The International Accounting
Standards Board and its US equivalent, the Financial Accounting
Standards Board, have joined forces to introduce radical reforms to lease
The changes the two bodies are working towards could see airlines, retailers,
restaurant chains and other users of commercial leases bring lease assets onto
their balance sheets for the first time, the
‘You’re talking about about a dramatic impact on the balance sheets of
companies; almost every balance sheet in the US will change. Debt-equity ratios
will completely change,’ Ed Nusbaum, chief executive of accountants Grant
estimates that $396bn (£202.9bn) in off-balance sheet liabilities could be
affected across a range of S&P 500 companies.
Does Darwin's theory apply to taxation? Colin ponders...
Improvements to cashflow statements are being targeted in a consultation launched by the Financial Reporting Council (FRC)
Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states