Response to the Financial Accounting Standards Board's and the International Accounting Standard Board's Joint Discussion Paper Entitled, 'Preliminary Views on Financial Statement Presentation'

2009 ◽  
Author(s):  
Stephen R. Moehrle ◽  
Thomas L. Stober ◽  
Robert J. Bloomfield ◽  
Theodore E. Christensen ◽  
Robert H. Colson ◽  
...  
Keyword(s):  
Accounting Standards ◽  
Financial Accounting ◽  
Financial Statement ◽  
International Accounting ◽  
Discussion Paper ◽  
Accounting Standard ◽  
International Accounting Standard

Response to the Financial Accounting Standards Board’s and the International Accounting Standard Board’s Joint Discussion Paper Entitled Preliminary Views on Financial Statement Presentation

2010 ◽  
Vol 24 (1) ◽  
pp. 149-158 ◽  
Author(s):  
Stephen Moehrle ◽  
Thomas Stober ◽  
Karim Jamal ◽  
Robert Bloomfield ◽  
Theodore E. Christensen ◽  
...  
Keyword(s):  
Accounting Standards ◽  
Financial Accounting ◽  
Financial Statement ◽  
International Accounting ◽  
Financial Accounting Standards Board ◽  
Discussion Paper ◽  
Accounting Standard ◽  
Proposed Model ◽  
Financial Decision ◽  
International Accounting Standard

SYNOPSIS: The Financial Accounting Standards Board (hereafter, FASB) and the International Accounting Standard Board (hereafter, IASB) issued a joint discussion paper titled Preliminary Views on Financial Statement Presentation. The Boards are seeking comments on whether their proposed model for financial statement presentation would improve the usefulness of the financial statement information for financial decision makers. This paper sets forth the American Accounting Association Financial Accounting Standards Committee (hereafter, the committee) summary comments as well as responses to several of the FASB’s and IASB’s (hereafter, jointly mentioned, the Boards) specific objectives and principles-related questions. Overall, the committee believes that the model has several appealing features, but also has several potential problems. Many of the problems discussed related to potential learning impediments for users to adapt to the new presentation format.

scholarly journals The Differences Of Ijarah Financing and Conventional Lease On Islamic Law and Accounting Perspectives

IQTISHADUNA ◽  
2018 ◽  
Vol 8 (2) ◽  
pp. 139-148
Author(s):  
Fitriani .
Keyword(s):  
Financial Institutions ◽  
Islamic Law ◽  
Accounting Standards ◽  
Financial Accounting ◽  
International Accounting ◽  
Accounting Standard ◽  
Accounting Principles ◽  
Islamic Financial Institutions ◽  
International Accounting Standard

The main objective of this study is to explore the nature of accounting for Ijarahfinancing and its differences with conventional lease financing from the Islamic law and accounting perspectives.The study makes a comparison between the International Accounting Standard on leasing (IAS 17); the accounting standard for Ijarah (FAS 8) as developed by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI); and Statement of Financial Accounting Standards (Pernyataan Standar Akuntansi Keuangan/PSAK 107). The study found that there are major differences as to the nature of leasing and Ijarah, and as a result accounting principles that have driven all the three standards as well as accounting techniques developed for leasing and Ijarah are significantly different.

Besser Pharma: International Accounting for Pensions

2007 ◽  
Vol 22 (4) ◽  
pp. 563-578 ◽  
Author(s):  
K. Michael Geary ◽  
Donna L. Street
Keyword(s):  
Accounting Standards ◽  
Pension Plans ◽  
International Perspective ◽  
Employee Benefits ◽  
Financial Statement ◽  
Accounting Students ◽  
International Accounting ◽  
Pension Accounting ◽  
Accounting Standard ◽  
International Accounting Standard

The purpose of the Besser Pharma case is to bring an international perspective to the coverage of pension accounting. Students are required to read U.S. and international pension accounting standards, complete financial statement research on the pension plans of Besser's competitors, and answer, in a memo to Besser Pharma's CFO, a series of questions about alternative accounting approaches permitted by International Accounting Standard No. 19, Employee Benefits.

scholarly journals What The CPAs Think About The Proposed Financial Statement Presentation

