GLG News by IFRS Accounting Specialists

The  accounting  standards  convergence  steamship  is  gathering  speed  at  an  accelerating  pace  and  emerging  markets are  embracing  the  same. In  this  context  the  initiative  in ...

The  subprime crisis has  brought  to  the  fore the risks  of  interconnected  markets  and  the  linking  of  markets. In  this  analysis  I  take  a  look  at  the  subprime  crisis ...

The SEC  has  formed  a  committee  to  look  at  ways  to  simplifying financial reporting. In this analysis I  look  at  what  steps  may  be  taken   to simplify  financial reporting and make eminent...

If the politics around international accounting standards does not subside in the near future this will prove detrimental to the development of standards for providing a true and fair view on the performance of public companies across the globe. If the bickering continues, this will also give an...

All governments are wary of the power to lose control.So it is with accounting standards. While the US is moving closer to convergence with IFRS, Europe is adopting a divergent trend as is apparent with the efforts in the area of IAS 39 - Financial Instruments and IFRS 8 - Segment Accounting. In this...

Potential cost savings for foreign groups if IFRS based accounts become acceptable to SEC. Humbling effect of US becoming just a player, albeit still a major one, in the global capital markets It remains to be seen whether this is an exercise to ensure that US authorities seen as doing something...

China Minsheng Banking Corp become the first bank invest in US bank before Industrial and Commercial Bank of China and China Merchant Bank get the banking licences.

Barclays losing ABN wil not be deterimental to its value and short term investor will like the idea anyway due bid premium and possibility of another deal. All in all it is good thing that Barclays lost the battle unless you are an employee of the bank. This might prompt a reorganisation and cost cutting...

From  1907  to  2007  a  hundred  years  have  passed  but  the  nature  of  crisis  facing  the  banking  system  continues. In  1907  it  was  JP Morgan  who  stepped  in ...

The  recent  subprime  crisis  has  brought  to the  fore  lacunae  in  capital  markets  at  their  current  stage  of  development. A  lot  is  being  said  in  different  forums ...