Новости

USA at the edge of default: very last suggestions left to agree upon

US president Barak Obama and the Congress are left with only one week to prevent default. However, still ongoing discussions seriously worry global society. The International Monetary Fund has recently called for immediate actions by American politicians to raise debt ceiling and to approve a program to decrease budget deficit in medium-term perspectives. This Monday certain suggestions from US leading political forces were disclosed.

Headhunters in Russia search for financial accountants with good English

According to information provided by Russian recruitment agencies, salaries of financiers are continuing to grow at a stable rate, but so are requirements for them to work in financial companies. One of the recent trends in the industry is the ability to comprise skills of a chief accountant, a financial director, and at the same time possess decent English skills.

Bank of Russia to test borrowers for their “actuality”

The Central Bank of Russia has published a set of amendments aimed to improve procedure of evaluation of potential borrowers in banks. The same amendments will also force banks to create additional reserves in case they give credits to affiliated companies. If the CB thinks it is a doubtful credit, inspectors will be able to visit the borrower directly to check his or her business and quality of property under pledge.

Analysis: Doubts emerge over U.S. move to global accounting

At issue are U.S. generally accepted accounting principles in use since the 1930s, known as GAAP, and whether to phase them out in favor of international financial reporting standards, known as IFRS and set by the London-based International Accounting Standards Board. In theory, switching to international standards would make it easier for investors to compare U.S. businesses to others around the globe, reducing companies' cost of capital. Big multinational firms like Ford and IBM, which use IFRS for their businesses overseas, would no longer have to keep separate books to report in the United States

IASB and FASB announce intention to re-expose leasing proposals

Re-exposing the revised proposals will provide interested parties with an opportunity to comment on revisions the boards have undertaken since the publication of an exposure draft on leasing in August 2010.

FRC says “comply or explain” principle has important place in EU Corporate Governance

The principle of “comply or explain” plays an essential part in promoting best practice in corporate governance, says the Financial Reporting Council in a submission to the European Commission published today.

GAAP-IFRS.COM: Just a little announcement

ASB issues Amendments to FRS 29 (IFRS 7) “Disclosures - Transfers of Financial Assets”

The Accounting Standards Board (ASB) of the FRC has today published amendments to FRS 29 (IFRS 7) “Financial Instruments: Disclosures”, adding requirements to that standard in relation to disclosures on transfers of financial assets.

NYSE agreed to be acquired for $9.5 billion

Shareholders of NYSE Euronext approved acquisition by Deutsche Boerse AG for $9.43 billion. Hence, the deal which is to create the world’s largest stock exchange is one more important step closer to its completion.

Minfin of Russia plans to optimize taxation of transactions with foreign securities

The Ministry of Finance disclosed basic directions of its future taxation policy until 2014. Among those “directions” is optimization of taxation of Russian issuers’ transactions with foreign financial securities.