Archive for July 5th, 2011

5 July 2011: Questionnaire on accounting for Islamic finance transactions

This item was filled under Accounting

The Islamic Finance Working Group of the Asian-Oceanian Standard Setters Group (AOSSG)
is conducting a survey to collate information and receive feedback regarding the standards that would
apply to the financial reporting of Islamic financial trans…

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5 July 2011: UK Government will complete switch to IFRS in 2013

This item was filled under Accounting

The UK Government has announced that the application of IAS 27 will be extended
to all National Health Service (NHS) organisations from 1 April 2013. This application had
been deferred since the adoption of International Financial Reporting Standar…

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5 July 2011: Canada releases basis of conclusions on move to IFRSs

This item was filled under Accounting

With many Canadian companies currently in their first year of reporting under IFRSs, the Canadian Accounting Standards Board (AcSB) has recently released a publication setting out its rationale and process for adopting IFRSs, rather than alternative fr…

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5 July 2011: New Zealand financial reporting surveys reveal disclosure increase, widespread use of additional profit measures

This item was filled under Accounting

Deloitte (New Zealand) has released two new publications in its ‘Financial Reporting Survey’ series. The first discusses financial statement disclosures (among other results, finding an increase in the volume of disclosures over previous years) and th…

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5 July 2011: Agenda for the regular July IASB meeting

This item was filled under Accounting

The agenda has been released for the IASB’s regular monthly meeting scheduled for 20-22 July 2011 in London, much of it a joint meeting with the FASB.

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