Новости

Survey seeks stakeholder input on future project priorities for the FASB

The Financial Accounting Standards Advisory Council (FASAC), the primary advisory group for the Financial Accounting Standards Board (FASB), today issued a survey to solicit stakeholder views about the FASB’s future agenda. Participants are asked to respond to the survey by May 30, 2013.

IFAC and GPPC host symposium on building investor confidence, strengthening financial reporting infrastructure in the ASEAN region

Strong Financial Reporting Structure a Key Pillar for Successful Integration of ASEAN Capital Markets; Symposium of Global and Regional Stakeholders Timely in View of 2015 ASEAN Economic Community.

Cyprus lifted restrictions on operations of two Russian banks

The corresponding order was issued last Friday by the finance minister of Cyprus (with the beginning of the financial crisis he acquired emergency powers for regulation of the country’s financial sector).

It is possible that USD will be prohibited in Russia

The Liberal Democratic Party of Russia proposed to prohibit circulation or keeping American dollars on the territory of Russia, arguing that this will protect its citizens from another financial crisis if the American currency suddenly deteriorates.

New Financial Reporting Lab project: accounting policy disclosures and integration of related financial information

The FRC’s Financial Reporting Lab (the Lab) is calling for listed companies and investors/analysts to participate in a project on approaches to disclosing accounting policy information that are considered to be most effective. This project will also explore the ordering of footnotes to the financial statements, as this is a topic that arises when companies integrate accounting policy disclosure with detailed footnote disclosure. We also plan to consider linking or integrating related information on policies and their application, the resulting financial statement information, and the financial review.

FRC to publish simpler Sharman guidance for SMEs

The accounting regulator is to provide a simpler version of its revised Sharman guidance, published in January, specifically for the use of SMEs.

Further training material on the IFRS for SMEs available

The IFRS Foundation Education Initiative has developed a training module for Section 19 of the IFRS for SMEs 'Business Combinations and Goodwill'. This section of the IFRS for SMEs provides guidance on identifying the acquirer, measuring the cost of the business combination, and allocating that cost to the assets acquired and liabilities and provisions for contingent liabilities assumed. It also addresses accounting for goodwill both at the time of a business combination and subsequently.

Representatives of the IASB and ASBJ meet in Tokyo, confirm future relationship

Representatives of the International Accounting Standards Board (IASB) and the Accounting Standards Board of Japan (ASBJ) met on 9 and 10 May 2013 in Tokyo. This was the seventeenth in a series of meetings between the boards since March 2005. During the meeting, the boards discussed projects on the IASB’s agenda, including Financial Instruments, Insurance Contracts and the work to revise the IASB’s Conceptual Framework for Financial Reporting.

GAAP-IFRS.COM Digest: 30 April – 8 March

Minfin explains how companies are going to pay taxes

As it was told, yesterday the Ministry of Finance published its “Basic directions of taxation policy for the year 2014 and the period 2015-2016”, thus explaining stakeholders what it plans to do with taxes in the nearest three and a half years. Here are some more details.