Social Media Ideas for Accounting Standards

IASB releases rate-regulated company standard

The International Accounting Standards Board issued a new standard for businesses subject to rate regulation, such as electricity, water and gas utilities.

FASB issues environmental credit standard

The accounting standards update aims to improve financial accounting and disclosures about activities related to environmental credits and obligations.

FASB issues standard for clarifying environmental credit disclosures

FASB’s chair said that the Accounting Standards Update features guidance “that previously did not exist” related to environmental credits and environmental credit obligations.

FASAB offers guidance on implementing federal MD&A

The Federal Accounting Standards Advisory Board issued staff implementation guidance implementing its Management Discussion and Analysis standard from 2024.

FASB proposes guidance on market-return cash balance plans

The Financial Accounting Standards Board issued a proposed accounting standards update to enhance the guidance for some market-return cash balance plans.

FASB proposes improvements in hedge accounting

The Financial Accounting Standards Board posted a proposed accounting standards update to improve interest rate risk hedging and net investment hedging accounting guidance.

ICAI to prepare new accounting framework for Tirumala Tirupati Devasthanams

This can be replicated by other institutions, says ICAI President Prasanna Kumar D

FASB seeks comment on hedge accounting guidance

FASB published two Accounting Standards Updates recently. One is intended to improve accounting guidance for interest rate risk hedging and net investment hedging, and the other re...

CAS Board Finalizes Rule Aligning 4 Cost Accounting Standards With GAAP

The rule, effective Aug. 7, rescinds CAS 408 and 411 in full and most of CAS 404 and 409 It eliminates 68 of the 72 requirements in the four standards, cutting more than 10,000 wor...

FASB proposes changes in investment company reporting

The Financial Accounting Standards Board wants to amend how investment companies measure the fair value of a security subject to a contractual sale restriction.

FRS 102: What the new accounting standards mean for Corporation Tax

Major changes to FRS 102 took effect for accounting periods beginning on or after 1 January 2026. While most businesses will be focused on the balance sheet and profit and loss imp...

FASB seeks comment on fair value reporting proposal

FASB published a proposed Accounting Standards Update to improve investment company financial reporting by amending how investment companies measure the fair value of an equity sec...

Company Tax Returns ‘Should Be Fully Standardised’

ACCA supports HMRC bid for company tax return to move to a standardised, fully tagged format but warns compliance must be proportionate. The post Company Tax Returns ‘Should Be Ful...

PCAOB requests comments on standard setting

The Public Company Accounting Oversight Board is requesting input on future focus areas for standard setting.

IESBA decides to update code of ethics for firm culture and governance

The International Ethics Standards Board for Accountants decided to move ahead on a project to update its International Code of Ethics for Professional Accountants.

Standardization of sustainability reporting improves, but obstacles remain

While an increasing number of large U.S. companies turned to audit firms for assurance of sustainability data in 2024, a gap persists with the rest of the world, an annual report s...

AICPA updates audit standards related to external confirmations

SAS No. 150, External Confirmations, published Monday following an AICPA Auditing Standards Board vote in May, is designed to address today’s digitally driven environment.

ISSB plans nature-related disclosure proposals

The International Sustainability Standards Board intends to issue an exposure draft of its nature-related disclosure proposals in October.

SEC proposes to simplify reporting, auditing requirements

The Securities and Exchange Commission aims to increase IPOs with changes to accelerated and non-accelerated filers and exemptions from internal control audits.

PSA Accounting Procedures: Getting Both Sides to Do It Right

PCAOB seeks comment on standard-setting and research

The PCAOB seeks public comment on future areas of focus for standard setting, building on the dialogue initiated earlier this year.

ESG reporting increased in 2024

Sustainability reporting is becoming more standardized globally, according to a new report from the IFAC, AICPA and CIMA.

Best Accounting Methods for Small Businesses

Discover the best accounting methods for small businesses in our comprehensive guide. Learn how to choose the right accounting approach to streamline your finances, improve cash fl...

Prepare Tally Financial Statements

Enter bank statements data in Tally and prepare financial statements. Deliverables: - Tally Accounting • Balance Sheet • Profit & Loss Statement • Cash Flow Statement T...