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Our online community became 14 years old on 1 April. No, not an April fool, we really have been doing it this long and our newswire - Double Entries - was going for some years before this and is now in its 20th volume.

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Latest News

IMA ISSUES STATEMENT ON ORGANIZATIONAL CHANGE 25 February 2015 To help organizations consider the human perspective and reaction to organizational change, learn how to ease the impact, and minimize associated issues and risks, IMA® (the Institute of Management Accountants) has released a new Statement on Management Accounting (SMA) titled “Managing Organizational Change in Operational Change Initiatives.” The SMA’s framework defines the concepts and principles that must be considered when making organizational changes.

ICAEW TAX FACULTY OFFER 7 PLAIN ENGLISH SUGGESTIONS FOR FORTHCOMING UK BUDGET 25 February 2015 The ICAEW Tax Faculty have offered seven 'plain English' suggestions for the UK Chancellor to consider ahead of the UK Budget on 18 March. This budget will be the current Government's last key chance to emphasise its economic credentials ahead of the next general election (when all national parliament seats are up for grabs) at the start of May - so a lot riding on getting this one right. The theme of the Tax Faculty's proposals can be summarised as 'put tax simplification at the heart of Government thinking'.

IVSC WELCOME EC GREEN PAPER ON OPENING UP OF FINANCIAL MARKETS IN EUROPE TO MORE INTEGRATED MARKET SOLUTION 25 February 2015 The IVSC has welcomed the European Commission's Green Paper aimed at opening financial markets for companies across Europe published on Wednesday 18 February. Compared to other parts of the world, European businesses remain heavily reliant on banks for funding and relatively less on capital markets.

EUROPEAN COMMISSION LAUNCHES WORK ON ESTABLISHING A CAPITAL MARKETS UNION IN EUROPE 25 February 2015 The European Commission has kicked off its project to create a Capital Markets Union (CMU) for all 28 EU Member States with a first orientation debate at the College of Commissioners. It is designed to help businesses to tap into diverse sources of capital from anywhere in the EU and offer investors and savers additional opportunities to put their money to work. It aims to create a single market for capital for all 28 Member States by removing barriers to cross-border investment and lower costs of funding within the EU.

FRC ISSUE CONSULTATIONS TO AMEND UK AND IRISH FINANCIAL REPORTING FOR SMALLER BUSINESSES TO COME INTO LINE WITH EC ACCOUNTING DIRECTIVE 25 February 2015 Following publication of the Government’s decision on the UK implementation of the EU Accounting Directive the FRC has issued its proposals to amend UK and Irish accounting standards. The proposals will benefit 1.5 million of the smallest companies (“micro-entities) in the UK by simplifying their reporting requirements.

NZASB ISSUE PBE EXPLOSURE DRAFT ON OMNIBUS AMENDMENTS TO PBE STANDARDS 25 February 2015 The New Zealand Accounting Standards Board (NZASB) has published for public comment an Exposure Draft to amend existing PBE Standards entitled: ED NZASB 2015-2 2015 Omnibus Amendments to PBE Standards (ED NZASB 2015-2).

IFRS FOUNDATION ISSUE STATEMENT IN RESPONSE TO KEY EC GREEN PAPER ON CAPITAL MARKET INTEGRATION 25 February 2015 The IFRS Foundation, which is responsible for the governance and oversight of the International Accounting Standards Board (IASB), has issued a statement saying that it supports the goal of the proposed Capital Markets Union (CMU) announced by the European Commission this week to increase the role that capital markets play in financing the European economy.

IASB PUBLISH PROPOSALS TO CLARIFY THE WAY IN WHICH LIABILITIES ARE CLASSIFIED 25 February 2015 The International Accounting Standards Board (IASB) has published for public comment the Exposure Draft Classification of Liabilities (Proposed amendments to IAS 1), which clarifies how entities classify debt, particularly when it is coming up for renewal.

IASB CHAIRMAN COMMENTS ON BENEFITS OF INDIAN ACCOUNTING STANDARDS (IND AS) TO INDIAN COMPANIES - A BIG STEP TOWARDS FULL IFRS USE IN INDIA 25 February 2015 Speaking at a conference organised jointly by the IFRS Foundation and KPMG in Mumbai, India, Hans Hoogervorst, Chairman of the International Accounting Standards Board (IASB), commented on the benefits of IFRS adoption to Indian companies and said that Ind AS should be seen as a stepping stone towards full IFRS adoption.

FOR-PROFIT ACCOUNTING STANDARDS ISSUES ON GENERAL DISCLOSURE REQUIREMENTS AND EXCEPTIONS TO CONSOLIDATIONS 25 February 2015 NZASB have issued two For-Profit Accounting Standards that amend existing Standards. The two Standards are titled: Disclosure Initiative (Amendments to NZ IAS 1) and Investment Entities: Applying the Consolidation Exception (Amendments to NZ IFRS 10, NZ IFRS 12 and NZ IAS 28).

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	Book of the Week
	The Effect of Defined Benefit Liability on Firms’ Valuations in Japan by Eriko Kasaoka, Kwansei Gakuin University

	Latest event
	BAFA Accounting Education Special Interest Group Annual Conference 2015 06 May 2015 - 08 May 2015 ( 3 days ) British Accounting and Finance Association Accounting Education Special Interest Group (AE SIG) Annual Conference Manchester Metropolitan University, Manchester, UK 6th – 8th May 2015 We would like to invite experienced researchers, early stage researchers and academics with an interest in pedagogical issues in accounting to join us for the 2015 conference.... Event added 15/12/14

	Latest Library Item
	FRC Financial Reporting Lab Case study - Experimental Accounting Policy Disclosures 08 February 2015 Author(s): FRC Type: Case Materials The Financial Reporting Council’s (FRC) Financial Reporting Lab (Lab) has found that investors support fresh approaches to the disclosure of accounting policies. Building on the Lab’s recent report ‘Accounting policies and integration of related financial information’, the Lab has published a case study conducted among some of William Hill plc’s investors, retail shareholders, and analysts. The study highlights the company’s experimentation with accounting policy disclosure.

	Latest Link
	IFRS Research Centre 03 May 2014 The IFRS Research Centre is an initiative of the IASB that is designed to support the establishment of a dedicated research capability that will draw upon a combination of internal and external intellectual resources, including the engagement of the academic community.