Accounting professionals are accustomed to complying with accounting standards. Generally accepted accounting standards set the guidelines for reporting financial transactions in the United States.

Over the years, companies have relied on alternative performance measures (APMs) such as “adjusted earnings” or “underlying profit” to provide investors additional financial information beyond IFRS or ...

Journal of Accounting Research, Vol. 53, No. 5 (DECEMBER 2015), pp. 915-963 (49 pages) We outline several properties of IFRS that potentially affect the contractibility or the transparency of ...

The International Financial Reporting Standards Foundation has published a set of near-final examples showing how companies can improve the reporting of uncertainties in their financial statements ...

IFRS 18 and Ind AS 118 will standardise profit-and-loss presentation, redefine operating profit, and regulate management-defined performance measures. The change aims to improve transparency, ...

Securities and Exchange Commission chairman Paul Atkins issued a warning that the SEC might eliminate a rule that allows multinational companies to present their financial statements in accordance ...

About one-quarter of the world’s central banks apply IFRS with approximately a quarter more looking to IFRS for further guidance where their local standards do not provide enough guidance. Given the ...

03 Apr 2024 (Johannesburg Stock Exchange) Old Mutual Life Assurance Company (OMLACSA) has announced the release of its audited consolidated annual financial statements for the fiscal year ending ...