La actuación empresarial debe ser revisada a la luz de aquello que hace la empresa e influye en su reputación, pero también aquello que cada quien percibe y experimenta que es la realidad y la RSE o actuación sostenible de la empresa, humaniza la relación y reconstituye el tejido de confianza social. El concepto de…
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La zona del euro se recupera, pero se necesita un crecimiento más fuerte para impulsar el empleo. Una combinación de políticas equilibradas puede generar grandes dividendos en materia de crecimiento. El saneamiento de los préstamos bancarios incobrables puede ayudar a estimular el crédito y la inversión. La recuperación de la zona del euro está afianzándose,…
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In July 2002, regulations were adopted requiring all European Union (EU) companies with securities traded on a regulated market to prepare their consolidated financial statements in accordance with International Financial Reporting Standards (IFRS). A decade since the switch to IFRS in 2005 by approximately 7,000 listed companies, debate continues over whether or not the introduction…
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Being dubbed as two of the Asian Four Small Dragons, Hong Kong and Singapore have been in constant competition with each other to be the easiest place to do business. The two rivaling cities have each attracted large amounts of foreign investment over the years with their geographical advantages and open attitude to free trade, as well as strong infrastructure and favorable business…
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Moving past simplification to “qualitification” Lately, the Financial Accounting Standards Board has publicized its efforts to simplify financial reporting with claims that it’s reducing costs while maintaining quality. However, what we keep seeing are mostly modest cuts in compliance costs incurred by statement preparers, traditionally the board’s most vocal constituency. In contrast, statement users need…
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Report finds that IFRS helped more than harmed during the 2007-09 banking crisis. The European Commission has concluded that the International Accounting Standards Board’s accounting rules did not make the 2007-2009 banking crisis worse, saying their benefits outweighed the costs. The International Financial Reporting Standards replaced a patchwork of national regulations for publicly listed European…
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The Securities and Exchange Commission is signaling a solution to companies that are struggling with how to reflect certain debt issuance costs under new guidance from the Financial Accounting Standards Board. SEC staff said during a meeting of FASB’s Emerging Issues Task Force that they acknowledge Accounting Standard Update No. 2015-03 on presentation of debt issuance costs…
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The revenue recognition rule doesn’t mean that companies should wait to start their implementation efforts. On July 9, the Financial Accounting Standards Board voted to defer the effective date of its revenue recognition standard by a year, while still allowing companies to adopt the standard as initially planned. FASB listened to the concerns preparers voiced about the…
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The Australian Accounting Standards Board (AASB) has won the battle to keep a coveted role advising the most powerful global financial reporting and accounting standards setting bodies. The Australian Accounting Standards Board (AASB), in alliance with its New Zealand counterpart, has won the battle to keep a coveted role advising the most powerful global financial reporting and accounting standards…
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Providing effective governance presents boards and management with a formidable challenge. Here’s how one company does it. Success in business is influenced by many factors: effective strategy and execution; deep understanding of the business environment, including its risks; the ability to innovate and adapt; and the ability to align strategy throughout the organization. Massachusetts Mutual…
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