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Articles related to "Ifrs"

On the Switch from GAAP to IFRS Reporting

The SEC has decided to give up GAAP. Financial statements by companies in the U.S. will no longer follow GAAP, but will follow IFRS.

accounting · sec · accounting changes · sec rules · gaap

IFRS: Accounting Standards

What is the International Accounting Standards Board (IASB) and why are the International Financial Reporting Standards (IFRS) issued by it so important?

ifrs · international financial reporting standards · iasb · international accounting standards board · accounting standards

Mark-to-Market Takes Precedence in Global Crisis

The Financial Crisis Advisory Group has singled out fair value or mark-to-market accounting as one of the main areas of improvement in response to the global crisis.

gordon brown · derecognition · fasb · financial instruments · g-20

GAAP and Accounting Standards

Generally accepted accounting principles (GAAP) are the basis of financial accounting and reflect federal financial accounting standards. GAAP is important to US firms.

gaap · accounting standards · gaap accounting · fasb · accounting standards board