Financial and Accounting News

• May 18, 2013 IFRS Briefing Published The International Financial Reporting Standards Board has published their ‘layman’ version of the new 2013 Standards that they have been working on for several years. The full title of the report is the ...
• May 18, 2013 International Accounting Standards and Audit Quality The International Accounting/Auditing Standards Board, or IAASB has spent the last several years attempting to coordinate the accounting standards between the different nations. With different nations using several ...
• May 15, 2013 FASB Survey Due May 30th, 2013 It’s that time of year again. The time when the Financial Accounting Standards Advisory Council seeks input into the decisions they make that affect accounting policy for all. Changes are coming to the FASB agenda ...
• May 15, 2013 Accountant In The Clink Ronald Moncrieff used to be a successful accountant, today he is a convicted felon. An investigation by Her Majesty’s Revenue and Customs discovered that he had be regularly claiming fraudulent expenses worth a ...
• May 11, 2013 ACCA has Warned that the Going Concern Proposal Might Put Smaller Companies in Trouble The Association Of Chartered Certified Accountants has warned that although the implementation of ‘going concern’ assessment and report is necessary for all company accounts, some parts of the FRC’s ‘going con ...
• May 10, 2013 IFRS Foundation Announces Appointments and Reappointments to the Interpretations Committee In a press release published on 9th May, The IFRS Foundation Trustees have announced the news of several appointments to the Interpretations Committee of the Foundation (IFRIC). The news revealed that Dr Martin Schloemer, ...
• April 26, 2013 Socializing a Free Market Europe through Accounting Standards-Part Two In the previous article, we looked at the efforts of the IASB to use a socialist bent mentality to unite all accounting standards together under one umbrella. They are doing this through the newly published, ED/2013/5 ...
• April 26, 2013 Socializing a Free Market Europe through Accounting Standards-Part One Europe faced a long uphill battle in 2002 when the Euro was introduced as the new currency that was meant to supplant the many currencies in use in the multiple nations. Ideally, it would have made trade easier, in reality ...
• April 21, 2013 You Are Invited! The IFRS, or International Financial Reporting Standards board is the UK equivalent of the US FASB or Financial Accounting Standard Board. Both organizations seek to standardize accounting practices across their respective ...
• April 21, 2013 Return to Senddr The benefits of e-Invoicing are clear. They deliver your company’s sales invoices to your customers and send alerts back to you when that invoice is approved for payment. This greatly increases the efficiency of ...