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Encyclopedia results for International Accounting Standards Board

International Accounting Standards Board





Encyclopedia results for International Accounting Standards Board

  1. International Accounting Standards Board

    The International Accounting Standards Board IASB is the independent, accounting standard setting body ... is the parent entity of the International Accounting Standards Board IASB , an independent accounting ... Reporting Standards international accounting standards . Members The IASB has 15 Board members, each ... Accounting Standards Board eo Internacia Komisiono pri Kontadaj Normoj fr International Accounting Standards Board ko it International Accounting Standards Board nl International Accounting Standards Board ja pt International Accounting Standards Board ro International Accounting Standards Board ru sv International Accounting Standards Board vi H i ng Chu n m c K to n Qu c t ... was founded on April 1, 2001 as the successor to the International Accounting Standards Committee IASC . It is responsible for developing International Financial Reporting Standards the new name for International Accounting Standards issued after 2001 , and promoting the use and application of these standards. Foundation On January 25, 2001, the International Accounting Standards Foundation IASF ... Dr Elke K nig Germany Patricia McConnell international accounting standards Patricia McConnell , USA ... e.php Accounting Standards Board of Japan http www.aasb.com.au Australian Accounting Standards Board http www.asb.co.za Accounting Standards Board South Africa http www.asrb.co.nz Accounting Standards Review Board NZ http www.fasab.gov Federal Accounting Standards Advisory Board US http www.fasb.org Financial Accounting Standards Board US http www.masb.org.my Malaysian Accounting Standards Board http www.frc.org.uk asb index.cfm The Accounting Standards Board Limited UK http www.ifac.org PublicSector International Public Sector Accounting Standards Board US http www.audit.org.ir Iranian accounting standards board http www.asc.gov.sg Singapore Accounting Standards Council Discussions http ...   more details



  1. International Accounting Education Standards Board

    The International Accounting Education Standards Board IAESB is an independent organisation within the fold of the International Federation of Accountants IFAC . The board develops guidance to improve standards of education in accountancy. The two main areas of focus are the key elements of accreditation ... web.ifac.org publications international accounting education standards board title International Accounting Education Standards Board publisher IFAC accessdate 2010 06 07 ref The board also sponsors studies or papers about accounting education that promote discussion and debate on accounting education and development issues. ref cite web url http www.cica.ca become a ca international accounting education standards index.aspx title International Accounting Education Standards publisher Canadian Institute of Chartered Accountants accessdate 2010 06 07 ref Organization Members of the board may ... title International Accounting and Auditing Standards publisher World Bank accessdate 2010 06 07 ref Publications In January 2010 the IAESB released its Framework for International Education Standards for Professional Accountants. This paper defines the underlying educational concepts of the IAESB standards, describes the IAESB publications, and affirms the obligations of IFAC member bodies relating to accounting education. ref cite journal url http www.cfoinnovation.com content ifac releases new framework drafting conventions enhance clarity its standards title IFAC Releases New Framework, Drafting Conventions to Enhance Clarity of its Standards journal CFO Innovation Asis date 04 January 2010 accessdate 2010 06 07 ref The IAESB periodically updates standards. In March 2010 the IAESB ... be nominated by member bodies, the TAC, other organizations and the general public. The International Association for Accounting Education & Research IAAER has an observer of the board. ref cite web ... Interest Oversight Board PIOB . ref cite web url http web.worldbank.org WBSITE EXTERNAL PROJECTS ...   more details



  1. Australian Accounting Standards Board

    Standards and br b Tier 2 Australian Accounting Standards Reduced Disclosure Requirements. Tier 1 requirements incorporate International Financial Reporting Standards IFRSs , including Interpretations, issued by the International Accounting Standards Board IASB , with the addition of paragraphs ... Accounting Standards IPSASs , as issued by the International Public Sector Accounting Standards Board ... Reporting Council FRC to adopt International Accounting Standards Board IASB standards for financial ... Standards Board http www.ifac.org PublicSector International Public Sector Accounting Standards Board ...The Australian Accounting Standards Board AASB is an Australia n Government agency that develops and maintains ... of Australian Accounting Standards AASs , which was applicable to entities not regulated under the Corporations Law, was issued by the former AASB and the Public Sector Accounting Standards Board PSASB ... issued by the International Accounting Standards Committee IASC , which was the predecessor to the IASB ... See also Accounting Professional & Ethical Standards Board External links http www.aasb.gov.au Australian Accounting Standards Board http www.asic.gov.au Australian Securities and Investments ... and creditors. The AASB uses a conceptual framework to develop and evaluate accounting standards. The AASB makes Australian Accounting Standards, including Interpretations, to be applied by br a entities ... Accounting Standards establishes a differential reporting framework consisting of two tiers of reporting ... requirements in comparison with Tier 1. Australian Accounting Standards also include requirements that are specific to Australian entities. These requirements may be located in Australian Accounting Standards that incorporate IFRSs or in other Australian Accounting Standards. In most instances, these requirements ... by the AASB are labeled AASB Accounting Standards their application paragraphs specify the types ... to apply Australian Accounting Standards when preparing their financial statements. Some public ...   more details



