Printer Friendly
The Free Library
14,560,361 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

IASB, FASB issue joint proposals on business combinations.


The International Accounting Standards Board An editor has expressed concern that this article or section is .
Please help improve the article by adding information and sources on neglected viewpoints, or by summarizing and
 and the Financial Accounting Standards Board Financial Accounting Standards Board (FASB)

Board composed of independent members who create and interpret Generally Accepted Accounting Principles (GAAP).
 have each published an exposure draft containing joint proposals to improve and align align (līn),
v to move the teeth into their proper positions to conform to the line of occlusion.
 the accounting for business combinations. The proposals include a draft standard that the boards developed in their first major joint project. The objective of the project is to develop a single high-quality standard for accounting for business combinations that could be used for both domestic and cross-border financial reporting. The proposed standard would replace the existing requirements of the IASB's IFRS IFRS International Financial Reporting Standard(s)
IFRS Inter Frame Relay Service
IFRS Indiana Facilities Registry System
 3, Business Combinations. and the FASB's Statement No. 141, Business Combinations.

The exposure drafts are available on the FASB's Web site at www.fasb.org and the IASB's Web site at www.iasb.org. Comments are due Oct. 28. The FASB and the IASB plan to hold public roundtable meetings to gather additional input on the proposals.
COPYRIGHT 2005 American Institute of CPA's
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:accounting & auditing news
Publication:CPA Letter
Date:Aug 1, 2005
Words:142
Previous Article:Public meeting notices.(disciplinary actions)(Calendar)
Next Article:USDA issues revised audit guidance for Rural Rental Housing Program.
Topics:



Related Articles
FASTEN SEAT BELTS: Bumpy Ride For Stock Option Accounting.(Brief Article)
BOARD CHANGE ENHANCES INTERNATIONAL RELATIONS.(Brief Article)
It's time for one. (InternationalStandards).(Brief Article)
Financial Reporting: Focus on the IASB. (Conferences).(International Accounting Standards Board )
Ask FERF (financial executives research foundation) about ... recent regulatory highlights.(Resources)
FASB, IASB.(Financial Accounting Standards Board)(International Accounting Standards Board)
Revenue recognition: a perennial problem; Concerns about revenue recognition have intensified, and Financial Executives Research Foundation looks at...
The explosion of accounting standards.
IASB aids IFRS adoption, slows effective dates.(financial REPORTING)(International Accounting Standards Board, International Financial Reporting...
IASB, FASB form leasing project, create working group.(FASB News)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles