All GLG News Analyses Filed Under: Accounting Regulatory Bodies

The FASB  has  proposed major  changes  to  SFAS 133  which  deals  with  accounting  for  derivatives. The  changes  relate  to  disclosures  in  terms  of  qualitative  aspects, better reporting formats...

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 ...

In the scenario of developed Stock market the perceived value of Business to the Investor community is an important indicator of Business valuation. Market Capitalisation, thus is fast becoming an universally accepted indicator of Business Valuation. Unipolar focus on working towards increased Market...

An accounting project is currently in the works that could significantly change the way financial statements are presented. The most controversial part of the proposal appears to be the potential elimination of net income – and (logically) the potential elimination of a single EPS figure. This...

Despite various debate and argument over the acceptable of IFRS as the only accounting standard is the painful process for US, the point is most of the world already accepted and US should put more effort to do the same as the world is not waiting.

This post specifically discusses an accounting project currently in the works that could significantly change the way financial statements are presented.  The "Analysis" section below discusses and gives examples of various alternatives to the financial statements currently being considered. ...

WHY PROPER The idea of having International Financial Reporting Standars is appropriate in view of the current wave of globilization. Its implementation is providing one important facility for free movement of capital and reporting on its performemnce. However, there are major considerations that...

Internationalization of business and capital markets has resulted in an economic environment that would be improved by uniform procedures for financial statement preparation. This would benefit investors, lenders, financial analysts, accountants, and auditors. The IASB has developed International Financial...

Elaboration on the materiality protocol auditors of financial statements employ. 

1.    Convergence of U.S. and international accounting standards is coming. 2.    The pace for this evolution is quickening. 3.    This convergence is troublesome, not because of its goals, but because of the expectations of financial...