Новости

Hans Hoogervorst prefers alternative measures to EBITDA

Seven years have passed since companies in New Zealand were required to apply local “equivalents” to IFRS – NZ IFRS. Chairman of the International Accounting Standards Board Hans Hoogervorst is today on a visit there.

VTB initiating agreement with FATCA

Not so long ago we informed that the USA had temporary suspended discussion of Russia’s joining the Foreign Account Tax Compliance Act. This doesn’t mean that Russian banks won’t be able to sign their personal agreements, and probably that’s what the VTB group is doing today.

IASB chairman Hans Hoogervorst on accounting and moral hazard

According to Mr. Hoogervorst, moral hazard is always in place whenever people work with money which belongs to other people. But how is it possible to minimize this risk? What’s the role of accounting standards in that?

Russia preparing sanctions against Visa & Mastercard

Russian parliamentarians are proposing to fine payment systems for the amount equal to unprocessed transactions.

GAAP-IFRS.COM Digest: 7-11 April

ICAI proposed a new “roadmap” for IFRS adoption

The Institute of Chartered Accountants of India (ICAI) has published a recent set of its recommendations concerning the timetable for Ind AS adoption. Those may actually be seen almost as IFRSs because they are to a very great extent converged with the international standards issued by the IASB.

FASB issued a new guidance on discontinued operations

An Accounting Standards Update No. 2014-08 “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity” changes criteria for recognition of discontinued operations and improves disclosures in that respect. It is also aimed to solve some of the problems with inconsistency of application of the current US GAAP requirements.

ICAEW demands a “ceiling” for European regulatory costs

The Institute of Chartered Accountants of England and Wales (ICAEW) is appealing to the European Parliament of the next convocation (the next elections are scheduled for May), asking it to set an certain upper limit for regulatory costs incurred by business in Europe.

Taxes in Russia will stay unchanged until the next elections

The government of Russia is ready to keep the current tax burden unchanged until the elections of 2018.

A “mirror reflection” to FATCA

Russia wants to oblige foreign banks to inform on Russian deposit holders.