GLG News by IFRS Accounting Specialists

Historically, China very careful about open its domestic market to foreign companies, the big changes with China  to let US companies to operate in financial services sector can link to many aspects.

Vietnam slowly become the replacement of China for low cost production center and forced Vietnam economy hike few years back as many companies previously in China turn to Vietnam to set up factories as Vietnam provide better profit margin than China.

AMD  has  just  announced  that  it  will  take  a  material charge on account  of  goodwill  while  Unify  Corporation  has  also  stated  that  it  will  restate  its  results  on ...

Peabody Energy Corp. announces a coal mining deal with China, but its CEO not sure whether the deal will success or not, not until the next 12 months. China is short of green energy like hydro and natural gas so the need of coal as green fuel is urgent. Obviously the deal of mining coal in China by...

The announcement  by  UBS  of  a  $10 bn  writedown  and  financing  from  Singapore  and  the  Middle  East  coming  so  soon  after  Citigroup  took  financing  from  Dubai  points ...

China planning to turn its economy from a labor incentive to technology and knowledge based country but not until when the full operation of the Three Gorges Dam and the natural gas pipeline from Shizuan are completed by 2010 because the country still need fossil oil to sustain the economy.

A  number  of  companies  from America  and  other  countries  are  engaging in M&A deals in India.The  Indian  Government  and  tax  authorities  have  decided  to  look  at  the  detailed ...

Temasek, the investment arm of Singapore government sold shares in Bank of China and China Construction Bank are very coincidence with the request from the three China's major banks to buy its shares in Standard & Chartered Bank.

The  referred  article  contains  an  interesting anecdote  and  brings  to  my mind  the  conundrums that  companies  are  going  to  face  in  the  valuation  of  financial  assets  and ...

- Recognition of relevant costs at the time of Gift Cards sales  - Deferment of corresponding revenue until redemption - Gross Margin are distorted - Uneven sales values in different periods when eventually breakages are     recognized with no specific coherent revenue recognition...