The new international accounting standard is aimed at more consistent reporting that’s better aligned with how businesses are ...

Certain topics have been removed from the standard, including earnings per share, interim financial reporting.

Most listed companies present adjusted numbers — adjusted EBITDA, underlying profit, core earnings — to show what they ...

You can save this article by registering for free here. Or sign-in if you have an account. By Jan. 1, 2011, small and medium Canadian companies will have to decide what standard to use in reporting ...

International Financial Reporting Standards (IFRS) are destined to be the lingua franca of the international accounting world. Approximately 100 countries already require, allow or are in the process ...

IFRS 17 means the insurance industry is facing yet another round of regulation. As ever, legislative change will mean investment – both in terms of time and finance, as well as potential disruption to ...

GAAP reports in detailed, precise formats; IFRS allows flexible, principle-based reporting. GAAP does not permit asset value recovery post-impairment; IFRS allows revaluation. IFRS does not mandate ...

As a direct consequence of the new International Financial Reporting Standards (IFRS), all companies that lease property to operate their businesses will see a significant increase in reported assets ...