Standards

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IASBIFRSIntegratedNon-FinancialReportingStandards

Change in the wind? Recent speeches signal IASB shift

Recent IFRS speeches indicate a new willingness to better integrate IFRS reporting with additional non-financial reporting metrics that have developed out of changing investor needs. Technology means we have seen a dramatic shift in the importance of intangible assets, reducing the relevance of the traditional balance sheet. Demand from investors for sustainability reporting is on […]

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ESGSASBStandardsStructured DataSustainability

SASB Aim for Structured Reporting Using XBRL

By Editor

As we heard at Data Amplified 2019, the Sustainability Accounting Standards Board (SASB) believe that structured data and standards are crucial to effective sustainability disclosure. To make digital sustainability reporting as simple as possible for issuers, and to make data aggregation and analytics as convenient and effective as possible for investors, SASB are working to develop […]

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BankingISO20022PaymentsStandards

The Case for ISO 20022

By Editor

Major central banks are set to switch their payments systems to ISO 20022 by 2025, bringing much-needed standardisation to the global payments infrastructure. Earlier this month The Banker sat down with Saqib Sheikh, SWIFT’s global head of ISO 20022 programme, to outline why the migration to ISO 20022 is so important for the banking industry. […]

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AccountingIFRSLIBORStandards

IFRS Standards Amended in Response to IBOR

By Editor

After an accelerated response period, the IASB have finalised the proposed changes to the IFRS standards in advance of the move away from discredited interest rate benchmarks such as LIBOR. The changes amend some of the requirements for hedge accounting to ensure companies can still report useful information during the period of uncertainty caused by […]

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AccountingIASBStandards

What’s Next for Accounting Standards?

By Editor

At the World Standard-setters Conference in London last week Chair of the International Accounting Standards Board (IASB) Hans Hoogervorst gave some insights into the areas the IASB will be looking to make progress on in 2020. So what’s on the agenda? A recent focus for the IASB has been improving how effectively financial statements communicate. […]

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StandardsSustainabilityTCFD

Effective Climate Change Disclosure is Key

By Editor

Mark Carney, Governor of the Bank of England, recently gave a speech on sustainable finance at the United Nations Climate Action Summit highlighting the need for effective climate disclosure to build a sustainable financial system. Carney sees the initiatives and innovations of the private sector as key to underpinning the work of governmental climate policy, […]

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Data AmplifiedMunicipalStandardsUS

Hear Why Local Government Reporting Needs Reform

By Editor

At next month’s Data Amplified conference, hear from Marc Joffe, the leading advocate for the modernisation of local government reporting in the United States. Hear how the use of structured data will improve decision making within government and the credit rating process, leading to improved bond programs for funding infrastructure in that country. With an […]

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FASBLIBORStandards

FASB Proposes Update to Ease LIBOR Transition

By Editor

With global markets expected to move away from discredited interbank offered rates such as LIBOR by 2022, the Financial Accounting Standards Board (FASB) have issued a proposed Accounting Standards Update (ASU). The update is designed to provide temporary and optional accounting relief that should ease the extra burden associated with accounting for contracts affected by […]

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GoodwillIASBStandards

How to Report Goodwill?

By Editor

Want to know more about the key issues surrounding goodwill impairment currently being weighed up by standard setters? Calcbench and Valuation Research Corporation (VRC) have recently collaborated on a video taking a deep dive into this important topic. Goodwill is an accounting value recorded when a company acquires another company, measuring the value of intangible […]

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comparabilityIFRSReportingStandards

IFRS Webinar Examines Comparability

By Editor

The International Financial Reporting Standards (IFRS) Foundation has published a webinar on improving the comparability of international financial reporting. Standards aim to promote accountability, transparency and efficiency in financial markets around the world – and one key way they do that is through facilitating the comparison of reports. Comparable financial reporting leads to better analysis […]

Items tagged with "Standards"

Change in the wind? Recent speeches signal IASB shift

SASB Aim for Structured Reporting Using XBRL

The Case for ISO 20022

IFRS Standards Amended in Response to IBOR

What’s Next for Accounting Standards?

Effective Climate Change Disclosure is Key

Hear Why Local Government Reporting Needs Reform

FASB Proposes Update to Ease LIBOR Transition

How to Report Goodwill?

IFRS Webinar Examines Comparability

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Standards

Items tagged with "Standards"

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