounting Standards Board released a long-awaited ... [Published Bureau of National Affairs - May 22 2013]
First reported May 21 2013 - Updated May 21 2013 - 1 reports

2013-05-13 First-time IFRS annual financial statements, Investment funds - An illustration

This publication demonstrates the application of the more common IFRS requirements for first-time annual IFRS financial statements for Canadian investment funds. The financial statements are those for a hypothetical Canadian open-ended mutual fund trust ... [Published PriceWaterhouseCoopers Canada - May 21 2013]
First reported May 21 2013 - Updated May 21 2013 - 1 reports

New Accounting May Prompt Shift to Short-Term Leases, Fitch Says

Accounting changes that would require companies to report more of their leases as assets and liabilities may encourage businesses to structure shorter-term rental agreements that could hamper the ability of lessors to predict cash flows, according to ... [Published BusinessWeek - May 21 2013]
First reported May 21 2013 - Updated May 21 2013 - 1 reports

Lease said the better about accountancy changes

According to accountants, leases "represent valuable rights and obligations that belong on the balance sheet". Photo: Tanya LakeInvestors would get a clearer picture of a company's health under planned changes to accountancy standards that would force ... [Published WA Today - May 21 2013]
First reported May 21 2013 - Updated May 21 2013 - 1 reports

RPT-Fitch: Accounting rules may encourage short-term leases

(Repeat for Additional Subscribers) May 21 (Reuters) - (The following statement was released by the rating agency)The latest lease-accounting proposals from international and US standard-setters, designed to aid transparency and consistency, may encourage ... [Published Reuters - May 21 2013]
First reported May 21 2013 - Updated May 21 2013 - 1 reports

IASB issues IAS 37 guidance on accounting for government levies

The International Accounting Standards Board (IASB) has issued an interpretation on how an entity should account for liabilities to pay levies imposed by governments, other than income taxes, in its financial statements.IFRIC Interpretation 21: Levies ... [Published Accountancy Live - May 21 2013]

Quotes

...2 For explanation of items of note, see the "Non-GAAP Financial Measures - Reconciliation of Adjusted to Reported Net Income" table in the "How We Performed" section of this document
"Fourth quarter operating results were solid," said Anthony Caputo, Chief Executive Officer. "We achieved strong Order Bookings and ended the quarter with record Order Backlog. We are focused on our value creation strategy to grow, expand and scale. We have a strong operating foundation, a clear strategy for growth and the financial flexibility to support our plans. "
...but as an auditor I have a number of problems," says Andy Simmonds partner at Deloitte and chairman of the ICAEW financial Reporting Faculty. "There are going to be more dividing lines, which gives scope to play games. There is an issue over whether a lease is a lease or not and you could see lease periods being made artificially short."

