Lease Accounting standard is finally released; FASB

The FASB issued its long-awaited lease accounting standard, one of the major convergence projects on which it has collaborated for a decade with the IASB. The accounting standards update aims to improve financial reporting about leasing transactions and will affect all companies and other organisations that lease assets, in many cases putting their operating leases on the balance sheet for the first time. While the standard [...]

2016-07-23T13:30:38+00:00 March 4th, 2016|Categories: Accounting|Tags: , , , |0 Comments

IASB proposes narrow amendments to pension accounting standards

The International Accounting Standards Board on Thursday proposed narrow-scope amendments to pension accounting standards – a move designed to provide better information to investors and reduce diversity in practice. The proposed changes are included in an exposure draft, Remeasurement on a Plan Amendment, Curtailment or Settlement/Availability of a Refund from a Defined Benefit Plan. When a defined benefit plan is amended, curtailed, or settled during a [...]

2016-07-26T02:27:24+00:00 July 13th, 2015|Categories: Accounting|Tags: |0 Comments