Archive for January 11th, 2015

FASB’s new ASU on extraordinary items brings US GAAP guidance closer to IAS 1

Posted by on 11 January, 2015
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The US Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2015-01 ‘Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items’.

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News story: Joint statement on Libya by the governments of France, Germany, Italy, Spain, the United Kingdom and the United States

Posted by on 11 January, 2015
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The governments of France, Germany, Italy, Spain, the UK and the USA welcome a new round of political dialogue on Libya next week.

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