  1. Accounting Standards Board

    mergeto Financial Reporting Council date May 2011 discuss Talk Financial Reporting Council Merger proposal The role of the Accounting Standards Board ASB is to issue accounting standards in the United Kingdom . It is recognised for that purpose under the Companies Act 1985 . It took over the task of setting accounting standards from the Accounting Standards Committee ASC in 1990. The ASB is part of the Financial Reporting Council . In Canada, primary GAAP and other principles are established by Accounting Standards Board AcSB , an independent body funded by the CICA. List of accountancy bodies External links http www.frc.org.uk asb Accounting Standard Board Home page Category Accounting in the United Kingdom Category Accounting organizations sv Accounting Standards Board ...   more details



  1. Governmental Accounting Standards Board

    The Governmental Accounting Standards Board GASB is currently the source of generally accepted accounting principles US GAAP GAAP used by State and Local governments in the United States of America . As with most of the entities involved in creating GAAP in the United States, it is a private, non governmental organization. The GASB is subject to oversight by the Financial Accounting Foundation FAF , which selects the members of the GASB and the Financial Accounting Standards Board , and funds both organizations. The mission of the Governmental Accounting Standards Board is to establish and improve standards of state and local governmental accounting and financial reporting that will result in useful information for users of financial reports and guide and educate the public, including issuers, auditors, and users of those financial reports. The GASB has issued Timeline of Governmental Accounting Standards US Governmental Accounting Standards Board Statements , Interpretations , Technical Bulletins , and Concept Statements defining GAAP for state and local governments since 1984. GAAP for the Federal government is defined by the Federal Accounting Standards Advisory Board . See also List of GASB Statements External links http www.gasb.org GASB Official Website http benefitslink.com pr detail.php?id 42852 GASB 45 for the Masses Tips for Small Employers to Comply with GASB 45 Category Accounting organizations Category Self regulatory organizations Category Accounting in the United States ...   more details



  1. Financial Accounting Standards Board

    for the development of accounting standards in the United States. Norwalk Agreement main Norwalk Agreement FASB is pursuing a convergence project with the International Accounting Standards Board IASB and International Financial Reporting Standards IFRS . On Sept. 18, 2002, in Norwalk, Connecticut , FASB and IASB met and issued a Memorandum of Understanding . ref Financial Accounting Standards Board and International Accounting Standards Board 2002 . http www.fasb.org news memorandum.pdf Memorandum ... Mark to Market Fair Value Accounting Related associations International Accounting Standards Board ...Infobox Non profit Non profit name Financial Accounting Standards Board Non profit logo Non profit type ... Accounting Standards Board FASB is a private, not for profit organization whose primary purpose ... of financial information. ref name FASB Facts Financial Accounting Standards Board 2007 . http www.fasb.org ... through standard setting. Promote international convergence of accounting standards concurrent ... the members of the FASB and the Governmental Accounting Standards Board and funds both organizations ... U.S. GAAP into a consistent, searchable format. ref Financial Accounting Standards Board 2009 ... Materiality References reflist See also International Public Sector Accounting Standards International ... Board fa fr Financial Accounting Standards Board pt Financial Accounting Standards Board ... designated the FASB as the organization responsible for setting accounting standards for public companies ... . Mission statement The FASB s mission is to establish and improve standards of financial accounting ... has legal authority to establish financial accounting and reporting standards for publicly held .... Before the present structure was created, financial accounting and reporting standards ... Public Accountants 1936 1959 and then by the Accounting Principles Board , also a part of the AICPA ... Creation of the Codification On July 1, 2009, the FASB announced the launch of its Accounting Standards ...   more details



  1. Accounting Standards Review Board

    Accounting Standards Review Board ASRB is a body set up to review and approve financial reporting standards in New Zealand . It was formed by the Financial Reporting Act of 1993 ASRB can have between four to seven members . The Governor General of New Zealand on the recommendation of the Minister of Commerce appoints the members by virtue of their knowledge and experience in law, finance , business , economics and accounting. External links http www.asrb.co.nz ASRB official site NZ crown entities Independent crown entities Category Accounting in New Zealand accounting stub Category Accounting organizations Category New Zealand independent crown entities ...   more details



