The government
accounting standards system referred to in this notice includes the following:
Esta investigacion tuvo como objetivo analizar los hechos de los metodos de medicion del MC emitido por el IASB, partiendo sobre los antecedentes, describir los aspectos mas resaltantes del mismo, proceso de convergencia entre el IASB y la Financial
Accounting Standards Board (FASB); para poder llegar a las conclusiones presentadas.
The FASB said it developed its Proposed
Accounting Standards Update, Financial Instruments--Overall: Recognition and Measurement of Financial Assets and Financial Liabilities, as part of its broader joint project with the International
Accounting Standards Board to improve and converge the accounting for financial instruments.
The International
Accounting Standards Board (IASB) in November proposed establishing an
Accounting Standards Advisory Forum to provide input on international standards.
In 2009, the International
Accounting Standards Board set up a separate set of international
accounting standards for private companies, called IFRS for SMEs.
Apart from laying down principles of financial reporting for Islamic financial institutions and providing the basis for AAOIFI
accounting standards, the new Conceptual Framework also gives updated guidance on accounting treatment for investment accounts.
Issuance of the new
accounting standards and guidance note was approved by AAOIFI Accounting and Auditing Standards Board at its meeting in Dubai.
"We strongly support the eventual use of a single set of high-quality, comprehensive global
accounting standards by public companies in the preparation of transparent and comparable financial reports throughout the world, and thus continue to strongly support the objectives of the IASCF and the IASB," Melancon said.
For the past three decades it has become increasingly vocal in its support of a single set of robust
accounting standards that would be used worldwide.
The committee has active members serving as representatives on FASB/International
Accounting Standards Board (IASB), Financial Performance Reporting Task Force, FASB Emerging Issues Task Force (EITF) and PCAOB Standing Advisory Group (SAG).
The Financial
Accounting Standards Board (FASB) has added a project to its agenda to reconsider the current
accounting standards for leases.
Contract Pricing and Cost
Accounting Standards (DFARS Case 2003-D014)
141 is likely to be replaced by the recently Proposed Statement of Financial
Accounting Standards, Business Combinations.
Financial reports produced by companies domiciled in various countries contain financial statements based on very different
accounting standards. Multinational companies operating or raising capital must maintain multiple accounting records and financial reports, and international investors and financial analysts must grapple to understand them.
As my colleagues at the Financial
Accounting Standards Board (FASB) and the International
Accounting Standards Board (IASB) will agree, fair value accounting poses many challenges and has sparked significant industry debate.
