Are we getting closer to global accounting standards? After a short hiatus, the Securities and Exchange Commission (SEC) has announced the steps it intends to take in making the determination of whether to transition U.S. capital markets to IFRS.
The 2009 AICPA National Conference on Current SEC and PCAOB Developments held on December 7 - 9, 2009 in Washington D.C. brought together regulators, standard setters, auditors, preparers and users of financial statements, and other constituencies in a discussion of the current issues and hot topics in financial reporting. The highlights provide Duff & Phelps' observations on the key valuation takeaways that affect fair value measurements, impairments and disclosures, and other related topics.
This webcast discusses topics arising when converting from US GAAP to IFRS in the context of convergence, early adoption or mandatory adoption of IFRS.
Duff & Phelps managing directors Lynne Weber and Rick Schwartz discus issues and implications for CFOs and the transaction team when valuing contingent consideration under SFAS 141R, Business Combinations.
FASB's new Statement 141 (R), which makes significant changes to current accounting rules for business combinations, is expected to become effective as early as January 2009.
The issuance of Statement of Financial Accounting Standards No. 141R, Business Combinations (FAS 141R) overhauls the financial reporting requirements for business combinations. The implications are broad and numerous. This Valuation Insights article authored by Duff & Phelps Managing Director Lynne Weber explores contingent consideration implications.
Read the cover article of Valuation Insights Q2 to learn more about maximizing cash flows from long-lived asset impairments.
In this economic environment, more and more companies are recognizing asset impairments, including those pursuant to SFAS 144-Accounting for the Impairment or Disposal of Long-Lived Assets.
The IASB has recently issued for public comment an Exposure Draft that addresses the measurement of Fair Value.