Certain topics have been removed from the standard, including earnings per share, interim financial reporting.

IFRS 8 drops the clear, overriding requirement of the current EU standard to determine segments for disclosure based on an objective (and externally audited) view of economic risk, including financing ...

Accounting schools are scrambling to stay ahead of the IFRS curve. Last spring, Rama Ramamuthy, a professor of accounting at William & Mary's Mason School of Business, devoted eight weeks of a ...

Most listed companies present adjusted numbers — adjusted EBITDA, underlying profit, core earnings — to show what they ...

While the accountancy profession has got itself into something of Y2K-type lather over IFRS, those they serve and who run companies are far more sanguine. They like the idea that there is going to be ...

IFRS 19 is the latest IFRS accounting standard issued in May 2024. It is a disclosure-only standard that will significantly benefit many organisations and increase the pace of the adoption of global ...

GAAP reports in detailed, precise formats; IFRS allows flexible, principle-based reporting. GAAP does not permit asset value recovery post-impairment; IFRS allows revaluation. IFRS does not mandate ...

The formal convergence project between FASB and IASB began in 2002, marked by a Memorandum of Understanding outlining their ...

Three quarters of the 500 accounting professors polled in a recent survey think that International Financial Reporting Standards need to be immediately incorporated into U.S. accounting curricula, and ...

Oversight of the recruitment process is being handled by the Trustees’ Nominating Committee, led by chair Ken Robinson.