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All contributors in GAAP/Standard Accounting Practices
Sep 16, 2009
On the Switch from GAAP to IFRS Reporting
By: Bruce Silver
The SEC has decided to give up GAAP. Financial statements by companies in the U.S. will no longer follow GAAP, but will follow IFRS. more...
Jun 17, 2009
Quick Reference GAAP Guide
By: Miranda Miller
These 12 Generally Accepted Accounting Principles help ensure that information in financial statements is relevant, reliable, consistent, and comparable. more...
May 31, 2009
The Nine Steps in The Accounting Cycle
The accounting cycle refers to nine steps, repeated in each reporting period, to verify transactions and prepare financial statements for internal and external users. more...
May 8, 2009
EU Ministers Ask IASB 'Please Explain'
By: Eva Wiland
Progress towards global accounting standards is under threat as EU finance ministers pressure standard setters for a more level playing field. more...
Apr 30, 2009
Enron Auditor Agrees to Pay $16M
An accord with Enron Corp creditors to pay $16M, settling claims it was negligent in auditing and advising the energy giant, starts Arthur Andersen LLP's final chapter. more...
Apr 29, 2009
Mark-to-Market Takes Precedence in Global Crisis
The Financial Crisis Advisory Group has singled out fair value or mark-to-market accounting as one of the main areas of improvement in response to the global crisis. more...
Sep 16, 2007
IFRS: Accounting Standards
By: Tiffany Bradford
What is the International Accounting Standards Board (IASB) and why are the International Financial Reporting Standards (IFRS) issued by it so important? more...
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