The IASB recently issued two proposals that differ substantially from current practice and from US GAAP. The first involves pension accounting, moving asset gains and losses to other comprehensive income. The second changes the recognition financial liability changes due to a company’s credit rating change.
Check out this recent blog post by Resources Global Professional's Colleen Cunningham for more insight.
About chrisburd
I am the Managing Director of the policyIQ group and have been with the team since 2005. I work with clients and prospective clients through all aspects of their policyIQ experience, from the exploration process for a prospective client through the configuration changes that might be needed for an organization growing and expanding with policyIQ. In addition to working closely with clients, I also work with the development team in a product management role to define and prioritize features for new releases. I love being able to help our clients work through how to best implement policyIQ to be efficient and effective across their organization. Before policyIQ, I worked as a systems implementation consultant and as an operations manager for a global e-commerce service.