Tag: IASB

International Financial Reporting Standards (IFRS)

See Also: Financial Instruments Finance Beta Definition Generally Accepted Accounting Principles (GAAP) Financial Accounting Standards Board (FASB) Financial Ratios International Financial Reporting Standards (IFRS) The International Financial Reporting Standards (IFRS) are a set of rules and standards for preparing financial statements. An organization called the International Accounting Standards Board (IASB) issued the IFRS. The goal

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Operating Leases Going Away?

The FASB (Financial Accounting Standards Board) and the IASB (International Accounting Standards Board) are recommending that the use of operating leases be scrapped. In addition, they are recommending that you treat all leases as capital leases. For over 40 years, FAS 13 has been the standard. But this step will change all that. Operating Leases

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