  1. International Accounting Standards Committee

    Use dmy dates date April 2011 International Accounting Standards Committee was founded in June 1973 in London and replaced by the International Accounting Standards Board on April 1, 2001. It was responsible for developing the International Accounting Standards and promoting the use and application of these standards. The IASC was founded as a result of an agreement between accountancy bodies in the following ... Website References reflist 2 Template International Financial Reporting Standards Category Accounting organizations de International Accounting Standards Committee fr International Accounting Standards Committee id Komite Standar Akuntansi Internasional nl International Accounting Standards Committee ja pl Komitet Mi dzynarodowych Standard w Rachunkowo ci pt International Accounting Standards Committee ru ... Experts Comptable et des Comptables Agrees Order of Accounting Experts and Qualified Accountants Germany ... Institute of Public Accountants removed from the board in 1987 due to non payment of dues resumed in 1995 ... became an associate member in 1976 and a member of the board from 1978 to 1987. ref name Camfferman ... South Africa became an associate member in 1974 and joined the board in 1978. In 1995 the South Africans began sharing their representation on the board with the Institute of Chartered Accountants of Zimbabwe ... joined the IASC board in 1983 and remained until 1995. ref name Camfferman and Zeff, 2007 The National ... East Asia, after Japan, represented on the IASC Board. ref name Camfferman and Zeff, 2007 The Institute ... of India ICAI became an associate member in 1974 and joined the board in 1993. In 1995, India ... of Accountants , and was a member of the board from 1995 2000. ref name Camfferman and Zeff, 2007 ... in participating . ref name Camfferman and Zeff, 2007 A Jordanina delegation served on the Board ..., Bryan Carsberg Sir Bryan Carsberg , former Professor of Accounting and Business Finance at the Victoria ...   more details



  1. International Standards of Accounting and Reporting

    Wikify date November 2011 Orphan date February 2009 The Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting ISAR was created by the United Nations Economic and Social Council ECOSOC in 1982, and is the only intergovernmental expert body focused on corporate transparency and accounting issues. http www.unctad.org Templates Page.asp?intItemID 2905&lang 1 Hosted by United Nations Conference on Trade and Development , ISAR s work covers a range of financial and non financial corporate reporting issues. Its mission is to support sustainable economic development and financial stability by contributing to improvements in corporate transparency. Meetings UNCTAD hosts the annual session of ISAR at the United Nations headquarters in Geneva. Several hundred experts from more than half of UN member States participate in the annual session in Geneva. Participants include policymakers, regulators, and representatives from academia, civil society, private industry and various national, regional and international accountancy organizations. http www.unctad.org Templates Page.asp?intItemID 4172&lang 1 Reports and publications The ISAR Group of Experts produces a number of research and voluntary guidance documents. Each year, UNCTAD publishes ISAR s latest research papers in the annual review International Accounting and Reporting Issues . http www.unctad.org Templates Page.asp?intItemID 3912&lang 1 The work of ISAR is freely available for download from the UNCTAD website. http www.unctad.org isar The research and guidance documents are also widely distributed through on the ground workshops and training programmes around the world. Voluntary guidance publications include 2008 Guidance on Corporate Responsibility Indicators in Annual Reports http ... Disclosure http www.unctad.org en docs iteteb20063 en.pdf 2003 Accounting and Financial Reporting Guidelines ... iteteb20036 en.pdf United Nations Category Development Category International trade Category International ...   more details



  1. Federal Accounting Standards Advisory Board

    Infobox Government agency agency name Federal Accounting Standards Advisory Board nativename nativename a nativename r logo US FASAB Logo.svg logo width 160px logo caption seal seal width seal caption formed October 1990 preceding1 preceding2 dissolved superseding jurisdiction headquarters Washington, DC employees budget minister1 name minister1 pfo minister2 name minister2 pfo chief1 name Tom L. Allen chief1 position Chairman chief2 name Wendy Payne chief2 position Executive Director parent agency child1 agency child2 agency website http www.fasab.gov footnotes The Federal Accounting Standards Advisory Board FASAB is a United States federal advisory committee whose mission is to develop U.S. generally accepted accounting principles generally accepted accounting principles GAAP for federal financial reporting entities. The Chief Financial Officers Act of 1990 required annual, audited financial statements for the United States Government and its component entities, referred to as federal reporting entities. In order to apply the statues of the CFO Act of 1990, the United States Secretary of the Treasury Secretary of the Treasury , the Director of the United States Office of Management ... General established FASAB to develop the applicable accounting principles for the newly required financial statements. The AICPA Council designated FASAB as the body that establishes accounting principles for federal entities. The AICPA s hierarchy of generally accepted accounting principles in Statement of Auditing Standards SAS No. 91, The Federal GAAP Hierarchy, governs what constitutes GAAP ... should look to for accounting and reporting guidance. FASAB issues the Statement of Federal Financial Accounting Standards SFFAS . External links cite web title Federal Accounting Standards Advisory Board url http www.fasab.gov accessdate 2006 03 22 Category United States federal boards, commissions, and committees Category Accounting in the United States Category Accounting organizations ...   more details



