CFO News

OCTOBER 25, 2023

The Adani Group has stated that it has followed all relevant accounting standards and laws. The National Financial Reporting Authority (NFRA) has requested audit affiliates of Deloitte, EY, KPMG, Grant Thornton, and two Ahmedabad-based CA firms to provide information regarding their audit practices while auditing Adani companies.

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Accounting Standards Auditing Accounting Financial Reporting 52

CFO Dive

OCTOBER 3, 2023

The board may remove some "non-authoritative" definitions from the codification — effectively the bible of generally accepted accounting standards.

GAAP 292

GAAP Accounting Standards Accounting 292

Reval

JULY 13, 2017

accounting standard that makes it easier to account for hedges is likely to encourage more corporates to hedge. The Financial Accounting Standards Board voted last month to finalize the new hedge accounting standard, and the final standard is due out in August. Treasury & Risk.

Accounting Standards 52

Accounting Standards Accounting Treasury Compliance 52

PYMNTS

OCTOBER 18, 2019

The Financial Accounting Standards Board (FASB), which establishes accounting standards in the U.S., is offering corporates more time to adopt some revised standards, The Wall Street Journal said on Thursday (Oct. 15, 2022 to adopt CECL. 15, 2019 deadline for large public lenders has not changed.

Accounting Standards 40

Accounting Standards Accounting Nonprofit Compliance 40

CFO Dive

DECEMBER 15, 2023

standard setter has issued nine new accounting standards updates so far this year, compared to six in all of 2022.

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Accounting Standards Accounting 273

PYMNTS

OCTOBER 9, 2018

Banks and businesses alike are heading toward the 11th hour of changes in accounting standards, which will have a major impact on how companies report financial metrics and performance. Experts say the move will not go unnoticed when the accounting standards begin to take effect for public companies in 2021.

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Accounting Standards Accounting Banking Corporate Finance 61

PYMNTS

SEPTEMBER 26, 2019

The Securities and Exchange Board of India will reportedly give non-bank financial companies (NBFCs) two years to adopt and implement changes to accounting standards, the Financial Express reported Wednesday (Sept. regulators have given small businesses more time than other firms to adopt the accounting standard changes.

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Accounting Standards Accounting Economics Financial Reporting 43

PYMNTS

OCTOBER 1, 2019

have led the Financial Reporting Council (FRC) to enact more stringent accounting standards, The Guardian reported on Monday (Sept. According to reports, the FRC issued an updated going concern standard, adding “significantly stronger requirements” for U.K. More high-profile corporate collapses in the U.K.

Accounting Standards 51

Accounting Standards Accounting Auditing Communication 51

CFO Dive

JULY 17, 2023

The current expected credit losses accounting standard was aimed at fostering timelier reporting of deteriorated assets. It’s been controversial.

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Accounting Standards Accounting 228

CFO Dive

JANUARY 19, 2023

The project to improve software accounting standards is a long time coming. At least one element of the current standards has remained largely unchanged since 1985.

Accounting 263

Accounting Accounting Standards 263

CFO Dive

JANUARY 6, 2023

Fed efforts to curb inflation, an imbalance in the demand and supply of workers and clarification of accounting standards are among the CFO trends this year.

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CFO Accounting Standards Accounting 267

CFO Dive

JUNE 29, 2023

The FASB is poised to tweak existing accounting standards which originally sought to address calls for timelier loss reporting after the 2008 financial crisis.

Accounting Standards 214

Accounting Standards Accounting 214

CFO Dive

MARCH 15, 2023

While previous FASB efforts to update accounting standards for taxes have fizzled, Chair Richard Jones has said tweaks to the project’s scope have made it achievable.

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Accounting Standards Accounting 237

CFO Dive

MARCH 27, 2023

The changes to lease accounting standards (Topic 842) provide narrowly targeted relief for some companies grappling with the guidance from 2016.

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Accounting Standards Accounting 236

CFO Dive

JUNE 16, 2022

accounting standard-setter shelved a proposal recasting how companies account for an estimated $3.6 trillion in goodwill on their balance sheets.

Accounting 288

Accounting Accounting Standards 288

CFO Dive

OCTOBER 1, 2022

exchanges comply with the country’s accounting standards. The penalty is the latest sign of regulators’ battle to ensure foreign companies on U.S.

Accounting Standards 238

Accounting Standards Accounting 238

CFO Dive

SEPTEMBER 20, 2023

For the first time in nearly 40 years the Financial Accounting Standards Board is working to update its guidance on software costs

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Accounting Standards Accounting 164

CFO Dive

MAY 12, 2022

The board is getting serious about improving accounting standards for digital assets even as a crypto market slump is hammering valuations.

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Prioritization Accounting Standards Valuation Accounting 250

CFO Dive

MARCH 14, 2022

Although the Financial Accounting Standards Board took no action on the matter at its early-March meeting, members signaled they’d like to stop counting a company’s customer relationships as an asset.

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Accounting Standards Accounting 246

CFO Dive

MARCH 23, 2022

The 2022 reporting taxonomies include updates to accounting standards on credit losses and balance sheet offsets, among other things, the Financial Accounting Standards Board says.

