Новости

FASB issues Accounting Standards Update clarifying scope of disclosures that apply to balance sheet offsetting of assets and liabilities

The Financial Accounting Standards Board (FASB) today issued an Accounting Standards Update, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. The Update clarifies the scope of transactions that are subject to the disclosures about offsetting.

Lists of borrowers instead of reserves

The Bank of Russia further simplifies life for banks that give credits to small and medium entities. Instead of forming 50%-reserves on such credits they will only have to present lists with those borrowers to the regulator.

Small business in Russia now allowed to present electronic accountancy

Small business entities of Russia will be able to present their financial accountancy for 2012 in electronic format. This follows from the Federal Tax Service’s order from 25 January 2013; the document is already effective.

The International Accounting Standards Board invites nominations for membership of a consultative group on Rate-regulated Activities

The International Accounting Standards Board (IASB) is seeking nominations for a consultative group that is being established to help on its recently reactivated project on accounting for Rate-regulated Activities.

The IFRS Foundation today published the first part of its Education Initiative’s comprehensive Framework-based IFRS teaching material

The free-to-download teaching material is designed to assist IFRS teachers to educate IFRS learners more effectively. In particular, the material is designed to support those teaching IFRS, so that they can progressively develop in their students the ability to make the estimates and judgments that are necessary to apply IFRS and the IFRS for SMEs. The Framework-based teaching approach should also better prepare students to update their IFRS knowledge and competencies continuously in the context of life-long learning.

Consultation on implementation of Sharman Panel recommendations issued by FRC

The Financial Reporting Council issues for consultation, guidance for directors, and related standards for auditors, to implement the recommendations of the Sharman Panel of Inquiry into Going Concern and Liquidity Risks.

Russia hires Goldman Sachs for $500 000 to improve its investment attractiveness

Investment climate is not only the real level of bureaucratic pressure on business, but also the way this surrounding is felt by investors, both real and potential ones. Russia has recently created itself a negative public image, so it has to be changed. That’s what its government decided. The investment bank Goldman Sachs will “advertise” Russia abroad. Simultaneously, Russia’s now searching for investment banks capable of improving its rating to the “A” level already this year.

Outcome of investigation: Lehman Brothers International (Europe)

The Financial Reporting Council (“FRC”) announces the outcome of its investigation into the conduct of Members of the ICAEW and Ernst & Young LLP (“E&Y”), Member Firm of the ICAEW, as auditors to Lehman Brothers International (Europe) (“LBIE”). The FRC is independent of the professions it disciplines and operates in the public interest.

Trustees appoint Darrel Scott as Chairman of the SMEIG

The IFRS Foundation Trustees have approved the appointment of IASB member Darrel Scott as Chairman of the SME Implementation Group (SMEIG), replacing Paul Pacter, whose term at the IASB ended on 31 December 2012. The mission of the SMEIG is to support the international adoption of the IFRS for Small and Medium-sized Entities (IFRS for SMEs) and to monitor its implementation.

Minfin of Russia has developed four new draft standards

With the new accounting legislation in effect, the Ministry of Finance of the Russian Federation today develops Russian accounting standards as close to IFRSs as it is possible. Not long ago the ministry informed on completion of four new draft standards scheduled for approval in 2013. Those will deal with accounting for revenues, inventories, leases and employee benefits.