The Association of Chartered Certified Accountants (ACCA) and the Adam Smith Business School at the University of Glasgow have released a study highlighting the urgent need for consistent accounting ...

FASB on Thursday issued a revised proposal that would provide a comprehensive framework for classifying and measuring financial instruments. The Proposed Accounting Standards Update (ASU), Financial ...

IMGCAP(1)]IAS 39, Financial Instruments: Recognition and Measurement, is arguably the most complex of International Financial Reporting Standards. Processing Content The standard deals principally ...

The Financial Accounting Standards Board issued Thursday its long awaited accounting standards update for credit losses, part of the convergence project on financial instruments that it has been ...

The Financial Accounting Standards Board is looking for views on a proposed clarification in accounting standards meant to address different practices that are developing in accounting for certain ...

Two of the most common types of debt instruments used in business are promissory notes and bonds. But despite the differences between the two instruments, the fundamental financial accounting concepts ...

Following a special meeting, the Accounting Standards Board (AcSB) confirmed Thursday that “the recent U.S. guidance on determining the fair value of financial instruments is consistent with Canadian ...

The CA Institute has come out with an exposure draft for accounting standard on financial instruments (AS 109). This standard has been drafted on the basis of IFRS 9, Financial Instruments applicable ...

Last week, we discussed the definition of financial instrument and how it was categorized both for accounting and tax perspectives. In this second and last part of my article, I will discuss the ...