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Accounting Standards Accounting 130

CFO Dive

JUNE 30, 2022

accounting standard setter drew a three-fold jump in investor feedback after launching an initiative in 2020 to get more input on where it should focus its efforts.

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Accounting Standards Accounting 154

CFO Dive

JULY 18, 2022

The Financial Accounting Standards Board Chair Richard Jones discussed the organization’s agenda, a possible quick fix and the accounting topic that finally trended on social media.

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Accounting Standards Accounting 130

CFO Dive

APRIL 21, 2022

accounting standards setter will likely affirm the proposed two-year extension of LIBOR-related accounting relief unless it gets new feedback during the public comment period, according to a FASB spokesperson.

Accounting 143

Accounting Accounting Standards 143

CFO News

AUGUST 10, 2023

ECL Guidelines: The ECL framework is envisaged under the new Indian accounting standards or Ind-As, which are expected to be adopted by banks in the next two years.

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Accounting Standards Accounting Banking 98

CFO Dive

FEBRUARY 3, 2022

The Financial Accounting Standards Board also wants lenders to report on current-year gross write-offs by year of origination.

Accounting Standards 130

Accounting Standards Accounting 130

CFO News

JANUARY 17, 2024

The National Financial Reporting Authority (NFRA) is planning to directly engage audit committees of large listed companies to sensitise them about accounting standards and their role, a first-of-its kind regulatory outreach to curb corporate frauds, people aware of the watchdog's thinking told ET.

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Auditing Planning Accounting Standards Financial Reporting 52

PYMNTS

MARCH 30, 2020

1 accounting standard known as “current expected credit loss” (CECL) in an effort to bolster loans in the wake of the coronavirus, the Wall Street Journal reported on Friday (March 27). Bank regulators have rolled back the Jan. National bank regulators — The Federal Reserve, Federal Deposit Insurance Corp.

Accounting Standards 66

Accounting Standards Banking Credit Risk Compliance 66

Embark With Us

MAY 19, 2022

It wasn't so long ago when the very thought of accounting for convertible debt sent shivers down the spines of even veteran accountants. Thankfully, the FASB heard the screams and night terrors, giving the guidance a much-needed overhaul in the form of Accounting Standards Update (ASU) 2020-06.

Accounting 98

Accounting Accounting Standards 98

CFO News

AUGUST 1, 2023

In its order, Sebi found that MSEI during preparation of the books of accounts on a going concern basis failed to provide necessary projections in terms of Indian AS1 (Accounting Standard 1) and failed to seek relaxation regarding Key Management Personnel (KMP).

Accounting Standards 52

Accounting Standards Securities CFO Accounting 52

Future CFO

NOVEMBER 27, 2023

The review assessed disclosures made by a sample of interim financial statements of ten companies against the requirements of the accounting standard in their first year of application, the accounting body said.

IFRS 52

IFRS Accounting Standards Performance Measuring Reconciliations 52

The Charity CFO

APRIL 20, 2023

However, nonprofit organizations face unique accounting challenges and not all commercial accounting software may be equipped to handle. Where to start with nonprofit accounting software Nonprofits have to comply with strict financial accounting standards.

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Nonprofit Accounting Accounting Standards Budgeting 98

Bramasol

JULY 31, 2023

It can quickly become unmanageable to try and handle lease contract management, lessor accounting, maintenance services, sales of consumables, revenue recognition and disclosure reporting all with different siloed software. In addition, global companies need the flexibility to comply and report according to multiple accounting standards.

Accounting 77

Accounting SAP GAAP IFRS 77

Bramasol

JANUARY 9, 2023

Since the release of new lease accounting standards ASC 842 and IFRS 16 in 2018, companies have taken a variety of approaches to comply, but many are now aiming to optimize their lease accounting processes for efficiency and long-term manageability.

SAP 92

SAP Accounting IFRS Reconciliations 92

Future CFO

OCTOBER 8, 2023

Hefty cost of IFRS 17 The total cost faced by the global insurance industry to implement the IFRS 17 accounting standard is now estimated to be US$21-27billion, WTW observed. Dividend-paying capacity unaffected: Nearly all 2023 survey participants declared that dividend-paying capacity has been unaffected by IFRS 17.

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IFRS Accounting Standards Accounting Investments 52

Future CFO

OCTOBER 29, 2023

FP&A functions bring in a lot of value to the banking sector across numerous time horizons simultaneously--even in the highly compliance-focused area of meeting the requirements of important new accounting standards.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Risk Management Banking Accounting Standards 52

The Charity CFO

JANUARY 19, 2023

Accounting standards for nonprofits are probably not the first thing you think about, but are crucial for your organization to succeed. Because of their unique structure and operational model, nonprofits must comply with various accounting standards that are, in many ways, different from for-profit organizations.

Accounting Standards 52

Accounting Standards Nonprofit Accounting GAAP 52

PYMNTS

JUNE 4, 2020

The International Accounting Standards Board introduced a significant overhaul to lease accounting standards , and while the changes went into effect at the start of 2019, corporates continue to face challenges to adhere to the standards and remain compliant. In the U.S.,

Accounting 52

Accounting Accounting Standards Cash Flow Forecasting Compliance 52