The Financial Accounting Standards Board issued Thursday its long awaited accounting standards update for credit losses, part of the convergence project on financial instruments that it has been ...

IMGCAP(1)]IAS 39, Financial Instruments: Recognition and Measurement, is arguably the most complex of International Financial Reporting Standards. The standard deals principally with accounting for ...

FASB on Thursday issued a revised proposal that would provide a comprehensive framework for classifying and measuring financial instruments. The Proposed Accounting Standards Update (ASU), Financial ...

The Financial Accounting Standards Board has issued its long-awaited new accounting standard to simplify hedge accounting, allowing companies to adopt the new approach almost immediately if they ...

They agreed in joint meetings to revisit the rules on accounting for financial instruments, and they will come together next month to host a series of public roundtables on the topic. With that kind ...

NEW YORK, March 24 (Reuters) - The International Accounting Standards Board (IASB) and U.S. Financial Accounting Standards Board (FASB) said on Tuesday that they will work quickly to replace ...

Following a Private Company Council recommendation, FASB issued a new standard Thursday that simplifies the accounting for certain financial instruments with down round features. Down round features ...

Accounting rule makers expect forthcoming changes to financial instrument accounting rules will have the biggest impact on financial firms, but non-financial companies also hope their disclosures ...

SAP SE (SAP) announced today that Klarna, one of Europe´s leading payment providers for online stores, has become the first customer to go live with smart accounting for financial instruments (smart ...

NEW YORK, Jan 25 (Reuters) - In a big victory for banks, U.S. accounting rule-makers moved on Tuesday to reverse a controversial plan that would have forced banks to value many of their loans based on ...

The cash flows related to the sales, maturities, repayments and purchases of portfolio investments have been reclassified to the Operations section to better represent the operating cash flows of the ...

Accounting rules are boring, technical and understood by only a very few people. That makes them the perfect target for bankers and politicians scrambling around for a credit crunch scapegoat. It wasn ...