Accounting Insight

MAY 2, 2025

Offshoring: A Practical, Scalable Solution Offshoringparticularly in regions with strong accounting expertise like Indiaoffers a way forward. Heres why firms are turning to offshore talent Cost-effective scaling : Expand your team without the overheads associated with onshore hiring.

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Accounting Today

JUNE 23, 2025

By Daniel Hood 1h ago Accounting IASB revises practice statement on management commentary The International Accounting Standards Board and its parent, the IFRS Foundation, released guidance on management commentary and climate disclosures. 3h ago Like what you see?

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Accounting Insight

JANUARY 7, 2025

Cloud-based LeaseJava enables audit firms, corporations and non-profit/government entities to manage their leases and ensure compliance with accounting standards such as ASC 842, IFRS 16 and GASB 87.

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Going Concern

OCTOBER 25, 2024

Firms Battle Global Deals Accounting Changes Backed by Investors [ Bloomberg Tax ] Companies oppose being forced to disclose in financial statements how well their business acquisitions have performed, according to responses to a public consultation by global standard-setters.

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Going Concern

JANUARY 21, 2025

The accounting body, in alliance with the Australian Accounting Standards Board (AASB) and Malaysian Accounting Standards Board (MASB), seeks to gather insights on current accounting and financial reporting hurdles faced by professionals.

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MarkFriedlich

MARCH 30, 2020

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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Accounting Today

NOVEMBER 12, 2024

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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Accounting Today

SEPTEMBER 20, 2024

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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Accounting Today

JULY 31, 2024

The International Accounting Standards Board published a consultation document with eight proposed illustrative examples to show how companies could apply International Financial Reporting Standards when reporting the effects of climate-related and other types of uncertainties in their financial statements.

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Accounting Today

MARCH 14, 2024

The International Accounting Standards Board hopes to enhance the information provided by companies to their investors about acquisitions under IFRS.

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Accounting Today

SEPTEMBER 17, 2024

The International Accounting Standards Board has begun a research project to review the requirements for the statement of cash flows and related matters.

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Cherry Bekaert

FEBRUARY 22, 2024

Our Accounting Advisory team regularly interprets and applies U.S. and international accounting standards and SEC reporting requirements to our client’s complex business transactions.

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Accounting Today

APRIL 10, 2024

The International Accounting Standards Board has completed a new standard to give investors more readily comparable information about companies operating profits in one of the biggest changes to International Financial Reporting Standards in decades.

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Going Concern

JULY 22, 2022

Global Rulemakers Say It’s Time to Fix Goodwill Accounting [ Bloomberg Tax ] The International Accounting Standards Board said Thursday that it would decide whether to change the rules covering acquisition accounting at its next meeting.

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CPA Practice

AUGUST 10, 2023

He previously served as a member of the Financial Accounting Standards Board’s Current Expected Credit Losses Transition Resource Group and the International Accounting Standards Board’s International Financial Reporting Standards 9 Impairment Transition Group.

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Accounting Insight

SEPTEMBER 2, 2024

Myth 1: Offshore Audits Compromise Quality Fact: Offshore audits maintain the same high standards as onshore audits. Offshore audit firms typically employ highly qualified professionals who are well-versed in both international accounting standards and local regulations.

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inDinero Tax Tips

FEBRUARY 22, 2023

However, you should make an exception for “Accounting Standards Codification Topic 606: Revenue from Contracts with Customer” often referred to as ‘ASC 606’ or ‘FASB ASC 606’ What Is ASC 606? The new standard significantly changes how companies recognize and report their revenue.

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SkagitCountyTaxServices

JUNE 8, 2022

Today, FASB is part of a structure that also contains the Financial Accounting Foundation, the Financial Accounting Standards Advisory Council, the Governmental Accounting Standards Advisory Council and the Governmental Accounting Standards Board (that last sets rules for state and local governments).

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Withum

JUNE 14, 2023

ESG Disclosure Standards To navigate the evolving landscape of ESG reporting standards, companies must proactively integrate the forthcoming disclosure requirements into their reporting processes. International accounting standards will require sustainability disclosure alongside finance statements.

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Going Concern

JULY 29, 2024

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.

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PYMNTS

MAY 3, 2019

The International Accounting Standards Board established the new lease accounting rules because previous lease accounting practices limited investor and analyst visibility into company finances without leases included on the balance sheet, reports explained.

