Новости

IASC Foundation releases IFRS Taxonomy 2010

The International Accounting Standards Committee (IASC) Foundation released the International Financial Reporting Standards (IFRS) Taxonomy 2010. The 2010 taxonomy is consistent with IFRSs and with the IFRS for Small and Medium-sized Entities (SMEs), and for the first time both have been integrated into a single taxonomy.

FASB Issues Accounting Standards Update 2010-18 - Receivables (Topic 310)

Recently there has been an increase in the number of modifications of acquired loans that fall under the scope of the “FASB Accounting Standards Codification”(TM) Subtopic 310-30, Receivables - Loans and Debt Securities Acquired with Deteriorated Credit Quality.

IMF and the European Union agreed provide Greece with 110 billion

The International Monetary Fund and the European Union will provide joint anti-crisis support for Greece for the amount approximately 110 billion euro.

Making an international financial center out of Moscow

The financial crisis is over, and Russia’s government is getting back to its “mega” project to create an international financial center out of Moscow. All related orders were issued by Russia’s president Dmitry Medvedev.

IASC Foundation and IASB emphasize greater investor participation in the development of IFRSs

The Trustees of the International Accounting Standards Committee (IASC) Foundation and the International Accounting Standards Board (IASB) launched today a programme to enhance investors’ participation in the development of International Financial Reporting Standards (IFRSs).

IASB proposes improvements to defined benefit pensions accounting

The proposals would amend the accounting for defined benefit plans through which some employers provide long-term employee benefits, such as pensions and post-employment medical care. In defined benefit plans, employers bear the risk of increases in costs and of possible poor investment performance.

FASB Issues Accounting Standards Update 2010-17 “Revenue Recognition - Milestone Method” (Topic 605)

The objective of this Update is to provide guidance on defining a milestone and determining when it may be appropriate to apply the milestone method of revenue recognition for research or development transactions.

Medvedev signs the law on off-schedule audits

Russia’s president Dmitry Medvedev has signed a new law on off-schedule checks of all businesses – large companies and, of course, small and medium enterprises. This will remarkably lower administrative burden on business in Russia as now regulators will have to agree their non-scheduled (irregular) checks of business structures with prosecutors’ offices.

All stand united against money laundering

The Federal Financial Monitoring Service, the Bank of Russia, and the Federal Financial Markets Service (FFMS) are together seeking for a solution to the problem of “double reconciliation” of internal control rules in banks that have licenses of professional market participants.

EU to tackle double taxation

The EU is planning to take action on the double taxation problems faced by individuals and companies when operating across national borders.