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IASB Releases Guidance on Application of IFRS 9 During Time of Uncertainty Due to COVID-19 Pandemic

MarkFriedlich

The International Accounting Standards Board (IASB) has released the document, IFRS 9 and COVID-19—Accounting for Expected Credit Losses Applying IFRS 9 Financial Instruments in the Light of Current Uncertainty Resulting from the COVID-19 Pandemic.

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Bridging the Accounting Talent Gap: Why Looking Abroad Makes Business Sense

Accounting Insight

The accounting industry is facing a familiar, pressing issue: not enough hands on deck. Whether its dwindling enrollment in accounting courses, increasing retirements, or the fast pace of technological change, firms everywhere are struggling to find the right talent at the right time. Register for your free ticket here.

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IASB proposes to tweak requirements for provisions

Accounting Today

The International Accounting Standards Board wants feedback on targeted improvements it's proposing to make to improve the requirements for recognizing and measuring provisions on corporate balance sheets.

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SEC Issues SAB 122, Officially Rescinding SAB 121

Withum

Securities and Exchange Commission (SEC) issued Staff Accounting Bulletin (SAB) 122 officially rescinding SAB 121. The purpose, per the SEC, was to provide guidance on the accounting for obligations to safeguard crypto-assets that an entity holds for its platform users. On January 23, 2025, the U.S.

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IASB proposes amendments on applying equity method

Accounting Today

The International Accounting Standards Board has begun a public consultation on proposed amendments to IFRS to account for investments in associates and joint ventures.

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Monday Morning Accounting News Brief: The Age of the Non-CPA; PwC Explains the Chevron Thing | 7.29.24

Going Concern

India Today explains why US firms love hiring accountants in India : Consequently, American firms are increasingly turning to other countries to fill the gap, particularly eyeing India for its highly skilled accounting professionals. … In essence, the US accounting crisis presents a unique opportunity for Indian accountants.

CPA 116
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What is Managerial Accounting and How Does it Differ from Financial Accounting?

Snyder

When starting a business, all the paperwork and accounting may seem daunting. No matter how large or small your business is, managerial accounting will help you gain profit. This type of accounting aims mainly at forecasting and long-term business decisions and is used to ensure your company’s financial health. Contents: 1.