  1. Accounting Professional & Ethical Standards Board

    Infobox organization name Accounting Professional & Ethical Standards Board bgcolor fgcolor image APESB logo.jpg image border size alt caption map msize malt mcaption abbreviation motto formation February 2006 extinction type status purpose Develop and promote ethical standards for accountants headquarters location coords region served membership language English leader title leader name main organ parent organization affiliations num staff num volunteers budget website http www.apesb.org.au remarks The Accounting Professional & Ethical Standards Board APESB is an Australia n organization that defines a code of professional conduct which members of the three professional accounting bodies in Australia are required to follow. ref name APESBglance Organization and mandate The APESB was established by CPA Australia and the Institute of Chartered Accountants in Australia in February 2006, and later that year the National Institute of Accountants now called the Institute of Public Accountants became the third member of the APESB. The three organizations jointly fund the APESB. ref cite web ... for Professional Accountants was based on the code issued by the International Ethics Standards Board ... 2011 06 08 ref The APESB contributes to development of international standards through submissions to the IESBA. ref name APESBglance Activities APESB periodically introduces new or revised standards ... 2011 06 08 ref Relationship to other standards The standards issued by APESB are consistent with standards issued by the International Federation of Accountants IFAC , originally tailored to the Australian ... Act 2001. ref cite web url http icaa.org.au Industry Topics Ethical and professional standards ... web url http www.charteredaccountants.com.au Industry Topics Ethical and professional standards Current ... http charteredaccountants.com.au Industry Topics Ethical and professional standards Current issues ... ref Category Accounting organizations Category Accounting in Australia ...   more details



  1. International Public Sector Accounting Standards

    by IPSASB International Federation of Accountants International Public Sector Accounting Standards Board International Public Sector Accounting Standards Board , an independent organ of IFAC International ... Union EU , International Accounting Standards Board IASB , International Monetary Fund IMF ... on the International Financial Reporting Standards IFRS , formerly known as IAS. IFRS are issued by the International Accounting Standards Board IASB . IPSASB adapts IFRS to a public sector context ...International Public Sector Accounting Standards IPSAS are a set of accounting standards issued by the IPSAS .... These standards are based on International Financial Reporting Standards IFRS issued by the International Accounting Standards Board IASB . Objective IPSAS aims to improve the quality of general ... accounting standards with international standards. Costa Rica Government of Costa Rica mandated ... and other reform includes IPSAS. India The Government Accounting Standards Advisory Board is in favor ... Institute of Accountants and the Malaysian Accounting Standards Board to draw up the transition roadmap ... international accounting standards for the public sector. Based on this law, the government issued ... Public Sector Accounting Standards Board IPSASB http www.deloitte.nl ipsas Converting to IPSAS ... Public Sector Accounting Standards fr International Public Sector Accounting Standards .... Scope IPSAS are accounting standards for application by national governments, regional e.g. ... standard standards on the accrual basis of accounting and one standard on the Cash basis versus ... 05 fold31069 WFP ref WFP adopted all standards issued by the International Federation of Accountants IPSAS Board including several standards prior to their effective date. PNUD Adoption in progress ... consider that it is not worth the very real costs. United States of America Applies accounting standards ... to develop public sector accounting standards that are harmonized with accrual accounting IPSAS. Armenia ...   more details



  1. International Auditing and Assurance Standards Board

    The International Auditing and Assurance Standards Board IAASB is the independent standard setting body which issue auditing , review, other assurance related services and quality control standards to be applied by the global auditing profession. ref http www.ifac.org IAASB Official website of the International Federation of Accountants, IAASB ref It is a body initiated by the International Federation of Accountants IFAC . The Public Interest Oversight Board provides oversight of the IAASB, ensuring that the standards are in the public interest. ref cite web url http www.ifac.org About PIOB.php title Public Interest Oversight Board publisher IFAC accessdate 2011 06 07 ref The IAASB issues the International Standards on Auditing , professional standards for the performance of audit s of financial information. External links http www.ifac.org IFAC Represents 2 500 000 accountants in 120 countries http www.nzica.com AM Template.cfm?Section Standards and Guidance&Template CM HTMLDisplay.cfm&ContentID 18262 List of the Standards ISAs http www.ifac.org Store Category.tmpl?Category Auditing 2C 20Assurance 20 26 20Related 20Services List of the Standards ISAs ifac.org http www.INTOSAI.org www.INTOSAI.org Institution for public sector audit standards References reflist Category Accounting organizations Category Auditing Category Auditing standards Category Standards Category International standards fr F C3 A9d C3 A9ration Internationale des Comptables L.27 International Auditing and Assurance Standards Board .28IAASB.29 ru zh ru ...   more details