2011 ◽  
Vol 7 (11) ◽  
Author(s):  
Stuart Shough
Keyword(s):  
Accounting Standards ◽  
Financial Accounting ◽  
Financial Statement ◽  
International Accounting ◽  
International Accounting Standards ◽  
Financial Accounting Standards Board ◽  
Discussion Paper ◽  
International Accounting Standards Board

The Financial Accounting Standards Board and the International Accounting Standards Board jointly issued a Discussion Paper soliciting comments on a proposed financial statement presentation. This paper presents the results from 605 CPA’s responses to selected questions asked in the Discussion Paper.

THE EVOLUTION OF THE RELATIONSHIP BETWEEN THE US FINANCIAL ACCOUNTING STANDARDS BOARD AND THE INTERNATIONAL ACCOUNTING STANDARD SETTERS: 1973–2008

2012 ◽  
Vol 39 (1) ◽  
pp. 1-51 ◽  
Author(s):  
Robert J. Kirsch
Keyword(s):  
Accounting Standards ◽  
Financial Accounting ◽  
Working Relationships ◽  
International Accounting ◽  
International Accounting Standards ◽  
Financial Accounting Standards Board ◽  
Accounting Standard ◽  
Staff Members ◽  
The Us ◽  
The Relationship

ABSTRACT Utilizing archival materials as well as personal interviews and correspondence with personnel of the Financial Accounting Standards Board (FASB) and International Accounting Standards Committee/Board (IASC/B), including former Board chairmen and staff members, this paper examines the development of the working relationships between the FASB and the IASC/B from their earliest interactions in 1973 through the transformation of the IASC into the IASB and the Convergence Program rooted in the 2002 Norwalk Agreement up to 2008.

The Case Analysis of Presentation and Disclosure about other Comprehensive Income

2014 ◽  
Vol 687-691 ◽  
pp. 4691-4694
Author(s):  
Xing Wei
Keyword(s):  
Accounting Standards ◽  
Case Analysis ◽  
Financial Statement ◽  
International Accounting ◽  
International Accounting Standards ◽  
Accounting Standard ◽  
Comprehensive Income ◽  
Other Comprehensive Income ◽  
China National Petroleum Corporation ◽  
Year 2013

This article selects the financial statement established by the CNPC(China National Petroleum Corporation) for the year 2013 according to the Chinese accounting standard for business enterprises as an example, analysis of the problems of presentation and disclosure of other comprehensive income in our country, and contrast and analyze the stipulation about other comprehensive income presentation and disclosure stipulated by the IAS (International Accounting Standards) and FASB statements.

scholarly journals De invloed van het niet of niet volledig waarderen van actieve belastinglatenties op de nettowinst

2016 ◽  
Vol 90 (11) ◽  
pp. 471-485
Author(s):  
Alidus Dannenberg ◽  
Chantal de Bruin ◽  
Peter Epe
Keyword(s):  
Accounting Standards ◽  
International Accounting ◽  
International Accounting Standards ◽  
Accounting Standard ◽  
International Accounting Standard ◽  
International Accounting Standards Board

Actieve belastinglatenties moeten in de jaarrekening worden gewaardeerd tot het bedrag waarvoor het waarschijnlijk is dat voldoende fiscale winst wordt behaald om de actieve belastinglatenties te verrekenen. De vraag is welk effect deze norm van de Raad voor de Jaarverslaggeving (RJ) en de International Accounting Standards Board (IASB) heeft op de gepubliceerde nettowinst van een onderneming. Zo raken tussentijdse op- en afwaarderingen van de actieve belastinglatentie de effectieve belastingdruk en daarmee de nettowinst. Richtlijn 272 en International Accounting Standard (IAS) 12 geven de onderneming de ruimte om de nettowinst te beïnvloeden door het al dan niet volledig tot waardering brengen van actieve belastinglatenties. Dit onderzoek richt zich op de vraag in hoeverre deze situatie invloed heeft op de gepubliceerde nettowinst. De invloed van het al dan niet volledig tot waardering brengen van actieve belastinglatenties op de gepubliceerde nettowinst bedraagt ruim 17%.

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