Accounting standards, be they U.S. focused (Generally Accepted Accounting Principles), or standards promulgated by the International Accounting Standards Board (IASB) were both developed and ...

Accounting standards in the European Union and some countries in Asia are governed by the International Financial Reporting Standards (IFRS), which is governed by the International Accounting ...

The IASB and the Financial Accounting Standards Board began working toward convergence of international and U.S. accounting standards in 2002, when the two boards jointly issued a Memorandum of ...

[SINGAPORE] Increasingly complex financial reporting standards aren't complex for the sake of being so, says Hans Hoogervorst; rather, such complexity reflects the economic reality we live in. Mr ...

A new study by Dr. Heylel-li Biton of the Hebrew University Business School sheds light on a long-standing question in global ...

Prime Why Kenya’s public sector needs global accounting standards Wednesday, December 23, 2009 — updated on December 18, 2020 - 6 min read ...

The IFRS standard began as a convergence project with the International Accounting Standards Board and FASB, but the IFRS and U.S. GAAP rules that were developed ultimately had significant differences ...

More important, the S.E.C. should permit corporations with publicly traded stock to have the option of basing their accounting statements on either the U.S. or international accounting standards.

The last in, first out (LIFO) method of inventory valuation is prohibited under International Financial Reporting Standards (IFRS), though it is permitted in the United States, which uses ...