Learn how International Financial Reporting Standards (IFRS) create global accounting consistency, enabling transparent and ...

Revenue recognition is a generally accepted accounting principle (GAAP) that identifies the specific conditions where revenue ...

Accounting firm leaders, standard-setters and industry accountants called for more certainty in the roadmap to International Financial Reporting Standards.

For years, accounting and risk management have not always been fully in sync. IFRS 9 will help to clarify the role and outcome of risk management in the accounting output.

International Finance Reporting Standard (IFRS) comes with laudable objectives. It is a concept meant to sanitise accounting practice in order to achieve corporate goals. To ensure that companies ...

The International Accounting Standards Board issued a set of amendments to IFRS 19 Subsidiaries without Public Accountability ...

Other countries are in the process of implementing these standards. IFRS accounting provides three advantages to the end user of the financial statements.

IFRS Vs. GAAP Revenue Recognition. Two accounting boards are working toward a common set of procedures for recognizing revenue. The international financial reporting standards, or IFRS, are the ...

One very good point was contained in his speech: I understand that U.S. colleges are generally not teaching IFRS in accounting programs, and IFRS is not tested on the national CPA exam.

Introduced in the wake of the financial crisis of 2008-2009, IFRS 9 drastically changes the way financial instruments are accounted for and represents one of the most seismic shifts in the history of ...

The initial version accounted for reduced disclosure obligations for other Standards or amendments that were in effect up to ...