Welcome
Welcome to the AccountingEducation.com community.
Happy 10th birthday to us! - Our online community became 10 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 15th volume!)
If you are a regular user of our website or newswire we'd love to hear how you use these facilities as we plan a special series of newswires to celebrate our anniversary year outlining how the community has helped people all over the world in these last 10 years. Please take a moment to email us your comments at editor@accoutingeducation.com (would be great to let our various correspondents know their work is not in vain please!)
If you are new to the site - please feel free to use the contents of the site as you need. To make full use of this site you should register as a user as some content is only available to you once you have signed up. Click on the register option above - it only takes 2 minutes and there is no charge to join. Why not sign up for our free weekly newswire at the same time? We welcome participation and suggestions - contact us at info@accountingeducation.com with any ideas for development you may have.
Latest News
IRISH TAX RECEIPTS REPORTED ABOVE FEARED LOW LEVELS
03 December 2009
Chartered Accountants Ireland has said that there are some encouraging signs in the November tax figures published this week and that fears of a meltdown of revenue from the self employed sector have been misplaced. Read more in our Irish news item of the week. [AL]
|
|
CIMA FUNDED RESEARCH REVEALS NEW APPROACH TO TARGET SETTING PROCESS
03 December 2009
Research funded by the Chartered Institute of Management Accountants (CIMA) and conducted by the Centre for Business Performance at the Cranfield School of Management has unveiled a new framework designed to support organisations in the target setting process. The ‘Cranfield target setting wheel’ will help firms of all sizes transform their existing performance management and incentive systems to reflect the sales environment that staff operate in and establish targets that will generate the expected behaviours. Click through for further details. [AL]
|
|
EUROPE'S UNIVERSITIES LACK GENUINE AUTONOMY FROM STATE CONTROL - RESULTS OF EUA REPORT RELEASED
03 December 2009
While many governments, the university sector and indeed the European Commission have recognised that increased autonomy for universities will be a crucial step towards modernising universities in the 21st century, the new report by the European University Association (EUA) highlights that in practice public authorities still play too central a role in the regulation of the higher education system and, in a large number of countries, still exert direct control. Click through for further details. [AL]
|
|
|
DRSC ISSUE THEIR COMMENT LETTER ON IASCF CONSTITUTION REVIEW
03 December 2009
The comment letter supplied by DRSC in response to the IASCF Constitution Review - Proposals for Enhanced Public Accountability is now available for download from the DRSC/GASB website. In particular, the Board takes issue with the lack of explicit reference to a commitment to principle-based standards and urge the Trustees to review the objective of bringing about convergence with national accounting standards. They argue that as more than 100 countries now follow IFRS the IASB should instead focus again entirely on the quality of its standards rather than seek convergence with few remaining countries. Click through for further details. [AL]
|
|
|
XBRL UPDATE: XBRL UK RELEASES NEW UK GAAP AND UK-IFRS TAXONOMIES
03 December 2009
XBRL UK have this week released new versions of the UK GAAP and UK-IFRS taxonomies. These are intended to support financial reporting by ordinary UK commercial and industrial companies in XBRL. The taxonomies are final versions and are based on reporting regulations as announced by 2009-09-01. Click through for further details and for a link to access these taxonomies. [AL]
|
|
|
IFRIC INTERPRETATION ON EXTINGUISHING FINANCIAL LIABILITIES WITH EQUITY INSTRUMENTS RELEASED
03 December 2009
The International Financial Reporting Interpretations Committee (IFRIC) has issued an interpretation that provides guidance on how to account for the extinguishment of a financial liability by the issue of equity instruments. These transactions are often referred to as debt to equity swaps. Click through for further details. [AL]
|
|
|
IASB ISSUES MINOR AMENDMENT TO PENSIONS ACCOUNTING
03 December 2009
The International Accounting Standards Board (IASB) has issued a minor amendment to its requirements on accounting for pension plans, and separately published for public comment a proposal to amend IFRS 1 First-time Adoption of International Financial Reporting Standards. More information can be found in our full news item. [AL]
|
|
|
NEW LOOK IASB WEBSITE LAUNCHED
03 December 2009
The IASB has launched its refreshed IASC Foundation / IASB website. Whilst the technology and much of the content remains the same, varous improvements have been made to the overall look and feel, as well as the navigation structure of the new site. Enhancements to the homepage include a top-level navigation system benefitting from a new, drop-down menu system. The search facility is also much improved. Do check out the new site and give them feedback. [AL]
|
|
|
IASB WORK PLAN UPDATED
03 December 2009
The IASB workplan timetable has been updated on their new website showing the current best estimate of document publication dates. The effective date of amendments and new standards is usually 6-18 months after publication date, although in setting an effective date the Board considers all relevant factors. In appropriate circumstances, early adoption of new standards will be allowed. CLick through to access these new documents. [AL]
|
|
|
THE COMMITTEE FOR AUDITOR ETHICS OF THE SOUTH AFRICAN IRBA ISSUES EXPLANATORY MEMORANDUM ON ETHICS AND CODE OF PROFESSIONAL CONDUCT
03 December 2009
The Independent Regulatory Board for Auditors in South Africa has issued Board Notice 157 of 2009 in the Government Gazette No. 32742 (published on 27 November 2009) containing the Explanatory Memorandum setting out the background to and explanation of the Exposure Draft of Rules Regarding Improper Conduct and the Code of Professional Conduct issued pursuant to the provisions of sections 4(1)(c) and 44(6) of the Auditing Profession Act . See further details in our news item [DG].
|
|
Adverts:
If you are looking to accelerate your career, considering earning an online accounting degree. With the major advances in online education, you now quickly and conveniently raise your skills and earning power. Browse hundreds of degree programs today, and find one that's perfect for you!
Despite the recession, accounting careers are in high-demand and will be for the foreseeable future. Earn an online accounting degree from an accredited college and take the first step to securing your future.
|
Journal of the Month
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 22nd volume, will publish eight issues in 2009, and at least one article from each issue will be freely accessible!
Latest addition - "Initiating sustainable development reporting: evidence from New Zealand" by Jan Bebbington, Colin Higgins and Bob Frame (AAAJ - Vol. 22 Iss. 4)
Access other articles from the 2008 and 2009 volumes here.
Course of the Week
[Advertise your courses here - email us for details]
|
