The new international accounting standard is aimed at more consistent reporting that’s better aligned with how businesses are ...

Certain topics have been removed from the standard, including earnings per share, interim financial reporting.

The International Accounting Standards board (IASB or board) has recently released the third edition of its IFRS for SMEs ...

In August, the International Swaps and Derivatives Association said the DRM model “has the potential to make significant ...

The Canadian Securities Administrators (CSA) are requesting comments on proposed amendments to National Instrument 52-112—Non-GAAP and Other ...

The new accounting model would reflect how financial institutions manage interest rate risks in their portfolios.

Financial authorities have decided to discontinue the application of the so-called "exceptional accounting" previously ...

With the emergence of International Financial Reporting Standards (IFRS), most discussion of the proposed convergence of U.S. generally accepted accounting principles, or GAAP, and IFRS standards has ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Accounting principles help hold a company’s financial ...

IFRS 17 requires insurers to separate groups of contracts into components that reflect expected cash flows, risk adjustment, ...