  1. International Ethics Standards Board for Accountants

    Infobox organization name International Ethics Standards Board for Accountants bgcolor fgcolor image ... Standards Board for Accountants Convergence Program date February 2010 publisher Accounting Professional & Ethical Standards Board accessdate 2011 06 08 ref Such convergence is of considerable importance ... en technical ethics icaew code of ethics international ethics standards board for accountants iesba title International Ethics Standards Board for Accountants IESBA accessdate 2011 06 08 publisher ICEAW ref Category Member bodies of the International Federation of Accountants Category Accounting ... Directive. ref name ICAEW Convergence of international and national ethical standards is a high priority ... such as International Financial Reporting Standards IFAC . ref cite web url http www.apesb.org.au ... purpose Develop and promote ethical standards for accountants headquarters location coords region served membership language English leader title leader name main organ parent organization International Federation of Accountants affiliations num staff num volunteers budget website remarks The International Ethics Standards Board for Accountants IESBA develops and promotes ethical standards and guidance for professional accountants. The IEASB also supports debate on issues related to accounting ethics . ref cite web url http www.ifac.org Ethics publisher IFAC title International Ethics Standards Board for Accountants accessdate 2011 06 07 ref Organization The IESBA is an independent standard setting body under the auspices of International Federation of Accountants IFAC . ref cite web url http www.cpaaustralia.com.au cps rde xchg cpa site hs.xsl about leadership international standards.html publisher CPA Australia title Setting international standards accessdate 2011 06 07 ref The Public Interest Oversight Board provides oversight, ensuring the IESBA standards are in the public interest. ref cite web url http www.ifac.org About PIOB.php title Public Interest Oversight Board publisher ...   more details



  1. Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting

    The ISAR working group is hosted by the United Nations Conference on Trade and Development UNCTAD . ISAR was created in 1982 by the United Nations Economic and Social Council ECOSOC . ref ECOSOC resolution 1982 67 ref The mission of ISAR is to facilitate investment, development and economic stability by promoting good practices in corporate transparency and accounting. Annual sessions The Working Group holds its annual sessions at the United Nations Office at Geneva , Switzerland . The annual sessions involve several hundred delegates from more than half of UN member States. Areas of work ISAR is focused on a number of areas of financial and non financial corporate reporting, including Implementation of International Financial Reporting Standards IFRS Accounting by Small and medium enterprises Small and Medium sized Enterprises SMEs Corporate governance disclosure Corporate social responsibility Corporate responsibility reporting Environmental accounting and reporting External links http www.unctad.org isar References references Category International trade Category Accounting organizations ...   more details



  1. Convergence of accounting standards

    Accounting Standards Committee International Accounting Standards Committee IASC , the predecessor to the International Accounting Standards Board International Accounting Standards Board IASB ... sunder Overview The international convergence of accounting standards refers to the goal of establishing a single set of high quality accounting standards to be used internationally, and the efforts of standard setters, particularly the Financial Accounting Standards Board Financial Accounting Standards Board FASB and the International Accounting Standards Board International Accounting Standards ... that convergence of accounting standards would contribute to the flow of international investment ... of Accounting Standards A Brief History . Retrieved on April 30, 2012. ref At the 8th International ..., many participants expressed the need for the development of accounting standards on an international ...Accounting The convergence of accounting standards refers to the goal of establishing a single set of accounting ... between the US GAAP US Generally Accepted Accounting Principles US GAAP , and the International Financial Reporting Standards International Financial Reporting Standards IFRS . ref name fasboverview ... Convergence of Accounting Standards Overview . Retrieved on April 27, 2012. ref Convergence in some ... that aim to reduce the differences between accounting standards. ref name aicpa08 Convergence is driven ... the amendment of one of the boards standards to better align them with the other board s, jointly ..., a survey conducted by the International Federation of Accountants found that 89 of accounting profession ... proposed steps to achieve convergence of accounting standards has been criticised by various individuals ... Rules Based Accounting Standards The Influence of Standard Precision and Audit Committee Strength ... cpajournal 2004 804 essentials p34.htm Defining Principles Based Accounting Standards . Retrieved ... the various accounting standards used internationally. ref name fasbhistory FASB. http www.fasb.org ...   more details



