Learn about changes in accounting principles and why businesses make them, as well as the reporting and recording ...

In August, the International Swaps and Derivatives Association said the DRM model “has the potential to make significant progress in better aligning accounting with actual risk management”. DRM models ...

The International Financial Reporting Standards Foundation formally launched the International Sustainability Standards Board on Wednesday and announced plans to consolidate the Value Reporting ...

The new accounting model would reflect how financial institutions manage interest rate risks in their portfolios.

The recent introduction of Vietnamese IFRS sustainability terminology aligns Vietnam's accounting practices with global ...

MUMBAI, Jan 20 (Reuters) - The benefits of Indian banks' switching to the International Financial Reporting Standards (IFRS) accounting rules will outweigh any short-term impact on capital levels and ...

With the emergence of International Financial Reporting Standards (IFRS), most discussion of the proposed convergence of U.S. generally accepted accounting principles, or GAAP, and IFRS standards has ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Accounting principles help hold a company’s financial ...

In accounting, a principles-based on approach is the most popular accounting method globally because it is usually better to adjust accounting principles to a company's transactions, rather than ...

This article explains the approach taken by the IASB and reflects on the alignment approach adopted by the board. This article will be followed with two more articles in the same series on the third ...