More Content

All (387) | News (334) | Reports (4) | Blogs (12) | Audio/Video (0) | Fact Sheets (2) | Press Releases (34)
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TD Bank Group Reports Second Quarter 2013 Results [Published FinanzNachrichten.de - 15 mins ago]
ATS Reports Annual and Fourth Quarter Fiscal 20... [Published StockHouse USA - 40 mins ago]
Accounting rules could lead to artificial lease... [Published Accountancy Age - 1 hour ago]
INVESTEC PROPERTY FUND LIMITED - Reviewed preli... [Published Sharenet - 3 hours ago]
Half Yearly Report [Published TrustNet - 3 hours ago]
Mixed results in FAF review of FASB business co... [Published Journal of Accountancy - 4 hours ago]
REG-Max Property Group plc : Final Results [Published Reuters - 4 hours ago]
Seek valuable advice [Published Private Sector Qatar - 4 hours ago]
Reporting Leases, China Bonds, Consumer Bureau:... [Published BusinessWeek - 6 hours ago]
FASB Standard on Business Combinations Gets Mix... [Published WebCPA - 13 hours ago]
FAF Completes Post-Implementation Review of FAS... [Published Business Wire - 15 hours ago]
Lease-Accounting Rules: Tinker, Don't Trash [Published CFO.com - 16 hours ago]
MakeMyTrip Provides Revenue Guidance Below Esti... [Published Earnings Whispers - 22 hours ago]
Jackson(R) Chairs Second Annual RetailALTS Advi... [Published Individual.com - 22 hours ago]
MakeMyTrip Limited Announces Fiscal 2013 Fourth... [Published Stockwatch - 22 hours ago]
Sears Canada Reports First Quarter Results [Published Fox Toledo - 23 hours ago]
Final Results [Published TrustNet - May 22 2013]
Regulatory snapshot [Published The Corporate Treasurer - May 22 2013]
Lease Accounting Webinar [Published Bureau of National Affairs - May 22 2013]
2013-05-13 First-time IFRS annual financial sta... [Published PriceWaterhouseCoopers Canada - May 21 2013]
New Accounting May Prompt Shift to Short-Term L... [Published BusinessWeek - May 21 2013]
Lease said the better about accountancy changes [Published WA Today - May 21 2013]
The Shadow Banking Market: The Shadow Knows [Published JD Supra - May 21 2013]
RPT-Fitch: Accounting rules may encourage short... [Published Reuters - May 21 2013]
IASB issues IAS 37 guidance on accounting for g... [Published Accountancy Live - May 21 2013]
Unaudited Preliminary Results [Published TrustNet - May 21 2013]
Leases Webinar [Published Deloitte Consulting - May 21 2013]
IASB issues latest Interpretation - IFRIC 21 Le... [Published BDO International - May 21 2013]
FASB Releases New Exposure Draft on Lease Accou... [Published NACU Business Officers - May 20 2013]
IASB issues IFRIC Interpretation 21: Levies [Published IFRS Foundation - May 20 2013]
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Blogs

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Convergence man [Published Schumpeter - The Economist - Apr 24 2013]
RUSSELL GOLDEN will become perhaps the world's most important accountant on July 1st. As the incoming chairman of the 7-person Financial Accounting Standards Board (FASB), he will lead rulemaking for America's beancounters. Mr Golden succeeds Leslie ...
G-20 Releases Statement On Japanese Devaluation... [Published Zero Hedge - Apr 19 2013]
Two days in Washington D.C. kept caterers busy but produced a 2,126 word communique long on slogans and short on anything actionable. The G-20 statement (below) can be boiled down simply, as we tweeted,G-20 statement: "if we all lie, same as nobody l ...
G-20 Releases Statement On Japanese Devaluation... [Published Zero Hedge - Apr 19 2013]
Two days in Washington D.C. kept caterers busy but produced a 2,126 word communique long on slogans and short on anything actionable. The G-20 statement (below) can be boiled down simply, as we tweeted, G-20 statement: "if we all lie, same as nobody ...
Europe’s accounting rules are destroying its banks [Published The Cobden Centre - Mar 21 2013]
Late last year, a group of institutional investors sent a letter to officials in Brussels, warning that European Union accounting standards are “destabilizing banks” and “damaging national economies.” Accountancy may rhyme with geeky, but the investors ...
Mark-To-Market Manipulation Hides $90 Billion L... [Published Zero Hedge - Mar 12 2013]
Some have attributed the resurrection of the financial markets (or more appropriately the banks) from the March 2009 lows to the IASB/FASB changes to factual to fantasy accounting. The Telegraph reports today that from PIRC's and the Bank of England's ...
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Press Releases

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FAF Completes Post-Implementation Review of FAS... [Published Business Wire - 15 hours ago]
Equipment Leasing and Finance Association State... [Published EON Business - May 16 2013]
Equipment Leasing and Finance Association State... [Published Business Wire - May 16 2013]
Equipment Leasing and Finance Association State... [Published Business Wire Professional Services News - May 16 2013]
Equipment Leasing and Finance Association State... [Published Business Wire Manufacturing News - May 16 2013]
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