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Pulling Back The Curtain On Corporate Finance Reports

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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. ” Meanwhile, previous research from Audit Analytics has also revealed that the number of accounting errors among the U.S.’s

Finance 55
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Corporate Investors Irked By Lease Accounting Changes

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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.

Account 49
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India Gives NBFCs Two Years To Adopt New Accounting Standards

PYMNTS

The standards changes will impact financial figures, presentation and disclosure, as well as various financial ratios including NPA and current ratios. A similar disruption is happening in the global market with changes in the International Financial Reporting Standards, which will affect businesses across 140 countries.