Tag: gaap

As US-listed companies operating in Asia turn their attention to first quarter reporting, they need to be aware of new hedge accounting standards and they don’t just apply to new hedges

The FASB removes a step from its goodwill impairment test amid concerns it makes the process too complex and expensive. Corporates with a lot of goodwill compared with fair value of reporting units could see nasty paper losses..

The new rule is expected to help US-based corporates operating in the Asia-Pacific reduce costs.

The IASB’s new rules on accounting for leases should encourage firms to embrace balance sheet transparency.

From the next fiscal year, starting on April 1, 2016, large Indian companies will have to change their financial accounting and reporting to a new system. CT outlines where the biggest pain points will come from.