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Pick a Number
book

Pick a Number

by Roger Hussey, Audra Ong
September 2014
Intermediate to advanced content levelIntermediate to advanced
166 pages
3h 59m
English
Business Expert Press
Content preview from Pick a Number

CHAPTER 5

The Disagreements

About This Chapter

The process of converging U.S. Generally Accepted Accounting Principles (GAAP) and International Accounting Standards Board (IASB) standards continues to be a lengthy journey. The Financial Accounting Standards Board (FASB) and the IASB have been working closely on several projects for many years. Currently, the two Boards have four major joint projects that are due for completion as a major part of the conversion project. These are:

1. Revenue recognition

2. Leasing

3. Accounting for financial instruments

Classification and measurement

Impairment

4. Insurance

Despite the numerous meetings, plethora of documents, and dissemination of progress reports, these projects have still not reached fruition ...

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Publisher Resources

ISBN: 9781606497302