May 2012
Beginner
404 pages
10h 18m
English
Content preview from IFRS For Dummies
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Chapter 19
Ten Future Developments in IFRS
In This Chapter
Knowing how the standards are changing
Seeing how amendments will affect accounting practice
Nothing stands still in the world of financial reporting, and certainly not at the ivory tower known as the offices of the International Accounting Standards Board (IASB). In this chapter, I look at ten projects that the IASB is currently sifting through that may affect how the International Financial Reporting Standards (IFRS) and International Standards on Auditing (IAS) work in the future.
For all standards development issues, including new IFRS, that the IASB are planning and any withdrawals, regularly check the IASB’s website www.ifrs.org (click ‘Standards development’ on the main navigation tab).
Keeping up to date with standards development can count towards your professional body’s continuing professional development (CPD) requirements if CPD is relevant to your career. Bonus, eh?
Overhauling the Financial Instruments Standards
The banking industry has recently been slammed for the way in which it accounted for certain financial ...
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I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.