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PYMNTS

JUNE 4, 2020

The International Accounting Standards Board introduced a significant overhaul to lease accounting standards , and while the changes went into effect at the start of 2019, corporates continue to face challenges to adhere to the standards and remain compliant.

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PYMNTS

JUNE 17, 2016

In addition, noted WSJ , the International Accounting Standards Board has similar rules in place, with non-U.S. If banks have to reserve losses upfront, then the reserves will be greater. Banking associations have also been vocal about the additional costs that would come into play in dealing with these new rules.

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PYMNTS

OCTOBER 26, 2018

Amid reports this week that changes to accounting standards are coming over the next few weeks, the Securities and Exchange Commission (SEC) has said that financial professionals, including accountants, must be mindful of cybersecurity risks.

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inDinero Accounting

JUNE 29, 2023

Along this journey, influential organizations such as FASB and International Accounting Standards Board have played a major role in establishing and maintaining GAAP standards across different jurisdictions and industries worldwide.

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Baruch Lev

JULY 11, 2021

The Wall Street Journal reported (July 1, 2021) that the International Accounting Standards Board (IASB), the accounting body that sets the financial reporting rules of public companies in more than 140 jurisdictions ? This is not a reliable accounting system. but not in the U.S. — Congratulations Mr. Barckow!

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PYMNTS

MARCH 7, 2016

GAAP and international accounting standards, is another boon to efficiency, said Bres. One key rests with expanded functionality that lets users across departments deploy commentary and content tied to social networking features, which fosters real-time collaboration across departments.

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Baruch Lev

JUNE 6, 2021

Intangibles are clearly investments, expected to generate future benefits, but accountants treat them as regular expenses reducing earnings. The absurd result: the more innovative the enterprise, the higher its accounting losses. Pfizer’s $9.4

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Menzies

NOVEMBER 3, 2022

When preparing a set of financial statements in the UK there is a choice of accounting standard to apply in order to comply with UK Companies Act 2006. Broadly the choice is between UK GAAP accounting standards and International Accounting standards (IFRS).

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Snyder

MAY 27, 2022

When it comes to the decision-making strategy, this type of accounting becomes your main priority. In financial accounting, the rules are set by the Financial Accounting Standards Board ( FASB ) or by the International Accounting Standards Board ( IASB ). Difference #6.

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Withum

JULY 11, 2023

International accounting standards will require sustainability disclosure alongside finance statements. Furthermore, these reporting standards will require the adoption of internal controls that can support an independent audit.

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inDinero Tax Tips

FEBRUARY 22, 2023

However, you should make an exception for “Accounting Standards Codification Topic 606: Revenue from Contracts with Customer” often referred to as ‘ASC 606’ or ‘FASB ASC 606’ What Is ASC 606? The new standard significantly changes how companies recognize and report their revenue.

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PYMNTS

JANUARY 30, 2020

New lease accounting standards are in effect for publicly traded companies in the U.S. after the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) introduced changes to the way businesses account for their outstanding leases.

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Accounting Seed

MARCH 17, 2022

For more accounting resources for your business, read on: Top 7 Issues Accountants Face Today. Accounting Cybersecurity: How to Keep Financial Data Safe and Secure. DCAA Compliant Accounting Software: What to Look For. What Are the International Accounting Standards (IAS)?

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Accounting Seed

DECEMBER 5, 2022

Read on: Top 7 Issues Accountants Face Today Small Business Accounting Tips Startup Accounting Tips: Scaling a Growing Startup Accounting Software for Accountants: What to Look For DCAA Compliant Accounting Software: What to Look For What are the International Accounting Standards (IAS)?

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inDinero Accounting

JUNE 24, 2021

IFRS is short for international financial reporting standards. IFRS is the global accounting standard. The IFRS Foundation created a brief video to explain what the international accounting standards mean for business. Do nonprofit organizations use balance sheets? Yes, they do!

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Accounting Seed

JULY 21, 2022

Ask for a demo of Accounting Seed and see what this full-featured platform can do for your startup accounting. Read on: Top 7 Issues Accountants Face Today. Small Business Accounting Tips. DCAA Compliant Accounting Software: What to Look For. What are the International Accounting Standards (IAS)?

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