AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
S&P--Accounting Rules and Business Needs at Odds.
Business Editors
NEW YORK--(BUSINESS WIRE)--March 13, 2003
(Standard & Poor's)--Accounting standards are growing increasingly detailed, and some critics charge that complex standards have altered accounting, reshaping a basic financial reporting tool into a factor companies often weigh when making economic decisions.
Many in the financial services industry agree, underscoring the problems of implementing a risk strategy because of the difficulties it can introduce into the financial reporting process. Fair value, hedge accounting, and consolidation represent three of the most contentious issues.
Applying concepts like fair value to financial instruments has opened up a Pandora's box for accounting regulators. FASB and the International Accounting Standards Board have wrestled with such thorny challenges for decades. But the growing complexity of financial instruments has made their measurement, presentation, and timing of recognition a priority for standard setters.
"Valuation of ...
- International Accounting Standards
- Encyclopedia entry from: Encyclopedia of Business and Finance, 2nd ed. Gujarathi, Mahendra January 1, 2007 700+ words
...RELATIONSHIPS WITH OTHER STANDARD-SETTERS In addition to issuing accounting standards, the IASB cooperates...national accounting standard-setters to achieve convergence in accounting standards around the world...
- Financial Accounting Standards Board Meets with Accounting Standards Board of...
- Press release article from: Business Wire May 27, 2008 700+ words
...Representatives of the Financial Accounting Standards Board (FASB) and the Accounting Standards Board of Japan (ASBJ) gathered this...shared pursuit of global convergence of accounting standards. Mr. Tatsumi Yamada, Board member...
- Adoption of international accounting standards: antecedents, processes and...
- Magazine article from: Journal of Academy of Business and Economics Zarb, Bert J. Pagiavlas, Notis A. February 1, 2003 700+ words
...paper examines international accounting standards focusing on the antecedents...commonly accepted set of accounting standards. It is found that most critical...reporting, adoption of explicit accounting standards, investment decisions...
- FASB and IASB Agree to Work Together toward Convergence of Global Accounting...
- Press release article from: Business Wire October 29, 2002 700+ words
...international accounting standards. The FASB...national standard setters at...national standard setters to...global set of accounting standards. While we...accounting standard setters to...convergence in accounting standards around the...
- Auditor-client dependence in the development of new accounting standards in...
- Magazine article from: Journal of Comparative International Management Abekah, Joe June 1, 2002 700+ words
...perceived to dominate the accounting standards setting processes...accounting and auditing standards in Canada, it still...a due process for standard setting, much like that of the Financial Accounting Standards Board (FASB...
- Convergence of accounting standards: a comparative analysis of the U.S. revised...
- Magazine article from: Review of Business Silliman, Benjamin Rue March 22, 2005 700+ words
...international standard-setting...International Accounting Standards Board. Since...whole host of accounting standards. Both standard-setting...convergence of accounting standards. The IASB...Reporting Standard 2 (IFRS 2...
- IASC: global accounting standards make sense.(International Accounting...
- Magazine article from: Accounting Today November 20, 1995 700+ words
...do have a consistent set of accounting standards throughout the world, it will...their needs." International Accounting Standards will therefore give these countries...the IASC and other accounting standard-setting bodies throughout...
- Cooperation between FASB and IASB to achieve convergence of accounting...
- Magazine article from: Review of Business Gornik-Tomaszewski, Sylwia McCarthy, Irene N. March 22, 2003 700+ words
...enforceable global accounting standards and to encourage...with national standard setters around...The Financial Accounting Standards Board in the...with national standard setters around...The Financial Accounting Standards Board (FASB...