  1. Indian Accounting Standards

    Confusing date February 2011 expert subject Business date February 2011 Accounting Indian Accounting Standards , abbreviated as Ind AS are a set of accounting standards notified by the Ministry of Corporate Affairs India Ministry of Corporate Affairs which are converged with International Financial Reporting Standards IFRS . These accounting standards are formulated by Accounting Standards Board of Institute of Chartered Accountants of India . Now India will have two sets of accounting standards viz. existing accounting standards under Companies Accounting Standard Rules, 2006 and IFRS converged Indian Accounting Standards Ind AS . The Ind AS are named and numbered in the same way as the corresponding ... of Corporate Affairs . The Ministry of Corporate Affairs has to spell out the accounting standards applicable ... Affairs notified 35 Indian Accounting Standards Ind AS . But it has not notified the date of implementation of the same. ref cite web title Indian Accounting Standards Converged with IFRS Notified ... Indian accounting standards with IFRS. Thereafter ICAI has decided to Convergence of accounting standards converge its Accounting Standards with IFRS for accounting period s commencing on or after 1 ... of convergence with the National Advisory Committee on Accounting Standards and various regulators ... that there shall be two sets of Accounting Standards under the Companies Act. The new set of standards which have been converged with IFRS are now known as Indian Accounting Standards or Ind AS . The Ministry ... Govt notifies 35 accounting standards in line with IFRS url http www.business standard.com india news govt notifies 35 accounting standards in lineifrs 127075 on accessdate 26 February 2011 newspaper ... of Corporate Affairs portal. ref cite web title 35 Indian Accounting Standards Ind AS url http mca.gov.in ... of Indian Accounting Standards Ind AS 102 Share based Payment Ind AS 103 Business Combinations ... Ind AS 40 Investment Property div col end See also International Financial Reporting Standards ...   more details



  1. Chinese accounting standards

    , one using Chinese accounting standards China GAAP , one using international standards IFRS , and one using U.S. generally accepted accounting principles North American GAAP standards US GAAP ...Chinese accounting standards are the accounting rules used in People s Republic of China Chinese state owned corporations in mainland China . They are currently being phased out in favour of generally accepted accounting principles or International Accounting Standards . As of February 2010, the Chinese accounting standard systems is composed of Basic Standard, 38 specific standards and application guidance. Chinese accounting standards are unique because they originated in a socialist period in which the state was the sole owner of industry. Therefore unlike Western accounting standards, they are less ... balance sheet , Chinese accounting standards do not include an accounting of the debt s that a corporation holds, and are less suitable for management control than for accounting for tax purposes. This system of accounting is widely considered to be unsuitable for managing corporations in a market economy . As a result, Chinese corporations are gradually moving toward International Financial Reporting Standards . This has proven to be a massive undertaking. As a consequence Chinese companies ... Issuers of Financial Statements Prepared in Accordance With International Financial Reporting Standards ... years, The Finance Department of Chinese Government has issued new Chinese Accounting Standards ... reflist External links http www.chinaorbit.com china economy chinese accounting standards.html China China Accounting Standards Economy of the People s Republic of China Category Accounting in China Category Generally Accepted Accounting Principles zh Presentation by Director General of Accounting Regulatory Department, Ministry of Finance, February 8, 2010 http ec.europa.eu internal market accounting docs conference20100208 presentation liu en.pdf ...   more details



  1. Accounting Standards Codification

    accounting stub In US accounting practices, codification is the current single source of United States Generally Accepted Accounting Principles GAAP . FASB Accounting Standards Codification The codification is effective for interim and annual periods ending after September 15, 2009. All existing accounting standards documents are superseded as described in FASB Statement No. 168, The FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles. All other accounting literature not included in the Codification is nonauthoritative. The Codification reorganizes the thousands of U.S. GAAP pronouncements into roughly 90 accounting topics and displays all topics using a consistent structure. It also includes relevant U.S. Securities and Exchange Commission SEC , guidance that follows the same topical structure in separate sections in the Codification. To prepare constituents for the change, the FASB has provided a number of tools and training resources. ref Financial Accounting Standards Board. http www.fasb.org cs ContentServer?c FASBContent C&pagename FASB FASBContent C NewsPage&cid 1176156318458 News Release, 07 01 09 . ref While the Codification does not change GAAP, it introduces a new structure one that is organized in an easily accessible, user friendly online research system. The FASB expects that the new system will reduce the amount of time and effort required to research an accounting issue, mitigate the risk of noncompliance with standards through improved usability of the literature, provide accurate information with real time updates as new standards are released, and assist the FASB with the research efforts required during the standard setting process. References reflist External links http www.amlegal.com American Legal Publishing Corporation Category Generally Accepted Accounting Principles ...   more details



