Beyond the GAAP - 2011 issues - Forvis Mazars

December 2011

The year just ended should have seen the publication of the final standards for the joint projects on financial instruments, revenue recognition, leases and insurance contracts.

November 2011

The 2011 reporting date is drawing near! It is likely to be a tricky exercise, not because of the new accounting standards but because of the sovereign debt crisis.

October 2011

No matter who you are, the sovereign debt crisis cannot have escaped your notice, having become a regular feature in the daily press and the focus of attention around the globe.

September 2011

Hardly had Hans Hoogervorst taken up his position at the head of the IASB than he had put his stamp on the institution.

July-August 2011

The IASB is struggling to make the hoped-for progress on the projects on its work plan. Hence, after revenue recognition in June 2011, the IASB has decided this month to publish a new exposure draft on Leases.

June 2011

In June, the IASB was once again busy, with the publication of amendments to IAS 1, the standard IAS 19R and the 4th annual improvements exposure draft (after a pause in 2010).

May 2011

The IASB published no fewer than six new standards in May: five relating to consolidation, and one on fair value measurement.

April 2011

In April, the IASB and the FASB decided to postpone the target date for completion of the major convergence projects on revenue recognition, lease accounting, financial instruments and insurance contracts.

March 2011

As is clear from the updated IASB work plan, the second half of 2011 will be quite exceptional in the history of the international standard setter. No fewer than four new standards will be published, two will be amended and the final vote on the content of four future major standards will be taken.

February 2011

February saw significant changes of direction in two key projects in the work plan for convergence between IFRS and US GAAP: the accounting treatment of leases and revenue recognition.