The drumbeats in the jungle are getting louder: Like Paul Revere's midnight ride, the drums are booming out lyrics to an unfamiliar tune that sounds like: "IFRS is coming! IFRS is coming!" If you ...

Accounting firm leaders, standard-setters and industry accountants called for more certainty in the roadmap to International Financial Reporting Standards. With the comment deadline having now passed ...

As the world’s economies become increasingly interconnected and investors diversify their holdings internationally, standard accounting procedures are becoming more necessary. While the United States ...

This article was written by Gregory van Droogenbroeck, CFA and Scott J. L. Coulter, CFA, CPA, CA for World Accounting Report. The International Financial Reporting Standard 9, or IFRS 9, represents ...

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 ...

Learn what an onerous contract is, regulations for reporting them, and examples. Explore how IFRS and GAAP differ in handling these unfavorable contracts.

Accounting professionals are accustomed to complying with accounting standards. Generally accepted accounting standards set the guidelines for reporting financial transactions in the United States.

At the beginning of this year, Kenyan banks joined their global peers in adopting the International Financial Reporting Standards 9 (IFRS 9), ushering in a significant shift in accounting for ...

We look at how IFRS 9 changes impact the SPPI test for sustainability-linked bonds, and how risk, accounting, and data teams navigate new data and compliance demands.

In line with Section 8 of Federal Inland Revenue Service (FIRS) Establishment Act 2007, FIRS issued a draft circular in October last year to provide direction to stakeholders on the tax implications ...