  1. Cost Accounting Standards

    Accounting Standards Board CASB to 1 promulgate cost accounting standards designed to achieve uniformity and consistency in the cost accounting principles followed by defense contractors and subcontractors ...Cost Accounting Standards popularly known as CAS are a set of 19 standards and rules promulgated by the United ... accounting standards. After adopting 19 standards, the original CASB was dissolved on September 30, 1980 the standards, though, remained active. However, CASB was revived in 1988 within the Office of Federal ... and subcontractors, as a condition of contracting, to disclose in writing their cost accounting ..., and the private sector. The Standards The original CASB adopted 19 standards, numbered 401 through 420 419 was never assigned . The new CASB readopted the original 19 standards with only minor modifications, and has yet to adopt any new standards. class wikitable Standard Title valign top 401 ... Assets 405 Accounting for Unallowable Costs 406 Cost Accounting Period 407 Use of Standard Costs for Direct Material and Direct Labor 408 Accounting for Costs of Compensated Personal Absence ... Expenses to Final Cost Objectives 411 Accounting for Acquisition Costs of Material 412 Composition ... as an Element of the Cost of Facilities Capital 415 Accounting for the Cost of Deferred Compensation 416 Accounting for Insurance Cost 417 Cost of Money as an Element of the Cost of Capital Assets Under Construction 418 Allocation of Direct and Indirect Costs 419 unused 420 Accounting for Independent ... may be subject to full CAS coverage required to follow all 19 standards , modified CAS coverage required to follow only Standards 401, 402, 405, and 406 , or be exempt from coverage. However, a company ... covered contracts totalling US 50 million. In addition to complying with all 19 standards where applicable , the company must also file a CAS Disclosure Statement, which spells out the company s accounting ... from CAS standards Contracts awarded to small businesses are exempt from CAS, regardless of contract ...   more details



  1. Hong Kong Accounting Standards

    The Hong Kong Accounting Standards , or HKAS for short, formerly HKSSAP ,is a set of accounting standards issued by the Hong Kong Institute of Certified Public Accountants . Details HKAS 1 Presentation of Financial statement Financial Statement s HKAS 2 Inventories HKAS 7 Cash flow statement s HKAS 8 Accounting Policies, Changes in Accounting Estimates HKAS 10 Events after the Balance Sheet Date HKAS 11 Construction contracts HKAS 12 Income tax es HKAS 14 Segment reporting HKAS 16 Property , Plant and Equipment HKAS 17 Lease s HKAS 18 Revenue HKAS 19 Employee benefits HKAS 20 Accounting for government grants and disclosure of government assistance HKAS 21 The Effects of Changes in Foreign exchange rate Foreign Exchange Rate s HKAS 23 Borrowing Costs HKAS 24 Related Party Disclosures HKAS 26 Accounting and Reporting by Retirement Benefit Plans HKAS 27 Consolidated and Separate Financial Statements HKAS 28 Investments in Associates HKAS 29 Financial Reporting in Hyperinflationary Economies HKAS 30 Disclosures in the Financial Statements of Banks and Similar Financial Institutions HKAS 31 Investments in Joint Ventures HKAS 32 Financial instrument Financial Instrument s Disclosure and Presentation HKAS 33 Earnings per share Earnings Per Share HKAS 34 Interim Financial Reporting HKAS 36 Impairment of Assets HKAS 37 Provisions, contingent liabilities and contingent assets HKAS 38 Intangible asset Intangible Asset s HKAS 39 Financial Instruments Recognition and Measurement HKAS 40 Investment Property HKAS 41 Agriculture See also International Financial Reporting Standards References http www.hkicpa.org.hk ebook main.php HKICPA e Handbook System Category Accounting in Hong Kong ...   more details



  1. Financial Reporting Standards Board

    Orphan date February 2009 Financial Reporting Standards Board FRSB is a board of New Zealand Institute of Chartered Accountants . Its objective is to develop, revise and maintain definite accounting standards and providing guidance through research bulletins or technical practice aids in all aspects of financial reporting. FRSB forwards new accounting standards to the Accounting Standards Review Board ASRB for approval. It also works with the International Accounting Standards Board IASB . External links http www.nzica.com NavigationMenu StandardsPolicy FinancialReportingStandards FRSBCommunications FRSBDevelopments default.htm Financial Reporting Standards Board Developments Category Accounting in New Zealand Category Accounting organizations accounting stub NZ org stub ...   more details



  1. Accounting Principles Board

    in 1959 and issued pronouncements on accounting principles until 1973, when it was replaced by the Financial Accounting Standards Board FASB . The APB was disbanded in the hopes that the smaller, fully independent FASB could more effectively create accounting standards. The APB and the related ...The Accounting Principles Board APB is the former authoritative body of the American Institute of Certified .... ref name marketing cite journal title The marketing of accounting standards last Horngren first ... journal title Some general and specific thoughts on the accounting environment author John C. Burton ... of significant areas of accounting. Many have been superseded by FASB pronouncements 19 opinions still stand as part of generally accepted accounting principles ref name ultimate cite book title The Ultimate ... 1 Opinion Number Subject Description style width 120px Date Issued 2 Accounting for the Investment Credit Discusses the Revenue Act of 1962 and provides accounting standards for the investment credit. December 1962 4 Accounting for the Investment Credit Clarifies whether the investment credit should be considered as part of net income. March 1964 6 Status of Accounting Research Bulletins Reviewed ..., capital changes and debt. December 1967 14 Accounting for Convertible debt Convertible Debt and Debt Issued with Stock Purchase Provides authoritative guidance related to accounting and reporting ... accounting and reporting of business combinations. August 1970 17 Intangible asset Intangible Assets Provides accounting guidance for reporting goodwill and other intangible assets. August 1970 18 The Equity method Equity Method of Accounting for Investments in Common Stock Provides guidance for determining when the equity method should be applied to common stock. March 1971 20 Accounting Changes Defines various types of accounting changes and establishes guidelines for determining the appropriate ... interest should be applied to receivables and payables. August 1971 22 Disclosure of Accounting Policies ...   more details



  1. Auditing Standards Board

    Onesource date February 2008 In the United States , the Auditing Standards Board ASB is the senior technical ... performing audits and attestations. ref name Creation ASB Creation of the Auditing Standards Board, AICPA Operating Policies Appendix A, pg. 17, par. 2 6 ref History Prior auditing standards and authorities ... Reserve Board , it issued a series of pamphlets to the accounting community in regard to preparing ... of the Auditing Standards Board, and was the first to issue Statements on auditing standards and principles to the public accounting community. ref name Verification ASP In 1941 it issued a pamphlet titled ... established the Auditing Standards Board as the maximum authoritative body in establishing GAAS, thereby ... Accounting Oversight Board PCAOB and the Securities Exchange Commission SEC now had final authority ... Zietsman Big Four Deloitte & Touche The Auditing Standards Board consists of 19 members see table for current Board members , ref http www.aicpa.org Professional Resources Accounting and Auditing Audit and Attest Standards Auditing Standards Board ASB Members.htm Auditing Standards Board Members ... its members, ref name ASB Meeting Meetings of the Auditing Standards Board AICPA Operating Policies ... Standards Board AICPA Operating Policies pg. 9, par. 1 4 ref The voting results are included ... Public Accountants Category Auditing sv Auditing Standards Board ... auditing , attestation , and quality control statements, standards and guidance to certified public ... Procedures , or SAP the antecessors of Statements on Auditing Standards , issued between 1939 up ... standards, and the Committee issued a booklet titled Generally Accepted Auditing Standards Their Significance ... all auditing pronouncements up to that date under Statements on Auditing Standards USA Statements on Auditing Standards SAS , and gave the Committee the title of senior technical committee on auditing matters while changing its name to Auditing Standards Executive Committee. From 1972 through 1978 ...   more details



  1. Ghana Standards Board

    The Ghana Standards Authority GSA is a Government of Ghana agency responsible for the maintenance of acceptable standards for product and services and sound management practices in industries and public institutions in Ghana . ref name GSA cite web title Ghana Standards Authority url http www.gsa.gov.gh site home publisher www.gsa.gov.g accessdate 16 June 2011 ref History The Ghana Standards Authority was set up in 1973 by National Redemption Council NRC Decree, 173. ref name MOD cite web title Ghana Standards Authority url http www.businessghana.com portal directory index.php?op getCompanyInfo&id 5644 publisher www.businessghana.com accessdate 16 June 2011 ref Functions The board s functions are ref name MOD to establish and promote standards for the manufacturing of high quality goods and services in Ghana. to improve the levels of standard in industry and commerce . to promote productivity and efficiency in work places to promote standards in public health , safety and welfare for consumers of various goods and services. The board uses four strategies in performing its functions namely Metrology, Standards, Testing and Quality Assurance MSTQ . The Ghana Standards Board s function in industry include the development of standards, certification of systems used in industries. It also ... standard s of the board. ref name MOD The board reviews industry conformity to regulations and calibrates weighing and measuring instruments such as fuel pumps . The board performs physical analysis of products before they can be sold. ref name cali cite web title THE NEW CHARTER GHANA STANDARDS ... 16 June 2011 ref Regional offices The board operates a decentralized system for effective monitoring and supervision, allowing it to operate at a regional level. There are five regional board offices ... Ghana Northern Regions namely Upper East, Upper West and Northern Regions. Inspection entry point The board ... 20Programme.pdf accessdate 16 June 2011 ref Tema Harbour Takoradi Harbour Kotoka International ...   more details




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