PYMNTS

OCTOBER 1, 2019

More high-profile corporate collapses in the U.K. have led the Financial Reporting Council (FRC) to enact more stringent accounting standards, The Guardian reported on Monday (Sept. According to reports, the FRC issued an updated going concern standard, adding “significantly stronger requirements” for U.K.

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accounting standards auditor Account accountant 51

PYMNTS

SEPTEMBER 26, 2019

The Securities and Exchange Board of India will reportedly give non-bank financial companies (NBFCs) two years to adopt and implement changes to accounting standards, the Financial Express reported Wednesday (Sept. Individual Shareholders Society, said in an interview with The Wall Street Journal earlier this year.

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accounting standards Account accountant accounted 43

PYMNTS

MARCH 6, 2019

Corporate accounting standards are changing, with the Financial Accounting Standards Board adopting new standards in ways companies report on leases, hedging and other financial activity. ’s 9,000 publicly listed companies spiked in 2018 after consistent declines since 2006. In the U.K.,

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Finance accounting standards accounting principles accounting and finance 55

PYMNTS

JANUARY 2, 2020

Several high-profile corporate collapses and initiatives from corporate accounting standard-setters have raised questions about businesses’ use of supply chain finance and whether the trade finance tool prevents investors and auditors from gaining a transparent view into company finances.

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auditor accounting and finance audit Finance 52

PYMNTS

MAY 3, 2019

The publication reported Thursday (May 2) that the International Financial Reporting Standards will apply to organizations across 140 countries, shifting the way businesses account for their leases in financial statements. “Investors could then ask, ‘What are you doing with all this free cash?'”

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Account accountant accounted international accounting standards 49

PYMNTS

OCTOBER 11, 2018

Corporates are gearing up to manage a whole slew of accounting standards changes in the coming years, but one of the more immediate effects involves how leases are recorded on financial statements. According to reports, public companies currently hold an estimated $3.3 trillion in leases.

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Account accountant accounted financial statements 49

PYMNTS

JULY 6, 2018

“The number of companies that quantified the impact of coming new requirements for reporting revenue and financial instruments was disappointing,” said ASIC Commissioner John Price. Further, the ASIC said this may “indicate a lack of preparedness for reporting under the new standards.”.

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