GLG News by IFRS Accounting Specialists

The debut  of  the  Nano  from the Tata Motors stable has deep ramifications for the auto industry in all spheres. It  will  impact  carbon emissions, carbon trading, cost  of  automobiles, the manner  in which  automobile costing is calculated...

As more and more banks affected by subprime crisis in US and Australia, these banks become the target of China investment arm of SAFE and CIC as they will use the surplus of foreign reserves to strengthen the local banks and park their money in more stable and mature economy.

Vietnam opens to foreign banks indicated that the demand for financial services is high as foreign industries rushing in as they abandoned the China market due to  the operating costs over there are getting higher if compare to Vietnam.

FIN 48   has caused enough problems  ever since it  was  issued  some time back. The  requirement to disclose  the  more likely than not evaluation of  tax liabilities in the context  of  SFAS 109 caused major problems for companies. Last year ...

This problem seems to be an old one as the world. Should we rely on historical data or are we enough accurate and able to predict the future based on current assumptions? ZBB is relying on the second approach. Especially in case when the resource consumption is not repeatable from period to period e.g....

Budgeting is  an  area  which  has  not  attracted sufficient interest from analysts  and  others involved with the financial analysis of  financial  statements. At  the  same  time  zero base budgeting  attracts  even less ...

This article is the best summary to date of the FASB's new standard on fair value accounting.  FAS 157 is an important standard.  First, it allows (but doesn't require) companies to abandon historical cost for a broad range of financial assets and liabilities.   It also reflects...

The article shows why the recent problems in global credit markets can have accounting effects that go far beyond the banks and other players directly touched by the crisis.  It also highlights the areas that financial statement readers should be wary of when accessing the possible effects of the...

China gradually open up their banking and finance sector, lately is the financial services now is the credit card, the reasons are the wealth of the Chinese people getting greater every day and also China wants to put risk of maintaining great saving to foreign banks.

The  referred  article  says  that  more  than half  of  $1.1 trillion  invested last year  in  equipment  etc. was  financed through  credit  and  leases It says  that  pending  changes  in  accounting...