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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 19th volume.

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Latest News

FAF APPOINTS 10 NEW MEMBERS TO THE FASAC 03 December 2013 The Board of Trustees of the Financial Accounting Foundation (FAF) has appointed 10 new members to the Financial Accounting Standards Advisory Council (FASAC). The FASAC is responsible for advising the FASB on strategic issues, project priorities, and other matters that affect accounting standard setting. The new members will serve a one-year term beginning January 1, 2014, and are eligible to be reappointed for three additional one-year terms.

GASB RESOLVES TRANSITION ISSUE IN PENSION STANDARDS 03 December 2013 The Governmental Accounting Standards Board (GASB) has issued a Statement regarding the transition provisions of GASB’s new pension standards for state and local governments. GASB Statement No. 71, Pension Transition for Contributions Made Subsequent to the Measurement Date—an amendment of GASB Statement No. 68, eliminates a potential source of understatement of restated beginning net position and expense in a government’s first year of implementing GASB Statement No. 68, Accounting and Financial Reporting for Pensions.

IASB OUBLISHES PROPOSALS FOR NARROW-SCOPE AMENDMENTS TO IAS 27 SEPARATE FINANCIAL STATEMENTS 03 December 2013 The International Accounting Standards Board (IASB) has published for public comment Exposure Draft: Equity Method in Separate Financial Statements (Proposed amendments to IAS 27). The proposed amendments to IAS 27 would allow entities to use the equity method to account for investments in subsidiaries, joint ventures and associates in their separate (parent only) financial statements.

IMA ACCEPTING ENTRIES FOR ANNUAL CARL MENCONI ETHICS CASE WRITING COMPETITION 02 December 2013 The IMA® is accepting entries for the 2014 Carl Menconi Ethics Case Competition through January 22, 2014. The competition, sponsored jointly by the IMA Committee on Ethics and IMA’s Professor-in-Residence, works to develop and distribute teaching cases focusing on business ethics with a specific application to management accounting and finance issues. The competition is open to accounting and finance academics and practitioners and joint submissions are encouraged.

PCAOB APPROVES 2014 BUDGET AND 2013-2017 STRATEGIC PLAN 02 December 2013 The Public Company Accounting Oversight Board (PCAOB) has approved its 2014 fiscal-year budget of approximately $258.4 million and its 2013-2017 strategic plan. The budget is $12.8 million, or 5 percent, above the Board's 2013 budget of $245.6 million.

IASB PUBLISHES NARROW-SCOPE AMENDMENTS TO IAS 19 EMPLOYEE BENEFITS 01 December 2013 The International Accounting Standards Board (IASB) has published narrow scope amendments to IAS 19 Employee Benefits entitled Defined Benefit Plans: Employee Contributions (Amendments to IAS 19). The narrow scope amendments apply to contributions from employees or third parties to defined benefit plans. The objective of the amendments is to simplify the accounting for contributions that are independent of the number of years of employee service, for example, employee contributions that are calculated according to a fixed percentage of salary.

MARIA HELENA SANTANA AND LYNN WOOD APPOINTED AS TRUSTEES OF THE IFRS FOUNDATION 01 December 2013 The Trustees of the IFRS Foundation, responsible for the governance and oversight of the International Accounting Standards Board (IASB), has announced the appointment of Maria Helena Santana and Lynn Wood to serve as Trustees of the IFRS Foundation. Both appointments will begin on 1 January 2014 and will expire on 31 December 2016, renewable for a further three-year term.

IFRS FOUNDATION TRUSTEES APPOINT NEW ADVISORY COUNCIL MEMBERS 01 December 2013 The Trustees of the IFRS Foundation (Trustees), responsible for the governance and oversight of the International Accounting Standards Board (IASB), have announced the appointment of fourteen new members of the IFRS Advisory Council.

IASB COMPLETES IMPORTANT STEPS IN REFORM OF FINANCIAL INSTRUMENTS ACCOUNTING 01 December 2013 The International Accounting Standards Board (IASB) has announced the completion of a package of amendments to the accounting requirements for financial instruments.

IFAC ISSUES NOTICE OF THE CALL FOR NOMINATIONS FOR ITS BOARD AND COMMITTEES 01 December 2013 The Notice of the Call for Nominations for the IFAC Board and Committees in 2015 has been issued along with the companion guide, Developing a Nominations Strategy. The Notice of the Call sets out the upcoming opportunities for membership on the Board of the International Federation of Accountants (IFAC), the global organization for the accountancy profession with 179 members and associates in 130 countries, and its Compliance Advisory Panel, Professional Accountancy Organization Development Committee, Professional Accountants in Business Committee, Small and Medium Practices Committee, and Nominating Committee.

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Accounting, Auditing and Accountability Journal

SPECIAL OFFER! - Emerald is pleased to offer all users of AccountingEducation.com FREE access to selected articles from AAAJ.

The journal, now in its 24th volume, will publish eight issues in 2011. At least one article from each issue will be freely accessible!

Latest addition - "Climate change: Explaining and solving the mismatch between scientific urgency and political inertia by Jonathan Boston and Frieder Lempp (AAAJ - Vol. 24 Iss. 8)

Access other articles from the 2008, 2009, 2010 and 2011 volumes here.

	Book of the Week
	Management Accounting Applications by Grahame Steven

	Latest event
	2014 Fifth International Symposium on Accounting Information Systems [ISAIS] 02 July 2014 - 03 July 2014 ( 2 days ) The Centre for Accounting and Industry Partnerships, Department of Accounting, University of Melbourne, Australia is pleased to announce the fifth International Symposium on Accounting Information Systems (ISAIS) commencing in the morning of Wednesday July 2, followed by a half day on Thursday July 3 ( http://fbe.unimelb.edu.au/accounting/caip/isais/ ).... Event added 01/11/13

	Latest Library Item
	Double Entries 16.20 01 December 2010 Author(s): Andy Lymer and Amelia Baldwin Type: Double Entries Archive Double Entries Newswire Issue16.20 November 22 2010

	Latest Link
	IFRS Resources pages 16 December 2012 Follow the link to download a list of some English language IFRS resources available to accounting academicians, students and others. Most of the Internet resources are available without charge (purchased access is indicated).