IASC Addresses Share-Based Payment.While the first phase of the IASC's restructuring moves forward--the new group of trustees met for the first time in June under the chairmanship of Paul A. Volcker, former chairman of the Federal Reserve The Chairman of the Board of Governors of the Federal Reserve System is the head of the central banking system of the United States and one of the most important decision-makers in American economic policies. Board--the committee has been busy issuing guidance on international accounting. The IASC IASC International Accounting Standards Committee IASC Inter-Agency Standing Committee (United Nations) IASC International Arctic Science Committee IASC International Association for Statistical Computing board, also in June, approved exposure drafts of limited revisions to IAS See iPlanet Application Server. 1. (computer) IAS - The first modern computer. It had main registers, processing circuits, information paths within the central processing unit, and used Von Neumann's fetch-execute cycle. no. 39, Financial Instruments: Recognition and Measurement; IAS no. 19, Employee Benefits and IAS no. 12, Income Taxes. In July the staff of the IASC issued a discussion paper, Accounting for Share-based Payment--the result of an effort by the standard-setting bodies of G4 + 1, comprising the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Australia, Canada, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. and the United Kingdom. Among the proposals in the paper was one that said a transaction whereby an entity obtains goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. from other parties, with payment taking the form of shares or share options, should be recognized in the financial statements with a corresponding charge to the income statement. Also discussed was the treatment of lapsed options, options that are repriced, employee share plans with cash alternatives and share appreciation rights. The IASC board is scheduled to meet in October in Tokyo to issue several proposed international accounting standards as final: E65, Agriculture; E66, Proposed Limited Revisions to IAS 39, Financial Instruments: Recognition and Measurement; E67, Pension Plan Assets; and E68, Income Tax Consequences of Dividends. Comments on the discussion paper are due October 31. For details on this and other publications of the IASC, see www.iasc.org.uk. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion