iasb

Right Issue and IAS 32 Implication

Finance - A rights issue is basically when a company offers existing shareholders a right to purchase additional shares of the company at a given price, which is at a discount to the prevailing market price of the stock, to make the offer enticing for the shareholder and to ensure that the rights offer is fully subscribed to. ...

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Exposure Drafts of Amendments to Ind ASs

Finance - As you are kindly aware, the Ministry of Corporate Affairs (MCA) has placed the Indian Accounting Standards (Ind ASs) which are converged with International Financial Reporting Standards (IFRSs) on its website. Thereafter, certain new standards/amendments to the IAS/IFRS have been issued by the IASB. With a view to keep pace with the new ...

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IASB and FASB seek to reduce differences in classification and measurement models for financial instruments

Finance - The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) today agreed to work together to seek to reduce differences in their respective classification and measurement models for financial instruments. The discussions will form part of the FASB’s ongoing redeliberation of a proposed Account...

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IASB proposes to clarify the transition guidance in IFRS 10

Finance - The International Accounting Standards Board (IASB) today published for public comment proposed amendments to IFRS 10 Consolidated Financial Statements. The objective of the proposed amendments is to clarify the transition guidance in IFRS 10 by confirming when an entity needs to apply IFRS 10 retrospectively. The proposals should allay t...

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IASB clarifies its requirements for offsetting financial instruments

Finance - The International Accounting Standards Board (IASB) today clarified its requirements for offsetting financial instruments by issuing Offsetting Financial Assets and Financial Liabilities (Amendments to IAS 32). The amendments address inconsistencies in current practice when applying the offsetting criteria in IAS 32 Financial Instruments:...

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IASB and IFAC to enhance co-operation in developing private and public sector accounting standards

Finance - The IASB is responsible for the development and promulgation of International Financial Reporting Standards (IFRSs), required or permitted for use by companies in more than 100 countries. IFAC supports the independent International Public Sector Accounting Standards Board (IPSASB), which is responsible for developing International Public ...

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Recent Posts in "iasb"

Right Issue and IAS 32 Implication

A rights issue is basically when a company offers existing shareholders a right to purchase additional shares of the company at a given price, which is at a discount to the prevailing market price of the stock, to make the offer enticing for the shareholder and to ensure that the rights offer is fully subscribed to. ...

Read More
Posted Under: Finance |

Exposure Drafts of Amendments to Ind ASs

As you are kindly aware, the Ministry of Corporate Affairs (MCA) has placed the Indian Accounting Standards (Ind ASs) which are converged with International Financial Reporting Standards (IFRSs) on its website. Thereafter, certain new standards/amendments to the IAS/IFRS have been issued by the IASB. With a view to keep pace with the new ...

Read More
Posted Under: Finance |

IASB and FASB seek to reduce differences in classification and measurement models for financial instruments

The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) today agreed to work together to seek to reduce differences in their respective classification and measurement models for financial instruments. The discussions will form part of the FASB’s ongoing redeliberation of a proposed Account...

Read More
Posted Under: Finance |

IASB proposes to clarify the transition guidance in IFRS 10

The International Accounting Standards Board (IASB) today published for public comment proposed amendments to IFRS 10 Consolidated Financial Statements. The objective of the proposed amendments is to clarify the transition guidance in IFRS 10 by confirming when an entity needs to apply IFRS 10 retrospectively. The proposals should allay t...

Read More
Posted Under: Finance |

IASB clarifies its requirements for offsetting financial instruments

The International Accounting Standards Board (IASB) today clarified its requirements for offsetting financial instruments by issuing Offsetting Financial Assets and Financial Liabilities (Amendments to IAS 32). The amendments address inconsistencies in current practice when applying the offsetting criteria in IAS 32 Financial Instruments:...

Read More
Posted Under: Finance |

IASB and IFAC to enhance co-operation in developing private and public sector accounting standards

The IASB is responsible for the development and promulgation of International Financial Reporting Standards (IFRSs), required or permitted for use by companies in more than 100 countries. IFAC supports the independent International Public Sector Accounting Standards Board (IPSASB), which is responsible for developing International Public ...

Read More
Posted Under: Finance |

IASB proposes an amendment to the accounting for government loans in IFRS 1

The International Accounting Standards Board (IASB) today published for public comment a proposed amendment to IFRS 1 First-time Adoption of International Financial Reporting Standards. The proposed amendment sets out how a first-time adopter would account for a government loan with a below-market rate of interest when they transition to ...

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Posted Under: Finance |

IASB clarifies accounting for costs associated with waste removal in surface mining

The IASB issued today an Interpretation clarifying the requirements for accounting for stripping costs in the production phase of a surface mine. The Interpretation was developed by the IFRS Interpretations Committee, the interpretative body of the IASB. The Interpretations Committee was asked to clarify when and how to account for stripp...

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Posted Under: Finance |

IASB proposes to exempt investment entities from consolidation requirements

The International Accounting Standards Board (IASB) published today proposals to define investment entities as a separate type of entity that would be exempt from the accounting requirements in IFRS 10 Consolidated Financial Statements. ...

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Posted Under: Finance |

International Accounting Standards Board (IASB) wants full IFRS adoption in India

The International Accounting Standards Board (IASB) has requested the government to adopt the global accounting standards IFRS in toto or at least allow companies to voluntarily do so and not go ahead with the convergence approach.Stating it is in India''s own interest to adopt the International Financial Reporting Standards (IFRS, as Ind...

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Posted Under: Finance |
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