Financial Standards

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November 30, 2023 2 min read Definitions

APB: Insight into Accounting and Auditing Principles

Finance Accounting Auditing APB Accounting Principles Auditing Practices Financial Standards Compliance

Dive into the definitions of APB, ranging from Accounting Principles Board to Auditing Practices Board, and discover how they guide finance professionals.

November 30, 2023 3 min read Definitions

Institute of Chartered Accountants in Ireland (ICAI): A Gateway to Excellence in Accounting

Finance Education Professional Development ICAI Accounting Ireland Financial Standards Professional Body

Dive into the roles and significance of the Institute of Chartered Accountants in Ireland (ICAI), crucial for setting high standards in accounting and finance.

October 5, 2023 3 min read Definitions

Post-Employment Benefits: A Guide to Employer-Provided Retiree Perks

Human Resources Retirement Planning Financial Accounting Post-Employment Benefits Retirement Planning Financial Standards Employee Benefits Accounting Compliance

Explore the definition and accounting requirements for post-employment benefits, including health care and pensions, under various financial standards.

October 4, 2023 3 min read Definitions

Role of the Accounting Council in Financial Reporting

Finance Accounting Corporate Governance Accounting Council Financial Reporting Financial Standards Corporate Compliance Financial Policy

Explore the purpose and functions of the Accounting Council, established in 2012 to advise the Financial Reporting Council on accounting policies.

October 4, 2023 3 min read Definitions

Explore the History of Accounting Principles Board (APB)

Finance History of Accounting Regulatory Bodies APB Accounting History GAAP Financial Regulations Financial Standards

Delve into the origins and impact of the Accounting Principles Board (APB) in the USA, established in 1959, which played a pivotal role in shaping today's GAAP.

October 4, 2023 3 min read Definitions

Held-for-Sale Asset Classification in Financial Reporting

Accounting Asset Management Financial Reporting IAS 5 Non-Current Assets Asset Valuation Balance Sheet Management Financial Standards

Explore the nuances of held-for-sale assets in IAS 5, including conditions, valuation, and balance sheet presentation. Essential reading for finance professionals.

October 4, 2023 2 min read Definitions

IFRS Foundation Overview: Guide to Global Financial Standards

Finance Global Standards Financial Reporting IFRS Financial Standards Global Finance Accounting Financial Reporting

Explore the essential role of the IFRS Foundation in standardizing global financial reporting, ensuring transparency and consistency in finance.

October 4, 2023 3 min read Definitions

IOSCO: The International Organization for Securities Commissions

Finance Global Markets Regulatory Bodies IOSCO Securities Regulation International Finance Financial Standards Market Oversight

Learn what IOSCO stands for, its role in the global financial landscape, and why it's crucial for international securities regulation.

October 4, 2023 3 min read Definitions

Note of Historical Cost Profits and Losses in Annual Reports

Finance Accounting Business Reporting Historical Cost Financial Reporting Annual Accounts Profit and Loss Financial Standards

Explore the significance and implications of including a note of historical cost profits and losses in company annual reports and financial statements.