lundi 14 novembre 2011
IASB and FASB publish revised proposal for revenue recognition
The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) today issued for public comment a revised draft standard to improve and converge the financial reporting requirements of International Financial Reporting Standards (IFRSs) and US General Accepted Accounting Principles (GAAP) for revenue (and some related costs) from contracts with customers
The comment period of the exposure draft closes on 13 March 2012.
More information:
Read the press release
Read a Snapshot summary document of the proposals
Listen to a podcast recording introducing the proposals
Go to the project page
Access the document online:
To access the document visit the "Get involved / Comment on a proposal" section on www.ifrs.org
If you are an eIFRS/Comprehensive subscriber, you can also view the document in the 'Latest Additions' section of eIFRS (you will be required to provide your login details).
Printed copies of the document:
Printed copies of the document can be purchased from the IFRS Foundation's online shop.
Comprehensive subscribers will receive a print copy shortly.
mercredi 9 novembre 2011
Cloud Computing and Accounting !
http://www.journalofaccountancy.com/Multimedia/CloudSecurityandOpportunities.htm#
Mandatory Effective Date of IFRS 9
At this meeting (Nov 7, 2011), the IASB tentatively decided that IFRS 9 (2009) and IFRS 9 (2010) should be amended to require application for annual periods beginning on or after 1 January 2015, rather than 1 January 2013. The Board also tentatively decided not to require the restatement of comparative-period financial statements for the initial application of the classification and measurement requirements of IFRS 9, but instead to require modified disclosures on transition from the classification and measurement requirements of IAS 39 to those of IFRS 9. The Board also tentatively decided that this disclosure would be required even if an entity chose to restate its comparatives for the effect of applying IFRS 9. Early application of IFRS 9 (2009) and IFRS 9 (2010) would continue to be permitted.
Ten Board members supported these decisions, with one member disagreeing.
jeudi 3 février 2011
Conspiracy theory - Wikipedia, the free encyclopedia
mercredi 2 février 2011
Standards Overseer to Consider Proposal for Private Company Financial Reporting
INJAZ fully registered and to expand operations in Qatar
mardi 1 février 2011
Tunisian Revolution: Mission Re-building Trust.
The Tunisian revolution showed that Arab population can sill control its destiny. This great achievement towards a democratic society, where Law is the final benchmark directs thoughts towards the question of: What is next ? A long term stability could never be achieved without being backed up by sustainable economy.
This important question should be approached from various aspects, each has its importance and priority. One of the major construction sites that Tunisia, as a unified country is facing is repositioning its economy at the expected levels (expectations from inside and from outside observers).
What happens recently (degrading Tunisia rating and the fear of some investors to pump money into the veins of the Tunisia economy) is some kind of red flags we should be careful of. Foreign investors will never show-up in a country suffering from instability, and lucking sound governance rules.
Therefore the urging imperative is to rebuild confidence by brightening the Tunisian image abroad. The new government should think about starting a strategic operation of re-building trust. Actually, what one can learn from the old regime is the communication strategy it was adopting for years. Ben Ali adopted a smart image building strategies that can serve Tunisia as a country in this period of turmoil.
We used to market Tunisia as a sunny destination for cool and relaxing beach holidays. I think that Government communication experts should revise their discourse to outsiders and come out with something different. A new speech in a new dress highlighting the new Tunisia.
Today, Tunisia has a strong advantage that could vanish with time if not capiatalized. Everybody just knows about this small country that led the first revolution to destitute a dictatorship regime in the sleepy Arab world. Business is about catching the right opportunities at the right time. It is time to catch this opportunity to re-market Tunisia, its advantages for investors.
The old official discourse was mainly focusing on foreign investments. Nobody can deny their added value in terms of foreign currency to the country and job creation (PS: I will discuss the issue in another post). However, a backbone of growth that nobody can/should neglect is the local investor. Even though with limited financial capabilities, local investors have the advantage of being always there, of knowing well the battle field and of being more flexible organizations.
Priority right now: Rebuilding trust to attract foreign investment and to encourage local investment.
This important question should be approached from various aspects, each has its importance and priority. One of the major construction sites that Tunisia, as a unified country is facing is repositioning its economy at the expected levels (expectations from inside and from outside observers).
What happens recently (degrading Tunisia rating and the fear of some investors to pump money into the veins of the Tunisia economy) is some kind of red flags we should be careful of. Foreign investors will never show-up in a country suffering from instability, and lucking sound governance rules.
Therefore the urging imperative is to rebuild confidence by brightening the Tunisian image abroad. The new government should think about starting a strategic operation of re-building trust. Actually, what one can learn from the old regime is the communication strategy it was adopting for years. Ben Ali adopted a smart image building strategies that can serve Tunisia as a country in this period of turmoil.
We used to market Tunisia as a sunny destination for cool and relaxing beach holidays. I think that Government communication experts should revise their discourse to outsiders and come out with something different. A new speech in a new dress highlighting the new Tunisia.
Today, Tunisia has a strong advantage that could vanish with time if not capiatalized. Everybody just knows about this small country that led the first revolution to destitute a dictatorship regime in the sleepy Arab world. Business is about catching the right opportunities at the right time. It is time to catch this opportunity to re-market Tunisia, its advantages for investors.
The old official discourse was mainly focusing on foreign investments. Nobody can deny their added value in terms of foreign currency to the country and job creation (PS: I will discuss the issue in another post). However, a backbone of growth that nobody can/should neglect is the local investor. Even though with limited financial capabilities, local investors have the advantage of being always there, of knowing well the battle field and of being more flexible organizations.
Priority right now: Rebuilding trust to attract foreign investment and to encourage local investment.
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