IFRS 18 does not change the accounting rules for recognising revenue, valuing assets or measuring expenses. Instead, it changes the layout and discipline of financial reporting.

Compare GAAP and IFRS, the leading accounting standards. Discover their key differences, understand global accounting ...

The International Accounting Standards Board (IASB), based in London, is committed to developing a set of high quality, global accounting standards that require transparent and comparable information ...

International Accounting Standards Board chair Hans Hoogervorst is looking back at the growth of International Financial Reporting Standards as his decade running the IASB is set to end this month.

The International Accounting Standards Board (IASB) has opened a consultation on proposed, targeted changes to IAS 28 Investments in associates and joint ventures. The move aims to clarify which ...

With the increasing acceptance of IFRS in the global economy and its possible adoption in the U.S., CPAs are keenly interested in developing a broader understanding of international standards. A major ...

Accounting and finance organizations for many multinational businesses are currently working to create plans for two separate lease accounting standards: the Financial Accounting Standards Board’s ASC ...

Why are leading Japanese IT firms and other young businesses rushing to adopt IFRS accounting rules? The author examines the reasons behind their decision and describes the international tug-of-war ...

Canadian companies are better off using international accounting standards despite the fact the United States still shows no sign that it will embrace the same reforms, global rule-setting executive ...