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
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.