i-law

World Accounting Report

Reporting on sustainable development goals
by Russell Picot
Online Published Date:  28 November 2019
Appeared in issue:  22.09 - 28 November 2019
FASB
The FASB has issued four proposed Accounting Standards Updates (ASU) for consultation. One covers the classification of balance sheet liabilities as current or non-current, another covers interest-rate benchmark reforms, and the third and fourth..
Online Published Date:  28 November 2019
Appeared in issue:  22.08 - 05 November 2019
Europe update: October 2019
EFRAG
Online Published Date:  28 November 2019
Appeared in issue:  22.08 - 05 November 2019
BEIS Select Committee – Thomas Cook inquiry
The run of UK corporate failures has continued with the announcement1 on 23 September 2019 that tour operator Thomas Cook had ceased trading. Newspaper reports focused on the loss of jobs and the plight of holiday-makers overseas. Two weeks later,..
Online Published Date:  28 November 2019
Appeared in issue:  22.09 - 28 November 2019
Developments in accounting for goodwill in the US
As is the case under IFRS, US GAAP currently requires that goodwill arising on business acquisitions is annually tested for impairment, rather than amortised. There are, however, differences in the detail, and the FASB has relaxed the rules for..
Online Published Date:  28 November 2019
Appeared in issue:  22.08 - 05 November 2019
IASB split on goodwill accounting
The goodwill and impairment project has been causing the IASB some difficulties. The key issue is the extent to which impairment testing of goodwill is effective, as it appears that write-downs are either reported too late or not at all. The main..
Online Published Date:  28 November 2019
Appeared in issue:  22.08 - 05 November 2019
Editorial
Climate change and environmental issues are increasingly in the news, and this month’s WAR includes an article by Professor Russell Picot on a consultative paper that he and two colleagues from Durham University Business School, Professor..
Online Published Date:  28 November 2019
Appeared in issue:  22.09 - 28 November 2019
Editorial

The local garden centre has replaced its summer offering of deckchairs and barbecues for a dazzling array of seasonal trees, baubles and fairy lights. With this thought in mind, it is not perhaps entirely inappropriate that this month’s WAR..
Online Published Date:  28 November 2019
Appeared in issue:  22.08 - 05 November 2019
UK update: November 2019
Audit market and regulatory reform developments in the UK
Online Published Date:  28 November 2019
Appeared in issue:  22.09 - 28 November 2019
Europe update: November 2019
EFRAG
Online Published Date:  28 November 2019
Appeared in issue:  22.09 - 28 November 2019
International update: October 2019
IASB meeting
Online Published Date:  28 November 2019
Appeared in issue:  22.08 - 05 November 2019

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